Synovus Financial Corp (SNV) |
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Price: $37.9000
$0.04
0.106%
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Day's High:
| $38.23
| Week Perf:
| -3.17 %
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Day's Low: |
$ 37.75 |
30 Day Perf: |
3.21 % |
Volume (M): |
1,654 |
52 Wk High: |
$ 40.92 |
Volume (M$): |
$ 62,671 |
52 Wk Avg: |
$31.83 |
Open: |
$37.98 |
52 Wk Low: |
$24.40 |
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Market Capitalization (Millions $) |
5,562 |
Shares
Outstanding (Millions) |
147 |
Employees |
4,511 |
Revenues (TTM) (Millions $) |
2,032 |
Net Income (TTM) (Millions $) |
542 |
Cash Flow (TTM) (Millions $) |
474 |
Capital Exp. (TTM) (Millions $) |
32 |
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 Columbus, 31901 GA
Company Phone Number: 641-6500 Stock Exchange / Ticker: NYSE SNV
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Customers Net Income fell by |
SNV's Customers Net Profit Margin fell to |
-4.24 % |
11.09 %
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Stock Performances by Major Competitors |
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Synovus Financial Corp
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.
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Financing Agreement
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...
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Dividend
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...
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Synovus Financial Corp
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.
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Synovus Financial Corp
Synovus Financial Corp, a leading financial institution, recently reported its financial results for the second quarter ending June 30, 2023. While the company experienced an increase in revenue, its earnings per share (EPS) declined compared to the same period last year. During this financial span, Synovus Financial Corp's revenue rose by 3.718% to $528.93 million, compared to $509.97 million in the previous year. Despite this positive growth, the company's profits decreased by -2.59% to $1.13 per share. In the second quarter of 2022, Synovus Financial Corp had reported an EPS of $1.16. This decline in earnings suggests that the company's profitability has weakened in recent months.
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Per Share |
Current |
Earnings (TTM) |
3.46 $ |
Revenues (TTM) |
13.84 $
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Cash Flow (TTM) |
3.23 $ |
Cash |
66.96 $
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Book Value |
35.05 $
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Dividend (TTM) |
1.34 $ |
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Per Share |
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Earnings (TTM) |
3.46 $
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Revenues (TTM) |
13.84 $ |
Cash Flow (TTM) |
3.23 $ |
Cash |
66.96 $
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Book Value |
35.05 $ |
Dividend (TTM) |
1.34 $ |
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Synovus Financial's Operating Statistics
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