Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
12 September 1989Website:
http://www.synovus.comNext earnings report:
17 January 2025Last dividends:
19 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 22:12:21 GMTAnalysts recommendations
Institutional Ownership
SNV Latest News
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. announced pricing of its previous underwritten public offering of $500 million of fixed rate/floating rate senior notes.
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank recently named Rick Arbuckle as the senior director, middle market for wholesale banking.
Synovus Financial Corp. (NYSE:SNV ) Q3 2024 Earnings Conference Call October 17, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of IR Kevin Blair - Chairman, President and CEO Jamie Gregory - CFO Bob Derrick - Chief Credit Officer Conference Call Participants Brandon King - Truist Jared Shaw - Barclays Timur Braziler - Wells Fargo Ebrahim Poonawala - Bank of America Chris Marinac - Janney Montgomery Scott Tony Elian - JP Morgan Samuel Varga - UBS Stephen Scouten - Piper Sandler Michael Rose - Raymond James Gary Tenner - D.A. Davidson Catherine Mealor - KBW Russell Gunther - Stephens Operator Good morning.
Kevin Blair, Synovus CEO, joins 'Money Movers' to discuss Synovus' quarterly earnings results, if rates will give Synovus the runway to operate in this environment, and the paradigm shifts around interest rates' impact on banks.
The headline numbers for Synovus (SNV) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended Sept. 30, 2024.
Synovus Financial (SNV) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.84 per share a year ago.
Evaluate the expected performance of Synovus (SNV) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Synovus Financial Fixed-Rate Reset Non-Cumulative Preferred E offers an 8.507% coupon after resetting, with the next call date and dividend reset in July 2029. Comparative analysis shows it will likely yield higher than the D series and other regional banks' preferreds after the Fed cuts interest rates. Risk factors include non-cumulative dividends and a lower S&P rating than some of its peers.
Synovus (SNV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
What type of business is Synovus Financial?
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 lending services. 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, including Visa and MasterCard 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, trust management, 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.
What sector is Synovus Financial in?
Synovus Financial is in the Financial Services sector
What industry is Synovus Financial in?
Synovus Financial is in the Banks - Regional industry
What country is Synovus Financial from?
Synovus Financial is headquartered in United States
When did Synovus Financial go public?
Synovus Financial initial public offering (IPO) was on 12 September 1989
What is Synovus Financial website?
https://www.synovus.com
Is Synovus Financial in the S&P 500?
No, Synovus Financial is not included in the S&P 500 index
Is Synovus Financial in the NASDAQ 100?
No, Synovus Financial is not included in the NASDAQ 100 index
Is Synovus Financial in the Dow Jones?
No, Synovus Financial is not included in the Dow Jones index
When was Synovus Financial the previous earnings report?
No data
When does Synovus Financial earnings report?
The next expected earnings date for Synovus Financial is 17 January 2025