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

Fundamentals

Flawless balance sheet and fair value.


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


Market Performance


7 Day Return

1.7%

SNV

2.7%

US Banks

0.4%

US Market


1 Year Return

-16.0%

SNV

2.7%

US Banks

6.9%

US Market

Return vs Industry: SNV underperformed the US Banks industry which returned 2.7% over the past year.

Return vs Market: SNV underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

SNVIndustryMarket
7 Day1.7%2.7%0.4%
30 Day-2.5%0.2%-1.2%
90 Day-2.8%2.9%-0.4%
1 Year-13.1%-16.0%5.7%2.7%9.3%6.9%
3 Year14.2%7.1%52.1%41.6%45.8%36.4%
5 Year58.7%44.5%69.2%50.7%62.9%45.1%

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?

39.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: SNV ($35.28) is trading below our estimate of fair value ($58.5)

Significantly Undervalued: 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 (10.3x) compared to the Banks industry average (12.6x).

PE vs Market: SNV is good value based on its PE Ratio (10.3x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: SNV is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: SNV is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNV's forecast earnings growth (2.7% per year) is below the savings rate (2.7%).

Earnings vs Market: SNV's earnings (2.7% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: SNV's revenue (2.4% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: SNV's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: SNV's Return on Equity is forecast to be low in 3 years time (13.2%).


Next Steps

Past Performance

How has Synovus Financial performed over the past 5 years?

19.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SNV's earnings have grown by 19.5% per year over the past 5 years.

Accelerating Growth: SNV's earnings growth over the past year (42.1%) exceeds its 5-year average (19.5% per year).

Earnings vs Industry: SNV earnings growth over the past year (42.1%) exceeded the Banks industry 29.6%.


Return on Equity

High ROE: SNV's Return on Equity (10.3%) is considered low.


Return on Assets

ROA vs Industry: SNV's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate SNV's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: SNV has a low level of unsold assets or inventory.

Debt Coverage by Assets: SNV's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

Asset Level: SNV's level of assets compared to its equity is low.

Allowance for Bad Loans: SNV has a sufficient allowance for bad loans.

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

Loan Level: SNV has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SNV's loans are broadly funded by customer deposits.

Level of Bad Loans: SNV has an appropriate level of bad loans (0.34%)


Next Steps

Dividend

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

3.40%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years3.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SNV's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: SNV's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: SNV's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.2%), 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 (34.3% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Kessel Stelling (63yo)

9.3yrs

Tenure

US$5,868,210

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 President since February 22, 2010. ...


CEO Compensation Analysis

Compensation vs. Market: Kessel's total compensation ($USD5.87M) is about average for companies of similar size in the US market ($USD6.81M).

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


Management Age and Tenure

4.8yrs

Average Tenure

56yo

Average Age

Experienced Management: SNV's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

66yo

Average Age

Experienced Board: SNV's board of directors are considered experienced (5.5 years average tenure).


Insider Trading

Insider Buying: SNV insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$178,60009 Sep 19
Mark Holladay
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares5,000
Max PriceUS$35.72
BuyUS$260,40006 Dec 18
Kessel Stelling
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares7,500
Max PriceUS$34.72
SellUS$52,20616 Nov 18
Allen Gula
EntityIndividual
Shares1,400
Max PriceUS$37.29
BuyUS$37,13025 Oct 18
Joseph Prochaska
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$37.13
BuyUS$110,91025 Oct 18
Elizabeth Camp
EntityIndividual
Role
Lead Director
Lead Director
Shares3,000
Max PriceUS$36.97
BuyUS$27,88525 Oct 18
Kevin Blair
EntityIndividual
Role
Chief Operating Officer
Senior EVP & COO
Shares750
Max PriceUS$37.18
BuyUS$70,32725 Oct 18
Tim Bentsen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,890
Max PriceUS$37.21

Ownership Breakdown


Management Team

  • Mark Holladay (64yo)

    Executive VP & Chief Risk Officer

    • Tenure: 19.5yrs
    • Compensation: US$1.17m
  • Kessel Stelling (63yo)

    Chairman

    • Tenure: 9.3yrs
    • Compensation: US$5.87m
  • Bart Singleton (55yo)

    Executive VP & President of Financial Management Services

    • Tenure: 11.8yrs
    • Compensation: US$1.27m
  • Allan Kamensky (57yo)

    Executive VP

    • Tenure: 5.7yrs
    • Compensation: US$1.13m
  • Kevin Blair (48yo)

    Senior EVP & COO

    • Tenure: 0.8yrs
    • Compensation: US$2.24m
  • Santosh Kokate

    Chief Technology Officer

    • Tenure: 3.9yrs
  • Gloria Banks

    Chief Compliance Officer

    • Tenure: 0yrs
  • Steve Adams

    Senior Director

    • Tenure: 0yrs
  • Jill Hurley (39yo)

    Chief Accounting Officer

    • Tenure: 1.2yrs
  • Andrew Gregory

    Executive VP & CFO

    • Tenure: 0.3yrs

Board Members

  • Diana Murphy (62yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: US$78.30k
  • Steve Butler (68yo)

    Independent Director

    • Tenure: 7.5yrs
    • Compensation: US$152.60k
  • John Stallworth (67yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: US$79.60k
  • Elizabeth Camp (67yo)

    Lead Director

    • Tenure: 2.8yrs
    • Compensation: US$76.50k
  • Joe Prochaska (68yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: US$75.00k
  • Frederick Brooke (71yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$159.25k
  • Kessel Stelling (63yo)

    Chairman

    • Tenure: 9.3yrs
    • Compensation: US$5.87m
  • Harris Pastides (65yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$86.70k
  • Barry Storey (59yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: US$80.65k
  • Tim Bentsen (65yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$183.00k

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$5.385b
  • Shares outstanding: 152.63m
  • 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 SR 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:44
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.