Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services.
Flawless balance sheet 6 star dividend payer.
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.
7 Day Return
1 Year Return
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.
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
1 week ago | Simply Wall StDoes Synovus Financial Corp. (NYSE:SNV) Have A High Beta?
3 weeks ago | Simply Wall StShould You Buy Synovus Financial Corp. (NYSE:SNV) For Its Upcoming Dividend In 4 Days?
4 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Synovus Financial Corp.'s (NYSE:SNV) P/E Ratio
Is Synovus Financial undervalued compared to its fair value and its price relative to the market?
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).
How is Synovus Financial forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
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%).
How has Synovus Financial performed over the past 5 years?
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.
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 ($2.9B).
Debt to Equity History and Analysis
Debt Level: SNV's debt to equity ratio (83.2%) is considered high.
Reducing Debt: SNV's debt to equity ratio has increased from 75.6% to 83.2% over the past 5 years.
Debt Coverage: SNV's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: Insufficient data to determine if SNV's interest payments on its debt are well covered by EBIT.
What is Synovus Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SNV's dividend (9.07%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: SNV's dividend (9.07%) is in the top 25% of dividend payers in the US market (5.82%)
Stability and Growth of Payments
Stable Dividend: SNV's dividends per share have been stable in the past 10 years.
Growing Dividend: SNV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.2%), SNV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SNV's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kessel Stelling (63yo)
Mr. Kessel D. Stelling, Jr., has been the Chairman of Synovus Financial Corporation since January 1, 2012 and its Chief Executive Officer since September October 2010 and served as its President since Febr ...
CEO Compensation Analysis
Compensation vs Market: Kessel's total compensation ($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.
|Chairman & CEO||9.83yrs||US$5.19m||0.21% $5.5m|
|President & COO||0.33yr||US$2.92m||0.024% $622.1k|
|Executive VP & CFO||0.83yr||US$1.16m||0.019% $478.5k|
|Executive VP & Chief Risk Officer||20yrs||US$1.09m||0.028% $712.8k|
|Executive VP & Chief Wholesale Banking Officer||11.58yrs||US$1.23m||0.024% $628.3k|
|Executive VP & Chief Credit Officer||1.25yrs||US$768.03k||0.012% $300.1k|
|Chief Accounting Officer||1.67yrs||no data||0.00047% $12.1k|
|Technology||no data||no data||no data|
|Executive VP & General Counsel||6.17yrs||US$1.13m||0.049% $1.3m|
|Chief Ethics & Compliance Officer||no data||no data||no data|
Experienced Management: SNV's management team is considered experienced (3.9 years average tenure).
|Chairman & CEO||9.83yrs||US$5.19m||0.21% $5.5m|
|Independent Director||2.67yrs||US$168.00k||0.0043% $110.0k|
|Independent Director||8yrs||US$167.80k||0.59% $15.3m|
|Independent Director||2.67yrs||US$168.80k||0.0029% $74.8k|
|Lead Director||3.25yrs||US$201.50k||0.021% $549.4k|
|Independent Director||9yrs||US$195.00k||0.011% $283.9k|
|Independent Director||3.25yrs||US$174.25k||0.034% $867.2k|
|Independent Director||6yrs||US$185.55k||0.0084% $215.1k|
|Independent Director||7yrs||US$166.08k||0.024% $606.9k|
|Independent Director||6yrs||US$193.00k||0.010% $259.8k|
Experienced Board: SNV's board of directors are considered experienced (6 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.2%.
Synovus Financial Corp.'s company bio, employee growth, exchange listings and data sources
- 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
- Synovus Financial Corp.
- 1111 Bay Avenue
- Suite 500
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SNV||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1980|
|SYU1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1980|
|SYU1||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Jan 1980|
|SNV.PRD||NYSE (New York Stock Exchange)||PERP PFD SER D||US||USD||Jun 2018|
|SNV.PRE||NYSE (New York Stock Exchange)||5.875 PFD SER E||US||USD||Jun 2019|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/08 04:13|
|End of Day Share Price||2020/04/07 00:00|
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.