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Complete financial analysis of Synovus Financial Corp. (SNV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Synovus Financial Corp., a leading company in the Banks – Regional industry within the Financial Services sector.
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Synovus Financial Corp. (SNV)
About Synovus Financial Corp.
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. Its retail banking services comprise 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 and debit card 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, and financial planning services, as well as provides individual investment advice on equity and other securities. As of December 31, 2020, it operated through 289 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. The company was founded in 1888 and is headquartered in Columbus, Georgia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.03B | 2.21B | 1.98B | 2.02B | 1.95B | 1.43B | 1.37B | 1.17B | 1.09B | 1.07B | 1.06B | 1.16B | 1.26B | 1.28B | 1.42B | 1.49B | 1.54B | 3.27B | 2.89B | 2.15B | 1.91B | 1.73B | 1.57B | 1.40B | 1.25B | 1.00B | 901.60M | 800.30M | 682.70M | 523.40M | 455.20M | 406.70M | 306.30M | 245.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 318.04M | 330.60M | 301.43M | 309.96M | 141.79M | 90.90M | 88.95M | 91.28M | 91.37M | 92.21M | 111.52M | 0.00 | 0.00 | 143.26M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.72B | 1.88B | 1.68B | 1.71B | 1.81B | 1.34B | 1.28B | 1.08B | 1.00B | 978.78M | 950.31M | 1.16B | 1.26B | 1.14B | 1.42B | 1.49B | 1.54B | 3.27B | 2.89B | 2.15B | 1.91B | 1.73B | 1.57B | 1.40B | 1.25B | 1.00B | 901.60M | 800.30M | 682.70M | 523.40M | 455.20M | 406.70M | 306.30M | 245.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 84.37% | 85.02% | 84.80% | 84.65% | 92.72% | 93.63% | 93.50% | 92.18% | 91.65% | 91.39% | 89.50% | 100.00% | 100.00% | 88.85% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 39.85M | 710.79M | 671.78M | 643.42M | 601.73M | 477.91M | 460.33M | 428.74M | 408.01M | 405.95M | 400.91M | 454.72M | 466.37M | 533.59M | 501.48M | 501.56M | 455.16M | 974.52M | 836.37M | 731.58M | 672.25M | 607.87M | 566.08M | 495.48M | 457.70M | 378.40M | 339.50M | 297.90M | 252.50M | 191.70M | 163.40M | 140.80M | 113.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 996.22M | 0.00 | 0.00 | 14.39M | 21.37M | 20.88M | 22.95M | 20.26M | 15.48M | 24.04M | 8.97M | 6.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.04B | 710.79M | 671.78M | 643.42M | 623.10M | 498.80M | 483.28M | 449.00M | 423.49M | 429.98M | 400.91M | 454.72M | 466.37M | 533.59M | 501.48M | 501.56M | 455.16M | 974.52M | 836.37M | 731.58M | 672.25M | 607.87M | 566.08M | 495.48M | 457.70M | 378.40M | 339.50M | 297.90M | 252.50M | 191.70M | 163.40M | 140.80M | 113.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -554.93M | -1.67B | -2.18B | -1.81B | -1.18B | -232.39M | -225.23M | 0.00 | 0.00 | 0.00 | -781.61M | -1.79B | 0.00 | -3.03B | -1.87B | -192.63M | -2.39B | -2.37B | -1.90B | -1.67B | -1.44B | -1.14B | -944.11M | -986.80M | -760.60M | -668.90M | -590.50M | -481.80M | -410.80M | -347.40M | -266.80M | -178.80M | -36.30M | 31.40M | 26.80M | 24.10M | 19.30M | 15.70M |
| Operating Expenses | 1.04B | 155.87M | -993.65M | -1.53B | -1.18B | -685.26M | 26.23M | 26.70M | 26.65M | 26.44M | 38.78M | -326.89M | -1.32B | 45.55M | -2.52B | -1.37B | 262.52M | -1.41B | -1.54B | -1.16B | -997.30M | -828.17M | -576.40M | -448.64M | -529.10M | -382.20M | -329.40M | -292.60M | -229.30M | -219.10M | -184.00M | -126.00M | -65.70M | -36.30M | 31.40M | 26.80M | 24.10M | 19.30M | 15.70M |
| Cost & Expenses | 357.89M | 155.87M | -993.65M | -1.53B | -1.18B | -685.26M | 115.18M | 117.98M | 118.02M | 118.65M | 150.30M | -326.89M | -1.32B | 188.82M | -2.52B | -1.37B | 262.52M | -1.41B | -1.54B | -1.16B | -997.30M | -828.17M | -576.40M | -448.64M | -529.10M | -382.20M | -329.40M | -292.60M | -229.30M | -219.10M | -184.00M | -126.00M | -65.70M | -36.30M | 31.40M | 26.80M | 24.10M | 19.30M | 15.70M |
| Interest Income | 3.05B | 2.08B | 1.65B | 1.80B | 2.05B | 1.34B | 1.16B | 1.02B | 945.96M | 928.69M | 929.01M | 1.00B | 1.14B | 1.32B | 1.51B | 1.86B | 2.24B | 2.02B | 1.50B | 1.16B | 1.06B | 1.06B | 1.13B | 1.10B | 888.00M | 769.20M | 725.70M | 663.30M | 615.80M | 429.40M | 389.30M | 399.60M | 324.90M | 282.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.23B | 278.89M | 120.40M | 291.75M | 454.84M | 195.89M | 139.19M | 123.62M | 118.64M | 109.41M | 118.82M | 150.02M | 217.60M | 338.47M | 503.73M | 784.59M | 1.09B | 882.59M | 527.38M | 298.34M | 298.43M | 337.54M | 501.10M | 535.47M | 374.70M | 328.70M | 313.30M | 288.40M | 273.90M | 169.90M | 160.20M | 188.40M | 181.30M | 158.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 93.46M | 50.57M | 157.99M | 62.16M | 60.80M | 43.77M | 43.26M | 37.62M | 56.74M | 54.95M | 59.31M | 64.40M | 47.63M | 46.42M | 37.35M | 70.62M | 208.27M | 231.29M | 193.13M | 161.06M | 112.01M | 97.01M | 87.20M | 80.50M | 72.50M | 60.10M | 49.10M | 43.30M | 38.60M | 33.10M | 30.50M | 27.70M | 17.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 1.03B | 1.10B | 554.29M | 773.09M | 602.53M | 0.00 | 0.00 | 415.31M | 357.51M | 0.00 | 0.00 | 0.00 | 0.00 | -1.59B | 0.00 | 819.96M | 1.32B | 1.14B | 941.84M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 209.50M | 31.40M | 26.80M | 24.10M | 19.30M | 15.70M |
| EBITDA Ratio | 0.00% | 59.48% | 57.86% | 24.53% | 39.87% | 55.98% | 49.57% | 48.89% | 48.82% | 43.60% | 40.57% | 21.25% | 16.29% | -33.10% | -75.19% | 12.78% | 130.61% | 63.88% | 53.49% | 53.37% | 53.58% | 57.73% | 68.79% | 73.63% | 63.56% | 67.87% | 68.91% | 68.85% | 72.07% | 64.46% | 66.28% | 75.83% | 84.36% | 85.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 998.21M | 1.24B | 989.36M | 484.67M | 765.02M | 743.25M | 1.05B | 904.82M | 827.95M | 810.04M | 778.72M | 830.21M | -60.84M | -834.02M | -1.10B | 119.55M | 1.80B | 1.86B | 1.35B | 987.62M | 909.93M | 901.42M | 991.09M | 947.21M | 724.00M | 620.30M | 572.20M | 507.70M | 453.40M | 304.30M | 271.20M | 280.70M | 240.60M | 209.50M | 31.40M | 26.80M | 24.10M | 19.30M | 15.70M |
| Operating Income Ratio | 49.07% | 56.34% | 49.89% | 24.00% | 39.27% | 52.11% | 76.52% | 77.56% | 75.70% | 75.63% | 73.34% | 71.75% | -4.81% | -64.93% | -77.82% | 8.03% | 117.07% | 56.81% | 46.80% | 45.89% | 47.71% | 52.12% | 63.23% | 67.86% | 57.78% | 61.88% | 63.46% | 63.44% | 66.41% | 58.14% | 59.58% | 69.02% | 78.55% | 85.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -302.05M | -174.11M | -329.77M | -246.00M | -251.85M | -138.38M | -163.33M | -151.27M | -144.30M | -170.98M | -182.16M | -152.46M | 220.00K | -15.15M | -12.57M | -660.81M | -292.28M | 0.00 | 0.00 | 5.70M | -298.43M | -337.54M | -501.10M | -535.47M | -374.70M | -328.70M | -313.30M | -288.40M | -273.90M | -169.90M | -157.30M | -188.40M | -181.30M | -231.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 696.16M | 964.18M | 989.36M | 484.67M | 765.02M | 547.35M | 480.14M | 388.45M | 358.57M | 302.56M | 252.63M | 31.48M | -59.53M | -849.17M | -1.61B | -660.13M | 527.67M | 973.53M | 824.02M | 689.28M | 611.50M | 563.88M | 489.99M | 411.74M | 349.30M | 291.60M | 258.90M | 219.30M | 179.50M | 134.40M | 113.90M | 92.30M | 59.30M | 50.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 34.22% | 43.70% | 49.89% | 24.00% | 39.27% | 38.38% | 35.08% | 33.30% | 32.78% | 28.25% | 23.79% | 2.72% | -4.71% | -66.11% | -113.12% | -44.36% | 34.31% | 29.79% | 28.54% | 32.03% | 32.06% | 32.60% | 31.26% | 29.50% | 27.87% | 29.09% | 28.72% | 27.40% | 26.29% | 25.68% | 25.02% | 22.69% | 19.36% | 20.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 154.02M | 206.28M | 228.89M | 110.97M | 201.24M | 118.88M | 204.66M | 141.67M | 132.49M | 107.31M | 93.25M | -802.19M | 1.31M | -15.15M | -190.63M | -77.70M | 184.74M | 356.62M | 307.58M | 252.25M | 222.58M | 198.53M | 178.38M | 149.18M | 124.00M | 104.50M | 93.70M | 79.70M | 64.90M | 48.00M | 39.90M | 31.10M | 18.80M | 14.80M | -31.40M | -26.80M | -24.10M | -19.30M | -15.70M |
| Net Income | 543.71M | 757.90M | 760.47M | 373.70M | 563.78M | 428.48M | 275.47M | 246.78M | 226.08M | 195.25M | 118.55M | 833.67M | -60.62M | -790.68M | -1.41B | -582.44M | 526.31M | 616.92M | 516.45M | 437.03M | 388.93M | 365.35M | 311.62M | 262.56M | 225.30M | 187.10M | 165.20M | 139.60M | 114.60M | 86.40M | 71.10M | 61.20M | 40.50M | 35.90M | 31.40M | 26.80M | 24.10M | 19.30M | 15.70M |
| Net Income Ratio | 26.73% | 34.35% | 38.35% | 18.51% | 28.94% | 30.04% | 20.13% | 21.15% | 20.67% | 18.23% | 11.16% | 72.05% | -4.80% | -61.56% | -99.54% | -39.14% | 34.22% | 18.88% | 17.89% | 20.31% | 20.39% | 21.12% | 19.88% | 18.81% | 17.98% | 18.66% | 18.32% | 17.44% | 16.79% | 16.51% | 15.62% | 15.05% | 13.22% | 14.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 3.48 | 4.99 | 4.95 | 2.31 | 3.50 | 3.64 | 2.19 | 1.90 | 1.63 | 1.34 | 0.91 | 6.93 | -0.54 | -8.08 | -26.52 | -12.38 | 11.27 | 13.44 | 11.62 | 9.94 | 9.03 | 8.61 | 7.49 | 6.51 | 5.60 | 5.04 | 4.41 | 3.73 | 3.11 | 2.45 | 2.17 | 1.89 | 1.54 | 1.47 | 1.40 | 1.19 | 1.12 | 0.98 | 0.84 |
| EPS Diluted | 3.46 | 4.95 | 4.90 | 2.30 | 3.47 | 3.62 | 2.17 | 1.89 | 1.62 | 1.33 | 0.91 | 5.95 | -0.54 | -8.08 | -26.52 | -12.38 | 11.20 | 13.30 | 11.48 | 9.87 | 8.96 | 8.47 | 7.35 | 6.44 | 5.60 | 4.97 | 4.41 | 3.73 | 3.11 | 2.45 | 2.17 | 1.89 | 1.54 | 1.47 | 1.40 | 1.19 | 1.12 | 0.98 | 0.84 |
| Weighted Avg Shares Out | 146.12M | 145.36M | 147.04M | 147.42M | 154.33M | 117.64M | 121.16M | 124.39M | 132.42M | 138.50M | 127.49M | 112.35M | 112.18M | 97.88M | 53.28M | 47.05M | 46.69M | 45.89M | 44.50M | 43.89M | 43.14M | 42.47M | 41.47M | 40.51M | 40.00M | 38.92M | 38.73M | 37.33M | 36.95M | 35.27M | 32.76M | 32.38M | 26.30M | 24.42M | 22.43M | 22.52M | 21.52M | 19.69M | 18.69M |
| Weighted Avg Shares Out (Dil) | 146.73M | 146.48M | 148.50M | 148.21M | 156.06M | 118.38M | 122.01M | 125.08M | 133.20M | 139.15M | 134.23M | 130.01M | 112.18M | 97.88M | 53.28M | 47.05M | 47.12M | 46.32M | 44.97M | 44.33M | 43.56M | 43.03M | 42.26M | 40.98M | 40.48M | 39.60M | 38.73M | 37.80M | 37.28M | 35.27M | 32.76M | 32.38M | 26.30M | 24.42M | 22.43M | 22.52M | 21.52M | 19.69M | 18.69M |
Synovus announces quarterly dividends
COLUMBUS, Ga.--(BUSINESS WIRE)--The board of directors of Synovus Financial Corp. (NYSE: SNV) has declared the following quarterly dividends: $0.38 per share on the company's common stock, payable on Jan. 2, 2025, to shareholders of record as of Dec. 19, 2024....
Synovus Financial: Series E Dividends Provide Best Yield Despite Premium Price
Synovus Financial is managing interest rate volatility well, with net interest income growing despite no loan growth and increasing long-term debt. The Series E preferred shares are more attractive due to their fixed rate until 2029, offering stability amid projected...
Synovus to present at Goldman Sachs 2024 US Financial Services Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Chairman, CEO and President Kevin Blair will make an investor presentation at the Goldman Sachs 2024 U.S. Financial Services Conference.
Synovus names new chief credit officer
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus names Anne Fortner as executive vice president, chief credit officer, effective March 31, 2025; Bob Derrick to retire.
Earnings Estimates Moving Higher for Synovus (SNV): Time to Buy?
Synovus (SNV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Are You Looking for a Top Momentum Pick? Why Synovus Financial (SNV) is a Great Choice
Does Synovus Financial (SNV) have what it takes to be a top stock pick for momentum investors? Let's find out.
Synovus announces pricing of $500 million senior notes offering
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. announced pricing of its previous underwritten public offering of $500 million of fixed rate/floating rate senior notes.
Synovus names Rick Arbuckle as senior director, middle market for wholesale banking
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank recently named Rick Arbuckle as the senior director, middle market for wholesale banking.
Synovus to present at BancAnalysts Association of Boston Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair and Executive Vice President and Chief Financial Officer Jamie Gregory will participate in a fireside chat at the BancAnalysts Association of Boston Conference on Nov. 7, 2024,...
Synovus Financial Corp. (SNV) Q3 2024 Earnings Call Transcript
Synovus Financial Corp. (NYSE:SNV ) Q3 2024 Earnings Conference Call October 17, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of IR Kevin Blair - Chairman, President and CEO Jamie Gregory - CFO Bob Derrick - Chief Credit...
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