Synovus Financial

Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. The company operates through the following segments: Community Banking, Wholesale Banking, and Financial Management Services (FMS). The Community Banking business segment serves customers using a relationship-based approach through its branch, ATM, commercial, and private wealth network in addition to mobile, Internet, and telephone banking. The Wholesale Banking business segment serves primarily larger corporate customers by providing commercial lending and deposit services through specialty teams including middle market, CRE, senior housing, national accounts, premium finance, structured lending, healthcare, asset-based lending, and community investment capital. The Financial Management Services (FMS) business segment serves its customers by providing mortgage and trust services and specializing in professional portfolio management for fixed-income securities, investment banking, the execution of securities transactions as a broker/dealer, asset management, financial planning, and family office services, as well as the provision of individual investment advice on equity and other securities. It offers private banking, treasury management, wealth management, premium finance and international banking, commercial and retail banking, financial management, insurance, and mortgage services to its customers. The company was founded in 1972 and is headquartered in Columbus, GA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Synovus Financial excels in 2022, eyes revenue growth in 2023

Synovus Financial's strong performance in 2022 was marked by profitable growth, stable credit quality, and a focus on core banking stability. While facing challenges in non-interest revenue and expense management, the company is well-positioned to capitalize on opportunities for revenue growth and profitability enhancement in 2023.

Synovus Financial reports robust Q1 earnings amidst economic challenges

Synovus Financial delivered strong financial results with a focus on stability, client relationships, and prudent risk management practices.
While facing challenges from a changing economic landscape, the company remains proactive in addressing liquidity concerns and optimizing its balance sheet.
Opportunities lie in adjusting strategies for growth, enhancing risk management practices, and strengthening liquidity positions for future resilience.
Overall, Synovus remains committed to delivering high-quality service, adapting to market changes, and investing in community support for sustainable growth.

Synovus Financial reports strong Q2 performance amidst growth challenges

Synovus Financial delivered a strong Q2 performance with a focus on risk management, expense efficiency, and growth initiatives.
While facing challenges in deposit growth and credit metrics, the bank remains confident in its long-term growth potential.
Opportunities lie in reducing wholesale funding, improving liquidity, and driving growth through new deposit initiatives.
Management's commitment to customers, shareholders, and employees remains strong, prioritizing risk management and operational excellence.

Synovus Financial reports stable Q3 performance amid revenue challenges

Synovus Financial's Q3 performance showed stability amidst a challenging interest rate environment. Strategic actions taken include expense control, asset sales, and a focus on relationship-based lending. Challenges in revenue growth and NIM expansion risks require careful management, while opportunities exist in capital building and core business growth.

Synovus Financial reports robust Q4 earnings and outlines growth strategies for 2024

Synovus Financial (SNV) delivered a strong performance in Q4 2023, showcasing growth in key financial metrics and a focus on strengthening its balance sheet. While facing challenges such as CD repricing and portfolio exposure management, the company remains poised to capitalize on opportunities for growth and profitability in 2024. Investors can look forward to continued earnings growth and strategic initiatives aimed at enhancing shareholder value.

Synovus Financial reports steady growth and strategic focus for 2024

Synovus Financial's Q1 2024 performance showcased steady growth in loans and core deposits, disciplined expenses, and strategic initiatives. Despite challenges like margin pressure and managing nonperforming loans, opportunities exist in market-related growth and capital deployment. Overall, a positive outlook is projected with expectations of margin expansion, increased fee income, and well-managed expenses.

Synovus Financial reports Q2 loss but shows resilience and optimism

Synovus Financial's Q2 performance reflected a mix of challenges and strengths, with a focus on expense control and capital management.
While facing revenue growth headwinds, the company's asset quality improvements and revenue enhancement initiatives offer opportunities for future growth.
Overall, Synovus remains optimistic about its financial trajectory and is positioned to navigate the evolving market landscape effectively.

Synovus Financial posts strong Q3 results, eyes sustainable growth

Synovus Financial delivered a strong performance in Q3, marked by solid earnings growth, stable credit quality, and operational efficiency.
Despite challenges from margin pressure and market rate impacts, the company's focus on sustainable growth and profitability positions it well for the future.
With a strong capital position, national recognition for excellence, and a commitment to innovation, Synovus is poised to navigate challenges and seize opportunities.
Management's confidence in achieving sustainable growth underscores a positive outlook for the company's strategic direction and long-term success.

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Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. The company operates through the following segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services (FMS). The Community Banking business segment serves customers using a relationship-based approach through its branch, ATM, commercial, and private wealth network in addition to mobile, Internet, and telephone banking. The Wholesale Banking business segment serves primarily larger corporate customers by providing commercial lending and deposit services through specialty teams including middle market, CRE, senior housing, national accounts, premium finance, structured lending, healthcare, asset-based lending, and community investment capital. The Consumer Banking business segment serves individual and small business clients through its branch and ATM network, in addition to digital and telephone channels. The Financial Management Services (FMS) business segment serves its customers by providing mortgage and trust services and specializing in professional portfolio management for fixed-income securities, investment banking, the execution of securities transactions as a broker/dealer, asset management, financial planning, and family office services, as well as the provision of individual investment advice on equity and other securities. It offers private banking, treasury management, wealth management, premium finance and international banking, commercial and retail banking, financial management, insurance, and mortgage services to its customers. The company was founded in 1972 and is headquartered in Columbus, GA.

Does Synovus Financial (SNV) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Synovus Financial (SNV) is a Great Choice

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. announced pricing of its previous underwritten public offering of $500 million of fixed rate/floating rate senior notes.

Synovus announces pricing of $500 million senior notes offering

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. today announced an underwritten public offering of senior notes due 2030.

Synovus announces senior notes offering

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank recently named Rick Arbuckle as the senior director, middle market for wholesale banking.

Synovus names Rick Arbuckle as senior director, middle market for wholesale banking

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair and Executive Vice President and Chief Financial Officer Jamie Gregory will participate in a fireside chat at the BancAnalysts Association of Boston Conference on Nov. 7, 2024, at 12:45 p.m. ET. A live webcast and replay will be available at https://investor.synovus.com/events. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billi.

Synovus to present at BancAnalysts Association of Boston Conference

Synovus Financial Corp. (NYSE:SNV ) Q3 2024 Earnings Conference Call October 17, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of IR Kevin Blair - Chairman, President and CEO Jamie Gregory - CFO Bob Derrick - Chief Credit Officer Conference Call Participants Brandon King - Truist Jared Shaw - Barclays Timur Braziler - Wells Fargo Ebrahim Poonawala - Bank of America Chris Marinac - Janney Montgomery Scott Tony Elian - JP Morgan Samuel Varga - UBS Stephen Scouten - Piper Sandler Michael Rose - Raymond James Gary Tenner - D.A. Davidson Catherine Mealor - KBW Russell Gunther - Stephens Operator Good morning.

Synovus Financial Corp. (SNV) Q3 2024 Earnings Call Transcript

SNV's third-quarter results benefit from an increase in non-interest income and a decline in expenses. A dip in NII acted as a spoilsport.

Synovus Shares Gains as Q3 Earnings Top Estimates on Higher NIR

The headline numbers for Synovus (SNV) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Synovus (SNV) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended Sept. 30, 2024.

Synovus announces earnings for third quarter 2024

Synovus Financial (SNV) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.84 per share a year ago.

Synovus Financial (SNV) Surpasses Q3 Earnings and Revenue Estimates

Evaluate the expected performance of Synovus (SNV) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Curious about Synovus (SNV) Q3 Performance? Explore Wall Street Estimates for Key Metrics

Synovus (SNV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Synovus Financial (SNV) Reports Next Week: Wall Street Expects Earnings Growth

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus is donating $125,000 to the American Red Cross to support disaster relief efforts for communities impacted by Hurricane Helene.

Synovus donates $125,000 for Hurricane Helene disaster relief

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank has named Tommy Flinn as market executive for upstate South Carolina, covering Greenville and Spartanburg effective Sept. 30.

Synovus names Tommy Flinn as upstate South Carolina market executive

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. will announce third quarter 2024 earnings results.

Synovus to announce third quarter 2024 earnings results

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank promotes Chad Parramore to executive director and head of product commercialization for the bank's treasury and payment solutions team.

Synovus promotes Chad Parramore to head of product commercialization

SNV provides its third-quarter 2024 outlook. NII is expected to be impacted by the muted loan growth environment and the impact of expected Federal Reserve rate cuts.

Synovus Stock Falls 2.1%, Fed Rate Cut to Hurt Q3 NII Growth

Synovus Financial Fixed-Rate Reset Non-Cumulative Preferred E offers an 8.507% coupon after resetting, with the next call date and dividend reset in July 2029. Comparative analysis shows it will likely yield higher than the D series and other regional banks' preferreds after the Fed cuts interest rates. Risk factors include non-cumulative dividends and a lower S&P rating than some of its peers.

Synovus Financial Preferred Attractive After Rate Reset

COLUMBUS, Ga.--(BUSINESS WIRE)--The board of directors of Synovus Financial Corp. has declared quarterly dividends.

Synovus announces quarterly dividends

Synovus (SNV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Synovus (SNV) Moves to Buy: Rationale Behind the Upgrade

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus to participate at Barclays Global Financial Services Conference.

Synovus to participate at Barclays Global Financial Services Conference

Synovus (SNV) reported earnings 30 days ago. What's next for the stock?

Why Is Synovus (SNV) Down 4.7% Since Last Earnings Report?

Synovus (SNV) is well poised to gain from strategic mergers and acquisitions and balance sheet strength.

5 Reasons to Add Synovus (SNV) Stock to Your Portfolio Now

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has awarded 111 college students its Jack Parker Scholarship, totaling $104,000 for 2024.

Synovus awards Jack Parker Scholarship to 111 students for 2024

Synovus (SNV) continues to benefit from strong loans and deposit balances. Balance sheet strength and strong liquidity position is another positive.

News for Synovus Financial Stock (SNV)