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Synovus Financial Corp  (SNV)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $39.2400 $0.37 0.952%
Day's High: $39.25 Week Perf: -1.08 %
Day's Low: $ 38.91 30 Day Perf: 7.24 %
Volume (M): 634 52 Wk High: $ 40.92
Volume (M$): $ 24,870 52 Wk Avg: $33.56
Open: $39.10 52 Wk Low: $24.40



 Market Capitalization (Millions $) 5,773
 Shares Outstanding (Millions) 147
 Employees 4,511
 Revenues (TTM) (Millions $) 1,934
 Net Income (TTM) (Millions $) 464
 Cash Flow (TTM) (Millions $) -942
 Capital Exp. (TTM) (Millions $) 44

Synovus Financial Corp
Synovus is a'financial services company which is a registered bank holding company. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through affiliate banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee and electronic payment processing services through its 81% owned subsidiary, TSYS. Synovus is based in Columbus, Georgia and its stock is traded on the New York Stock Exchange under the symbol "SNV."


Synovus is engaged in two reportable business segments: Financial Services (which is primarily involved in commercial banking activities and also provides retail banking, financial management, mortgage banking, leasing and insurance services), and Transaction Processing Services (which primarily provides electronic payment processing services including consumer, debit, commercial, retail and stored value card processing and related services, as well as student loan processing)


Major Customers. A significant amount of TSYS revenues are derived from long-term contracts with significant customers, including certain major customers. Bank of America Corporation and Providian Financial Corporation accounted for approximately 18% and 10%, respectively, of TSYS total revenues.

Competition

Financial Services. The commercial banking business is highly competitive and the Banks compete actively with national and state banks for deposits, loans and trust accounts, and with savings and loan associations and credit unions for deposits and loans. In addition, Synovus and its banks and bank related subsidiaries compete with other financial institutions, including securities brokers and dealers, personal loan companies, insurance companies, finance companies, leasing companies, mortgage companies and certain governmental agencies, all of which actively engage in marketing various types of loans, deposit accounts and other services. These competitors have been successful in developing products that are in direct competition with or are alternatives to the banking services offered by traditional banking institutions. Synovus ability to maintain its history of strong financial performance will depend in part on its ability to expand the scope of and effectively deliver products and services, allowing it to meet the changing needs of its customers.


TSYS major competitor in the card processing industry is First Data Resources, Inc., a wholly owned subsidiary of First Data Corporation, which is headquartered in Omaha, Nebraska, and provides card processing services, including authorization and data entry services. The principal methods of competition between TSYS and First Data Resources are price, system performance and availability, breadth of features and functionality, disaster recovery capabilities, data security, scalability and flexibility of infrastructure and customer service. Certain other subsidiaries of First Data Corporation also compete with TSYS. In addition, there are a number of other companies which have the necessary financial resources and the technological ability to develop or acquire products and, in the future, to provide services similar to those being
offered by TSYS.



   Company Address: 1111 Bay Avenue, Suite 500 Columbus, 31901 GA
   Company Phone Number: 641-6500   Stock Exchange / Ticker: NYSE SNV
   


Customers Net Income grew by SNV's Customers Net Profit Margin grew to

75.86 %

14.78 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        2.27% 
C        0.66% 
COF   -2.13%    
JPM        2.62% 
USB   -0.88%    
WFC   -0.81%    
• View Complete Report
   



Synovus Financial Corp

Synovus Financial Corp (NYSE: SNV) Reports Significant Decline in EPS and Revenue for Q1 2024

Synovus Financial Corp (NYSE: SNV) recently reported its fiscal first quarter results for 2024, and the numbers were not as strong as expected. Both the top and bottom-line figures showed a decline compared to the same period last year. The income per share plummeted by -40.91% and revenue by -16.841% year on year.
In terms of actual figures, revenue was reported at $483.75 million, compared to $581.72 million in the same period the previous year. Similarly, earnings per share (EPS) dropped from $1.32 to $0.78. These figures are disappointing when compared to the previous fiscal quarter, where EPS soared by 89.38% from $0.41, and revenue increased by 9.148% from $443.21 million.

Synovus Financial Corp

Synovus Financial Corp Faces Revenue Decline, But Investors Remain Optimistic

The recent financial results of Synovus Financial Corp. may show a decline in revenue and profitability, but there is still optimism in the market for this Commercial Banks company. Despite a decrease in revenue of -22.093% and a deterioration in profitability by -69.66% for the most recent fiscal period, investors are still showing trust and confidence in the company.
In a sector where many are experiencing decline, Synovus Financial Corp. has managed to record a 1.37% growth in revenue in the fourth quarter of 2023 compared to the same period a year ago. While earnings per share dropped from $1.36 to $0.41, there is still potential for growth and recovery in the coming quarters.

Financing Agreement

Synovus Exceeds Expectations with Successful Completion of Tender Offer

Published Mon, Dec 4 2023 11:45 AM UTC



COLUMBUS, Ga. - Synovus Financial Corp. (NYSE: SNV) has announced the expiration and final results of its recent cash tender offer. The company successfully concluded its efforts 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 (referred to as the 2029 notes).
On Novem...

Dividend

Synovus Financial Corp Shows Continued Growth in Dividend Payout Ratio, Declares Quarterly Dividends

Published Fri, Dec 1 2023 10:00 PM UTC

Synovus Financial Corp Announces Quarterly Dividends and Continued Growth in Dividend Payout Ratio
Synovus Financial Corp, a prominent player in the financial sector, recently declared its quarterly dividends, showcasing its commitment to shareholders. The board of directors declared a dividend of $0.38 per share on their common stock, payable on January 2, 2024, to shar...

Synovus Financial Corp

Commercial Banking Giant Synovus Financial Corp Faces Alarming Contraction in Top-line Amid Financial Quarter2.



Synovus Financial Corp, a prominent financial institution in the commercial banking sector, has experienced significant fluctuations in its stock value over the past week and year, indicating potential challenges ahead. The company recently disclosed its financial results for the fiscal period ending September 30, 2023, which revealed a concerning decline in both revenues and earnings per share. This article will explore the implications of these figures and speculate on their potential impact on the company's future performance.
1. Revenue Decline:
During the mentioned fiscal period, Synovus Financial Corp's revenue dropped by approximately 14.18% year on year, falling to $477.73 million from $556.64 million. This decline is particularly concerning when compared to the top-line growth reported by other companies in the Commercial Banks sector. The drop in revenue indicates potential difficulties in generating robust income streams moving forward.






 

Synovus Financial's Segments
 
 
• View Complete Report

Synovus Financial's Operating Statistics Decrease / Increase
       
Interest Spread     
Interest margin   Interest margin Decline   
Nonperforming Assets Ratio     
Allowance for loan losses     
Tier1 Capital Ratio   Tier1 Capital Ratio Decline   
Total Capital Ratio   Total Capital Ratio Decline   
Leverage Ratio   Leverage Ratio  Decline   
Tangible Common Equity Ratio   Tangible Common Equity Ratio Decline   
Efficiency Ratio   Efficiency Ratio Decline   




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