Synovus Financial (DB:SYU1) - Stock Price, News & Analysis

SYU1 Stock Overview

Operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services.

About the company

SYU1 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 65.2% below our estimate of its fair value

Earnings are forecast to grow 39.87% per year

Risk Analysis

Profit margins (14.2%) are lower than last year (33.6%)

Dividend of 3.47% is either not well covered by earnings currently or not forecast to be covered

Synovus Financial Corp. Competitors

Commerzbank

XTRA:CBK

€19.5b

Prosperity Bancshares

NYSE:PB

US$6.7b

Zions Bancorporation National Association

NasdaqGS:ZION

US$6.9b

BOK Financial

NasdaqGS:BOKF

US$6.7b

Price History & Performance

Summary of all time highs, changes and price drops for Synovus Financial
Historical stock prices
Current Share Price	US$38.80
52 Week High	US$43.60
52 Week Low	US$23.40
Beta	1.41
11 Month Change	-5.37%
3 Month Change	4.86%
1 Year Change	51.56%
33 Year Change	3.19%
5 Year Change	25.97%
Change since IPO	-73.18%

Recent updates

Shareholder Returns

	SYU1	DE Banks	DE Market
7D	-3.5%	0.9%	4.5%
1Y	51.6%	22.9%	13.4%

Return vs Industry: SYU1 exceeded the German Banks industry which returned 22.9% over the past year.

Return vs Market: SYU1 exceeded the German Market which returned 13.4% over the past year.

Price Volatility

Is SYU1's price volatile compared to industry and market?
SYU1 volatility
SYU1 Average Weekly Movement	5.9%
Banks Industry Average Movement	3.1%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	11.6%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: SYU1 has not had significant price volatility in the past 3 months.

Volatility Over Time: SYU1's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1888	4,727	Kevin Blair	www.synovus.com

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.

Synovus Financial Corp. Fundamentals Summary

How do Synovus Financial's earnings and revenue compare to its market cap?
SYU1 fundamental statistics
Market cap	€5.65b
Earnings (TTM)	€214.18m
Revenue (TTM)	€1.51b

26.4x

P/E Ratio

1.4x

P/B Ratio

Is SYU1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SYU1 income statement (TTM)
Revenue	US$1.69b
Cost of Revenue	US$0
Gross Profit	US$1.69b
Other Expenses	US$1.45b
Earnings	US$239.15m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 16, 2024

Earnings per share (EPS)	1.66
Gross Margin	100.00%
Net Profit Margin	14.17%
Debt/Equity Ratio	52.4%

How did SYU1 perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

93%

Payout Ratio

SYU1 Stock Overview

Rewards

Risk Analysis

Synovus Financial Corp. Competitors

XTRA:CBK

€19.5b

NYSE:PB

US$6.7b

NasdaqGS:ZION

US$6.9b

NasdaqGS:BOKF

US$6.7b

Price History & Performance

Recent News & Updates

Second quarter dividend of US$0.38 announced

Synovus Financial Corp. Announces Quarterly Dividends, Payable on October 1, 2024

Second quarter 2024 earnings released: US$0.096 loss per share (vs US$1.14 profit in 2Q 2023)

Synovus Financial Corp. to Report Q2, 2024 Results on Jul 17, 2024

Insider recently bought €848k worth of stock

First quarter dividend of US$0.38 announced

Recent updates

Second quarter dividend of US$0.38 announced

Synovus Financial Corp. Announces Quarterly Dividends, Payable on October 1, 2024

Second quarter 2024 earnings released: US$0.096 loss per share (vs US$1.14 profit in 2Q 2023)

Synovus Financial Corp. to Report Q2, 2024 Results on Jul 17, 2024

Insider recently bought €848k worth of stock

First quarter dividend of US$0.38 announced

Synovus Financial Corp. Announces Quarterly Dividends, Payable on July 1, 2024

Executive VP & CFO recently bought €1.0m worth of stock

First quarter 2024 earnings released: EPS: US$0.78 (vs US$1.33 in 1Q 2023)

Synovus Financial Corp., Annual General Meeting, Apr 24, 2024

First quarter 2024 earnings released: EPS: US$0.85 (vs US$1.33 in 1Q 2023)

Synovus Introduces Accelerate Pay for Business Payments

Synovus Financial Corp. to Report Q1, 2024 Results on Apr 17, 2024

Upcoming dividend of US$0.38 per share

Fourth quarter dividend of US$0.38 announced

Synovus Announces Quarterly Dividends, Payable on April 1, 2024

Full year 2023 earnings released: EPS: US$3.48 (vs US$4.99 in FY 2022)

Full year 2023 earnings released: EPS: US$3.48 (vs US$4.99 in FY 2022)

Synovus Financial Corp. to Report Q4, 2023 Results on Jan 17, 2024

Upcoming dividend of US$0.38 per share at 4.3% yield

Executive VP & General Counsel recently sold €626k worth of stock

Investor sentiment improves as stock rises 16%

Synovus Announces Quarterly Common Stock Dividends, Payable on January 2, 2024

Synovus Financial Corp. Announces Offer to Purchase Up to $150 Million Aggregate Principal Amount of Its 5.900% Fixed-To-Fixed Rate Subordinated Notes Due 2029

Synovus Financial Corp. Provides Revenue Guidance for the Full Year 2023

Synovus Financial Corp. Provides Revenue Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$0.60 (vs US$1.34 in 3Q 2022)

Synovus Financial Corp. to Report Q3, 2023 Results on Oct 19, 2023

Upcoming dividend of US$0.38 per share at 5.0% yield

Synovus Financial Corp. Declares Quarterly Dividend on its Common Stock, Payable on October 2, 2023

Synovus Financial Corp. Reports Net Charge Off for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$1.14 (vs US$1.17 in 2Q 2022)

Synovus Names Jennifer Demba Director of Investor Relations

Synovus Financial Corp. to Report Q2, 2023 Results on Jul 20, 2023

Investor sentiment improves as stock rises 18%

Upcoming dividend of US$0.38 per share at 4.9% yield

Synovus Financial Corp. Declares Quarterly Dividend, Payable on July 3, 2023

Executive VP & CFO recently bought €55k worth of stock

First quarter 2023 earnings released: EPS: US$1.33 (vs US$1.12 in 1Q 2022)

Investor sentiment deteriorates as stock falls 26%

Upcoming dividend of US$0.38 per share at 3.9% yield

Full year 2022 earnings released: EPS: US$4.99 (vs US$4.95 in FY 2021)

Insider recently sold €79k worth of stock

Full year 2022 earnings released: EPS: US$4.99 (vs US$4.95 in FY 2021)

Synovus Financial Corp. Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2022

Synovus Financial Corp. to Report Q4, 2022 Results on Jan 19, 2023

Synovus Financial Corp. Announces Management Changes

Upcoming dividend of US$0.34 per share

Synovus Financial Corp. Announces Quarterly Dividend, Payable on Jan. 3, 2023

Synovus Financial Corp. Appoints Stephanie Wise as Bank Secrecy Act and Anti-Money Laundering Executive Director

Third quarter 2022 earnings released: EPS: US$1.34 (vs US$1.22 in 3Q 2021)

Synovus Financial Corp. Announces Executive Changes

Synovus Financial Corp. to Report Q3, 2022 Results on Oct 20, 2022

Upcoming dividend of US$0.34 per share

Synovus Financial Corp. Announces Quarterly Dividend, Payable on October 3, 2022

Synovus Financial Corp. Appoints Shellie Creson as Chief Risk Officer

Second quarter 2022 earnings released: EPS: US$1.17 (vs US$1.20 in 2Q 2021)

Synovus Financial Corp. Reports Net Charge Off for the Second Quarter Ended June 30, 2022

Synovus Financial Corp. Announces Board Appointments, Effective July 1, 2022