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

SNV's Revenue Growth by Quarter and Year

Synovus Financial's Revenue results by quarter and year




SNV Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 568.90 564.59 448.02
III Quarter September 477.73 556.64 507.74 408.20
II Quarter June 528.93 509.97 513.55 318.40
I Quarter March 581.72 486.18 503.39 472.75
FY   1,588.38 2,121.69 2,089.27 1,647.37



SNV Revenue third quarter 2023 Y/Y Growth Comment
Synovus Financial Corp reported fall in Revenue in the third quarter 2023 by -14.18% to $ 477.73 millions, from the same quarter in 2022.
The decline in the third quarter 2023 Synovus Financial Corp's Revenue compares unfavorably to the Company's average Revenue growth of 1.54%.

Looking into third quarter 2023 results within Commercial Banks industry 20 other companies have achieved higher Revenue growth. While Synovus Financial Corp' s Revenue decrease of -14.18% ranks overall at the positon no. 832 in the third quarter 2023.




SNV Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 0.76 % 26.02 % -3.3 %
III Quarter September -14.18 % 9.63 % 24.39 % -14.05 %
II Quarter June 3.72 % -0.7 % 61.29 % -29.71 %
I Quarter March 19.65 % -3.42 % 6.48 % 38.38 %
FY   - 1.55 % 26.82 % -4.93 %

Financial Statements
Synovus Financial's third quarter 2023 Revenue $ 477.73 millions SNV's Income Statement
Synovus Financial's third quarter 2022 Revenue $ 556.64 millions Quarterly SNV's Income Statement
New: More SNV's historic Revenue Growth >>


SNV Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - 2.2 % 11.2 % 9.76 %
III Quarter September -9.68 % 9.15 % -1.13 % 28.2 %
II Quarter June -9.07 % 4.89 % 2.02 % -32.65 %
I Quarter March 2.25 % -13.89 % 12.36 % 2.04 %
FY (Year on Year)   - 1.55 % 26.82 % -4.93 %




Revenue third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #21
Financial Sector #191
Overall #832

Revenue Y/Y Growth Statistics
High Average Low
82.08 % 1.54 % -75.79 %
(Sep. 30, 2009)   (Sep. 30, 2008)
Revenue third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #21
Financial Sector #191
Overall #832
Revenue Y/Y Growth Statistics
High Average Low
82.08 % 1.54 % -75.79 %
(Sep. 30, 2009)   (Sep. 30, 2008)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Synovus Financial's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
32.6 % -1.67 % -100 %
(Mar 31 2019)  


SNV's III. Quarter Q/Q Revenue Comment
In the III. Quarter 2023 Synovus Financial Corp disclosed drop in Revenue sequentially by -9.68% to $ 477.73 millions, from $ 528.93 millions declared in the previous quarter.

Some periodic influence that usually elevate III. Quarter 2023 Revenue, have not rescue the III. Quarter for the Synovus Financial Corp, Fabia Gallo, market observer wrote, she voiced some skepticism for the Synovus Financial's direction, she detected further challenges onward for Synovus Financial.

Within Commercial Banks industry 35 other companies have achieved higher Revenue quarter on quarter growth. While Synovus Financial's Revenue growth quarter on quarter, overall rank is 1312.


Revenue Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #36
Financial Sector #307
Overall #1312
Revenue Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #36
Financial Sector #307
Overall #1312
Revenue Q/Q Growth Statistics
High Average Low
32.6 % -1.67 % -100 %
(Mar 31 2019)  


SNV's III. Quarter Q/Q Revenue Comment
In the III. Quarter 2023 Synovus Financial Corp disclosed drop in Revenue from the second quarter by -9.68% to $ 477.73 millions, from $ 528.93 millions released a quarter before.

Although periodic influence commonly elevate III. Quarter 2023 results, it clearly has not been sufficient to salvage SNV's III. Quarter outcome, Fabia Gallo, market observer pointed out.

Within Commercial Banks industry 35 other companies have achieved higher Revenue quarter on quarter growth. While Synovus Financial's Revenue growth quarter on quarter, overall rank is 1312.


Synovus Financial's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Revenue 12 Months Ending $ 2,157.27 $ 2,236.18 $ 2,217.22 $ 2,121.68 $ 2,117.38
Y / Y Revenue Growth (TTM) 1.88 % 8.11 % 7.01 % 1.55 % 7.33 %
Year on Year Revenue Growth Overall Ranking # 618 # 1561 # 635 # 559 # 1855
Seqeuential Revenue Change (TTM) -3.53 % 0.86 % 4.5 % 0.2 % 2.36 %
Seq. Revenue Growth (TTM) Overall Ranking # 832 # 2507 # 1891 # 1517 # 1561




Cumulative Revenue growth Comment
Assuming the Synovus Financial's fiscal year would have ended in Sep 30 2023, Synovus Financial would have reprted above average annual Revenue improvement of 1.88% year on year, of $ 2,157 millions.
This marks a slow-down of the companys growth trends and from the 8.11% growth in Jun 30 2023.

In the Financial sector 139 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 618, from total ranking in previous quarter at 1561.

Revenue TTM Q/Q Growth Statistics
High Average Low
82.08 %
1.54 %
-75.79 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 21
Financial Sector # 140
Overall # 618

Revenue TTM Y/Y Growth Statistics
High Average Low
82.08 %
1.54 %
-75.79 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 21
Sector # 191
S&P 500 # 832
Cumulative Revenue growth Comment
Assuming the Synovus Financial's fiscal year would have ended in Sep 30 2023, Synovus Financial would have reprted above average annual Revenue improvement of 1.88% year on year, of $ 2,157 millions.
This marks a slow-down of the companys growth trends and from the 8.11% growth in Jun 30 2023.

In the Financial sector 139 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 618, from total ranking in previous quarter at 1561.

Revenue TTM Q/Q Growth Statistics
High Average Low
82.08 %
1.54 %
-75.79 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 21
Financial Sector # 140
Overall # 618

Revenue TTM Y/Y Growth Statistics
High Average Low
82.08 %
1.54 %
-75.79 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 21
Sector # 191
S&P 500 # 832




Other Revenue Growth
Commercial Banks Industry Revenue Growth Trends and Statistics
Financial Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
SNV's Revenue Growth Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for SNV's Competitors
Revenue Growth for Synovus Financial's Suppliers
Revenue 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 Revenue growth for the quarter ending Sep 30 2023 within Financial SectorY/Y Change %Revenue for the quarter ending Sep 30 2023
Principal Financial Group inc-0.05%$ -0.048 millions
Sotherly Hotels Inc -0.08%$ -0.080 millions
Catalyst Bancorp Inc -0.13%$ -0.132 millions
Bar Harbor Bankshares-0.26%$ -0.265 millions
Service Properties Trust-0.29%$ -0.286 millions
Financial Institutions Inc -0.41%$ -0.407 millions
Genworth Financial Inc -0.44%$ -0.435 millions
Employers Holdings Inc -0.44%$ -0.440 millions
Berkshire Hills Bancorp inc -0.49%$ -0.495 millions
Home Bancorp Inc -0.59%$ -0.587 millions
1st Franklin Financial Corporation-0.59%$ -0.592 millions
Marketaxess Holdings Inc -0.65%$ -0.655 millions
Bancfirst Corporation-0.66%$ -0.658 millions
Capital one financial corp-0.76%$ -0.757 millions
Gohealth Inc -0.76%$ -0.763 millions
Mainstreet Bancshares Inc -0.81%$ -0.813 millions
Kbs Real Estate Investment Trust Iii Inc -0.84%$ -0.838 millions
Renasant Corp-0.89%$ -0.888 millions
Old Point Financial Corp-0.90%$ -0.901 millions
Hmn Financial Inc-0.99%$ -0.993 millions
Huntington Bancshares Incorporated-1.00%$ -1.002 millions
Uwm Holdings Corporation-1.03%$ -1.031 millions
Csb Bancorp Inc-1.14%$ -1.144 millions
Regions Financial Corporation-1.15%$ -1.155 millions
Evercore Inc -1.16%$ -1.157 millions
Stock Yards Bancorp Inc -1.21%$ -1.214 millions
Chatham Lodging Trust-1.30%$ -1.302 millions
Centerspace-1.33%$ -1.330 millions
Vornado Realty Trust-1.41%$ -1.407 millions
-1.43%$ -1.428 millions




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