See more : Schindler Holding AG (0QOT.L) 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 |
Is Synovus Financial (SNV) a Great Value Stock 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...
Synovus to participate at BofA Securities Financial Services Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will participate in a fireside chat at the 32nd annual BofA Securities Financial Services Conference at 1 Hotel South Beach in Miami Beach, Florida, on Feb. 21,...
Can Synovus (SNV) Run Higher on Rising Earnings Estimates?
Synovus (SNV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
5 Stocks Trading Near 52-Week High That Can Climb Further
Investors target stocks that have been on a bullish run lately. Stocks like GT, CASY, SNV, ARCH and BK that are seeing price strength have a high chance of carrying the momentum forward.
Synovus (SNV) Stock Dips 1% as Q4 Earnings Miss Estimates
Synovus' (SNV) Q4 earnings reflect a decline in revenues and loan balances, as well as an increase in expenses and provisions, while higher deposit balance offers some support.
Synovus Financial Corp. (SNV) Q4 2023 Earnings Call Transcript
Synovus Financial Corp. (SNV) Q4 2023 Earnings Call Transcript
Synovus (SNV) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Synovus (SNV) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Synovus Financial (SNV) Misses Q4 Earnings and Revenue Estimates
Synovus Financial (SNV) came out with quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.35 per share a year ago.
Synovus announces earnings for the fourth quarter 2023
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus announces earnings for the fourth quarter 2023.
Should You Buy Synovus Financial (SNV) Ahead of Earnings?
Synovus Financial (SNV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Source: https://incomestatements.info
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