Synovus Financia Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

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.

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.

Synovus Financial Corp. (NYSE: SNV) reported a strong third quarter of 2021 with net income of $178.5 million, translating to $1.21 per diluted share, marking a 116% year-over-year increase. Adjusted diluted EPS remained stable at $1.20. Total loans grew by $105 million, while core transaction deposits increased by $1.03 billion. Net interest income reached $384.9 million, driven by lower deposit costs. Positive credit quality metrics were noted, with a 0.22% net charge-off ratio. Synovus aims to achieve a $175 million pre-tax run rate benefit by the end of 2022 through efficiency initiatives.