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Synovus Financial

DB:SYU1
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SYU1
DB
$6B
Market Cap
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Last updated 2019/05/22 20:33
Company description

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. The last earnings update was 19 days ago. More info.

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SYU1 Share Price and Events
7 Day Returns
1.6%
DB:SYU1
-4.6%
DE Banks
-0%
DE Market
1 Year Returns
-33.8%
DB:SYU1
-26.9%
DE Banks
-11.5%
DE Market
SYU1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Synovus Financial (SYU1) 1.6% -3.5% -11.4% -33.8% 9.9% 88.8%
DE Banks -4.6% -7.9% 4.6% -26.9% -1.7% -26.6%
DE Market -0% -3.3% 2.1% -11.5% 8.9% 8.1%
1 Year Return vs Industry and Market
  • SYU1 underperformed the Banks industry which returned -26.9% over the past year.
  • SYU1 underperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
SYU1
Industry
5yr Volatility vs Market

SYU1 Value

 Is Synovus Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Synovus Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Synovus Financial.

DB:SYU1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 14 analysts.
= Stable Book Value * Return on Equity
= $30.89 * 14.3% 		$4.41
Book Value of Equity per Share Weighted future Book Value estimates from 13 analysts. $30.89
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SYU1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 21%) (66.79%)) 		0.93
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.93 * 5.96%) 		5.77%

Discounted Cash Flow Calculation for DB:SYU1 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Synovus Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:SYU1 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.3% – 5.77%) * $30.89) 		$2.63
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.63 / (5.77% - 0.23%) 		$47.40
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $30.89 + $47.40 		$78.29
DB:SYU1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SYU1 represents 0.88188x of NYSE:SNV
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.88188x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (USD) x Listing Adjustment Factor
= $ 78.29 x 0.88188 		€69.04
Value per share (EUR) From above. €69.04
Current discount Discount to share price of €30.91
= -1 x (€30.91 - €69.04) / €69.04 		55.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Synovus Financial is available for.
Intrinsic value
>50%
Share price is €30.91 vs Future cash flow value of €69.04
Current Discount Checks
For Synovus Financial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Synovus Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Synovus Financial's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Synovus Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Synovus Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SYU1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.33
NYSE:SNV Share Price ** NYSE (2019-05-22) in USD $35.05
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.69x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Synovus Financial.

DB:SYU1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SNV Share Price ÷ EPS (both in USD)

= 35.05 ÷ 3.33

 10.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Synovus Financial is good value based on earnings compared to the DE Banks industry average.
  • Synovus Financial is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Synovus Financial's expected growth come at a high price?
Raw Data
DB:SYU1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts		 10.6%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.77x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

DB:SYU1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.53x ÷ 10.6%

 1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Synovus Financial is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Synovus Financial's assets?
Raw Data
DB:SYU1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $27.96
NYSE:SNV Share Price * NYSE (2019-05-22) in USD $35.05
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.91x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:SYU1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SNV Share Price ÷ Book Value per Share (both in USD)

= 35.05 ÷ 27.96

 1.25x

* Primary Listing of Synovus Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Synovus Financial is overvalued based on assets compared to the DE Banks industry average.
Show me more potentially undervalued companies in the Banks industry
X
Value checks
We assess Synovus Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
    5. Synovus Financial has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SYU1 Future Performance

 How is Synovus Financial expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Synovus Financial expected to grow at an attractive rate?
  • Synovus Financial's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Synovus Financial's earnings growth is positive but not above the Germany market average.
  • Synovus Financial's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SYU1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SYU1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 10.6%
DB:SYU1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 5.8%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 13.3%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SYU1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SYU1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,091 682 2
2020-12-31 1,990 651 10
2019-12-31 1,947 605 10
DB:SYU1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,501 599 427
2018-12-31 1,377 538 410
2018-09-30 1,354 525 336
2018-06-30 1,364 627 332
2018-03-31 1,327 578 297
2017-12-31 1,301 631 265
2017-09-30 1,271 619 304
2017-06-30 1,202 505 271
2017-03-31 1,176 506 256
2016-12-31 1,144 466 237
2016-09-30 1,119 460 226
2016-06-30 1,100 533 219

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Synovus Financial's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • Synovus Financial's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SYU1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Synovus Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SYU1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.55 4.60 4.50 2.00
2020-12-31 4.16 4.40 4.00 16.00
2019-12-31 3.71 3.90 3.50 16.00
DB:SYU1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.33
2018-12-31 3.49
2018-09-30 2.83
2018-06-30 2.78
2018-03-31 2.47
2017-12-31 2.19
2017-09-30 2.49
2017-06-30 2.22
2017-03-31 2.08
2016-12-31 1.90
2016-09-30 1.79
2016-06-30 1.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Synovus Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Synovus Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Synovus Financial has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SYU1 Past Performance

  How has Synovus Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Synovus Financial's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Synovus Financial's year on year earnings growth rate has been positive over the past 5 years.
  • Synovus Financial's 1-year earnings growth exceeds its 5-year average (44% vs 18.5%)
  • Synovus Financial's earnings growth has exceeded the DE Banks industry average in the past year (44% vs 5.4%).
Earnings and Revenue History
Synovus Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Synovus Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SYU1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,501.24 426.91 727.40
2018-12-31 1,376.81 410.48 690.15
2018-09-30 1,353.53 335.61 682.74
2018-06-30 1,363.55 331.72 676.13
2018-03-31 1,326.91 296.55 666.71
2017-12-31 1,301.45 265.24 657.17
2017-09-30 1,270.53 304.18 640.34
2017-06-30 1,202.40 271.42 629.05
2017-03-31 1,175.50 255.87 617.22
2016-12-31 1,144.37 236.55 604.66
2016-09-30 1,118.57 226.39 597.31
2016-06-30 1,100.27 219.08 587.92
2016-03-31 1,083.47 214.41 579.15
2015-12-31 1,076.23 215.84 573.36
2015-09-30 1,066.27 210.62 574.65
2015-06-30 1,060.78 199.48 571.25
2015-03-31 1,051.09 190.56 573.12
2014-12-31 1,041.77 185.01 568.23
2014-09-30 1,028.41 170.25 563.53
2014-06-30 1,022.79 163.21 566.91
2014-03-31 1,020.72 149.61 564.02
2013-12-31 994.17 118.55 559.37
2013-09-30 884.76 792.01 561.64
2013-06-30 845.98 770.85 557.02
2013-03-31 837.50 764.94 558.14
2012-12-31 847.71 771.51 567.37
2012-09-30 952.73 74.98 557.13
2012-06-30 990.39 74.62 558.52

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Synovus Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Synovus Financial used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Synovus Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Show me more strong past performing companies in the Banks industry
X
Past performance checks
We assess Synovus Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Synovus Financial has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SYU1 Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Synovus Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Synovus Financial Company Filings, last reported 1 month ago.

DB:SYU1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,597.75 3,687.31 653.21
2018-12-31 3,133.60 2,563.06 1,140.43
2018-09-30 3,040.07 2,349.41 506.45
2018-06-30 3,167.69 1,889.72 1,034.12
2018-03-31 2,956.50 2,062.02 1,015.32
2017-12-31 2,961.57 1,884.43 890.18
2017-09-30 2,997.08 2,041.24 1,657.61
2017-06-30 2,997.95 2,276.07 748.29
2017-03-31 2,962.13 2,329.24 919.58
2016-12-31 2,927.92 2,343.88 836.75
2016-09-30 2,906.66 2,390.83 1,273.57
2016-06-30 2,951.66 2,423.17 1,211.11
2016-03-31 2,953.27 2,601.25 1,189.54
2015-12-31 3,000.20 2,391.36 1,130.92
2015-09-30 3,017.12 2,209.88 1,106.64
2015-06-30 3,006.16 2,357.49 1,586.03
2015-03-31 3,030.64 2,351.12 1,680.37
2014-12-31 3,041.27 2,299.79 1,173.83
2014-09-30 3,076.55 2,273.12 1,098.78
2014-06-30 3,053.05 2,422.86 1,258.28
2014-03-31 2,998.50 2,310.28 1,323.27
2013-12-31 2,948.99 2,223.42 1,077.00
2013-09-30 2,931.86 2,126.23 1,437.71
2013-06-30 3,568.20 2,157.59 1,860.51
2013-03-31 3,578.11 1,950.41 1,850.73
2012-12-31 3,569.43 1,994.09 2,117.64
2012-09-30 2,875.70 1,898.96 1,423.27
2012-06-30 2,853.39 1,733.70 1,955.54
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Synovus Financial has an acceptable proportion of non-loan assets held.
  • Synovus Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at Synovus Financial are broadly funded by customer deposits.
  • Synovus Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Synovus Financial has a sufficient allowance for bad loans.
  • Synovus Financial has an acceptable level of bad loans (less than 2%).
Show me more healthy companies in the Banks industry
X
Financial health checks
We assess Synovus Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Synovus Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SYU1 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.42%
Current annual income from Synovus Financial dividends. Estimated to be 3.61% next year.
If you bought €2,000 of Synovus Financial shares you are expected to receive €68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Synovus Financial's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Synovus Financial's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SYU1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SYU1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.29 2.00
2020-12-31 1.33 14.00
2019-12-31 1.20 14.00
DB:SYU1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-05 1.200 3.322
2019-02-28 1.200 3.026
2019-01-15 1.200 3.233
2018-12-03 1.000 3.020
2018-09-04 1.000 2.399
2018-06-08 1.000 1.917
2018-01-23 1.000 1.941
2017-12-08 0.600 1.219
2017-09-08 0.600 1.300
2017-06-02 0.600 1.393
2017-03-03 0.600 1.448
2017-02-27 0.600 1.397
2017-01-17 0.600 1.432
2016-12-02 0.480 1.168
2016-09-01 0.480 1.412
2016-06-02 0.480 1.571
2016-03-04 0.480 1.599
2015-12-03 0.480 1.623
2015-11-05 0.480 1.456
2015-10-20 0.480 1.518
2015-09-02 0.400 1.337
2015-06-04 0.400 1.299
2015-03-04 0.400 1.419
2014-10-21 0.400 1.528
2014-09-03 0.280 1.171
2014-05-20 0.280 1.175
2014-03-07 0.280 1.207
2013-12-05 0.280 1.151
2013-09-04 0.280 1.211
2013-06-05 0.280 1.295
2013-03-05 0.280 1.473
2012-11-28 0.280 1.584
2012-08-21 0.280 1.728
2012-05-30 0.280 2.118
2012-03-05 0.280 1.964
2011-11-29 0.280 2.434
2011-08-22 0.280 3.011
2011-05-23 0.280 2.114
2011-02-24 0.280 1.593
2010-12-06 0.280 1.503
2010-09-01 0.280 1.756
2010-06-08 0.280 1.599
2010-03-11 0.280 1.261
2009-12-15 0.280 1.588
2009-09-14 0.280 1.587
2009-06-10 0.280 1.207

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Synovus Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
Show me more dividend paying companies in the Banks industry
X
Income/ dividend checks
We assess Synovus Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Synovus Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Synovus Financial has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SYU1 Management

 What is the CEO of Synovus Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kessel Stelling
COMPENSATION $5,868,210
AGE 62
TENURE AS CEO 8.9 years
CEO Bio

Mr. Kessel D. Stelling, Jr., has been the Chairman of Synovus Financial Corporation since January 1, 2012 and its Chief Executive Officer since September October 2010 and President since February 22, 2010. Mr. Stelling served as the Chief Operating Officer at Synovus Financial Corp. since February 22, 2010 and Acting Chief Executive Officer since June, 2010. He served as the Chief Executive Officer and President of Bank of North Georgia of Synovus Financial Corp. until February 22, 2010 and its subsidiary Synovus Regional 's Chief Executive Officer for the Atlanta market since 2008. Mr. Stelling served as the Chairman and Chief Executive Officer of Riverside Bancshares, Inc. and Riverside Bank. Mr. Stelling served as the President of the Cobb YMCA. He served as the Interim President of the Cobb Chamber of Commerce. from 1994 to 1995 and its Chairman from 1998 to 2006 and as its interim Chief Executive Officer. He served as the Chairman of the United Way of Cobb County, Chairman of the Regional Business Coalition and Chairman of the Cumberland Community Improvement District. He began his banking career with First Railroad and Banking Company in Augusta where he worked for 11 years. He served as Senior Vice President of First National Bank of Cobb County from 1985 to 1990 and then as Executive Vice President of The Chattahoochee Bank in Marietta, Georgia, from 1990 to 1994. Mr. Stelling also served as Chairman the Metro Atlanta Chamber of Commerce since 2008. He has been a Director of Synovus Financial Corporation since 2010 and Georgia Power Co. since January 1, 2016. He served as Director of Bank of North Georgia. He serves as the Sixth Congressional District Representative to the Board of Regents of the University System of Georgia and member of the Dean's Advisory Council of the University Of Georgia Terry College Of Business. Mr. Stelling is a Trustee of Kennesaw State University and a Board Member of the Cobb Community Foundation, Wellstar Health Systems, Development Authority of Cobb County and The Georgian Club. He serves as a Director of the Metro Atlanta Chamber of Commerce and Cobb Chamber of Commerce. Mr. Stelling was named Marietta Daily Journal's Cobb County Citizen of the Year in 2003 and one of the '100 Most Influential Georgians' in Georgia Trend in 2009. The University Of Georgia Terry College Of Business presented Stelling with the 'Distinguished Alumni Award' in 2009. Mr. Stelling is a Graduate from Graduate School of Banking of the South at Louisiana State University and bachelor's degree from University of Georgia.

CEO Compensation
  • Kessel's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kessel's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Synovus Financial management team in years:

5.3
Average Tenure
55
Average Age
  • The average tenure for the Synovus Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kessel Stelling

TITLE
Chairman
COMPENSATION
$6M
AGE
62
TENURE
8.9 yrs

Kevin Blair

TITLE
Senior EVP
COMPENSATION
$2M
AGE
47
TENURE
2.8 yrs

Mark Holladay

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
$1M
AGE
63
TENURE
19.1 yrs

Bart Singleton

TITLE
Executive VP & President of Financial Management Services
COMPENSATION
$1M
AGE
54
TENURE
11.4 yrs

Jill Hurley

TITLE
Chief Accounting Officer
AGE
38
TENURE
0.8 yrs

Santosh Kokate

TITLE
Chief Technology Officer
TENURE
3.5 yrs

Steve Adams

TITLE
Senior Director

Allan Kamensky

TITLE
Executive VP
COMPENSATION
$1M
AGE
56
TENURE
5.3 yrs

Gloria Banks

TITLE
Chief Compliance Officer

Alison Dowe

TITLE
Chief Communications & Corporate Responsibility Officer
Board of Directors Tenure

Average tenure and age of the Synovus Financial board of directors in years:

5.1
Average Tenure
65
Average Age
  • The tenure for the Synovus Financial board of directors is about average.
Board of Directors

Kessel Stelling

TITLE
Chairman
COMPENSATION
$6M
AGE
62
TENURE
7.3 yrs

Elizabeth Camp

TITLE
Lead Director
COMPENSATION
$77K
AGE
66
TENURE
2.3 yrs

Joe Prochaska

TITLE
Director
COMPENSATION
$75K
AGE
67
TENURE
8.1 yrs

Tim Bentsen

TITLE
Director
COMPENSATION
$183K
AGE
64
TENURE
5.1 yrs

Harris Pastides

TITLE
Director
COMPENSATION
$87K
AGE
64
TENURE
5.1 yrs

Steve Butler

TITLE
Director
COMPENSATION
$153K
AGE
67
TENURE
7.1 yrs

Barry Storey

TITLE
Director
COMPENSATION
$81K
AGE
58
TENURE
6.1 yrs

Frederick Brooke

TITLE
Director
COMPENSATION
$159K
AGE
70
TENURE
2.3 yrs

Diana Murphy

TITLE
Director
COMPENSATION
$78K
AGE
61
TENURE
1.8 yrs

John Stallworth

TITLE
Director
COMPENSATION
$80K
AGE
66
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Dec 18 Buy Kessel Stelling Individual 06. Dec 18 06. Dec 18 7,500 €30.53 €228,996
16. Nov 18 Sell Allen Gula Individual 15. Nov 18 15. Nov 18 -1,400 €32.96 €-46,145
25. Oct 18 Buy Joseph Prochaska Individual 25. Oct 18 25. Oct 18 1,000 €32.65 €32,648
25. Oct 18 Buy Tim Bentsen Individual 25. Oct 18 25. Oct 18 1,890 €32.72 €61,838
25. Oct 18 Buy Elizabeth Camp Individual 25. Oct 18 25. Oct 18 3,000 €32.51 €97,523
25. Oct 18 Buy Kevin Blair Individual 25. Oct 18 25. Oct 18 750 €32.69 €24,519
02. Aug 18 Buy Kevin Blair Individual 02. Aug 18 02. Aug 18 1,310 €42.56 €55,753
30. Jul 18 Buy Allan Kamensky Individual 27. Jul 18 27. Jul 18 1,000 €42.96 €42,961
27. Jul 18 Buy Diana Murphy Individual 27. Jul 18 27. Jul 18 2,000 €42.64 €85,271
X
Management checks
We assess Synovus Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Synovus Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SYU1 News

Simply Wall St News

SYU1 Company Info

Description

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company’s commercial banking services comprise treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services consist of 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 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, asset management and financial planning services, and individual investment advice on equity and other securities, as well as trust services. As of December 31, 2018, it operated through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corp. was founded in 1888 and is headquartered in Columbus, Georgia.

Details
Name: Synovus Financial Corp.
SYU1
Exchange: DB
Founded: 1888
$4,950,153,986
157,501,073
Website: http://www.synovus.com
Address: Synovus Financial Corp.
1111 Bay Avenue,
Suite 500,
Columbus,
Georgia, 31901,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SNV Common Stock New York Stock Exchange US USD 02. Jan 1980
DB SYU1 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
NYSE SNV.PRD PERP PFD SER D New York Stock Exchange US USD 13. Jun 2018
Number of employees
Current staff
Staff numbers
4,651
Synovus Financial employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 20:33
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

Related Companies

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