| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
SNV Stock Overview
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services.
Rewards
Risk Analysis
No risks detected for SNV from our risk checks.
Synovus Financial Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$40.17 |
| 52 Week High | US$54.40 |
| 52 Week Low | US$34.15 |
| Beta | 1.46 |
| 1 Month Change | 8.98% |
| 3 Month Change | 0.32% |
| 1 Year Change | -7.03% |
| 3 Year Change | 14.22% |
| 5 Year Change | -6.54% |
| Change since IPO | 69.64% |
Recent News & Updates
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.
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
| SNV | US Banks | US 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
| SNV volatility | |
|---|---|
| SNV Average Weekly Movement | 5.2% |
| Banks Industry Average Movement | 3.7% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1888 | 5,005 | Kevin Blair | https://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
| SNV fundamental statistics | |
|---|---|
| Market Cap | US$5.84b |
| Earnings (TTM) | US$703.10m |
| Revenue (TTM) | US$2.07b |
8.3x
P/E Ratio1.4x
P/B RatioIs SNV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SNV income statement (TTM) | |
|---|---|
| Revenue | US$2.07b |
| Cost of Revenue | US$0 |
| Gross Profit | US$2.07b |
| Other Expenses | US$1.37b |
| Earnings | US$703.10m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.84 |
| Gross Margin | 100.00% |
| Net Profit Margin | 33.99% |
| Debt/Equity Ratio | 54.4% |
How did SNV perform over the long term?
See historical performance and comparison