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.
Synovus Financial Corp (SNV) delivers commercial and consumer banking services across the Southeastern U.S., specializing in tailored financial products like structured lending and wealth management. This page serves as the definitive source for SNV-related news, offering investors and stakeholders timely updates on corporate developments.
Access curated press releases and articles covering earnings reports, regulatory filings, leadership changes, and strategic initiatives. Track SNV's regional banking operations, financial service innovations, and market positioning through verified updates.
Key content categories include quarterly financial results, merger & acquisition activity, product launches, and industry recognition. Users benefit from consolidated access to operational updates across SNV's wholesale banking, community banking, and wealth management divisions.
Bookmark this page for efficient monitoring of SNV's evolving financial strategies and regional market impact. Check regularly for new developments affecting one of the Southeast's most established banking institutions.
Synovus has awarded the Jack Parker Scholarship to 111 college students, totaling $104,000 for 2024. The scholarship, managed by the Jack B. Parker Foundation Inc., honors Jack B. Parker's 44-year career with Synovus. It supports children of Synovus team members who excel academically, demonstrate leadership, and volunteer in their communities.
Joe Hilsman of Columbus, Georgia, was selected as the 2024 Jack Parker Scholar. A junior at the University of Georgia, Hilsman is pursuing a biology degree with plans for medical school. He volunteers with Young Life, works as a licensed EMT, and will research stem cell production and traumatic brain injury.
Since 1988, the foundation has awarded over $2 million in scholarships. Synovus Bank, an FDIC-insured institution, offers commercial and consumer banking services across five states.
Synovus Bank has appointed Darron Burnette as the new president of Synovus Mortgage, effective July 15. Burnette, who previously served as division CEO for South Georgia and North Florida markets, will lead a cross-functional team to drive strategic execution of mortgage lending operations. His role focuses on delivering growth, customized solutions, and exceptional client experience across the bank's markets. Burnette reports to Wayne Akins, Executive Vice President and Chief Community Banking and Wealth Services Officer.
Burnette's leadership skills and ability to navigate change successfully were highlighted as key factors in his appointment. He is actively involved in various community initiatives, including chairing the Georgia Banking School and supporting the Blue Mile Revitalization effort in Statesboro, Georgia. Burnette has received several civic and leadership awards, showcasing his commitment to both the banking industry and community service.
Synovus Bank has promoted Blake Thrasher to Tuscaloosa market executive. Thrasher, who joined Synovus in 2021 as senior executive vice president and commercial banker, will lead banking teams to provide tailored financial solutions, drive business development, and support community outreach initiatives. He will report to Alabama Division CEO Nelson Bean.
Thrasher brings over two decades of financial services experience and strong community connections. He earned his bachelor's degree from the University of Alabama, where he played collegiate basketball. Currently, he coaches varsity boys basketball at American Christian Academy and serves on its board of directors.
Synovus Bank, a Georgia-chartered, FDIC-insured bank, offers commercial and consumer banking services across Georgia, Alabama, South Carolina, Florida, and Tennessee. The bank is recognized as a Great Place to Work-Certified Company.
Synovus Financial Corp. (NYSE: SNV) reported Q2 2024 financial results, with a diluted loss per share of $(0.16) compared to $1.13 in Q2 2023. Adjusted diluted earnings per share remained stable at $1.16. The quarter was impacted by a $257 million securities loss, while adjusted EPS increased 47% from Q1 2024. Key highlights include:
- Net interest income increased 4% sequentially but decreased 5% year-over-year
- Net interest margin expanded by 16 basis points to 3.20%
- Period-end loans declined $216.5 million from Q1 2024
- Core deposits decreased $67.6 million to $44.8 billion
- Adjusted non-interest revenue grew 9% sequentially and 15% year-over-year
- Provision for credit losses declined 51% sequentially
- Preliminary CET1 ratio rose to 10.62%
Synovus Financial Corp. (NYSE: SNV) will release its second quarter 2024 earnings results after market close on July 17, 2024. A conference call will follow at 8:30 a.m. ET on July 18, 2024. The live audio webcast and accompanying slides will be available at Synovus' investor website. A replay will be accessible for 12 months.
Synovus, headquartered in Columbus, Georgia, holds approximately $60 billion in assets and offers a wide range of financial services, including commercial and consumer banking, private banking, wealth management, and more. The company operates branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus is recognized as a Great Place to Work-Certified company.
Synovus Financial Corp. (NYSE: SNV) announced its quarterly dividends. The company declared a dividend of $0.38 per share on common stock, payable on July 1, 2024, to shareholders of record as of June 20, 2024.
Additionally, it declared $0.57159 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on June 21, 2024, to shareholders of record as of June 15, 2024. The Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, will have a dividend of $0.3671875 per share, payable on July 1, 2024, to shareholders of record as of June 15, 2024.
Synovus, based in Columbus, Georgia, holds approximately $60 billion in assets and provides a wide range of financial services across several states.