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.
This page provides historical and transaction-related news for Synovus Financial Corp. (former NYSE: SNV), a financial services company that was based in Columbus, Georgia. Company news and press releases describe Synovus as a provider of commercial and consumer banking, along with specialized offerings such as wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking, with branches in Georgia, Alabama, Florida, South Carolina and Tennessee.
Recent coverage is dominated by the combination of Synovus Financial Corp. with Pinnacle Financial Partners, Inc. News items detail shareholder approvals of the merger, regulatory clearances from the Federal Reserve and state banking regulators, and the closing of the transaction on January 1, 2026. Subsequent releases from Pinnacle highlight the new holding company structure, leadership roles, board composition for the combined firm, and symbolic events such as ringing the opening bell at the New York Stock Exchange to mark the firm’s new listing.
Earlier Synovus news includes dividend declarations on its common and preferred stock, debt issuance such as subordinated bank notes, investor conference presentations, and community initiatives like a donation to Feeding America to support families in Alabama, Georgia, Florida, South Carolina and Tennessee. Together, these items trace Synovus’ evolution from a standalone regional bank to part of a larger combined organization.
Investors and researchers can use this news feed to follow the timeline of the Synovus–Pinnacle merger, understand the rationale and structure of the transaction as described by management, and review historical announcements related to Synovus’ capital actions and community engagement before its merger and delisting.
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.
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