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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 donates $1 million to Children’s Healthcare of Atlanta to expand prevention efforts in rural Georgia

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Synovus Bank (SNV) Donates $1 Million to Children’s Healthcare of Atlanta (CHA) for Strong4Life Prevention Efforts in Rural Georgia
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Synovus announces expiration and final tender results of its previously announced tender offer

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Synovus Financial Corp. (NYSE: SNV) has announced the completion of its cash tender offer to purchase up to $150 million in aggregate principal amount of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due Feb. 7, 2029. A total of $82,382,000 aggregate principal amount of the 2029 notes were validly tendered and not validly withdrawn at the Early Tender Time. An additional $1,015,000 aggregate principal amount of the 2029 notes have been validly tendered and accepted for purchase without proration. The final settlement date for these additional notes is expected to occur on Dec. 5, 2023. Holders of 2029 notes validly tendered at or prior to the Expiration Time, not validly withdrawn and accepted for purchase, are receiving the Total Consideration of $935 for each $1,000 principal amount of such 2029 notes, which includes an Early Tender Payment of $30. The Tender Offer expired at the Expiration Time. Morgan Stanley & Co. LLC served as the Dealer Manager for the Tender Offer.
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Synovus announces quarterly dividends

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Synovus Financial Corp. (NYSE: SNV) declares quarterly dividends of $0.38 per share on common stock, $0.56942 per share on Series D preferred stock, and $0.3671875 per share on Series E preferred stock. The company, based in Columbus, Georgia, has approximately $59 billion in assets and offers a wide range of financial services across multiple states.
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Synovus announces early tender results in connection with previously announced tender offer and extends early tender payment to apply through expiration time

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Synovus Financial Corp. (NYSE: SNV) announced the results of its cash tender offer to purchase up to $150 million in aggregate principal amount of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due Feb. 7, 2029. As of the Early Tender Time, $82,382,000 aggregate principal amount of the 2029 notes had been validly tendered and not validly withdrawn. Holders of 2029 notes will receive the Total Consideration of $935 for each $1,000 principal amount of such 2029 notes, including an Early Tender Payment of $30. The Tender Offer will expire at 5 p.m., New York City time, on Dec. 1, 2023, unless extended or earlier terminated.
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Synovus to present at Goldman Sachs 2023 US Financial Services Conference

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Synovus Financial Corp. (NYSE: SNV) CEO Kevin Blair to present at Goldman Sachs 2023 U.S. Financial Services Conference on Dec. 6, 2023, at 2:20 p.m. ET. The event will be live webcasted and a replay available at Synovus’ Investor Relations website. Synovus is a financial services company with $59 billion in assets, offering commercial and consumer banking, private banking, wealth management, and more.
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Synovus announces offer to purchase up to $150 million aggregate principal amount of its 5.900% fixed-to-fixed rate subordinated notes due 2029

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Synovus Financial Corp. has announced a cash tender offer to purchase up to $150 million of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due Feb. 7, 2029. The tender offer will commence on Nov. 2, 2023, and expire on Dec. 1, 2023. Holders who tender their notes at or before Nov. 15, 2023, will be eligible to receive consideration equal to $935 per $1,000 principal amount of the notes tendered and accepted for purchase.
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Synovus to present at BancAnalysts Association of Boston Conference

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Synovus Financial Corp. CEO and CFO to present at BancAnalysts Association of Boston Conference on Nov. 2, 2023
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Synovus announces earnings for the third quarter 2023

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Synovus Financial Corp. reports financial results for Q3 2023, with diluted earnings per share of $0.60 compared to $1.33 in Q3 2022. Total revenue declined by 5% compared to the previous year, driven by a decrease in net interest income. The company completed the sale of third-party consumer loans and medical office building loans, as well as the sale of asset management firm GLOBALT to its management team. Credit quality metrics increased from historically low levels. The CET1 ratio increased to 10.13%. The company remains focused on strengthening core client relationships and positioning for future growth.
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Synovus Bank Extends Sagent Software Deal 5 Years to Power Mortgage Servicing & Analytics

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Sagent announces a five-year partnership extension with Synovus Bank to power its core and consumer mortgage loan servicing and add new real-time, cloud-based data services.
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Synovus names new president of wealth services

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Synovus Bank appoints Jayne Hill as president of wealth services
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FAQ

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

The current stock price of Synovus Financial (SNV) is $55.67 as of December 4, 2024.

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

The market cap of Synovus Financial (SNV) is approximately 7.9B.

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

#1020 Ranked by Market Cap
#1117 Ranked by Dividends

SNV Stock Data

7.88B
140.76M
1.3%
87.28%
2.48%
Banks - Regional
National Commercial Banks
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United States of America
COLUMBUS