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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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.

Earnings Preview: Synovus Financial (SNV) Q1 Earnings Expected to Decline

Huntington Bancshares

Cullen/Frost Bankers

East West Bancorp

First Horizon National

F.N.B. Corp.

Truist Financial

Western Alliance Bancorporation

US regional banks' first quarter earnings should demonstrate resilience in earnings per share (EPS) despite a tough revenue growth environment, analysts at the Bank of America believe. They wrote in a note to clients that investors will be looking for potential areas of vulnerability in a higher for longer interest rate backdrop, specifically in commercial real estate, overall credit, and deposit costs.

US regional banks' Q1 earnings expected to show resilient profits despite revenue challenges

Synovus (SNV) unveils a payment solution, Accelerate Pay, to enable commercial banking clients to initiate account payable payments, while eliminating check payments.

Synovus (SNV) Rolls Out Accelerate Pay for Business Payments

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus introduces Accelerate Pay for business payments.

Synovus introduces Accelerate Pay for business payments

First Commonwealth Financial

M&T Bank

Trustmark

Valley National

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 and individuals.

Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure

New York Community Bancorp

S&P Ratings downgrades the outlook on First Commonwealth, M&T Bank (MTB), Synovus (SNV), Trustmark (TRMK) and Valley National (VLY) to negative from stable.

Outlook on 5 Regional Banks Lowered by S&P on CRE Exposure

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

Synovus to announce first quarter 2024 earnings results

While balance sheet strength and asset portfolio repositioning will aid Synovus' (SNV) organic growth, rising costs and loan portfolio concentration are worrisome.

Synovus' (SNV) Organic Growth Profile Aids Despite Rising Costs

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus announces quarterly dividends.

Synovus Announces Quarterly Dividends

Synovus Financial Corp. is a provider of commercial and consumer banking services in the United States. Despite the recent decline in net income, Synovus has a strong solvency profile, and its dividend has the potential for growth, making it a good addition to a dividend portfolio. Income investors may also be interested in the two preferreds offered by the company.

Synovus Financial: A Lot Of Income Options Here

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Synovus Financial (SNV) Stock Undervalued Right Now?

Synovus (SNV) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why Synovus (SNV) Is a Great 'Buy the Bottom' Stock Now

Is Synovus Financial (SNV) a Great Value Stock Right Now?

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 Conference at 1 Hotel South Beach in Miami Beach, Florida, on Feb. 21, 2024, at 3:20 p.m. ET. A live webcast and replay will be available on Synovus' investor relations website at https://investor.synovus.com/events. Synovus Financial Corp. is a financial services company based in Columbus, Georgia,.

Synovus to participate at BofA Securities Financial Services Conference

Synovus (SNV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Synovus (SNV) Run Higher on Rising Earnings Estimates?

Synovus' (SNV) Q4 earnings reflect a decline in revenues and loan balances, as well as an increase in expenses and provisions, while higher deposit balance offers some support.

Synovus (SNV) Stock Dips 1% as Q4 Earnings Miss Estimates

Synovus Financial Corp. (SNV) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Synovus (SNV) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Synovus (SNV) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Synovus Financial (SNV) came out with quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.35 per share a year ago.

Synovus Financial (SNV) Misses Q4 Earnings and Revenue Estimates

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus announces earnings for the fourth quarter 2023.

Synovus announces earnings for the fourth quarter 2023

Synovus Financial (SNV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Synovus Financial (SNV) Ahead of Earnings?

Get a deeper insight into the potential performance of Synovus (SNV) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Curious about Synovus (SNV) Q4 Performance? Explore Wall Street Estimates for Key Metrics

Synovus (SNV) possesses 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) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Quantasing Group Ltd

QSG and SNV made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 8, 2024.

Best Value Stocks to Buy for January 8th

AP Moller - Maersk A/S

Tim SA

TIMB, AMKBY and SNV made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 8, 2024.

News for Synovus Financial Stock (SNV)