Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company's commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail 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 financial planning services, as well as provides individual investment advice on equity and other securities. As of December 31, 2020, it operated through 289 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. The company was founded in 1888 and is headquartered in Columbus, Georgia.
IPO Year:
Exchange: NYSE
Website: synovus.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/2/2025 | Outperform → Mkt Perform | Raymond James | |
| 12/17/2024 | Buy | UBS | |
| 12/9/2024 | $64.00 | Buy | Deutsche Bank |
| 10/10/2024 | $53.00 | Buy | Citigroup |
| 10/1/2024 | $48.00 → $46.00 | Overweight → Equal Weight | Wells Fargo |
| 9/17/2024 | $49.00 | Mkt Perform → Outperform | Raymond James |
| 6/24/2024 | $39.00 → $46.00 | Equal Weight → Overweight | Barclays |
| 4/19/2024 | $46.00 → $38.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 4/18/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 3/8/2024 | $42.00 | Equal Weight | Barclays |
Raymond James downgraded Synovus from Outperform to Mkt Perform
UBS resumed coverage of Synovus with a rating of Buy
Deutsche Bank initiated coverage of Synovus with a rating of Buy and set a new price target of $64.00
Citigroup initiated coverage of Synovus with a rating of Buy and set a new price target of $53.00
Wells Fargo downgraded Synovus from Overweight to Equal Weight and set a new price target of $46.00 from $48.00 previously
Raymond James upgraded Synovus from Mkt Perform to Outperform and set a new price target of $49.00
Barclays upgraded Synovus from Equal Weight to Overweight and set a new price target of $46.00 from $39.00 previously
Keefe Bruyette downgraded Synovus from Outperform to Mkt Perform and set a new price target of $38.00 from $46.00 previously
Raymond James downgraded Synovus from Strong Buy to Mkt Perform
Barclays initiated coverage of Synovus with a rating of Equal Weight and set a new price target of $42.00
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Diluted earnings per share of $1.30 versus $0.78 in 1Q24 Adjusted diluted earnings per share of $1.30 versus $0.79 in 1Q24 Synovus Financial Corp. (NYSE:SNV) today reported financial results for the quarter ended March 31, 2025. "In the first quarter, we delivered 67% year-over-year earnings per share growth, fueled by net interest margin expansion, a lower provision for credit losses and excellent expense management. We also continued to build momentum, as funded loan production was at the highest level since the fourth quarter of 2022, and our credit losses declined to the lowest level in more than three years. As the quarter progressed, borrowers and investors grew more cautious ami
Synovus Financial Corp. (NYSE:SNV) has published its 2024 Annual Report, highlighting a year marked by strong financial performance, strategic growth and resilience. "I am filled with immense pride in what our bank has accomplished for our clients and the communities we serve," said Kevin Blair, chairman, CEO and president of Synovus. "We've entered 2025 with strong momentum, ready to seize new opportunities and accelerate strategic growth to benefit all stakeholders." Read the Synovus 2024 Annual Report to learn more about how the company delivered on its purpose and is well-positioned to achieve sustainable outperformance. Synovus Financial Corp. is a financial services company based i
Synovus Financial Corp. (NYSE:SNV) will announce first quarter 2025 earnings results after the market closes on Wednesday, April 16, 2025, and host a conference call at 8:30 a.m. ET on Thursday, April 17. A live audio webcast, listen-only conference call and presentation deck will be available with the news release and tables at https://investor.synovus.com/event. A replay will be posted on the company's website approximately one hour after the call ends and will be available with the news release and presentation deck for 12 months. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and
One of Atlanta's most cherished live music venues is getting a new name, as Synovus Bank becomes the naming rights partner for Chastain Park Amphitheater—now officially known as Synovus Bank Amphitheater at Chastain Park. With nearly 7,000 seats under the Georgia sky, the historic outdoor venue has been a cornerstone of Atlanta's music scene since 1944. The amphitheater has hosted iconic artists across every genre, from jazz and blues legends to today's top touring acts like Noah Kahan, Jill Scott and Tate McRae, making it a cultural landmark for music fans across the region. "Synovus is thrilled to announce our new partnership as the new naming rights sponsor for this well-known and ador
The board of directors of Synovus Financial Corp. (NYSE:SNV) has declared the following quarterly dividends: $0.39 per share on the company's common stock, payable on April 1, 2025, to shareholders of record as of March 20, 2025. $0.49693 per share on the company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on March 21, 2025, to shareholders of record as of March 15, 2025. $0.52481 per share on the company's Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on April 1, 2025, to shareholders of record as of March 15, 2025. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with app
Synovus Bank earned 15 2025 Coalition Greenwich Best Bank awards in U.S. Small Business Banking and U.S. Middle Market Banking for its performance in 2024. These awards from Crisil Coalition Greenwich, a global provider of strategic benchmarking, analytics and insights into the financial services industry, recognize exceptional service quality to small and middle market businesses. "When we put relationships first, success follows for our clients and the bank," said Synovus Chairman, CEO and President Kevin Blair. "This honor from Crisil Coalition Greenwich reinforces the trust we've built with clients and inspires us to act bolder in delivering exceptional value to them." Now consoli
Diluted earnings per share of $1.25 vs. $0.41 in 4Q23 Adjusted diluted earnings per share of $1.25 vs. $0.80 in 4Q23 Synovus Financial Corp. (NYSE:SNV) today reported financial results for the quarter and year ended Dec. 31, 2024. "Over the past year, Synovus has successfully implemented our relationship-building strategies, resulting in strong growth across core commercial lending, deposits and key fee-producing businesses. We maintained strict control over operating expenses, saw improvements in loan losses and increased our Common Equity Tier 1 ratio1 to the highest level in over 10 years. This momentum, as well as our financial position and accelerated growth orientation, positions
Synovus Financial Corp. (NYSE:SNV) Chairman, CEO and President Kevin Blair will participate in a fireside chat at the 2025 BofA Securities Financial Services Conference in Miami Beach, Florida, on Tuesday, Feb. 11, at 12:10 p.m. ET. A live webcast and replay will be available at https://investor.synovus.com/events. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and int
Synovus has named Katie Webb as its chief consumer digital and client experience officer. Webb will lead the consumer digital strategy, focusing on enhancing the client experience through strategic integration of physical and digital channels. She will drive the development of new digital capabilities and innovative experiences to ensure Synovus continues to meet the evolving needs of its growing client base. Webb reports to Liz Wolverton, executive vice president, head of consumer banking and brand experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250110644549/en/Katie Webb named chief consumer digital and client exper
Synovus Bank has named Walt Deriso as CEO and Hamilton Hilsman as president of The Family Office (TFO) at Synovus. Deriso will lead the overall direction of TFO, focusing on strengthening client relationships and expanding service offerings. Hilsman will lead the team's efforts to continue driving innovation in advisory services to ultra-high-net-worth families. Deriso will report to Wayne Akins, executive vice president, chief community banking and wealth services officer for Synovus. Hilsman will report to Deriso. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250107132141/en/Walt Deriso named CEO of The Family Office at Synov
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Diluted earnings per share of $1.30 versus $0.78 in 1Q24 Adjusted diluted earnings per share of $1.30 versus $0.79 in 1Q24 Synovus Financial Corp. (NYSE:SNV) today reported financial results for the quarter ended March 31, 2025. "In the first quarter, we delivered 67% year-over-year earnings per share growth, fueled by net interest margin expansion, a lower provision for credit losses and excellent expense management. We also continued to build momentum, as funded loan production was at the highest level since the fourth quarter of 2022, and our credit losses declined to the lowest level in more than three years. As the quarter progressed, borrowers and investors grew more cautious ami
Synovus Financial Corp. (NYSE:SNV) will announce first quarter 2025 earnings results after the market closes on Wednesday, April 16, 2025, and host a conference call at 8:30 a.m. ET on Thursday, April 17. A live audio webcast, listen-only conference call and presentation deck will be available with the news release and tables at https://investor.synovus.com/event. A replay will be posted on the company's website approximately one hour after the call ends and will be available with the news release and presentation deck for 12 months. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and
The board of directors of Synovus Financial Corp. (NYSE:SNV) has declared the following quarterly dividends: $0.39 per share on the company's common stock, payable on April 1, 2025, to shareholders of record as of March 20, 2025. $0.49693 per share on the company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on March 21, 2025, to shareholders of record as of March 15, 2025. $0.52481 per share on the company's Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on April 1, 2025, to shareholders of record as of March 15, 2025. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with app
Diluted earnings per share of $1.25 vs. $0.41 in 4Q23 Adjusted diluted earnings per share of $1.25 vs. $0.80 in 4Q23 Synovus Financial Corp. (NYSE:SNV) today reported financial results for the quarter and year ended Dec. 31, 2024. "Over the past year, Synovus has successfully implemented our relationship-building strategies, resulting in strong growth across core commercial lending, deposits and key fee-producing businesses. We maintained strict control over operating expenses, saw improvements in loan losses and increased our Common Equity Tier 1 ratio1 to the highest level in over 10 years. This momentum, as well as our financial position and accelerated growth orientation, positions
Synovus Financial Corp. (NYSE:SNV) will announce fourth quarter 2024 earnings results after the market closes on Wednesday, Jan. 15, 2025, and host a conference call at 8:30 a.m. ET on Thursday, Jan. 16. A live audio webcast, listen-only conference call and presentation deck will be available with the news release and tables at https://investor.synovus.com/event. A replay will be posted on the company's website approximately one hour after the call ends and will be available with the news release and presentation deck for 12 months. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial an
The board of directors of Synovus Financial Corp. (NYSE:SNV) has declared the following quarterly dividends: $0.38 per share on the company's common stock, payable on Jan. 2, 2025, to shareholders of record as of Dec. 19, 2024. $0.52874 per share on the company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on Dec. 23, 2024, to shareholders of record as of Dec. 15, 2024. $0.52481 per share on the company's Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on Jan. 2, 2025, to shareholders of record as of Dec. 15, 2024. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approxima
Diluted earnings per share of $1.18 versus $0.60 in 3Q23 Adjusted diluted earnings per share of $1.23 versus $0.84 in 3Q23 Synovus Financial Corp. (NYSE:SNV) today reported financial results for the quarter ended Sept. 30, 2024. "Our third quarter earnings results demonstrate strong fundamental trends. We posted an adjusted return on average assets of 1.3% and adjusted return on tangible common equity of 17.1% while managing down our adjusted tangible efficiency ratio to 53%. As we move to a more favorable environment, I remain optimistic about our ability to accelerate growth given increased loan production and sustained strong core fee generation. Additionally, we have further de-riske
Synovus Financial Corp. (NYSE:SNV) will announce third quarter 2024 earnings results after the market closes on Wednesday, Oct. 16, 2024, and host a conference call at 8:30 a.m. ET on Thursday, Oct. 17, 2024. A live audio webcast, listen-only conference call and presentation deck will be available with the news release and tables at http://investor.synovus.com/event. A replay will be posted on the company's website approximately one hour after the call ends and will be available with the news release and presentation deck for 12 months. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial
The board of directors of Synovus Financial Corp. (NYSE:SNV) has declared the following quarterly dividends: $0.38 per share on the company's common stock, payable on Oct. 1, 2024, to shareholders of record as of Sept. 19, 2024. $0.57251 per share on the company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on Sept. 23, 2024, to shareholders of record as of Sept. 15, 2024. $0.52481 per share on the company's Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on Oct. 1, 2024, to shareholders of record as of Sept. 15, 2024. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with appro
Diluted earnings (loss) per share of $(0.16) vs. $1.13 in 2Q23 Adjusted diluted earnings per share of $1.16 vs. $1.16 in 2Q23 Securities loss of $257 million impacts 2Q24 EPS, adjusted EPS up 47% from 1Q24 Synovus Financial Corp. (NYSE:SNV) today reported financial results for the quarter ended June 30, 2024. "Our core second quarter results reflect a significant increase in earnings driven by margin expansion, strong fee income generation and reduced credit costs. Our focus remains firmly on execution while minimizing uncertainty in performance associated with the net interest margin and credit costs. Our results for the quarter demonstrate our progress toward these goals. The dedi
Synovus Financial Corp. (NYSE:SNV) today announced the appointment of President and Chief Executive Officer Kevin Blair to chairman of the board, effective Jan. 1, 2023. Blair succeeds Kessel D. Stelling, who is retiring as chairman on Dec. 31, 2022, and will continue in an advisory role with the company until Jan. 1, 2025, as previously announced. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221215005041/en/Kevin Blair, Synovus President and Chief Executive Officer. (Photo: Business Wire) Blair has served as president and CEO of Synovus since April 2021. He joined Synovus in 2016 as executive vice president and chief financial
Synovus today announced the appointment of Shellie Creson as its chief risk officer. She succeeds Mark Holladay who retired from Synovus in March 2022. Creson reports to President and CEO Kevin Blair and joins the Synovus Executive Leadership Team. She leads the company's corporate risk management strategy, continuing to transform, strengthen and sustain its strong risk culture. Creson is based in Atlanta, Georgia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220802005257/en/Synovus Chief Risk Officer Shellie Creson (Photo: Business Wire) Prior to Synovus, Creson served as executive vice president and chief audit executive at F
Synovus Bank today announced the appointment of Ken Ho as its new chief analytics officer, a newly created role overseeing the company's execution of data sciences and advanced analytics to identify and implement opportunities that drive bottom line value across all business units. Ho will report to EVP and Head of Consumer Banking and Brand Experience Liz Wolverton. He will oversee the Synovus analytics team, charged with fully leveraging data and analytics to develop client and prospect insights to drive client acquisition and deepen client relationships. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220113005136/en/Ken Ho joi
Synovus Bank today announced the appointment of Tom Dierdorff as its new Head of Corporate & Investment Banking (CIB), effective November 29. Dierdorff most recently served as managing director and group head of financial services for Regions Bank and Regions Securities. Prior to Regions, he worked at SunTrust Robinson Humphrey for seven years where he built a universal banking coverage effort managing investment banking and corporate finance relationships with North America, Europe, and Bermuda-based property-casualty insurers, life insurers, insurance services providers, and financial sponsors active in the sector. He also worked in financial institutions corporate & investment banking fo
Synovus Financial Corp. (NYSE:SNV) today announced the appointment of Meredith Forrester as executive vice president and chief audit executive, effective September 8. She was most recently business, strategy and operations leader at Truist, following more than 15 years of leadership in risk management and audit at SunTrust. Forrester succeeds Steve Sawyer, who will retire after 41 years of service, including 18 years as chief executive auditor. "Meredith is a highly experienced audit and risk management executive, with a strong record of leading transformational initiatives and high-performing teams," said Kevin Blair, president and CEO of Synovus. "Under Steve's leadership, and in conjunc
Synovus Bank today announced the appointment of Jody Patton as CEO of its Northeast Georgia Division, effective July 1. Patton has served as Synovus' Augusta market executive since January 2018 and succeeds Bill Douglas, who will retire June 30 after 36 years with Synovus, including 19 as division CEO. Douglas will remain chairman of Synovus' Northeast Georgia Division Advisory Board following his retirement. "Jody is an exceptional banker, with a wealth of knowledge of industries and economic development opportunities in Northeast Georgia," said Wayne Akins, Synovus chief community banking officer. "While it's bittersweet to say goodbye to Bill, we are confident this transition will enabl
Upshaw Promoted to Chief of Staff Synovus Financial Corp (NYSE:SNV) today announced the appointment of Sharon Goodwine as executive vice president and chief human resources officer (CHRO), effective May 17. She was previously head of enterprise talent, executive vice president, at Wells Fargo, where she held a range of HR-related positions for more than 20 years. Goodwine succeeds Debra Stanford, who has served as acting CHRO since December 2019. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210505005228/en/Sharon Goodwine, Synovus Chief Human Resources Officer. (Photo: Business Wire) "As a growth-focused relationship bank, we
COLUMBUS, Ga.--(BUSINESS WIRE)--The Board of Directors of Synovus Financial Corp. (NYSE: SNV) has declared the following quarterly dividends: $0.33 per share on the company’s common stock, payable on January 4, 2021, to shareholders of record as of December 17, 2020. $0.39375 per share on the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on December 21, 2020, to shareholders of record as of December 15, 2020. $0.3671875 per share on the company’s Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on January 4, 2021, to shareholders of record as of December 15, 2020. Synovus Financial Corp. is a financia
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