Synovus Financial Corp. - SNV STOCK NEWS

Synovus Bank has appointed Jody Patton as CEO of its Northeast Georgia Division, effective July 1. Patton, who has nearly 30 years of banking experience, succeeds Bill Douglas, who will retire after 36 years with the company. Douglas will remain as chairman of the Northeast Georgia Division Advisory Board. Synovus Bank, a Georgia-chartered and FDIC-insured institution operating 285 branches, focuses on commercial and retail banking, investment, and mortgage services.

Synovus Financial Corp (NYSE: SNV) has appointed Sharon Goodwine as executive vice president and chief human resources officer, effective May 17. Goodwine, who previously served at Wells Fargo, will take over from Debra Stanford, the interim CHRO since December 2019. With over two decades of HR experience, Goodwine is expected to enhance Synovus' HR functions. Additionally, Jennifer Upshaw has been appointed as chief of staff to CEO Kevin Blair. Synovus, based in Columbus, Georgia, has approximately $55 billion in assets and operates 285 branches across five states.

Synovus Financial Corp. (NYSE: SNV) reported strong financial results for Q1 2021, with net income of $178.8 million, or $1.19 per diluted share, reflecting a sequential increase of $0.23. Adjusted EPS rose to $1.21, up $0.13 from the previous quarter. Total loans grew by $552.1 million sequentially, while core transaction deposits surged by $2.05 billion, a 6% increase. The company's CET1 ratio improved to 9.74%, and non-interest expenses fell by $35.4 million. However, net interest income declined by $12.1 million due to asset repricing and lower day counts.

Synovus Financial Corp. (NYSE: SNV) will reveal its first quarter 2021 results on April 20, 2021. The earnings press release will be shared prior to the earnings conference call at 8:30 a.m. ET. A live audio webcast, along with accompanying slides, will be accessible online. Synovus, based in Columbus, Georgia, manages approximately $54 billion in assets and offers a range of financial services across 288 branches in five states. The company has been recognized by American Banker as one of the "Most Reputable Banks" in the U.S.

The Board of Directors of Synovus Financial Corp (NYSE: SNV) has announced quarterly dividends totaling three different amounts. Common stock will receive $0.33 per share, payable on April 1, 2021, to shareholders of record as of March 18, 2021. Additionally, Series D preferred shareholders will receive $0.39375 per share, payable on March 22, 2021, and Series E preferred shareholders will receive $0.3671875 per share, payable on April 1, 2021. Synovus, based in Columbus, Georgia, boasts approximately $54 billion in assets and operates 288 branches across five states.

Synovus Financial Corp. (NYSE:SNV) President and COO Kevin Blair will present at the Raymond James Virtual Institutional Investors Conference on March 2, 2021, at 1:20 p.m. ET. A live webcast will be accessible at this link. Additionally, the archived webcast will be available on Synovus’ Investor Relations website. Based in Columbus, Georgia, Synovus has approximately $54 billion in assets and provides various banking services across five states.

Synovus Financial Corp. (SNV) reported its 2020 financial results, with net income of $340.5 million ($2.30 per diluted share), down from $540.9 million ($3.47 per share) in 2019. Adjusted earnings per share decreased by 38% to $2.41. The CET1 ratio increased to 9.67%, while the allowance for credit losses rose by $370.7 million. The fourth quarter saw net income of $142.1 million ($0.96 per share), a significant increase from $83.3 million in Q3 2020. Strong deposit growth of 5% sequentially and a reduction in non-interest expenses were highlighted. A CEO transition is set for April 2021.

Synovus Financial Corp (NYSE: SNV) is set to announce its fourth quarter 2020 results on January 26, 2021. The earnings press release will precede the earnings conference call at 8:30 a.m. ET. A live audio webcast and slides will be provided along with the press release. Investors can access a replay of the conference approximately one hour post-call, available for 12 months. Synovus, headquartered in Columbus, Georgia, boasts $53 billion in assets and operates 289 branches across multiple states.

Synovus announces a leadership transition with Kessel Stelling becoming executive chairman on April 21, 2021, coinciding with the annual shareholders meeting. Kevin Blair, currently president and COO, will succeed Stelling as CEO on the same date and join the Synovus Board. Stelling will serve as executive chairman until January 1, 2023, before moving to an advisory role until January 1, 2025. The board highlights the smooth succession plan to maintain stability for stakeholders, emphasizing Blair's leadership skills and commitment to the company's culture.