NYSE:SNV

Stock Analysis Report

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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

-5.7%

SNV

-2.4%

US Banks

2.2%

US Market


1 Year Return

-43.7%

SNV

-22.7%

US Banks

16.2%

US Market

Return vs Industry: SNV underperformed the US Banks industry which returned -23.2% over the past year.

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


Shareholder returns

SNVIndustryMarket
7 Day-5.7%-2.4%2.2%
30 Day1.6%0.8%4.9%
90 Day6.3%6.1%17.8%
1 Year-40.8%-43.7%-19.9%-22.7%18.7%16.2%
3 Year-49.6%-54.2%-15.5%-22.2%41.1%32.0%
5 Year-28.1%-36.5%10.1%-3.3%74.5%55.7%

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?

16.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SNV ($19.86) is trading below our estimate of fair value ($23.73)

Significantly Below Fair Value: SNV is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SNV is good value based on its PE Ratio (7.6x) compared to the US Banks industry average (9.6x).

PE vs Market: SNV is good value based on its PE Ratio (7.6x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: SNV is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: SNV is good value based on its PB Ratio (0.6x) 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 13 analysts?

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNV's forecast earnings growth (16.2% per year) is above the savings rate (2.2%).

Earnings vs Market: SNV's earnings (16.2% per year) are forecast to grow slower than the US market (22.4% per year).

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

Revenue vs Market: SNV's revenue is expected to decline over the next 3 years (-0.9% per year).

High Growth Revenue: SNV's revenue is forecast to decline over the next 3 years (-0.9% 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 (7.9%).


Next Steps

Past Performance

How has Synovus Financial performed over the past 5 years?

19.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNV has high quality earnings.

Growing Profit Margin: SNV's current net profit margins (23.2%) are lower than last year (28.9%).


Past Earnings Growth Analysis

Earnings Trend: SNV's earnings have grown by 19.7% per year over the past 5 years.

Accelerating Growth: SNV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SNV had negative earnings growth (-18.2%) over the past year, making it difficult to compare to the Banks industry average (-2.8%).


Return on Equity

High ROE: SNV's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SNV's Assets to Equity ratio (10.7x) is moderate.

Allowance for Bad Loans: SNV has a sufficient allowance for bad loans (399%).

Low Risk Liabilities: 90% of SNV's liabilities are made up of primarily low risk sources of funding.

Loan Level: SNV has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: SNV's Loans to Deposits ratio (89%) is appropriate.

Level of Bad Loans: SNV has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

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

6.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SNV's dividend (6.65%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: SNV's dividend (6.65%) is in the top 25% of dividend payers in the US market (4.54%)


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 (48.4%), 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 covered by earnings (50.5% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Kessel Stelling (64 yo)

10.17yrs

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 ($USD5.19M) is about average for companies of similar size in the US market ($USD5.74M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kessel Stelling
Chairman & CEO10.17yrsUS$5.19m0.22%
$ 6.4m
Kevin Blair
President & COO0.67yrUS$2.92m0.024%
$ 713.4k
Andrew Gregory
Executive VP & CFO1.17yrsUS$1.16m0.0048%
$ 140.9k
Mark Holladay
Executive VP & Chief Risk Officer20.33yrsUS$1.09m0.049%
$ 1.4m
Kevin Howard
Executive VP & Chief Wholesale Banking Officer11.92yrsUS$1.23m0.024%
$ 720.4k
Robert Derrick
Executive VP & Chief Credit Officer1.58yrsUS$768.03k0.0073%
$ 214.0k
Jill Hurley
Chief Accounting Officer2yrsno data0.00047%
$ 13.9k
Zack Bishop
Technologyno datano datano data
Kevin Brown
Senior Director of Forecasting & Analytics and Senior Director of Investor Relations0.83yrno datano data
Allan Kamensky
Executive VP & General Counsel6.5yrsUS$1.13mno data
Gloria Banks
Chief Ethics & Compliance Officerno datano datano data
Alison Dowe
Executive VP and Chief Communications & Corporate Responsibility Officerno datano datano data

2.0yrs

Average Tenure

55.5yo

Average Age

Experienced Management: SNV's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kessel Stelling
Chairman & CEO10.17yrsUS$5.19m0.22%
$ 6.4m
Diana Murphy
Independent Director3yrsUS$168.00k0.0046%
$ 135.3k
Stephen Butler
Independent Director8.33yrsUS$167.80k0.60%
$ 17.5m
John Stallworth
Independent Director3yrsUS$168.80k0.0032%
$ 93.7k
Elizabeth Camp
Independent Lead Director3.58yrsUS$201.50k0.023%
$ 676.5k
Joseph Prochaska
Independent Director9.33yrsUS$195.00k0.011%
$ 334.0k
Frederick Brooke
Independent Director3.58yrsUS$174.25k0.035%
$ 1.0m
Teresa White
Independent Director1.33yrsUS$155.00kno data
Harris Pastides
Independent Director6.33yrsUS$185.55k0.010%
$ 293.3k
Barry Storey
Independent Director7.33yrsUS$166.08k0.024%
$ 713.6k
Tim Bentsen
Independent Director6.33yrsUS$193.00k0.012%
$ 343.7k

6.3yrs

Average Tenure

66yo

Average Age

Experienced Board: SNV's board of directors are considered experienced (6.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 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$2.948b
  • Shares outstanding: 147.31m
  • 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
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 operates through three segments: Community Banking, Wholesale Banking ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 01:02
End of Day Share Price2020/08/04 00:00
Earnings2020/06/30
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.