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Synovus Financial Corp  (SNV)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 

SNV's Net Income Growth by Quarter and Year

Synovus Financial's Net Income results by quarter and year




SNV Net Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 200.40 91.57 135.73
III Quarter September - 186.77 93.19 156.18
II Quarter June - 186.20 38.52 120.19
I Quarter March 171.04 187.09 151.68 118.24
FY   171.04 760.46 374.96 530.34



SNV Net Income first quarter 2022 Y/Y Growth Comment
Synovus Financial Corp reported decrease in Net Income in the first quarter 2022 by -8.58% to $ 171.04 millions, from the same quarter in 2021.
The decrease in the first quarter 2022 Synovus Financial Corp's Net Income compares unfavorably to the Company's average Net Income rise of 35.28%.

Looking into first quarter 2022 results within Money Center Banks industry 17 other companies have achieved higher Net Income growth. While Synovus Financial Corp' s Net Income decline of -8.58% ranks overall at the positon no. 1125 in the first quarter 2022.




SNV Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 118.85 % -32.54 % 24.45 %
III Quarter September - 100.42 % -40.33 % 40.47 %
II Quarter June - 383.39 % -67.95 % 16.5 %
I Quarter March -8.58 % 23.35 % 28.28 % 299.32 %
FY   - 102.81 % -29.3 % 50.23 %

Financial Statements
Synovus Financial's first quarter 2022 Net Income $ 171.04 millions SNV's Income Statement
Synovus Financial's first quarter 2021 Net Income $ 187.09 millions Quarterly SNV's Income Statement
New: More SNV's historic Net Income Growth >>


SNV Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - 7.3 % -1.74 % -13.09 %
III Quarter September - 0.31 % 141.93 % 29.94 %
II Quarter June - -0.48 % -74.6 % 1.65 %
I Quarter March -14.65 % 104.31 % 11.75 % 8.42 %
FY (Year on Year)   - 102.81 % -29.3 % 50.23 %




Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #18
Financial Sector #308
Overall #1125

Net Income Y/Y Growth Statistics
High Average Low
1568.81 % 35.28 % -79.88 %
(Dec. 30, 2012)   (Dec 31 2013)
Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #18
Financial Sector #308
Overall #1125
Net Income Y/Y Growth Statistics
High Average Low
1568.81 % 35.28 % -79.88 %
(Dec. 30, 2012)   (Dec 31 2013)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Synovus Financial's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
4324.85 % 89.41 % -100 %
(Dec. 31, 2012)  


SNV's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2022 Synovus Financial Corp disclosed drop in Net Income from the previous quarter by -14.65% to $ 171.04 millions, from $ 200.40 millions achived in the previous quarter.

Even seasonal influence which normally energize I. Quarter 2022 Net Income, this clearly could not be sufficient to salvage Money Center Banks's company performance, Rosie  Walker, Money Center Banks industry insider wrote.

Within Money Center Banks industry 30 other companies have achieved higher Net Income quarter on quarter growth. While Synovus Financial's Net Income growth quarter on quarter, overall rank is 918.


Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #31
Financial Sector #317
Overall #918
Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #31
Financial Sector #317
Overall #918
Net Income Q/Q Growth Statistics
High Average Low
4324.85 % 89.41 % -100 %
(Dec. 31, 2012)  


SNV's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2022 Synovus Financial Corp realized drop in Net Income from the forth quarter by -14.65% to $ 171.04 millions, from $ 200.40 millions declared in the previous reporting period.

Even seasonal influence which commonly energize I. Quarter 2022 results, this simply could not be substantial to salvage Synovus Financial's I. Quarter achievement, Rosie  Walker, Money Center Banks industry insider pointed out and wrote that average quarter on quarter Net Income growth is at 89.41% for SNV.

Within Money Center Banks industry 30 other companies have achieved higher Net Income quarter on quarter growth. While Synovus Financial's Net Income growth quarter on quarter, overall rank is 918.


Synovus Financial's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Sep 30 2021)
12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
Cumulative Net Income 12 Months Ending $ 744.41 $ 760.47 $ 651.64 $ 558.06 $ 410.38
Y / Y Net Income Growth (TTM) 81.4 % 102.81 % 55.48 % 15.75 % -27.21 %
Year on Year Net Income Growth Overall Ranking # 385 # 369 # 301 # 1197 # 1169
Seqeuential Net Income Change (TTM) -2.11 % 16.7 % 16.77 % 35.99 % 9.44 %
Seq. Net Income Growth (TTM) Overall Ranking # 1125 # 440 # 239 # 562 # 1140




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Mar 31 2022 period, Synovus Financial's cumulative twelve months Net Income were $ 744 millions, company would post below average annual Net Income growth of 9.44% year on year, if the fiscal year would end at Mar 31 2022.
A slow-down in the Synovus Financial's Net Income growth from the 200.4% growth in Dec 31 2021.

In the Financial sector 110 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 369 to 385.

Net Income TTM Q/Q Growth Statistics
High Average Low
1568.81 %
35.28 %
-79.88 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 18
Financial Sector # 111
Overall # 385

Net Income TTM Y/Y Growth Statistics
High Average Low
1613.15 %
88.26 %
-79.34 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 18
Sector # 308
S&P 500 # 1125
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Mar 31 2022 period, Synovus Financial's cumulative twelve months Net Income were $ 744 millions, company would post below average annual Net Income growth of -79.34% year on year, if the fiscal year would end at Mar 31 2022.
A slow-down in the Synovus Financial's Net Income growth from the 200.4% growth in Dec 31 2021.

In the Financial sector 110 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 369 to 385.

Net Income TTM Q/Q Growth Statistics
High Average Low
1568.81 %
35.28 %
-79.88 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 18
Financial Sector # 111
Overall # 385

Net Income TTM Y/Y Growth Statistics
High Average Low
1613.15 %
88.26 %
-79.34 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 18
Sector # 308
S&P 500 # 1125




Other Net Income Growth
Money Center Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
SNV's Net Income Growth Ratio versus Money Center Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for SNV's Competitors
Net Income Growth for Synovus Financial's Suppliers
Net Income Growth for SNV's Customers

You may also want to know
SNV's Annual Growth Rates SNV's Profitability Ratios SNV's Asset Turnover Ratio SNV's Dividend Growth
SNV's Roe SNV's Valuation Ratios SNV's Financial Strength Ratios SNV's Dividend Payout Ratio
SNV's Roa SNV's Inventory Turnover Ratio SNV's Growth Rates SNV's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Mar 31 2022 within Financial SectorY/Y Change %Net Income for the quarter ending Mar 31 2022
The Community Financial Corporation-0.17%$ -0.175 millions
Penns Woods Bancorp inc-0.44%$ -0.435 millions
Mainstreet Bancshares Inc -0.50%$ -0.495 millions
Carter Bankshares Inc -0.55%$ -0.555 millions
Enterprise Bancorp inc -0.63%$ -0.628 millions
Kinsale Capital Group Inc -0.90%$ -0.898 millions
Cambridge Bancorp-1.36%$ -1.356 millions
Arbor Realty Trust inc -1.46%$ -1.456 millions
First Financial Bankshares Inc -1.66%$ -1.662 millions
First Merchants Corp-1.78%$ -1.785 millions
Nbt Bancorp Inc-1.81%$ -1.807 millions
Guaranty Bancshares Inc -2.04%$ -2.043 millions
Evans Bancorp Inc -2.14%$ -2.143 millions
Hamilton Lane Incorporated-2.27%$ -2.270 millions
1st Source Corp-2.51%$ -2.508 millions
Pacific Premier Bancorp Inc-2.57%$ -2.569 millions
Moelis and Co-2.91%$ -2.908 millions
Columbia Financial Inc -3.05%$ -3.046 millions
Simmons First National Corp-3.19%$ -3.192 millions
Capstar Financial Holdings Inc -3.24%$ -3.237 millions
Universal Health Realty Income Trust-3.24%$ -3.240 millions
Pcsb Financial Corporation-3.29%$ -3.285 millions
Truist Financial Corporation-3.87%$ -3.870 millions
Arrow Financial Corporation-3.88%$ -3.882 millions
Bar Harbor Bankshares-3.88%$ -3.882 millions
Cousins Properties Inc-3.92%$ -3.917 millions
Five Star Bancorp-4.05%$ -4.047 millions
Federal Home Loan Bank Of Indianapolis-4.28%$ -4.280 millions
Flushing Financial Corporation-4.31%$ -4.307 millions
First Northern Community Bancorp-4.31%$ -4.311 millions


       
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