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) 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.
Synovus Financial Corp. (NYSE: SNV) has appointed Michael Colasso as the new enterprise and operational risk executive director, enhancing its risk management capabilities. Colasso, who has over 15 years of experience, reports to Chief Risk Officer Shellie Creson in Atlanta, Georgia. His role focuses on strategic design and execution of risk programs. Previously, he led enterprise risk management at Truist and worked with the Federal Reserve Bank of Atlanta. With approximately $59 billion in assets, Synovus offers diverse financial services across multiple states.
Synovus Financial Corp. (NYSE:SNV) has announced that Kevin Blair will take over as chairman of the board, effective January 1, 2023. Blair, who has been the President and CEO since April 2021, succeeds Kessel D. Stelling, who is retiring as chairman. Stelling will continue to serve in an advisory capacity until January 1, 2025. Under Stelling's leadership since 2012, Synovus has emphasized strong governance practices. Synovus, based in Columbus, Georgia, manages approximately $59 billion in assets and offers a wide range of financial services.
The board of directors of Synovus Financial Corp. (NYSE: SNV) has declared quarterly dividends:
- $0.34 per share on common stock, payable on Jan. 3, 2023, to shareholders of record by Dec. 15, 2022.
- $0.39375 per share on Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on Dec. 21, 2022.
- $0.3671875 per share on Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on Jan. 3, 2023.
Synovus has launched Synovus Accelerate™ FX, a comprehensive foreign exchange solution designed to enhance international banking services. This innovative platform, facilitated through the Synovus Gateway℠, supports efficient foreign exchange payments and trading. Powered by fintech partner Finzly, it offers clients a secure self-service portal for managing currency transactions without banker interaction. Features include multicurrency accounts and streamlined workflows for pricing, trading, risk management, and compliance, aiming to improve business decision-making and cash conversion cycles.
Synovus Financial Corp. (NYSE: SNV) President and CEO Kevin Blair is set to present at the Goldman Sachs 2022 U.S. Financial Services Conference on December 7, 2022, at 3 p.m. ET. A live webcast will be available on the company's Investor Relations website.
Based in Columbus, Georgia, Synovus has approximately $59 billion in assets and offers a comprehensive range of banking and financial services. The firm operates 254 branches across Georgia, Alabama, South Carolina, Florida, and Tennessee.
Synovus Financial Corp. (NYSE: SNV) announced the hiring of Stephanie Wise as the Bank Secrecy Act and Anti-Money Laundering executive director, effective Oct. 31, 2022. Wise, based in Atlanta, Georgia, has over 20 years of experience in financial compliance and previously worked at Walmart and SunTrust. Her role emphasizes compliance with financial crimes regulations, reinforcing Synovus’ risk culture and client confidence.
Synovus Financial Corp. (NYSE: SNV) President and CEO Kevin Blair will speak at the BancAnalysts Association of Boston Conference on November 3, 2022, at 3 p.m. ET. A live webcast and replay will be accessible on Synovus’ Investor Relations website. Synovus, based in Columbus, Georgia, manages approximately $59 billion in assets and offers a comprehensive range of financial services, including commercial and consumer banking, treasury management, and wealth management. The company operates 254 branches across Georgia, Alabama, South Carolina, Florida, and Tennessee.
Synovus Financial Corp. (NYSE: SNV) reported its third-quarter financial results for 2022, showing a diluted earnings per share of $1.33, up from $1.21 in 3Q21. Net income rose to $194.8 million, with total revenue increasing by 16% year-over-year to $582.2 million. Pre-provision net revenue also saw a significant surge of 24% year-over-year to $288 million. Despite a 3% sequential decline in total deposits, overall credit quality remained robust. The preliminary CET1 ratio improved slightly to 9.51%.
Synovus Bank has announced significant leadership additions to its corporate & investment banking (CIB) division to enhance client relationships and industry expertise. Key hires include
Synovus Financial Corp. (NYSE: SNV) will announce its third quarter 2022 results on
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