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.

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.

Synovus (SNV) Thrives on Organic Growth Amid High Costs

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

Synovus Financial (SNV) is a Great Momentum Stock: Should You Buy?

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank has named Darron Burnette as president of Synovus Mortgage, effective July 15.

Synovus names Darron Burnette as president of mortgage

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank has promoted Blake Thrasher to Tuscaloosa market executive.

Synovus promotes Blake Thrasher to Tuscaloosa market executive

Synovus Financial is facing challenges in a high interest rate environment, but its Series E preferred shares offer better opportunity than Series D. Synovus' second quarter earnings showed improvement in net interest income and margins, attributed to a unique securities re-positioning strategy. Risks to Synovus Financial include concentration of commercial real estate loans and potential impact on earnings from accelerated loan losses.

Synovus Financial: Switching Preferred Shares On Better Yield Opportunity

Synovus Financial Corp. (NYSE:SNV ) Q2 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of Investor Relations Kevin Blair - Chairman, President and CEO Jamie Gregory - CFO Robert Derrick - Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Steven Alexopoulos - JPMorgan Jared Shaw - Barclays Capital Manan Gosalia - Morgan Stanley Brandon King - Truist Securities Timur Braziler - Wells Fargo Michael Rose - Raymond James Catherine Mealor - KBW Michael Rose - Raymond James Christopher Marinac - Janney Montgomery Scott Samuel Varga - UBS Operator Good morning, and welcome to the Synovus Second Quarter 2024 Earnings Call. All participants will be in listen-only mode.

Synovus Financial Corp. (SNV) Q2 2024 Earnings Call Transcript

Synovus' (SNV) Q2 earnings benefit from a year-over-year decline in expenses and provisions. However, declining loan and deposit balances, along with lower NII, act as spoilsports.

Synovus (SNV) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

While the top- and bottom-line numbers for Synovus (SNV) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Synovus (SNV) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Synovus Financial (SNV) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.16 per share a year ago.

Synovus Financial (SNV) Surpasses Q2 Earnings Estimates

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

Synovus announces earnings for second quarter 2024

What Makes Synovus Financial (SNV) a Strong Momentum Stock: Buy Now?

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

Ahead of Synovus (SNV) Q2 Earnings: Get Ready With 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.

Analysts Estimate Synovus Financial (SNV) to Report a Decline in Earnings: What to Look Out for

Synovus (SNV) benefits from the strategic expansion efforts of its banking verticals. However, a rise in expenses is likely to impede bottom-line growth in the near term.

Synovus' (SNV) Organic Expansion Drives Growth, High Costs Ail

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce second quarter 2024 earnings results.

Synovus to announce second quarter 2024 earnings results

Moody's rating affirms Synovus' (SNV) subsidiary's ratings with a stable outlook. This shows a balance between the credit headwinds associated with a significant concentration in CRE loans.

Synovus (SNV) Arm Ratings Affirmed by Moody's, Outlook Stable

Synovus (SNV) plans to reduce risk-weighted assets by $2-$2.4 billion in second-quarter 2024 and sell available-for-sale securities with a book value of $1.6 billion.

Synovus (SNV) to Sell RWA & Reposition Securities Portfolio

Synovus Financial Corp. (NYSE:SNV ) Q1 2024 Earnings Call Transcript April 18, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of Investor Relations Kevin Blair - Chairman, President and CEO Jamie Gregory - CFO Robert Derrick - Chief Credit Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Ebrahim Poonawala - Bank of America Steven Alexopoulos - JP Morgan Catherine Mealor - KBW Gary Tenner - D.A. Davidson Jared Shaw - Wells Fargo Michael Rose - Raymond James Stephen Scouten - Piper Sandler Brian Wilczynski - Morgan Stanley Timur Braziler - Wells Fargo Russell Gunther - Stephens Christopher Marinac - Janney Montgomery Scott Brandon King - Truist Securities Operator Good morning, and welcome to the Synovus First Quarter 2024 Earnings Call.

Synovus Financial Corp. (SNV) Q1 2024 Earnings Call Transcript

Synovus' (SNV) Q1 results reflect y/y declines in revenues and loan balances, as well as increased expenses and provisions.

Synovus (SNV) Q1 Earnings & Revenues Miss, Expenses Rise Y/Y

Although the revenue and EPS for Synovus (SNV) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Synovus (SNV) Q1 Earnings: A Look at Key Metrics

Synovus Financial (SNV) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.33 per share a year ago.

Synovus Financial (SNV) Q1 Earnings and Revenues Miss Estimates

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2024.

Synovus announces earnings for the first quarter 2024

Beyond analysts' top -and-bottom-line estimates for Synovus (SNV), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Unveiling Synovus (SNV) Q1 Outlook: Wall Street Estimates for Key Metrics

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. has released its 2023 Annual Report, which highlights the company's progress toward its strategic priorities.

News for Synovus Financial Stock (SNV)