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.
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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.
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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.
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Synovus Bank wins 25 awards from Coalition Greenwich for exceptional service to small business and middle market clients in 2023.
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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.
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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.
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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.
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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 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 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 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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FAQ
What is the current stock price of Synovus Financial (SNV)?
The current stock price of Synovus Financial (SNV) is $52.45 as of January 9, 2025.
What is the market cap of Synovus Financial (SNV)?
The market cap of Synovus Financial (SNV) is approximately 7.4B.
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.
Synovus Financial Corp.
NYSE:SNV
SNV Rankings
SNV Stock Data
7.43B
140.77M
0.58%
87.17%
2.08%
Banks - Regional
National Commercial Banks
United States of America
COLUMBUS