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 Financial Company (SNV Q3 2022 Earnings Conference Call October 20, 2022 8:30 AM ET Company Participants Kevin Blair - President, Chief Executive Officer Jamie Gregory - Chief Financial Officer Robert Derrick - Chief Credit Officer Cal Evans - Senior Director, Investor Relations Conference Call Participants Brady Gailey - KBW Steven Alexopoulos - JP Morgan Jennifer Demba - Truist Securities Brad Milsaps - Piper Sandler Kevin Fitzsimmons - DA Davidson Jared Shaw - Wells Fargo Christopher Marinac - Janney Montgomery Scott Operator Good morning and welcome to the Synovus third quarter 2022 earnings call. All participants will be in listen-only mode.

Synovus Financial (SNV) Q3 2022 Earnings Call Transcript

Synovus Announces Earnings for the Third Quarter 2022

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) Earnings Expected to Grow: Should You Buy?

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce third quarter 2022 results on Thursday, Oct. 20, 2022. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET. A live audio webcast and slides will be available with the press release and data tables at http://investor.synovus.com/event. A replay will be posted on the company's website approximately one hour after the call ends and will be available with

Synovus to Announce Third Quarter 2022 Results on Oct. 20, 2022

Management's initiatives, including the launch of a new platform and plans for team expansion, will drive loan growth through the end of 2023. Higher interest rates will boost the margin but also erode equity book value.

Synovus Financial: Initiatives To Drive Earnings, Stock Appears Attractively Valued

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. announced the pricing of its previously-announced underwritten public offering of $350 million of senior notes due 2025.

Synovus Announces Pricing of $350 Million Senior Notes Offering

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today announced an underwritten public offering of senior notes due 2025. Synovus intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of existing debt. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC will serve as the joint book-running managers for the offering. Synovus is conducting the offering pursuant to an effective registration statement under the

Synovus Announces Senior Notes Offering

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

Will Synovus (SNV) Gain on Rising Earnings Estimates?

The mean of analysts' price targets for Synovus (SNV) points to a 26.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Synovus (SNV) Could Rally 27%: Here's is How to Trade

Synovus Financial's (SNV) second-quarter revenues increase year over year. However, a rise in expenses and a fall in fee income hurt.

Synovus' (SNV) Stock Up on Q2 Earnings Beat, Higher NII

Synovus Financial Corp. (NYSE:SNV ) Q2 2022 Earnings Conference Call July 21, 2022 8:30 AM ET Company Participants Cal Evans - Head of Investor Relations Kevin Blair - President and Chief Executive Officer Jamie Gregory - Chief Financial Officer Robert Derrick - Chief Credit Officer Conference Call Participants Jared Shaw - Wells Fargo Securities Kevin Fitzsimmons - D.A. Davidson & Co. Brady Gailey - Keefe, Bruyette, & Woods, Inc. Ebrahim Poonawala - BofA Securities Bradley Milsaps - Piper Sandler Jennifer Demba - Truist Securities Michael Rose - Raymond James Christopher Marinac - Janney Montgomery Scott Operator Good morning, and welcome to the Synovus Second Quarter 2022 Earnings Call.

Synovus Financial Corp. (SNV) CEO Kevin Blair on Q2 2022 Results - Earnings Call Transcript

Synovus (SNV) delivered earnings and revenue surprises of 6.36% and 0.22%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Synovus Financial (SNV) Q2 Earnings and Revenues Surpass Estimates

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2022. "We are pleased with our second quarter results and financial metrics, which reflect the efforts of our team to expand client relationships and attract new business," said Synovus President and CEO Kevin Blair. "Revenues of $523 million, up 7 percent year-over-year, were driven by our fourth consecutive quarter of annualized double-digit loan growth, excludin

Synovus Announces Earnings for the Second Quarter 2022

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: Should You Buy?

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) has appointed John H. Irby and Alexandra Villoch to its board of directors, effective July 1, 2022.

Synovus Announces Two Additions to Board of Directors

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce second quarter 2022 results on Thursday, July 21, 2022. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET. A live audio webcast and slides will be available with the press release and data tables at http://investor.synovus.com/event. A replay will be posted on the company's website approximately one hour after the call ends and will be available wit

Synovus to Announce Second Quarter 2022 Results on July 21, 2022

Synovus' (SNV) top line should continue to benefit from rising loans and deposits. Yet, continued investments in technology keep the bottom line under pressure.

Balance-Sheet Strength Aids Synovus (SNV) Despite High Costs

Higher revenues, driven by rising NII, support Synovus' (SNV) Q1 results. Shrinking NIM, deposits balance and rising expenses are the undermining factors.

Synovus (SNV) Q1 Earnings Beat, Revenues Miss, Stock Down 3.7%

Synovus Bank announced Thursday (April 21) it has agreed to buy a 60% stake in Qualpay, a company whose cloud platform lets merchants and independent software vendors add payment features to software or websites. Synovus is based in Columbus, Georgia, and Qualpay is based in San Mateo, California.

Synovus to Buy 60% of Payments Platform Qualpay

Synovus Financial Corp. (NYSE:SNV ) Q1 2022 Earnings Conference Call April 21, 2022 8:30 AM ET Company Participants Cal Evans - Head of Investor Relations Kevin Blair - President and Chief Executive Officer Jamie Gregory - Chief Financial Officer Bob Derrick - Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Merrill Lynch Jennifer Demba - Truist Securities Steven Alexopoulos - JPMorgan Chase & Co. Brad Milsaps - Piper Sandler Brody Preston - Stephens Inc. Brady Gailey - Keefe, Bruyette & Woods, Inc. Jared Shaw - Wells Fargo Securities LLC Christopher Marinac - Janney Montgomery Scott LLC Kevin Fitzsimmons - D.A. Davidson & Co. Operator Good morning, and welcome to the Synovus First Quarter 2022 Earnings Call.

Synovus Financial Corp. (SNV) CEO Kevin Blair on Q1 2022 Results - Earnings Call Transcript

Synovus (SNV) delivered earnings and revenue surprises of 4.85% and 0.45%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Synovus Financial (SNV) Q1 Earnings Top Estimates

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2022. “Performance during the first quarter reflects strong execution against our profitable growth objectives, evidenced by 11 percent annualized loan growth and adjusted pre-provision net revenue of $213 million, up 9% year-over-year,” said Synovus President and CEO Kevin Blair. “In a rapidly changing landscape that presented new challenges, our team excelled, e

Synovus Announces Earnings for the First Quarter 2022

Associated Banc-Corp

Huntington Bancshares

KeyCorp

SVB Financial Group

Higher loan balance and rise in net interest income are expected to have offered some support to Q1 earnings of KEY, SIVB, HBAN, SNV and ASB. Yet, lower fee income due to a tough operating backdrop is likely to have been a headwind.

Banks' Q1 Earnings Due on Apr 21: KEY, SIVB, HBAN, SNV & ASB

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce first quarter 2022 results on Thursday, April 21, 2022. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET. A live audio webcast and slides will be available with the press release and tables at http://investor.synovus.com/event. A replay will be posted on the company's website approximately one hour after the call ends and will be available with the

Synovus to Announce First Quarter 2022 Results on April 21, 2022

Comerica

East West Bancorp

Signature Bank

The Federal Reserve recently announced a much-anticipated hike in interest rates – a 25-basis-point uptick that's expected to be just the first of several this year. The Fed's hawkishness is largely expected to be a boon for the financial sector, including a wide swath of America's regional bank stocks.

News for Synovus Financial Stock (SNV)