SNV - Synovus Financial Corp Stock Price, Fair Value and News

40.15USD+0.20 (+0.50%)Market Closed

Market Summary

USD40.15+0.20

Market Closed

0.50%

SNV Alerts

Big fall in earnings (Y/Y)

SNV Stock Price

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SNV RSI Chart

SNV Valuation

Market Cap

5.9B

Price/Earnings (Trailing)

12.88

Price/Sales (Trailing)

1.89

EV/EBITDA

2.25

Price/Free Cashflow

6.47

SNV Price/Sales (Trailing)

SNV Profitability

EBT Margin

19.17%

Return on Equity

9.05%

Return on Assets

0.76%

Free Cashflow Yield

15.44%

SNV Fundamentals

SNV Revenue

Revenue (TTM)

3.1B

Rev. Growth (Yr)

9.18%

Rev. Growth (Qtr)

-0.71%

SNV Earnings

Earnings (TTM)

456.4M

Earnings Growth (Yr)

-43.2%

Earnings Growth (Qtr)

63.24%

Breaking Down SNV Revenue

Last 7 days

2.6%

Last 30 days

9.2%

Last 90 days

9.3%

Trailing 12 Months

57.3%

How does SNV drawdown profile look like?

SNV Financial Health

Debt/Equity

0.4

Debt/Cashflow

0.47

SNV Investor Care

Dividend Yield

3.79%

Dividend/Share (TTM)

1.52

Shares Dilution (1Y)

0.22%

Diluted EPS (TTM)

2.92

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	3.1B	0	0	0
2023	2.4B	2.7B	2.9B	3.1B
2022	1.7B	1.7B	1.8B	2.1B
2021	1.7B	1.7B	1.7B	1.7B
2020	2.0B	2.0B	1.9B	1.8B
2019	1.5B	1.7B	1.9B	2.1B
2018	1.2B	1.2B	1.3B	1.3B
2017	1.0B	1.1B	1.1B	1.2B
2016	963.9M	982.6M	1.0B	1.0B
2015	931.7M	933.2M	937.9M	946.0M
2014	927.0M	927.7M	927.2M	928.7M
2013	971.9M	949.6M	935.8M	929.0M
2012	1.1B	1.1B	1.1B	1.0B
2011	1.2B	1.2B	1.1B	1.1B
2010	1.5B	1.4B	1.4B	1.3B
2009	0	1.7B	1.6B	1.5B
2008	0	0	0	1.9B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Synovus Financial Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 24, 2024	storey barry l.	acquired	110,018	36.82	2,988	-
Apr 24, 2024	cherry pedro p.	acquired	110,018	36.82	2,988	-
Apr 24, 2024	white teresa l	acquired	110,018	36.82	2,988	-
Apr 24, 2024	apter stacy	acquired	110,018	36.82	2,988	-
Apr 24, 2024	bentsen tim e	acquired	110,018	36.82	2,988	-
Apr 24, 2024	villoch alexandra	acquired	110,018	36.82	2,988	-
Apr 24, 2024	pastides harris	acquired	110,018	36.82	2,988	-
Apr 24, 2024	irby john h.	acquired	110,018	36.82	2,988	-
Apr 24, 2024	stallworth john l.	acquired	110,018	36.82	2,988	-
Apr 24, 2024	murphy diana m	acquired	110,018	36.82	2,988	-

Which funds bought or sold SNV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-12.89	-985,210	12,489,800	-%
May 15, 2024	CITADEL ADVISORS LLC	added	202	718,039	1,042,280	-%
May 15, 2024	Royal Bank of Canada	reduced	-57.13	-451,000	379,000	-%
May 15, 2024	Voya Investment Management LLC	reduced	-4.36	11,995	693,799	-%
May 15, 2024	MOORE CAPITAL MANAGEMENT, LP	new	-	905,396	905,396	0.01%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-49.35	-15,884,300	18,565,700	0.01%
May 15, 2024	Cubist Systematic Strategies, LLC	reduced	-99.44	-10,056,800	60,531	-%
May 15, 2024	MALTESE CAPITAL MANAGEMENT LLC	sold off	-100	-1,769,550	-	-%
May 15, 2024	Point72 Hong Kong Ltd	added	90.66	500,342	986,789	0.05%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	136	57,883	96,083	-%

Are Funds Buying or Selling SNV?

Are funds buying SNV calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SNV

No. of Funds

SNV Alerts

Big fall in earnings (Y/Y)

Unveiling Synovus Financial Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.32%	15,090,878	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G
Feb 08, 2024	wellington management group llp	5.36%	7,838,693	SC 13G/A
Jan 24, 2024	state street corp	5.02%	7,340,169	SC 13G
Jan 24, 2024	blackrock inc.	9.4%	13,722,602	SC 13G/A
Feb 09, 2023	vanguard group inc	10.56%	15,356,589	SC 13G/A
Feb 06, 2023	wellington management group llp	6.86%	9,982,020	SC 13G/A
Jan 24, 2023	blackrock inc.	9.5%	13,869,186	SC 13G
Mar 09, 2022	vanguard group inc	10.09%	14,673,884	SC 13G/A
Feb 04, 2022	wellington management group llp	6.87%	10,002,258	SC 13G/A

Recent SEC filings of Synovus Financial Corp

View All Filings

Date Filed	Form Type	Document
May 14, 2024	13F-HR	Fund Holdings Report
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 06, 2024	8-K	Current Report
May 02, 2024	10-Q	Quarterly Report

Peers (Alternatives to Synovus Financial Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	580.6B	174.7B	10.55%	50.52%	11.53	3.32	53.11%	19.83%
BAC	304.4B	137.9B	8.26%	42.25%	12.16	2.21	56.12%	-12.56%
WFC	217.3B	85.8B	9.39%	62.33%	11.58	2.53	35.02%	26.14%
C	122.5B	125.0B	9.68%	41.85%	15.33	0.98	37.85%	-
CFG	16.8B	10.4B	11.70%	47.15%	11.72	1.61	26.22%	-33.87%
KEY	14.7B	8.1B	7.90%	66.17%	16.8	1.8	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	8.52%	62.72%	10.53	1.72	34.68%	-45.96%
ZION	6.7B	4.1B	11.66%	93.23%	10.59	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	11.39%	71.61%	12.26	2.64	30.60%	-12.99%
ASB	3.4B	2.0B	11.00%	55.39%	21.08	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	410.6M	173.1M	11.64%	37.59%	14.07	2.37	26.54%	-34.86%
ALRS	390.2M	152.4M	-1.20%	38.83%	39.25	2.56	16.94%	-73.84%
ACNB	288.6M	98.7M	3.06%	15.69%	9.81	2.92	6.27%	-22.90%
ASRV	47.0M	62.5M	18.70%	-3.87%	-15.89	0.75	18.83%	-145.18%

Synovus Financial Corp News

Latest updates

Synovus Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.7%	783	788	786	759	717	655	551	454	416	418	413	413	410	433	436	452	484	506	523	516	505
EBITDA Margin	-8.2%	0.78*	0.85*	0.97*	1.12*	1.25*	1.36*	1.48*	1.55*	1.57*	1.59*	1.51*	1.42*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.2%	419	437	443	456	481	501	478	425	392	392	385	382	374	386	377	377	373	399	402	397	397
Income Taxes	77.8%	37.00	21.00	28.00	48.00	58.00	54.00	60.00	50.00	43.00	69.00	54.00	57.00	49.00	37.00	40.00	31.00	4.00	55.00	51.00	55.00	40.00
Earnings Before Taxes	78.2%	161	90.00	124	222	260	260	263	228	214	269	241	243	236	187	131	124	42.00	207	187	211	161
EBT Margin	-16.0%	0.19*	0.23*	0.30*	0.37*	0.43*	0.46*	0.53*	0.56*	0.58*	0.60*	0.54*	0.47*	-	-	-	-	-	-	-	-	-
Net Income	63.2%	115	70.00	97.00	174	202	206	203	178	171	200	187	186	187	150	92.00	93.00	39.00	143	136	156	120
Net Income Margin	-17.8%	0.15*	0.18*	0.23*	0.29*	0.33*	0.37*	0.41*	0.43*	0.45*	0.46*	0.43*	0.36*	-	-	-	-	-	-	-	-	-
Free Cashflow	-97.8%	6.00	255	294	353	348	572	390	21.00	179	-55.28	399	408	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.0%	59,835	59,810	59,343	60,656	61,840	59,731	58,640	57,383	56,420	57,317	55,509	54,939	55,159	54,394	53,041	54,122	50,620	48,203	47,661	47,318	46,630
Cash Equivalents	-1.1%	2,424	2,451	2,138	2,054	3,365	1,978	1,868	1,665	1,554	3,010	2,687	3,263	3,328	4,253	1,985	1,571	1,824	1,187	1,182	1,151	1,266
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	487	491	480
Goodwill	0%	480	480	480	476	452	452	452	452	452	452	452	452	452	452	452	497	497	497	488	492	485
Liabilities	0.2%	54,793	54,665	54,781	55,848	57,070	55,256	54,410	52,798	51,595	52,020	50,256	49,701	49,997	49,233	47,976	49,069	45,554	43,262	42,792	42,564	42,032
Short Term Borrowings	-	-	-	-	-	-	603	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	5.1%	2,032	1,933	2,705	4,021	5,146	4,110	4,434	1,804	805	1,204	1,204	1,203	1,203	1,202	1,628	2,328	3,152	2,154	2,154	2,306	2,106
Shareholder's Equity	-1.5%	5,042	5,120	4,537	4,808	4,770	4,476	4,230	4,584	4,825	5,297	5,253	5,238	5,162	5,161	5,065	5,053	5,065	4,942	4,869	4,754	4,598
Retained Earnings	2.3%	2,574	2,517	2,512	2,481	2,371	2,235	2,085	1,940	1,822	1,710	1,567	1,437	1,308	1,178	1,085	1,051	1,014	1,068	969	886	781
Additional Paid-In Capital	0.0%	3,958	3,956	3,941	3,934	3,925	3,920	3,917	3,908	3,899	3,894	3,883	3,873	3,864	3,851	3,832	3,827	3,821	3,819	3,801	3,802	3,794
Shares Outstanding	-0.2%	146	147	146	146	146	145	145	145	145	147	148	148	-	-	-	-	-	-	-	-	-
Minority Interest	-1.8%	24.00	24.00	25.00	25.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	4,216	-	-	-	4,950	-	-	-	6,105	-	-	-	-	-	-	-	2,872	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-91.0%	24,076	266,213	302,311	359,659	354,440	580,659	399,836	29,662	181,332	-49,326	406,816	416,296	20,230	225,392	674,630	-902,751	19,761	256,939	108,275	113,328	142,508
Share Based Compensation	7.3%	7,914	7,373	7,900	8,240	8,711	5,519	7,874	6,177	8,334	6,310	8,354	5,467	7,664	4,768	4,953	5,350	3,570	3,091	5,171	5,981	10,244
Cashflow From Investing	-128.4%	-78,344	276,339	1,025,644	-285,566	-692,451	-1,161,694	-1,722,078	-937,645	-1,034,065	-1,283,033	-1,433,542	-38,067	-1,629,524	870,565	-51,131	-1,868,375	-1,304,032	-639,537	-172,779	-693,171	-648,375
Cashflow From Financing	111.5%	26,342	-228,757	-1,244,475	-1,385,342	1,725,631	691,011	1,524,986	1,019,540	-603,617	1,654,792	451,470	-443,819	684,643	1,171,597	-209,361	2,518,517	1,921,187	387,046	95,653	465,239	628,228
Dividend Payments	0.3%	55,733	55,558	55,536	55,502	49,465	49,439	49,416	49,442	47,851	48,099	48,651	49,093	48,834	48,614	48,612	48,592	44,149	44,477	47,243	47,237	28,966
Buy Backs	-	30,015	-	-	-	-	-	-	3,316	9,671	32,790	74,635	92,507	-	-	-	-	16,246	36,538	343,690	25,003	320,167

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SNV Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees	$ 691,715	$ 629,557
Investment securities available for sale	71,906	61,054
Loans held for sale	578	5,577
Federal Reserve Bank balances	15,031	16,818
Other earning assets	3,480	3,873
Total interest income	782,710	716,879
Interest expense:
Deposits	332,666	173,935
Long-term debt	29,595	42,529
Other borrowings	1,603	19,664
Total interest expense	363,864	236,128
Net interest income	418,846	480,751
Provision for (reversal of) credit losses	53,980	32,154
Net interest income after provision for (reversal of) credit losses	364,866	448,597
Non-interest revenue:
Service charges on deposit accounts	21,813	22,974
Fiduciary and asset management fees	19,013	19,696
Card fees	19,486	15,824
Brokerage revenue	22,707	24,204
Mortgage banking income	3,418	3,858
Capital markets income	6,627	15,127
Income from bank-owned life insurance	7,347	7,262
Investment securities gains (losses), net	0	1,030
Recovery of NPA	0	13,126
Other non-interest revenue	18,477	10,025
Total non-interest revenue	118,888	133,126
Non-interest expense:
Salaries and other personnel expense	188,521	188,924
Net occupancy, equipment, and software expense	46,808	42,860
Third-party processing and other services	20,258	21,833
Professional fees	7,631	8,963
FDIC insurance and other regulatory fees	23,819	10,268
Restructuring charges (reversals)	1,524	(733)
Loss on other loans held for sale	0	16,750
Other operating expense	34,180	32,987
Total non-interest expense	322,741	321,852
Income before income taxes	161,013	259,871
Income tax expense	36,943	57,712
Net income	124,070	202,159
Less: Net income (loss) attributable to noncontrolling interest	(437)	0
Net income attributable to Synovus Financial Corp.	124,507	202,159
Less: Preferred stock dividends	9,685	8,291
Net income available to common shareholders	$ 114,822	$ 193,868
Net income per common share, basic (in dollars per share)	$ 0.78	$ 1.33
Net income per common share, diluted (in dollars per share)	$ 0.78	$ 1.32
Weighted average common shares outstanding, basic (in shares)	146,430	145,799
Weighted average common shares outstanding, diluted (in shares)	147,122	146,727

SNV Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Interest-earning deposits with banks and other cash and cash equivalents	$ 2,379,778	$ 2,414,103
Federal funds sold and securities purchased under resale agreements	43,722	37,323
Total cash, cash equivalents, and restricted cash	2,423,500	2,451,426
Investment securities available for sale, at fair value	9,694,515	9,788,662
Loans held for sale (includes $36,698 and $47,338 measured at fair value, respectively)	130,586	52,768
Loans, net of deferred fees and costs	43,309,877	43,404,490
Allowance for loan losses	(492,661)	(479,385)
Loans, net	42,817,216	42,925,105
Cash surrender value of bank-owned life insurance	1,119,379	1,112,030
Premises, equipment, and software, net	375,315	365,851
Goodwill	480,440	480,440
Other intangible assets, net	43,021	45,928
Other assets	2,751,148	2,587,324
Total assets	59,835,120	59,809,534
Deposits:
Non-interest-bearing deposits	12,042,353	12,507,616
Interest-bearing deposits	38,537,889	38,231,569
Total deposits	50,580,242	50,739,185
Federal funds purchased and securities sold under repurchase agreements	128,244	189,074
Other short-term borrowings	252,469	3,496
Long-term debt	2,031,735	1,932,534
Other liabilities	1,800,794	1,801,097
Total liabilities	54,793,484	54,665,386
Shareholders' equity:
Preferred stock - no par value; authorized 100,000,000 shares; issued 22,000,000	537,145	537,145
Common stock - $1.00 par value; authorized 342,857,143 shares; issued 171,873,265 and 171,360,188, respectively; outstanding 146,418,407 and 146,705,330, respectively	171,873	171,360
Additional paid-in capital	3,957,576	3,955,819
Treasury stock, at cost; 25,454,858 and $24,654,858 shares, respectively	(974,499)	(944,484)
Accumulated other comprehensive income (loss), net	(1,248,194)	(1,117,073)
Retained earnings	2,574,017	2,517,226
Total Synovus Financial Corp. shareholders' equity	5,017,918	5,119,993
Noncontrolling interest in subsidiary	23,718	24,155
Total equity	5,041,636	5,144,148
Total liabilities and equity	$ 59,835,120	$ 59,809,534
Treasury stock, shares at cost (in shares)	25,454,858	24,654,858

About Synovus Financial Corp

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its consumer banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; internet-based banking services; and bank credit and debit card services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, and trust and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia.

CEO	Mr. Kevin S. Blair
WEBSITE	synovus.com
INDUSTRY	Banks Diversified
EMPLOYEES	5097

Synovus Financial Corp Frequently Asked Questions

What is the ticker symbol for Synovus Financial Corp? What does SNV stand for in stocks?

SNV is the stock ticker symbol of Synovus Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Synovus Financial Corp (SNV)?

As of Wed May 15 2024, market cap of Synovus Financial Corp is 5.88 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SNV stock?

You can check SNV's fair value in chart for subscribers.

What is the fair value of SNV stock?

You can check SNV's fair value in chart for subscribers. The fair value of Synovus Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Synovus Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SNV so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Synovus Financial Corp a good stock to buy?

The fair value guage provides a quick view whether SNV is over valued or under valued. Whether Synovus Financial Corp is cheap or expensive depends on the assumptions which impact Synovus Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SNV.

What is Synovus Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 15 2024, SNV's PE ratio (Price to Earnings) is 12.88 and Price to Sales (PS) ratio is 1.89. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SNV PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Synovus Financial Corp's stock?

In the past 10 years, Synovus Financial Corp has provided 0.089 (multiply by 100 for percentage) rate of return.