NYSE:SNV

Stock Analysis Report

Executive Summary

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services.


Snowflake Analysis

Flawless balance sheet 6 star dividend payer.


Similar Companies

Share Price & News

How has Synovus Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SNV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.8%

SNV

0.7%

US Banks

2.4%

US Market


1 Year Return

-50.8%

SNV

-28.9%

US Banks

-10.0%

US Market

Return vs Industry: SNV underperformed the US Banks industry which returned -34.8% over the past year.

Return vs Market: SNV underperformed the US Market which returned -15.9% over the past year.


Shareholder returns

SNVIndustryMarket
7 Day7.8%0.7%2.4%
30 Day-23.3%-18.9%-11.0%
90 Day-55.4%-39.2%-19.4%
1 Year-48.6%-50.8%-26.8%-28.9%-8.1%-10.0%
3 Year-52.5%-56.4%-17.2%-23.3%17.3%9.6%
5 Year-30.3%-37.8%8.1%-4.4%36.1%21.1%

Price Volatility Vs. Market

How volatile is Synovus Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Synovus Financial undervalued compared to its fair value and its price relative to the market?

49.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SNV ($14.55) is trading below our estimate of fair value ($40.72)

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


Price To Earnings Ratio

PE vs Industry: SNV is good value based on its PE Ratio (4.2x) compared to the Banks industry average (8.5x).

PE vs Market: SNV is good value based on its PE Ratio (4.2x) compared to the US market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: SNV's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SNV is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Synovus Financial forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

-12.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNV's earnings are forecast to decline over the next 3 years (-5% per year).

Earnings vs Market: SNV's earnings are forecast to decline over the next 3 years (-5% per year).

High Growth Earnings: SNV's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SNV's revenue (1.3% per year) is forecast to grow slower than the US market (7% per year).

High Growth Revenue: SNV's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SNV's Return on Equity is forecast to be low in 3 years time (10.1%).


Next Steps

Past Performance

How has Synovus Financial performed over the past 5 years?

21.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNV has high quality earnings.

Growing Profit Margin: SNV's current net profit margins (29%) are lower than last year (29.8%).


Past Earnings Growth Analysis

Earnings Trend: SNV's earnings have grown significantly by 21.7% per year over the past 5 years.

Accelerating Growth: SNV's earnings growth over the past year (31.8%) exceeds its 5-year average (21.7% per year).

Earnings vs Industry: SNV earnings growth over the past year (31.8%) exceeded the Banks industry 10.9%.


Return on Equity

High ROE: SNV's Return on Equity (11.4%) is considered low.


Next Steps

Financial Health

How is Synovus Financial's financial position?


Financial Position Analysis

Short Term Liabilities: SNV's short term assets ($1.7B) do not cover its short term liabilities ($40.4B).

Long Term Liabilities: SNV's short term assets ($1.7B) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: SNV's debt to equity ratio (83.2%) is considered high.

Reducing Debt: SNV's debt to equity ratio has increased from 75.6% to 83.2% over the past 5 years.

Debt Coverage: SNV's debt is not well covered by operating cash flow (15.1%).

Interest Coverage: Insufficient data to determine if SNV's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

7.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SNV's dividend (9.07%) is higher than the bottom 25% of dividend payers in the US market (2.07%).

High Dividend: SNV's dividend (9.07%) is in the top 25% of dividend payers in the US market (5.82%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.2%), SNV's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SNV's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Kessel Stelling (63yo)

9.83s

Tenure

US$5,190,443

Compensation

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 served as its President since Febr ...


CEO Compensation Analysis

Compensation vs Market: Kessel's total compensation ($USD5.19M) is about average for companies of similar size in the US market ($USD4.77M).

Compensation vs Earnings: Kessel's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kessel Stelling
Chairman & CEO9.83yrsUS$5.19m0.21% $5.5m
Kevin Blair
President & COO0.33yrUS$2.92m0.024% $622.1k
Andrew Gregory
Executive VP & CFO0.83yrUS$1.16m0.019% $478.5k
Mark Holladay
Executive VP & Chief Risk Officer20yrsUS$1.09m0.028% $712.8k
Kevin Howard
Executive VP & Chief Wholesale Banking Officer11.58yrsUS$1.23m0.024% $628.3k
Robert Derrick
Executive VP & Chief Credit Officer1.25yrsUS$768.03k0.012% $300.1k
Jill Hurley
Chief Accounting Officer1.67yrsno data0.00047% $12.1k
Zack Bishop
Technologyno datano datano data
Allan Kamensky
Executive VP & General Counsel6.17yrsUS$1.13m0.049% $1.3m
Gloria Banks
Chief Ethics & Compliance Officerno datano datano data

3.9yrs

Average Tenure

54.5yo

Average Age

Experienced Management: SNV's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kessel Stelling
Chairman & CEO9.83yrsUS$5.19m0.21% $5.5m
Diana Murphy
Independent Director2.67yrsUS$168.00k0.0043% $110.0k
Stephen Butler
Independent Director8yrsUS$167.80k0.59% $15.3m
John Stallworth
Independent Director2.67yrsUS$168.80k0.0029% $74.8k
Elizabeth Camp
Lead Director3.25yrsUS$201.50k0.021% $549.4k
Joseph Prochaska
Independent Director9yrsUS$195.00k0.011% $283.9k
Frederick Brooke
Independent Director3.25yrsUS$174.25k0.034% $867.2k
Harris Pastides
Independent Director6yrsUS$185.55k0.0084% $215.1k
Barry Storey
Independent Director7yrsUS$166.08k0.024% $606.9k
Tim Bentsen
Independent Director6yrsUS$193.00k0.010% $259.8k

6.0yrs

Average Tenure

66yo

Average Age

Experienced Board: SNV's board of directors are considered experienced (6 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Synovus Financial Corp.
  • Ticker: SNV
  • Exchange: NYSE
  • Founded: 1888
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.570b
  • Shares outstanding: 147.26m
  • Website: https://www.synovus.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNVNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1980
SYU1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1980
SYU1BRSE (Berne Stock Exchange)YesCommon StockCHCHFJan 1980
SNV.PRDNYSE (New York Stock Exchange)PERP PFD SER DUSUSDJun 2018
SNV.PRENYSE (New York Stock Exchange)5.875 PFD SER EUSUSDJun 2019

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/08 04:13
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.