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 Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended September 30, 2021. Third Quarter 2021 Highlights Net income available to common shareholders of $178.5 million or $1.21 per diluted share, up $0.02 sequentially and up $0.65 compared to prior year. Adjusted diluted EPS of $1.20, unchanged sequentially and up $0.31 compared to prior year. Period-end loans increased $105.0 million sequentially, or $922.7 million excluding Pa

Synovus Announces Earnings for the Third Quarter 2021

The line utilization is showing signs of stabilizing, setting the stage for positive core growth and momentum into the end of the year. Revenue trends also look to be improving, which is supportive of near-term profitability improvement.

Synovus: Improving Operations At A Compelling Valuation

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce third quarter 2021 results on Tuesday, October 19, 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 th

Synovus to Announce Third Quarter 2021 Results on October 19, 2021

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today announced the appointment of Meredith Forrester as executive vice president and chief audit executive, effective September 8. She was most recently business, strategy and operations leader at Truist, following more than 15 years of leadership in risk management and audit at SunTrust. Forrester succeeds Steve Sawyer, who will retire after 41 years of service, including 18 years as chief executive auditor. “Meredith is a hi

Meredith Forrester to Join Synovus as New Chief Audit Executive

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

Synovus (SNV) Up 0.9% Since Last Earnings Report: Can It Continue?

Synovus' (SNV) Q2 earnings reflect solid revenues and improved deposits despite a low-rate economy that hurt margins.

Synovus (SNV) Q2 Earnings Beat Estimates, Provisions Fall

Synovus Financial Corp. (SNV) CEO Kevin Blair on Q2 2021 Results - Earnings Call Transcript

Synovus (SNV) delivered earnings and revenue surprises of 16.50% and 0.98%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Synovus Financial (SNV) Beats Q2 Earnings and Revenue Estimates

Shares of Synovus Finl (NYSE:SNV) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 421.74% year over year to $1.20, which beat the estimate of $1.04.

Recap: Synovus Finl Q2 Earnings

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2021. Second Quarter 2021 Highlights Net income available to common shareholders of $177.9 million or $1.19 per diluted share, unchanged sequentially and up $0.62 compared to prior year. Adjusted diluted EPS of $1.20, down $0.01 sequentially and up $0.97 compared to prior year. Period-end loans decreased $569.1 million or 1% sequentially. Paycheck Protection Progra

Synovus Announces Earnings for the Second Quarter 2021

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

Why Earnings Season Could Be Great for Synovus (SNV)

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

Synovus' (SNV) focus on strategic opportunities and continued organic growth are encouraging. Yet, rising costs might deter bottom-line growth.

Synovus (SNV) Benefits From Acquisitions, Costs Increase

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COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp (NYSE: SNV) today announced the appointment of Sharon Goodwine as executive vice president and chief human resources officer (CHRO), effective May 17. She was previously head of enterprise talent, executive vice president, at Wells Fargo, where she held a range of HR-related positions for more than 20 years. Goodwine succeeds Debra Stanford, who has served as acting CHRO since December 2019. “As a growth-focused relationship bank, we couldn

Sharon Goodwine Named Chief Human Resources Officer of Synovus

Synovus (SNV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Synovus (SNV) Upgraded to Strong Buy: Here's What You Should Know

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Synovus' (SNV) Q1 results highlight elevated fee income and lower provisions, partly muted by lower net interest income.

Synovus (SNV) Q1 Earnings Top Estimates on Fee Income Growth

Synovus Financial Corp. (SNV) CEO Kessel Stelling on Q1 2021 Results - Earnings Call Transcript

Synovus (SNV) delivered earnings and revenue surprises of 30.11% and 0.66%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Synovus Financial Stock (SNV)