Synovus Financia Stock Price, News & Analysis

Synovus Bank has announced significant leadership additions to its corporate & investment banking (CIB) division to enhance client relationships and industry expertise. Key hires include Alan Grantham and Max Thompson, both bringing extensive experience from top financial institutions. Grantham oversees debt capital markets, while Thompson focuses on healthcare services. The strategic growth plan aims to strengthen financing and advisory capabilities, reflecting Synovus' commitment to delivering tailored financial solutions.

Synovus Financial Corp. (NYSE: SNV) will announce its third quarter 2022 results on October 20, 2022, at 8:30 a.m. ET. An earnings press release will be published prior to the conference call. Stakeholders can access a live audio webcast and presentation slides via investor.synovus.com/event. The company, based in Columbus, Georgia, manages approximately $57 billion in assets and offers various banking services across several states.

The board of directors of Synovus Financial Corp. (NYSE: SNV) has announced quarterly dividends for its common stock and preferred stocks. A dividend of $0.34 per share will be paid on Oct. 3, 2022, to shareholders on record as of Sept. 15, 2022. Additionally, the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, will pay $0.39375 per share on Sept. 21, 2022 and the Series E will pay $0.3671875 per share on Oct. 3, 2022.

Synovus Financial Corp. (NYSE: SNV) announced the pricing of a public offering of $350 million in senior notes due 2025, with an interest rate of 5.200%. The offering is set to close on August 11, 2022, pending customary conditions. Net proceeds will be utilized for general corporate purposes, including debt repayment. The offering is being managed by Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, among others. This offering follows an effective registration statement under the Securities Act of 1933.

Synovus Financial Corp. (NYSE: SNV) has announced an underwritten public offering of senior notes due 2025, with net proceeds intended for general corporate purposes, possibly including debt repayment. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC will be the joint book-running managers for this offering. The offering is made under an effective registration statement, and interested investors can access the relevant prospectus and documents filed with the SEC.

Synovus has appointed Shellie Creson as the new Chief Risk Officer, succeeding Mark Holladay who retired in March 2022. Creson, who will report to CEO Kevin Blair, aims to enhance the company's corporate risk management strategy. Previously, she held key roles at Fifth Third Bank, Regions Bank, and First Horizon Bank. With a strong background in risk management and audit, Creson is expected to modernize Synovus's risk capabilities. Synovus operates with approximately $57 billion in assets and a significant presence across the Southeast.

Synovus Financial Corp. (NYSE: SNV) reported a diluted EPS of $1.16 for Q2 2022, a slight decrease from $1.19 in Q2 2021. Revenue rose to $523 million, a 7% year-over-year increase, driven by robust loan growth and improved margins. Loans increased by $1.04 billion sequentially, with non-performing loans at historically low levels. Despite an uncertain economic outlook, the company remains focused on growth and client relationships. Total deposits reached $49.03 billion, reflecting seasonal trends and rate-driven outflows.

Synovus Financial Corp (NYSE: SNV) has appointed John H. Irby and Alexandra Villoch to its board of directors, effective July 1, 2022. Irby brings over 30 years of legal and commercial real estate expertise, while Villoch leads philanthropic efforts at Baptist Health Foundation and has a strong background in media. Both directors are recognized for their commitment to community service and possess diverse skills which are expected to enhance Synovus' strategic direction.

Synovus Financial Corp. (NYSE: SNV) will announce its second quarter 2022 results on July 21, 2022. The earnings press release will precede the earnings conference call at 8:30 a.m. ET. Investors can access a live audio webcast and slides through the company's investor relations website, with a replay available for 12 months post-call. Synovus, headquartered in Columbus, Georgia, manages approximately $56 billion in assets and provides a variety of banking and financial services across several southeastern states.