Welcome to our dedicated page for Synovus Financia news (Ticker: SNV), a resource for investors and traders seeking the latest updates and insights on Synovus Financia stock.
Synovus Financial Corp (SNV) delivers commercial and consumer banking services across the Southeastern U.S., specializing in tailored financial products like structured lending and wealth management. This page serves as the definitive source for SNV-related news, offering investors and stakeholders timely updates on corporate developments.
Access curated press releases and articles covering earnings reports, regulatory filings, leadership changes, and strategic initiatives. Track SNV's regional banking operations, financial service innovations, and market positioning through verified updates.
Key content categories include quarterly financial results, merger & acquisition activity, product launches, and industry recognition. Users benefit from consolidated access to operational updates across SNV's wholesale banking, community banking, and wealth management divisions.
Bookmark this page for efficient monitoring of SNV's evolving financial strategies and regional market impact. Check regularly for new developments affecting one of the Southeast's most established banking institutions.
Synovus Financial Corp. (NYSE: SNV) reported strong Q1 2025 financial results with diluted earnings per share of $1.30, up 67% from $0.78 in Q1 2024. Net income available to common shareholders reached $183.7 million, compared to $114.8 million in Q1 2024.
Key highlights include:
- Net interest margin expanded to 3.35%, up 7 basis points from Q4 2024
- Period-end loans increased $39.7 million from Q4 2024
- Core deposits totaled $46.0 billion, declining $223.8 million sequentially
- Average deposit costs decreased 20 basis points to 2.26%
- Provision for credit losses decreased 80% year-over-year to $10.9 million
- Common Equity Tier 1 ratio stood at 10.75%
The bank completed $120 million in common stock repurchases while maintaining strong credit metrics, with non-performing loan ratio improving to 0.67% and net charge-off ratio declining to 0.20%.
Synovus Financial Corp. (NYSE: SNV) has released its 2024 Annual Report, showcasing a year of strong financial performance and strategic growth. CEO Kevin Blair expressed pride in the bank's achievements for clients and communities, noting strong momentum entering 2025.
The company, headquartered in Columbus, Georgia, manages approximately $60 billion in assets and provides comprehensive financial services including commercial and consumer banking, wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus maintains branch operations across five states: Georgia, Alabama, Florida, South Carolina and Tennessee.
Synovus Financial Corp. (NYSE: SNV) has scheduled its first quarter 2025 earnings announcement for April 16, 2025, after market close. The company will host a conference call on April 17, 2025, at 8:30 a.m. ET to discuss the results.
A live audio webcast, listen-only conference call, and presentation deck will be accessible at investor.synovus.com/event. The materials will remain available on the company's website for 12 months following the call.
Synovus is a Columbus, Georgia-based financial services company with $60 billion in assets. The company offers commercial and consumer banking services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking. Synovus maintains branches across Georgia, Alabama, Florida, South Carolina, and Tennessee.
Synovus Bank has secured naming rights to Atlanta's historic Chastain Park Amphitheater, which will now be known as Synovus Bank Amphitheater at Chastain Park. The iconic outdoor venue, established in 1944, features nearly 7,000 seats and has been a cornerstone of Atlanta's music scene, hosting diverse artists from jazz legends to contemporary performers like Noah Kahan, Jill Scott, and Tate McRae.
This represents Synovus Bank's first concert venue naming rights partnership, expanding their community engagement initiatives. As Georgia's largest bank, Synovus already maintains partnerships with various cultural and sports institutions, including the Atlanta Braves' double-A affiliate at Synovus Park in Columbus, Georgia.
Synovus Financial Corp (NYSE: SNV) has announced its quarterly dividend distributions. The company declared a common stock dividend of $0.39 per share, payable on April 1, 2025, to shareholders of record as of March 20, 2025.
Additionally, Synovus announced preferred stock dividends: $0.49693 per share on Series D Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock (payable March 21, 2025) and $0.52481 per share on Series E Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (payable April 1, 2025).
The financial services company, based in Columbus, Georgia, manages approximately $60 billion in assets and operates branches across Georgia, Alabama, Florida, South Carolina and Tennessee, offering commercial and consumer banking services.
Synovus Bank has been awarded 15 Coalition Greenwich Best Bank awards for 2025, recognizing its exceptional performance in U.S. Small Business Banking and Middle Market Banking during 2024. The awards, determined through evaluation of over 500 banks and interviews with thousands of executives, highlight Synovus's excellence in serving businesses with sales ranging from $1-$10 million (small business) and $10-$500 million (middle market).
The bank received eight awards in Small Business Banking, including recognition for Customer Service, Trust, and Product Capabilities in Cash Management. In Middle Market Banking, Synovus earned seven awards, notably for Overall Satisfaction and Long-Term Relationships. Both categories acknowledged the bank's strength in the South region for Relationship Manager satisfaction.
These accolades from Crisil Coalition Greenwich, a global provider of strategic benchmarking and financial services insights, were based on superior weighted-average scores measuring service and product quality.
Synovus has announced a partnership with Carefull to combat financial exploitation and fraud through enhanced account protection services. The initiative comes as fraud losses in the U.S. reached an estimated $158.3 billion in 2023, according to the Federal Trade Commission.
The bank is rolling out Carefull as a complimentary benefit to clients in phases, offering comprehensive monitoring of bank, credit card, and investment accounts for suspicious patterns, fraud indicators, and money mistakes. The service includes identity monitoring, home title protection, credit monitoring, and a secure digital vault for documents and passwords.
A key feature is the Trusted Contacts function, allowing family members to participate in account monitoring, particularly beneficial for older adults who hold 65% of U.S. deposits and are frequent targets of scams. Approximately 75% of Carefull users engage family members in the platform, enhancing fraud detection capabilities while strengthening multigenerational banking relationships.
Synovus Financial Corp. (NYSE: SNV) reported Q4 2024 results with diluted earnings per share of $1.25, up from $0.41 in Q4 2023. Net income available to common shareholders was $178.8 million for Q4 2024. For full-year 2024, net income was $439.6 million ($3.03 per diluted share), compared to $507.8 million ($3.46 per diluted share) in 2023.
Key financial metrics include: net interest income of $1.75 billion in 2024 (down from $1.82 billion in 2023), period-end loans declined 2% to $42.61 billion, while deposits increased 1% to $51.10 billion. The CET1 ratio improved to 10.84%, the highest level in over 10 years. Credit quality remained healthy with net charge-offs at 0.31% of average loans.
The company incurred a $6 million FDIC special assessment in 2024 and recorded a $257 million securities loss in Q2 2024, impacting non-interest revenue which declined 41% year-over-year.
Synovus Financial Corp. (NYSE: SNV) has announced its participation in the 2025 BofA Securities Financial Services Conference in Miami Beach, Florida. Chairman, CEO and President Kevin Blair will engage in a fireside chat on Tuesday, February 11, at 12:10 p.m. ET.
The event will be accessible through a live webcast, with a replay available at investor.synovus.com/events. Synovus, headquartered in Columbus, Georgia, manages approximately $60 billion in assets and offers comprehensive financial services including commercial and consumer banking, wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking.
The company maintains branches across five southeastern states: Georgia, Alabama, Florida, South Carolina, and Tennessee, and has been recognized as a Great Place to Work-Certified Company.
Synovus has appointed Katie Webb as its new chief consumer digital and client experience officer. Webb, who previously served as vice president of digital product and experience at Aflac, brings over 15 years of experience in sales, marketing, and digital transformation. In her new role, she will lead the consumer digital strategy, focusing on enhancing client experience through integration of physical and digital channels.
Reporting to Liz Wolverton, executive vice president and head of consumer banking and brand experience, Webb will be responsible for developing new digital capabilities and innovative experiences to meet the evolving needs of Synovus's growing client base. The appointment aligns with Synovus's strategy of delivering high-touch and high-tech relationship banking services across its operations in Georgia, Alabama, Florida, South Carolina, and Tennessee.
