Synovus Financial (SNV)
(Delayed Data from NYSE)
$45.00 USD
-0.58 (-1.27%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $45.01 +0.01 (0.02%) 7:58 PM ET
3-Hold of 5 3
B Value D Growth A Momentum C VGM
Company Summary
Founded in 1888, Columbus, GA-based Synovus Financial Corp. is a diverse financial services company that conducts its banking operations through Synovus Bank. It provides integrated financial services, including commercial and consumer banking, investment, and mortgage services, to its customers through locally branded divisions of its wholly-owned subsidiary, Synovus Bank, which has 246 branches in Alabama, Florida, Georgia, South Carolina, and Tennessee.
Effective Apr 1, 2023, Synovus’ operating segment reporting structure was updated. At present, it reports through the following four segments:
Wholesale Banking: The segment serves larger corporate and ...
Company Summary
Founded in 1888, Columbus, GA-based Synovus Financial Corp. is a diverse financial services company that conducts its banking operations through Synovus Bank. It provides integrated financial services, including commercial and consumer banking, investment, and mortgage services, to its customers through locally branded divisions of its wholly-owned subsidiary, Synovus Bank, which has 246 branches in Alabama, Florida, Georgia, South Carolina, and Tennessee.
Effective Apr 1, 2023, Synovus’ operating segment reporting structure was updated. At present, it reports through the following four segments:
Wholesale Banking: The segment serves larger corporate and governmental clients by providing commercial lending, deposit, and capital markets services.
Community Banking: The segment primarily serves small and medium-sized commercial clients as well as individual private wealth clients.
Consumer Banking: This segment serves individual and small business clients through its branch and ATM network, in addition to digital and telephone channels.
Financial Management Services: The segment offers mortgage, trust, portfolio management, securities underwriting, distribution, asset management, financial planning, family office services, and individual investment advice.
In September 2023, Synovus sold GLOBALT — its asset management firm — to its management team. This strengthened its balance sheet and simplified its business mix.
In June 2023, Synovus acquired a 60% equity interest in Qualpay -- a cloud-based platform that combines a payment gateway with a robust merchant processing solution.
In May 2019, Synovus acquired FCB Financial Holdings for $2.9 billion.
In September 2017, Synovus acquired Cabela's banking operation.
In October 2016, Synovus acquired Entaire Global Companies for an up-front payment of $30 million.
As of Jun 30, 2024, Synovus had $59.61 billion of assets, $43.09 billion of total loans, $50.19 billion of total deposits and $5.05 billion of shareholders' equity.
General Information
Synovus Financial Corp
1111 BAY AVENUE SUITE 500
COLUMBUS, GA 31901
Phone: 706-641-6500
Fax: 706-641-6555
Email: investorrelations@synovus.com
Industry | Banks - Southeast |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Earnings Date | 10/16/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.10 |
Current Year EPS Consensus Estimate | 4.21 |
Estimated Long-Term EPS Growth Rate | 3.20 |
Earnings Date | 10/16/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 45.58 |
52 Week High | 47.83 |
52 Week Low | 24.40 |
Beta | 1.39 |
20 Day Moving Average | 1,291,917.25 |
Target Price Consensus | 48.66 |
4 Week | -2.41 |
12 Week | 11.97 |
YTD | 19.52 |
4 Week | -3.57 |
12 Week | 7.22 |
YTD | -0.03 |
Shares Outstanding (millions) | 143.97 |
Market Capitalization (millions) | 6,478.75 |
Short Ratio | NA |
Last Split Date | 5/19/2014 |
Dividend Yield | 3.38% |
Annual Dividend | $1.52 |
Payout Ratio | 0.42 |
Change in Payout Ratio | 0.06 |
Last Dividend Payout / Amount | 9/19/2024 / $0.38 |
Fundamental Ratios
P/E (F1) | 10.69 |
Trailing 12 Months | 12.53 |
PEG Ratio | 3.38 |
vs. Previous Year | 0.00% |
vs. Previous Quarter | 46.84% |
vs. Previous Year | -22.84% |
vs. Previous Quarter | -25.42% |
Price/Book | 1.43 |
Price/Cash Flow | 8.97 |
Price / Sales | 1.96 |
6/30/24 | 12.76 |
3/31/24 | 12.93 |
12/31/23 | 14.95 |
6/30/24 | 0.95 |
3/31/24 | 0.94 |
12/31/23 | 1.06 |
6/30/24 | 0.90 |
3/31/24 | 0.89 |
12/31/23 | 0.89 |
6/30/24 | 0.89 |
3/31/24 | 0.89 |
12/31/23 | 0.89 |
6/30/24 | 17.06 |
3/31/24 | 16.05 |
12/31/23 | 18.54 |
6/30/24 | 8.40 |
3/31/24 | 13.29 |
12/31/23 | 15.74 |
6/30/24 | 10.69 |
3/31/24 | 17.04 |
12/31/23 | 20.15 |
6/30/24 | 31.53 |
3/31/24 | 30.76 |
12/31/23 | 31.50 |
6/30/24 | 13.15 |
3/31/24 | 6.20 |
12/31/23 | 3.15 |
6/30/24 | 0.50 |
3/31/24 | 0.45 |
12/31/23 | 0.42 |
6/30/24 | 31.03 |
3/31/24 | 28.72 |
12/31/23 | 27.31 |