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. More Details


PE ratio (14.4x) is below the US market (19.7x)

Earnings are forecast to grow 19.52% per year

Pays a reliable dividend of 3.96%

Risk Analysis

No risks detected for SNV from our risk checks.

Snowflake Analysis

Flawless balance sheet established 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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SNV's weekly volatility (8%) has been stable over the past year.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: SNV exceeded the US Banks industry which returned -15.9% over the past year.

Return vs Market: SNV underperformed the US Market which returned 20.4% over the past year.

Shareholder returns

7 Day8.9%6.3%2.8%
30 Day27.6%19.9%8.0%
90 Day49.3%19.1%6.8%
1 Year-8.2%-13.2%-14.0%-17.0%22.4%19.7%
3 Year-25.7%-33.2%-3.4%-11.5%47.3%37.5%
5 Year15.7%1.0%38.4%21.1%93.6%72.3%

Long-Term 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


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


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: SNV ($33.35) is trading above our estimate of fair value ($25.94)

Significantly Below Fair Value: SNV is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: SNV is poor value based on its PE Ratio (14.4x) compared to the US Banks industry average (11.6x).

PE vs Market: SNV is good value based on its PE Ratio (14.4x) compared to the US market (19.7x).

Price to Earnings Growth Ratio

PEG Ratio: SNV is good value based on its PEG Ratio (0.7x)

Price to Book Ratio

PB vs Industry: SNV is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (0.9x).

Next Steps

Future Growth

How is Synovus Financial forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNV's forecast earnings growth (19.5% per year) is above the savings rate (2.2%).

Earnings vs Market: SNV's earnings (19.5% per year) are forecast to grow slower than the US market (22.1% 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 (-1.8% per year).

High Growth Revenue: SNV's revenue is forecast to decline over the next 3 years (-1.8% 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 (9.1%).

Next Steps

Past Performance

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 (20.7%) are lower than last year (28.6%).

Past Earnings Growth Analysis

Earnings Trend: SNV's earnings have grown by 17.4% 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 (-31.6%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).

Return on Equity

High ROE: SNV's Return on Equity (7.4%) 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 (10.5x) is moderate.

Allowance for Bad Loans: SNV has a sufficient allowance for bad loans (358%).

Low Risk Liabilities: 93% 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 (87%) is appropriate.

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

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SNV's dividend (3.96%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: SNV's dividend (3.96%) is low compared to the top 25% of dividend payers in the US market (4.05%).

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 reasonable payout ratio (55.6%), SNV's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: SNV's dividends in 3 years are forecast to be well covered by earnings (44.3% payout ratio).

Next Steps


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


Average management tenure


Kessel Stelling (64 yo)





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 ($USD5.19M) is about average for companies of similar size in the US market ($USD6.93M).

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

Leadership Team

Kessel Stelling
Chairman & CEO10.42yrsUS$5.19m0.21%
$ 10.3m
Kevin Blair
President & COO0.92yrUS$2.92m0.024%
$ 1.2m
Andrew Gregory
Executive VP & CFO1.42yrsUS$1.16m0.0048%
$ 237.9k
Mark Holladay
Executive VP & Chief Risk Officer20.58yrsUS$1.09m0.049%
$ 2.4m
Kevin Howard
Executive VP & Chief Wholesale Banking Officer12.17yrsUS$1.23m0.024%
$ 1.2m
Robert Derrick
Executive VP & Chief Credit Officer1.83yrsUS$768.03k0.0072%
$ 361.9k
Jill Hurley
Chief Accounting Officer2.25yrsno data0.00070%
$ 35.0k
Zack Bishop
Executive VP and Technologyno datano datano data
Kevin Brown
Senior Director of Forecasting & Analytics and Senior Director of Investor Relations1.08yrsno datano data
Allan Kamensky
Executive VP6.75yrsUS$1.13mno data
Gloria Banks
Executive VP & Chief Compliance and Ethics Officerno datano datano data
Alison Dowe
Executive VP and Chief Communications & Corporate Responsibility Officerno datano datano data


Average Tenure


Average Age

Experienced Management: SNV's management team is considered experienced (2.3 years average tenure).

Board Members

Kessel Stelling
Chairman & CEO10.42yrsUS$5.19m0.21%
$ 10.3m
Diana Murphy
Independent Director3.25yrsUS$168.00k0.0052%
$ 258.9k
Stephen Butler
Independent Director8.58yrsUS$167.80k0.59%
$ 29.7m
John Stallworth
Independent Director3.25yrsUS$168.80k0.0037%
$ 186.0k
Elizabeth Camp
Independent Lead Director3.83yrsUS$201.50k0.024%
$ 1.2m
Joseph Prochaska
Independent Director9.58yrsUS$195.00k0.011%
$ 564.4k
Frederick Brooke
Independent Director3.83yrsUS$174.25k0.031%
$ 1.5m
Teresa White
Independent Director1.58yrsUS$155.00k0%
$ 0
Harris Pastides
Independent Director6.58yrsUS$185.55k0.011%
$ 528.4k
Pedro Cherry
Independent Director0.17yrno data0.00045%
$ 22.5k
Barry Storey
Independent Director7.58yrsUS$166.08k0.024%
$ 1.2m
Tim Bentsen
Independent Director6.58yrsUS$193.00k0.012%
$ 611.4k


Average Tenure


Average Age

Experienced Board: SNV's board of directors are considered experienced (5.2 years average tenure).


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$4.999b
  • Shares outstanding: 147.81m
  • Website: https://www.synovus.com

Number of Employees


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


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


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 Analysis2020/11/25 23:53
End of Day Share Price2020/11/25 00:00
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.