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Synovus Financial DB:SYU1 Stock Report

Last Price


Market Cap







03 Jul, 2022


Company Financials +
SYU1 fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance5/6
Financial Health6/6

SYU1 Stock Overview

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services.

Synovus Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Synovus Financial
Historical stock prices
Current Share PriceUS$34.00
52 Week HighUS$47.00
52 Week LowUS$32.80
1 Month Change-15.00%
3 Month Change-21.66%
1 Year Change-9.09%
3 Year Change11.99%
5 Year Change-12.27%
Change since IPO-76.50%

Recent News & Updates

Shareholder Returns

SYU1DE BanksDE Market

Return vs Industry: SYU1 exceeded the German Banks industry which returned -13.5% over the past year.

Return vs Market: SYU1 exceeded the German Market which returned -23.9% over the past year.

Price Volatility

Is SYU1's price volatile compared to industry and market?
SYU1 volatility
SYU1 Average Weekly Movement4.7%
Banks Industry Average Movement4.6%
Market Average Movement5.6%
10% most volatile stocks in DE Market9.9%
10% least volatile stocks in DE Market2.8%

Stable Share Price: SYU1 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SYU1's weekly volatility (5%) has been stable over the past year.

About the Company

18884,907Kevin Blair

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.

Synovus Financial Fundamentals Summary

How do Synovus Financial's earnings and revenue compare to its market cap?
SYU1 fundamental statistics
Market CapUS$5.36b
Earnings (TTM)US$711.25m
Revenue (TTM)US$2.07b


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SYU1 income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$2.07b
Other ExpensesUS$1.36b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 21, 2022

Earnings per share (EPS)4.89
Gross Margin100.00%
Net Profit Margin34.33%
Debt/Equity Ratio31.9%

How did SYU1 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is SYU1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SYU1?

Other financial metrics that can be useful for relative valuation.

SYU1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does SYU1's PE Ratio compare to its peers?

SYU1 PE Ratio vs Peers
The above table shows the PE ratio for SYU1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.7x
CBK Commerzbank
UBK UmweltBank
ARL Aareal Bank
PBB Deutsche Pfandbriefbank
SYU1 Synovus Financial

Price-To-Earnings vs Peers: SYU1 is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

How does SYU1's PE Ratio compare vs other companies in the European Banks Industry?

Price-To-Earnings vs Industry: SYU1 is good value based on its Price-To-Earnings Ratio (7.5x) compared to the European Banks industry average (8.7x)

Price to Earnings Ratio vs Fair Ratio

What is SYU1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SYU1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio10.4x

Price-To-Earnings vs Fair Ratio: SYU1 is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).

Share Price vs Fair Value

What is the Fair Price of SYU1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SYU1 (€34) is trading below our estimate of fair value (€142.28)

Significantly Below Fair Value: SYU1 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: SYU1 is poor value based on its PEG Ratio (1x)

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Future Growth

How is Synovus Financial forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score


Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SYU1's forecast earnings growth (7.5% per year) is above the savings rate (-0.01%).

Earnings vs Market: SYU1's earnings (7.5% per year) are forecast to grow slower than the German market (8.4% per year).

High Growth Earnings: SYU1's earnings are forecast to grow, but not significantly.

Revenue vs Market: SYU1's revenue (7.2% per year) is forecast to grow faster than the German market (4.7% per year).

High Growth Revenue: SYU1's revenue (7.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SYU1's Return on Equity is forecast to be low in 3 years time (15.4%).

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Past Performance

How has Synovus Financial performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SYU1 has high quality earnings.

Growing Profit Margin: SYU1's current net profit margins (34.3%) are higher than last year (26.4%).

Past Earnings Growth Analysis

Earnings Trend: SYU1's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: SYU1's earnings growth over the past year (45.4%) exceeds its 5-year average (18.1% per year).

Earnings vs Industry: SYU1 earnings growth over the past year (45.4%) exceeded the Banks industry 33.6%.

Return on Equity

High ROE: SYU1's Return on Equity (15.4%) is considered low.

Discover strong past performing companies

Financial Health

How is Synovus Financial's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score


Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: SYU1's Assets to Equity ratio (11.7x) is moderate.

Allowance for Bad Loans: SYU1 has a sufficient allowance for bad loans (314%).

Low Risk Liabilities: 94% of SYU1's liabilities are made up of primarily low risk sources of funding.

Loan Level: SYU1 has an appropriate level of Loans to Assets ratio (70%).

Low Risk Deposits: SYU1's Loans to Deposits ratio (82%) is appropriate.

Level of Bad Loans: SYU1 has an appropriate level of bad loans (0.3%).

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What is Synovus Financial current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SYU1's dividend (3.69%) is higher than the bottom 25% of dividend payers in the German market (1.5%).

High Dividend: SYU1's dividend (3.69%) is low compared to the top 25% of dividend payers in the German market (4.56%).

Stability and Growth of Payments

Stable Dividend: SYU1's dividends per share have been stable in the past 10 years.

Growing Dividend: SYU1's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.3%), SYU1's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: SYU1's dividends in 3 years are forecast to be well covered by earnings (27.2% payout ratio).

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Kevin Blair (51 yo)





Mr. Kevin S. Blair serves as President and Chief Executive Officer at Synovus Financial Corp. since December 12, 2019 and April 22, 2021, respectively. He joined Synovus Bank in August 2016 as Executive Vi...

CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD5.64M) is above average for companies of similar size in the German market ($USD3.45M).

Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: SYU1's management team is considered experienced (2.8 years average tenure).

Board Members

Experienced Board: SYU1's board of directors are considered experienced (8.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: SYU1 insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Synovus Financial Corp.'s employee growth, exchange listings and data sources

Key Information

  • Name: Synovus Financial Corp.
  • Ticker: SYU1
  • Exchange: DB
  • Founded: 1888
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$5.360b
  • Listing Market Cap: US$5.153b
  • Shares outstanding: 145.34m
  • Website:

Number of Employees


  • Synovus Financial Corp.
  • 1111 Bay Avenue
  • Suite 500
  • Columbus
  • Georgia
  • 31901
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.