Synovus Financial Corp. (SNV)
| Market Cap | 5.83B |
| Revenue (ttm) | 1.93B |
| Net Income (ttm) | 428.71M |
| Shares Out | 146.44M |
| EPS (ttm) | 2.92 |
| PE Ratio | 13.59 |
| Forward PE | 9.87 |
| Dividend | $1.52 (3.83%) |
| Ex-Dividend Date | Mar 20, 2024 |
| Volume | 822,604 |
| Open | 39.96 |
| Previous Close | 40.15 |
| Day's Range | 39.66 - 40.30 |
| 52-Week Range | 24.40 - 40.92 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 41.06 (+3.5%) |
| Earnings Date | Apr 17, 2024 |
About SNV
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services. Its consumer banking services comprise accepting customary types of demand and... [Read more]
Financial Performance
In 2023, SNV's revenue was $2.03 billion, a decrease of -4.25% compared to the previous year's $2.12 billion. Earnings were $507.76 million, a decrease of -29.94%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for SNV stock is "Buy." The 12-month stock price forecast is $41.06, which is an increase of 3.50% from the latest price.
News
Synovus CEO on Q1 results after earnings miss
Kevin Blair, Synovus CEO, joins 'Money Movers' to discuss if the industry's guidance on net charge-offs is too conservative, what gives investors more confidence in regional banks, and more.
Synovus announces earnings for the first quarter 2024
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2024.
Synovus Financial Corp. releases 2023 Annual Report
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. has released its 2023 Annual Report, which highlights the company's progress toward its strategic priorities.
Synovus introduces Accelerate Pay for business payments
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus introduces Accelerate Pay for business payments.
Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure
Five smaller U.S. banks with exposure to commercial real estate have been hit with credit-rating outlook downgrades, the latest development threatening to make borrowing more difficult for businesses ...
Synovus to announce first quarter 2024 earnings results
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce first quarter 2024 earnings results.
Synovus Announces Quarterly Dividends
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus announces quarterly dividends.
Synovus to participate at BofA Securities Financial Services Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will participate in a fireside chat at the 32nd annual BofA Securities Financial Services Co...
Synovus CEO Kevin Blair: Higher for longer interest rates would be good for us
Synovus CEO Kevin Blair joins 'Money Movers' to discuss the company's quarterly earnings results, when deposit costs will peak in 2024, and more.
Synovus announces earnings for the fourth quarter 2023
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus announces earnings for the fourth quarter 2023.
Synovus to announce fourth quarter 2023 earnings results
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce fourth quarter 2023 earnings results after the market closes on Wednesday, Jan. 17, 2024, and host a conference call a...
Synovus announces expiration and final tender results of its previously announced tender offer
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) announced today the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) to purchase up t...
Synovus announces quarterly dividends
COLUMBUS, Ga.--(BUSINESS WIRE)--The board of directors of Synovus Financial Corp. (NYSE: SNV) has declared the following quarterly dividends: $0.38 per share on the company's common stock, payable on ...
Synovus announces early tender results in connection with previously announced tender offer and extends early tender payment to apply through expiration time
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) announced today the results as of 5 p.m., New York City time, on Nov. 15, 2023 (the “Early Tender Time”), of its previously announce...
Synovus to present at Goldman Sachs 2023 US Financial Services Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will make an investor presentation at the Goldman Sachs 2023 U.S. Financial Services Confere...
Synovus announces offer to purchase up to $150 million aggregate principal amount of its 5.900% fixed-to-fixed rate subordinated notes due 2029
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) announced today that it has commenced a cash tender offer to purchase up to $150 million in aggregate principal amount (as such amou...
Synovus to present at BancAnalysts Association of Boston Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair and Chief Financial Officer Jamie Gregory will present at the BancAnalysts Association of Bo...
Credit quality has been manageable and within our expectations, says Synovus CEO Kevin Blair
Synovus CEO Kevin Blair joins 'Squawk on the Street' to discuss the credit quality Synovus sees, how the higher rates have impacted Synovus' business, and more.
Synovus announces earnings for the third quarter 2023
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus announces earnings for the third quarter 2023.
Synovus Bank Extends Sagent Software Deal 5 Years to Power Mortgage Servicing & Analytics
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)-- #fintech--Sagent, a Warburg Pincus-backed fintech software company modernizing mortgage servicing for banks and lenders, today announced a five-year partnership...
This Stock Has A 5.65% Yield And Sells For Less Than Book
the recent SNV share price of $26.89 represents a price-to-book ratio of 0.9 and an annual dividend yield of 5.65%
GLOBALT and Synovus complete transaction to make GLOBALT independent entity
ATLANTA--(BUSINESS WIRE)--GLOBALT Investments LLC and Synovus Financial Corp. (NYSE:SNV) today announced the completion of a transaction through which the leadership team of GLOBALT has purchased the ...
Synovus to announce third quarter 2023 results on Oct. 19, 2023
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce third quarter 2023 results on Thursday, Oct. 19, 2023.
Regional banks facing credit losses for commercial real estate: Moody's study
A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.
U.S. banks and regional lenders slide across the board as S&P is latest to downgrade ratings
U.S. banks and regional banks fell across the board on Tuesday, after S&P Global Ratings downgraded five smaller players after a review of risk related to funding, liquidity and asset quality with a f...