Synovus Financia Stock Price, News & Analysis

Synovus Financial Corp. (NYSE: SNV), a Columbus, Georgia-based financial services company with $60 billion in assets, has scheduled its second quarter 2025 earnings announcement for July 16, 2025, after market close. The company will host a conference call on July 17, 2025, at 8:30 a.m. ET. Investors can access the live audio webcast, conference call, and presentation materials through the company's investor relations website. Synovus operates across five states (Georgia, Alabama, Florida, South Carolina, and Tennessee), offering commercial and consumer banking services, including wealth management, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking services.

Synovus (SNV) has announced plans to expand its presence in Florida through strategic hiring of relationship managers in commercial and middle market banking and wealth services. The bank aims to increase its relationship manager hiring by 20-30% across southeastern target growth markets over the next three years. The expansion focuses on high-opportunity markets including Miami, Orlando, Tampa, and other southeastern cities. Four key appointments have been made in Florida: Chuck Fortier and Vytaute Zubavicius as commercial bankers in Winter Park, Oscar Franceschini as wholesale middle market relationship manager in Orlando, and Mimi Savatic as wholesale middle market relationship manager in Miami. This expansion aligns with Synovus's strategy to strengthen its relationship-driven banking approach and enhance its competitive position in key markets.

Synovus (SNV) has announced plans to strengthen its presence in South Carolina and other southeastern markets by increasing its hiring of relationship managers by 20-30% over the next three years. The bank has already added key personnel in Charleston, Greenville, and Spartanburg, including Michael Baker from PNC, Trip LaCoste from Wells Fargo, Ryan Mink from PNC, and Christian Short from Truist. The expansion strategy focuses on high-opportunity markets across the southeast, including major cities in Georgia, Alabama, South Carolina, and Florida. Synovus emphasizes its commitment to relationship-driven banking and plans to leverage existing networks to gain a stronger competitive edge in these markets.

Synovus Bank (SNV) has announced plans to accelerate its growth by expanding its relationship management team, particularly in high-opportunity southeastern markets. The bank aims to increase relationship manager hiring by 20-30% over the next three years across target markets. In Atlanta, three key appointments have been made: Eric Clark from JP Morgan Chase with 20 years of experience, Will Clay from Servis 1st Bank with middle market expertise, and Robert Mann from Bank of America with 25 years of commercial banking experience. The expansion focuses on major southeastern markets including Atlanta, Birmingham, Charleston, Columbia, Greenville, Spartanburg, Miami, Orlando, and Tampa. This strategic growth initiative emphasizes Synovus's commitment to relationship-driven banking and local market expertise.

Synovus Financial Corp. (NYSE: SNV) has declared quarterly dividend payments for its various stock classes. The company will pay $0.39 per share on common stock (payable July 1, 2025), $0.50594 per share on Series D Preferred Stock (payable June 21, 2025), and $0.52481 per share on Series E Preferred Stock (payable July 1, 2025). Synovus, headquartered in Columbus, Georgia, is a financial services company with approximately $60 billion in assets, offering commercial and consumer banking services across five states through its branch network. The company provides specialized services including wealth management, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking.

FHLBank Atlanta and Synovus Bank (SNV) have jointly awarded a $500,000 grant to Georgia Heirs Property Law Center Inc. to address heirs' property issues. This grant is part of FHLBank Atlanta's 2024 Heirs Property Family Wealth Protection Fund, which is distributing $5.9 million to 21 organizations through member banks. The initiative aims to help property owners establish clear wills, estate plans, titles, and deeds. A 2024 Harris Poll survey revealed that while 90% of homeowners expect their home equity to benefit heirs, 43% lack proper estate planning documents. The Georgia Heirs Property Law Center will provide free services to help low- and moderate-income families resolve tangled titles and establish proper legal documentation for building generational wealth.

Synovus Financial Corp. (NYSE: SNV) reported strong Q1 2025 financial results with diluted earnings per share of $1.30, up 67% from $0.78 in Q1 2024. Net income available to common shareholders reached $183.7 million, compared to $114.8 million in Q1 2024.

Key highlights include:

• Net interest margin expanded to 3.35%, up 7 basis points from Q4 2024
• Period-end loans increased $39.7 million from Q4 2024
• Core deposits totaled $46.0 billion, declining $223.8 million sequentially
• Average deposit costs decreased 20 basis points to 2.26%
• Provision for credit losses decreased 80% year-over-year to $10.9 million
• Common Equity Tier 1 ratio stood at 10.75%

The bank completed $120 million in common stock repurchases while maintaining strong credit metrics, with non-performing loan ratio improving to 0.67% and net charge-off ratio declining to 0.20%.

Synovus Financial Corp. (NYSE: SNV) has released its 2024 Annual Report, showcasing a year of strong financial performance and strategic growth. CEO Kevin Blair expressed pride in the bank's achievements for clients and communities, noting strong momentum entering 2025.

The company, headquartered in Columbus, Georgia, manages approximately $60 billion in assets and provides comprehensive financial services including commercial and consumer banking, wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus maintains branch operations across five states: Georgia, Alabama, Florida, South Carolina and Tennessee.

Synovus Financial Corp. (NYSE: SNV) has scheduled its first quarter 2025 earnings announcement for April 16, 2025, after market close. The company will host a conference call on April 17, 2025, at 8:30 a.m. ET to discuss the results.

A live audio webcast, listen-only conference call, and presentation deck will be accessible at investor.synovus.com/event. The materials will remain available on the company's website for 12 months following the call.

Synovus is a Columbus, Georgia-based financial services company with $60 billion in assets. The company offers commercial and consumer banking services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking. Synovus maintains branches across Georgia, Alabama, Florida, South Carolina, and Tennessee.