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

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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 Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2021. First Quarter 2021 Highlights Net income available to common shareholders of $178.8 million or $1.19 per diluted share, up $0.23 sequentially and $0.99 compared to prior year. Adjusted diluted EPS of $1.21, up $0.13 sequentially and $1.00 compared to prior year. Period-end loans increased $552.1 million or 1% sequentially. Paycheck Protection Program (PPP) l

Synovus Announces Earnings for the First Quarter 2021

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

Is a Surprise Coming for Synovus (SNV) This Earnings Season?

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RF vs. SNV: Which Stock Should Value Investors Buy Now?

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce first quarter 2021 results on Tuesday, April 20, 2021. 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 2021 Results on April 20, 2021

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Dividend increases from long-time growth companies were, for the most part, as I expected. Williams-Sonoma surprised with an 11% boost. Three companies expected to announce increases instead held their payout steady.

Johnson & Johnson, Costco Among 11 Companies To Reward Investors With Dividend Boosts In April

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Banks are likely to benefit as Fed offers upbeat GDP growth projections. Let's check M&T Bank (MTB), East West Bancorp (EWBC), Synovus (SNV), Webster (WBS) & Western Alliance (WAL) as these are likely to witness solid earnings growth this year.

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Synovus Financial (SNV) stock remains well poised for growth, aided by its sound liquidity position, rising loans as well as a lucrative mergers and acquisition spree.

Loan Growth and Acquisitions Support Synovus Financial (SNV)

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COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE:SNV) President and COO Kevin Blair will deliver a presentation at the Raymond James Virtual Institutional Investors Conference on Tuesday, March 2, 2021, at 1:20 p.m. ET. A live webcast will be available at: https://kvgo.com/rjinstitutionalinvestors/synovus-financial-march-2021 The webcast and replay will also be available at Synovus' Investor Relations website: http://investor.synovus.com/Event. Synovus Financial Corp. is a financia

Synovus to Present at the Raymond James Virtual Institutional Investors Conference on March 2

Synovus had a pretty typical fourth quarter, with a mid-single-digit beat on the pre-provision profit line and a bigger beat on provisioning expense. Charge-offs are still very likely to increase from here before peaking in '21, but the base-case scenarios for credit quality have improved dramatically over the last six months.

Synovus Has Answered Its Skeptics, But The Story Isn't Over

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It will be prudent to invest in bank stocks with a favorable Zacks Rank that have strong growth potential for 2021. These are: GS, KEY, CMA, BPOP, SNV and EWBC.

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The bank, which is already expected to perform well, recently announced additional efforts on its Synovus Forward initiative that will likely make the bank more profitable long term.

New Efficiency Initiatives Make Synovus Financial a Compelling Play

Synovus' (SNV) Q4 results highlight elevated fee income and lower provisions, partly muted by lower net interest income and higher expenses.

Synovus' (SNV) Q4 Earnings Top Estimates on Solid Fee Income

Synovus Financial Corp. (SNV) CEO Kessel Stelling on Q4 2020 Results - Earnings Call Transcript

Synovus (SNV) delivered earnings and revenue surprises of 31.71% and 3.88%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Synovus Financial (SNV) Beats Q4 Earnings and Revenue Estimates

Shares of Synovus Finl (NYSE:SNV) fell 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 14.89% over the past year to $1.08, which beat the estimate of $0.80.

Recap: Synovus Financial Q4 Earnings

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2020. 2020 Highlights Net income available to common shareholders for 2020 was $340.5 million or $2.30 per diluted share as compared to $540.9 million or $3.47 per diluted share for 2019. Adjusted earnings per diluted share for 2020 were $2.41 as compared to $3.90 for 2019, a decrease of 38%. CET1 ratio increased 72 basis points to 9.67%; total risk-ba

Synovus Announces Earnings for the Fourth Quarter 2020

Synovus Financial (NYSE:SNV) releases its next round of earnings this Tuesday, January 26. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report.

Earnings Outlook for Synovus Financial

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Banks' Q4 earnings are expected to have gotten support from lower provisions and solid fee income. Let's check how performance of Synovus (SNV), UMB Financial (UMBF), Pacific Premier (PPBI) & Simmons First (SFNC) might have been.

Bank Stocks Q4 Earnings Due on Jan 26: SNV, UMBF, PPBI, SFNC

The loan portfolio will likely receive a boost from the recent government stimulus and the new digital banking platform. Branch closures will likely cut non-interest expenses. However, the closures are also likely to constrain loan growth.

Synovus Financial: Initiatives To Drive Earnings

This bank is operating in great markets and conducting a big initiative that should really improve efficiency.

This Bank Stock Is Ready to Break Out in 2021

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce fourth quarter 2020 results on Tuesday, January 26, 2021. 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 t

Synovus to Announce Fourth Quarter 2020 Results on January 26, 2021

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Improving lending scenarios and restoration of normal activities in 2021, with the help of coronavirus vaccines rollout, will likely help banks like JPMorgan (JPM), Bank of Hawaii (BOH), Bank OZK (OZK), UMB Financial (UMBF) and Synovus (SNV) witness a rebound.

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News for Synovus Financial Stock (SNV)