See more : Research Solutions, Inc. (RSSS) Income Statement Analysis – Financial Results
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 (SNV) Rolls Out Accelerate Pay for Business Payments
Synovus (SNV) unveils a payment solution, Accelerate Pay, to enable commercial banking clients to initiate account payable payments, while eliminating check payments.
Synovus introduces Accelerate Pay for business payments
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus introduces Accelerate Pay for business payments.
Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure
Five smaller U.S. banks with exposure to commercial real estate have been hit with credit-rating outlook downgrades, the latest development threatening to make borrowing more difficult for businesses and individuals.
Outlook on 5 Regional Banks Lowered by S&P on CRE Exposure
S&P Ratings downgrades the outlook on First Commonwealth, M&T Bank (MTB), Synovus (SNV), Trustmark (TRMK) and Valley National (VLY) to negative from stable.
Synovus to announce first quarter 2024 earnings results
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce first quarter 2024 earnings results.
Synovus' (SNV) Organic Growth Profile Aids Despite Rising Costs
While balance sheet strength and asset portfolio repositioning will aid Synovus' (SNV) organic growth, rising costs and loan portfolio concentration are worrisome.
Synovus Announces Quarterly Dividends
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus announces quarterly dividends.
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Synovus Financial Corp. is a provider of commercial and consumer banking services in the United States. Despite the recent decline in net income, Synovus has a strong solvency profile, and its dividend has the potential for growth, making it a...
Is Synovus Financial (SNV) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Here's Why Synovus (SNV) Is a Great 'Buy the Bottom' Stock Now
Synovus (SNV) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances...
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