STOCK TITAN
  1. Home
  2. News
  3. SNV

Synovus Financial Corp. - SNV STOCK NEWS

Welcome to our dedicated page for Synovus Financial news (Ticker: SNV), a resource for investors and traders seeking the latest updates and insights on Synovus Financial stock.

Synovus Financial Corp. (SNV) is a prominent financial services company headquartered in Columbus, Georgia, with approximately $28 billion in assets. Synovus provides a comprehensive array of financial products and services, including commercial and retail banking, investment, and mortgage services. It operates through 28 locally-branded divisions, 258 branches, and 341 ATMs across five states: Georgia, Alabama, South Carolina, Florida, and Tennessee.

Through its wholly-owned subsidiary, Synovus Bank, the company delivers a diverse range of specialized services such as private banking, treasury management, wealth management, premium finance, asset-based lending, structured lending, capital markets, and international banking. Synovus's primary business segments include Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, with the majority of its revenue generated from the Wholesale Banking segment.

Synovus Bank has been recognized for its reputation, being named one of America's most reputable banks by American Banker and the Reputation Institute in 2015. The company's commitment to customer service and community involvement is evident through its extensive network and personalized banking solutions.

Stay updated with the latest news and developments about Synovus Financial Corp. on their official website at synovus.com and follow them on Twitter @synovus.

News

Synovus announces earnings for the first quarter 2024

Rhea-AI Summary
Synovus Financial Corp. (NYSE: SNV) reported first quarter 2024 earnings with diluted earnings per share of $0.78 vs. $1.32 in 1Q23. Adjusted diluted earnings per share were $0.79 vs. $1.33 in 1Q23. The $12.8 million FDIC Special Assessment reduced 1Q24 reported and adjusted EPS by $0.07. Net income available to common shareholders was $114.8 million, showing progress in key areas like commercial loan growth, core deposit growth, and expense control.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.43%
Tags
earnings
-
News

Synovus Financial Corp. releases 2023 Annual Report

Rhea-AI Summary
Synovus Financial Corp. (SNV) has released its 2023 Annual Report, showcasing progress on strategic priorities, investments, and client-centric approach. CEO Kevin Blair emphasizes commitment to clients amidst challenges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
none
-
News

Synovus introduces Accelerate Pay for business payments

Rhea-AI Summary
Synovus launches AccelerateTM Pay, a new payment solution for commercial banking clients, offering various payment types while reducing check usage. Clients can choose payment methods, including checks and e-checks. The solution simplifies business-to-business payments, integrates with existing systems, and provides fraud mitigation. Synovus partners with Echo Health Inc. and DPX Payments for this offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
none
News

Synovus to announce first quarter 2024 earnings results

Rhea-AI Summary
Synovus Financial Corp. (SNV) will announce its first quarter 2024 earnings results, with a conference call scheduled for April 18, 2024. The company, based in Columbus, Georgia, has around $60 billion in assets, offering a range of financial services across multiple states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
earnings
-
News

Synovus Names Chief Third-Party Payments Officer, Maast CEO

Rhea-AI Summary
Synovus Bank appoints Jonathan O'Connor as chief third-party payments officer and CEO of Maast to drive growth and expand banking-as-a-service solutions. O'Connor's extensive fintech experience will enhance Synovus' position in the payments industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.22%
Tags
none
-
News

Synovus Announces Quarterly Dividends

Rhea-AI Summary
Synovus Financial Corp. (NYSE: SNV) declares quarterly dividends for its common stock and preferred stocks. The company offers financial services with $60 billion in assets, including banking, wealth management, and international services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.22%
Tags
dividends
News

Synovus wins 25 Greenwich Excellence and Best Brand Awards

Rhea-AI Summary
Synovus Bank wins 25 awards from Coalition Greenwich for exceptional service to small business and middle market clients in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
none
-
News

Synovus to participate at BofA Securities Financial Services Conference

Rhea-AI Summary
Synovus Financial Corp. (SNV) CEO Kevin Blair to participate in fireside chat at BofA Securities Financial Services Conference. Synovus is a financial services company with $60 billion in assets, providing commercial and consumer banking, private banking, wealth management, and more.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.37%
Tags
conferences
-
News

Synovus announces earnings for the fourth quarter 2023

Rhea-AI Summary
Synovus Financial Corp. (NYSE: SNV) reported financial results for the quarter and year ended Dec. 31, 2023. The net income available to common shareholders for 2023 was $507.8 million, or $3.46 per diluted share, compared to $724.7 million, or $4.95 per diluted share in 2022. Adjusted EPS for 2023 was $4.12 per diluted share compared to $4.93 per diluted share in 2022. The $51 million FDIC special assessment incurred during the fourth quarter 2023 reduced reported and adjusted EPS by $0.26. The preliminary year-end CET1 ratio increased 59 basis points year over year to 10.22%. Synovus sold $422 million in third-party consumer loans and $1.2 billion in medical office building loans with the proceeds used to pay down wholesale borrowings. Period-end loans declined $311.9 million, or 1%, in 2023 as commercial and industrial growth was more than offset by declines in commercial real estate and consumer loans. Period-end deposits increased $1.87 billion, or 4%, primarily driven by growth in time deposits and interest-bearing demand deposits, partially offset by a decline in non-interest-bearing deposits. Non-interest expense was $1.34 billion, up 15%, and adjusted non-interest expense increased 9% year over year in 2023 to $1.26 billion, but was significantly impacted by the $51 million FDIC special assessment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.62%
Tags
earnings
News

Synovus to announce fourth quarter 2023 earnings results

Rhea-AI Summary
Synovus Financial Corp. (NYSE: SNV) will release its fourth quarter 2023 earnings results on Wednesday, Jan. 17, 2024, and hold a conference call on Thursday, Jan. 18. The company, based in Columbus, Georgia, has approximately $59 billion in assets and offers a wide range of financial services, including commercial and consumer banking, private banking, wealth management, and international banking.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.04%
Tags
earnings

FAQ

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

The current stock price of Synovus Financial (SNV) is $56 as of December 3, 2024.

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

The market cap of Synovus Financial (SNV) is approximately 8.0B.

What services does Synovus Financial Corp. offer?

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

Where is Synovus Financial Corp. headquartered?

Synovus Financial Corp. is headquartered in Columbus, Georgia.

How many branches does Synovus have?

Synovus operates 258 branches and 341 ATMs across Georgia, Alabama, South Carolina, Florida, and Tennessee.

What is the main segment of Synovus's business?

The majority of Synovus's revenue comes from its Wholesale Banking segment.

Has Synovus Bank received any notable recognition?

Yes, Synovus Bank was named one of America's most reputable banks by American Banker and the Reputation Institute in 2015.

How can I stay updated with Synovus Financial Corp. news?

You can visit their official website at synovus.com and follow them on Twitter @synovus.

In which states does Synovus operate?

Synovus operates in Georgia, Alabama, South Carolina, Florida, and Tennessee.

What is the asset size of Synovus Financial Corp.?

Synovus Financial Corp. has approximately $28 billion in assets.

Does Synovus offer international banking services?

Yes, Synovus provides international banking services among its specialized financial products.

What types of lending services does Synovus provide?

Synovus offers asset-based lending, structured lending, and premium finance services.

Stock SNV logo
Synovus Financial Corp.

NYSE:SNV

SNV Rankings

#1006 Ranked by Market Cap
#1122 Ranked by Dividends

SNV Stock Data

8.03B
140.76M
1.3%
87.28%
2.48%
Banks - Regional
National Commercial Banks
Link
United States of America
COLUMBUS