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SNV

Synovus Financial NYSE:SNV Stock Report

Last Price

US$40.17

Market Cap

US$5.8b

7D

-0.4%

1Y

-7.0%

Updated

08 Aug, 2022

Data

Company Financials +
SNV fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends5/6

SNV Stock Overview

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

Synovus Financial Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Synovus Financial
Historical stock prices
Current Share PriceUS$40.17
52 Week HighUS$54.40
52 Week LowUS$34.15
Beta1.46
1 Month Change8.98%
3 Month Change0.32%
1 Year Change-7.03%
3 Year Change14.22%
5 Year Change-6.54%
Change since IPO69.64%

Recent News & Updates

Aug 04

Synovus Financial to raise capital in senior notes offering

Synovus Financial (NYSE:SNV) announced an underwritten public offering of senior notes due 2025. Net proceeds to be used for general corporate purposes, which may include the repayment of existing debt.

Jul 21

Synovus Non-GAAP EPS of $1.17 beats by $0.07, revenue of $522.65M beats by $4.01M

Synovus press release (NYSE:SNV): Q2 Non-GAAP EPS of $1.17 beats by $0.07. Revenue of $522.65M (+6.9% Y/Y) beats by $4.01M. Total deposit costs increased 4 bps sequentially to 0.15% and were impacted by the rising rate environment. Total loans ended the quarter at $41.20 billion, up $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. Provision for credit losses of $12.7 million increased $1.3 million sequentially; allowance for credit losses coverage ratio (to loans) of 1.11% declined 4 bps sequentially.  Preliminary CET1 ratio declined 3 bps during the quarter to 9.46%.

Shareholder Returns

SNVUS BanksUS Market
7D-0.4%0.06%1.1%
1Y-7.0%-14.7%-13.0%

Return vs Industry: SNV exceeded the US Banks industry which returned -14.1% over the past year.

Return vs Market: SNV exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is SNV's price volatile compared to industry and market?
SNV volatility
SNV Average Weekly Movement5.2%
Banks Industry Average Movement3.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: SNV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SNV's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18885,005Kevin Blairhttps://www.synovus.com

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, Wholesale Banking, and Financial Management Services. The company’s commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.

Synovus Financial Corp. Fundamentals Summary

How do Synovus Financial's earnings and revenue compare to its market cap?
SNV fundamental statistics
Market CapUS$5.84b
Earnings (TTM)US$703.10m
Revenue (TTM)US$2.07b

8.3x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNV income statement (TTM)
RevenueUS$2.07b
Cost of RevenueUS$0
Gross ProfitUS$2.07b
Other ExpensesUS$1.37b
EarningsUS$703.10m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.84
Gross Margin100.00%
Net Profit Margin33.99%
Debt/Equity Ratio54.4%

How did SNV perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

28%

Payout Ratio