STOCK TITAN

Synovus Financia - SNV STOCK NEWS

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.

Overview of Synovus Financial Corp.

Synovus Financial Corp. (NYSE: SNV) is a prominent regional financial services company headquartered in Columbus, Georgia. With a strong presence across the Southeastern United States, Synovus operates through a network of approximately 258 branches and 341 ATMs, offering a comprehensive suite of financial products and services to both commercial and retail customers. Its operations span five states—Georgia, Alabama, South Carolina, Florida, and Tennessee—positioning it as a key player in the regional banking landscape.

Core Business Segments

Synovus structures its operations into four primary segments, each catering to distinct customer needs:

  • Wholesale Banking: This segment is a major revenue driver for Synovus, offering specialized financial solutions such as asset-based lending, structured lending, capital markets services, and treasury management. It primarily serves mid-sized to large businesses, providing tailored financial products to address complex business needs.
  • Community Banking: Focused on fostering strong local relationships, this segment provides traditional banking services, including deposit accounts, small business loans, and community-focused financial solutions. Synovus leverages its locally branded divisions to maintain a community-centered approach.
  • Consumer Banking: Catering to individual customers, this segment offers a wide range of retail banking services, including checking and savings accounts, personal loans, credit cards, and mortgage solutions. Synovus emphasizes convenience through digital banking platforms and a robust branch network.
  • Financial Management Services: This segment encompasses wealth management, private banking, and investment advisory services. Synovus provides personalized financial planning and asset management solutions to high-net-worth individuals and families.

Comprehensive Financial Solutions

Beyond its core banking services, Synovus offers a diverse array of specialized financial products. These include private banking, premium finance, international banking, and treasury management services. The company’s ability to cater to both business and individual clients with tailored solutions underscores its versatility and customer-centric approach.

Regional Focus and Differentiation

Synovus differentiates itself through its deep roots in the Southeastern U.S. and its commitment to localized branding. Operating through 28 locally branded divisions, the company maintains strong community ties while benefiting from the scale and resources of a larger financial institution. This dual approach enables Synovus to compete effectively with both national banks and smaller community banks.

Competitive Landscape

In the highly competitive financial services industry, Synovus faces challenges from larger national banks with extensive resources and smaller community banks with hyper-localized focus. However, its diversified service offerings, regional expertise, and segmented approach provide a competitive edge. By balancing traditional banking services with specialized financial solutions, Synovus addresses a wide range of customer needs, from everyday banking to complex financial planning.

Operational Strengths

Synovus’s operational strengths lie in its ability to integrate its various business segments, creating synergies that enhance customer value. Its focus on technology-driven solutions, such as digital banking platforms, complements its physical branch network, ensuring accessibility and convenience for customers. Additionally, its emphasis on personalized service and community engagement reinforces its reputation as a trusted financial partner.

Conclusion

Synovus Financial Corp. stands out as a versatile and customer-focused financial institution with a strong regional presence. By combining traditional banking services with specialized financial solutions, it effectively serves the diverse needs of businesses and individuals across the Southeastern United States. Its segmented approach, commitment to community engagement, and focus on operational excellence position it as a significant player in the regional banking industry.

Rhea-AI Summary

Synovus has partnered with Visa to launch a mobile virtual commercial credit card solution, enabling businesses to generate and issue virtual Visa cards instantly through a mobile app. This collaboration aims to enhance cash flow management and provide clients with control over corporate spending through specific card settings for employees and vendors. Key benefits include increased visibility on expenses, improved security with unique one-time account numbers, and reduced reimbursement times for businesses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
Tags
none
-
Rhea-AI Summary

Synovus Financial Corp. (NYSE: SNV) will announce its fourth quarter 2021 results on January 20, 2022. An earnings press release will precede the 8:30 a.m. ET conference call. Investors can access a live audio webcast and slides online, with a replay available for 12 months post-call. Synovus, based in Columbus, Georgia, manages approximately $56 billion in assets and offers a range of financial services through its 281 branches across the Southeastern U.S.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
none
-
Rhea-AI Summary

Synovus has established the Here Matters Community Fund, a $4 million charitable fund aimed at enhancing community investments across its five-state Southeastern footprint. The fund focuses on affordable housing, financial education, and economic development for low-to-moderate income communities. Synovus’ president, Kevin Blair, emphasized the bank's commitment to supporting lasting community change. In 2021, Synovus donated over $3 million to over 500 organizations, with further corporate donation announcements expected in early 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.16%
Tags
none
Rhea-AI Summary

Synovus Financial Corp. (NYSE: SNV) has announced its 2022 Investor Day event, scheduled for February 8, 2022, from 8 a.m. to 12 p.m. ET. The event will feature presentations from President and CEO Kevin Blair, CFO Jamie Gregory, and other executives, focusing on the company’s strategic plans. It will be held at Synovus' corporate office in Atlanta and will also be accessible via a live webcast. Registration is required, and a recording will be available post-event. Synovus manages approximately $56 billion in assets across 281 branches.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
conferences
-
Rhea-AI Summary

Synovus has launched a dedicated restaurant finance team aimed at supporting restaurants in their growth strategies. This team, part of Synovus' wholesale banking division in Atlanta, offers tailored financial solutions including acquisition financing, credit facilities, and treasury management. Led by industry veterans Scott Tocci, Kelly Nyquist, and Jay Sim, the team is positioned to create value for both Synovus and the restaurant sector, recognizing its significant role in economic development across its operational states.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
none
-
News
Rhea-AI Summary

Synovus Financial Corp. (NYSE: SNV) has declared its quarterly dividends. Shareholders will receive $0.33 per share on common stock, payable on January 3, 2022, to those on record by December 16, 2021. Additionally, a dividend of $0.39375 per share for Series D Preferred Stock will be paid on December 21, 2021, for shareholders of record as of December 15, 2021. Series E Preferred Stock shareholders will receive $0.3671875 per share on January 3, 2022, also to record holders by December 15, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
Tags
dividends
Rhea-AI Summary

Synovus Bank has appointed Liz Wolverton as head of consumer banking and brand experience, overseeing marketing, digital, and customer functions. Additionally, Susan Pitts has been named COO of the new consumer banking segment, focusing on retail network and client relationship growth. These leadership changes reflect Synovus' strategy to adapt to the evolving retail banking landscape, which is characterized by fewer branches and increased digital use.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.9%
Tags
none
-
Rhea-AI Summary

Synovus Bank has appointed Tom Dierdorff as the new Head of Corporate & Investment Banking (CIB), effective November 29. Dierdorff brings over 25 years of experience in financial services, previously holding positions at Regions Bank and SunTrust Robinson Humphrey. His leadership is expected to drive growth and expansion of Synovus' CIB division, which will focus on delivering tailored banking and capital markets solutions to complex public and private companies. Synovus plans to hire additional talent to enhance its CIB capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
none
-
Rhea-AI Summary

Synovus Financial Corp. (NYSE: SNV) will present at the Goldman Sachs 2021 US Financial Services Conference on December 7, 2021, at 4:20 p.m. ET. President and CEO Kevin Blair and CFO Jamie Gregory will be featured speakers. Investors can access a live webcast and replay through their Investor Relations website.

Based in Columbus, Georgia, Synovus has approximately $56 billion in assets and operates 283 branches across multiple states, offering a full range of banking services.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
conferences
Rhea-AI Summary

Synovus Financial Corp. (NYSE: SNV) will present at the BofA Banking and Financials Conference on November 9, 2021, at 10:30 a.m. ET. President and CEO Kevin Blair and CFO Jamie Gregory will be featured speakers. A live webcast will be accessible via both the conference link and Synovus’ Investor Relations website, where the replay will also be available. Synovus, headquartered in Columbus, Georgia, has about $56 billion in assets and operates 283 branches across the Southeastern U.S.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
conferences

FAQ

What is the current stock price of Synovus Financia (SNV)?

The current stock price of Synovus Financia (SNV) is $46.82 as of March 6, 2025.

What is the market cap of Synovus Financia (SNV)?

The market cap of Synovus Financia (SNV) is approximately 6.8B.

What services does Synovus Financial Corp. provide?

Synovus offers commercial and retail banking, wealth management, mortgage services, private banking, treasury management, and more.

Where does Synovus Financial Corp. operate?

Synovus operates in five states: Georgia, Alabama, South Carolina, Florida, and Tennessee, with a strong regional focus.

What is Synovus’s primary revenue driver?

The Wholesale Banking segment, which includes services like asset-based lending, structured lending, and treasury management, is a key revenue driver.

How does Synovus differentiate itself from competitors?

Synovus combines localized branding and community engagement with the scale and resources of a larger institution, offering both traditional and specialized financial services.

What types of clients does Synovus serve?

Synovus serves a diverse client base, including businesses of all sizes, individual consumers, and high-net-worth individuals seeking wealth management services.

What is Synovus’s approach to community banking?

Synovus emphasizes localized branding and community-focused services through its 28 locally branded divisions and extensive branch network.

What digital banking solutions does Synovus offer?

Synovus provides robust digital banking platforms for both individual and business customers, ensuring convenience and accessibility.

What is the role of the Financial Management Services segment at Synovus?

This segment offers wealth management, private banking, and investment advisory services, catering to high-net-worth individuals and families.
Synovus Financia

NYSE:SNV

SNV Rankings

SNV Stock Data

6.82B
139.79M
0.58%
87.2%
1.97%
Banks - Regional
National Commercial Banks
Link
United States
COLUMBUS