SNV

Synovus FinancialNYSE:SNV Stock Report

Market Cap

US$5.9b

7D

0.05%

1Y

81.6%

Updated

18 Sep, 2021

Data

Company Financials +
SNV fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

SNV Overview

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services.

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 +/- 4% a week.

Volatility Over Time: SNV's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.05%

SNV

0.9%

US Banks

-0.6%

US Market


1 Year Return

81.6%

SNV

63.3%

US Banks

33.8%

US Market

Return vs Industry: SNV exceeded the US Banks industry which returned 63.3% over the past year.

Return vs Market: SNV exceeded the US Market which returned 33.8% over the past year.


Shareholder returns

SNVIndustryMarket
7 Day0.05%0.9%-0.6%
30 Day-3.0%1.3%2.0%
90 Day-5.8%4.6%4.7%
1 Year87.6%81.6%67.7%63.3%35.8%33.8%
3 Year-4.6%-15.5%21.9%11.4%60.0%50.1%
5 Year44.6%24.2%94.7%70.1%123.0%98.7%

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

Synovus Financial Fundamentals Summary

How do Synovus Financial's earnings and revenue compare to its market cap?
SNV fundamental statistics
Market CapUS$5.90b
Earnings (TTM)US$582.11m
Revenue (TTM)US$1.95b

10.1x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNV income statement (TTM)
RevenueUS$1.95b
Cost of RevenueUS$0
Gross ProfitUS$1.95b
ExpensesUS$1.37b
EarningsUS$582.11m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.94
Gross Margin100.00%
Net Profit Margin29.78%
Debt/Equity Ratio28.9%

How did SNV perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

34%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SNV ($40.27) is trading below our estimate of fair value ($92.25)

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 (10.1x) compared to the US Banks industry average (10.8x).

PE vs Market: SNV is good value based on its PE Ratio (10.1x) compared to the US market (17.8x).


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 overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is Synovus Financial forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

-4.0%

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 (-4% per year).

Earnings vs Market: SNV's earnings are forecast to decline over the next 3 years (-4% per year).

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

Revenue vs Market: SNV's revenue (2.4% per year) is forecast to grow slower than the US market (9.8% 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

Future ROE: SNV's Return on Equity is forecast to be low in 3 years time (12.2%).


Past Performance

How has Synovus Financial performed over the past 5 years?

15.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNV has high quality earnings.

Growing Profit Margin: SNV's current net profit margins (29.8%) are higher than last year (23.2%).


Past Earnings Growth Analysis

Earnings Trend: SNV's earnings have grown by 15.5% per year over the past 5 years.

Accelerating Growth: SNV's earnings growth over the past year (50.8%) exceeds its 5-year average (15.5% per year).

Earnings vs Industry: SNV earnings growth over the past year (50.8%) exceeded the Banks industry 36%.


Return on Equity

High ROE: SNV's Return on Equity (11.7%) is considered low.


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 (321%).

Low Risk Liabilities: 95% 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 (69%).

Low Risk Deposits: SNV's Loans to Deposits ratio (80%) is appropriate.

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


Dividend

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

3.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SNV's dividend (3.28%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: SNV's dividend (3.28%) is low compared to the top 25% of dividend payers in the US market (3.6%).


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 (33.5%), 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 (32.5% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Kevin Blair (50 yo)

0.42

Tenure

US$2,786,386

Compensation

Mr. Kevin S. Blair serves as President and Chief Executive Officer at Synovus Financial Corp. since April 22, 2021. Mr. Blair served as Chief Operating Officer at Synovus Financial Corp until April 22, 202...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD2.79M) is below average for companies of similar size in the US market ($USD6.44M).

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


Leadership Team

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


Board Members

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: 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$5.897b
  • Shares outstanding: 146.45m
  • Website: https://www.synovus.com

Number of Employees


Location

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

Listings


Biography

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Whole...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:03
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.