Synovus Financial (SNV) Stock

COLUMBUS, Ga.--(BUSINESS WIRE)--The board of directors at Synovus Financial Corp. (NYSE: SNV) has announced the following quarterly dividends: $0.38 per share for common stock, which will be paid on January 2, 2025, to shareholders who are on record as of December 19, 2024. Additionally, there will be a dividend of $0.52874 per share for the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on December 23, 2024, to shareholders recorded by December 15, 2024. There is also a dividend of $0.52481 per share for the Fixed-Rate Reset.

Synovus Financial is handling changes in interest rates effectively, as their net interest income is increasing even without loan growth and while taking on more long-term debt. The Series E preferred shares are appealing because they have a fixed rate until 2029, providing stability in light of expected rate cuts. However, the bank faces risks from its significant involvement in non-owner occupied commercial real estate and nonaccrual loans, which could affect its future profits.

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has appointed Anne Fortner as the new executive vice president and chief credit officer, starting on March 31, 2025, as Bob Derrick prepares to retire.

Synovus (SNV) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.

Is Synovus Financial (SNV) a strong choice for momentum investors? Let's take a closer look.

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. has revealed the pricing for its earlier public offering of $500 million in senior notes with fixed and floating rates.

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank has appointed Rick Arbuckle as the senior director for middle market in wholesale banking.

Synovus Financial Corp. (NYSE:SNV) will hold its Q3 2024 Earnings Conference Call on October 17, 2024, at 8:30 AM ET. The call will feature company representatives including Jennifer Demba, Kevin Blair, Jamie Gregory, and Bob Derrick. Various participants from different financial institutions will also join the call.

Kevin Blair, the CEO of Synovus, appears on 'Money Movers' to talk about the company's quarterly earnings. He also shares his thoughts on whether current interest rates will allow Synovus to function effectively in today's market and discusses how changes in interest rates are affecting banks.