See more : Disco Corporation (DSCSY) 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 Financial: Floating Preferred Offering 9.1% Yield
Synovus Financial Corp Series D preferred shares have recovered in price, but the yield has floated to 9.1%. The bank has maintained its operating performance despite rising interest rates, with net interest income remaining above 2019-2021 levels. Synovus has bucked...
Synovus announces early tender results in connection with previously announced tender offer and extends early tender payment to apply through expiration time
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) announced today the results as of 5 p.m., New York City time, on Nov. 15, 2023 (the “Early Tender Time”), of its previously announced cash tender offer (the “Tender Offer”) to purchase up...
Synovus to present at Goldman Sachs 2023 US Financial Services Conference
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will make an investor presentation at the Goldman Sachs 2023 U.S. Financial Services Conference on Dec. 6, 2023, at 2:20 p.m. ET. A live webcast and replay...
Synovus announces offer to purchase up to $150 million aggregate principal amount of its 5.900% fixed-to-fixed rate subordinated notes due 2029
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) announced today that it has commenced a cash tender offer to purchase up to $150 million in aggregate principal amount (as such amount may be increased or decreased by Synovus pursuant to the...
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 Chief Financial Officer Jamie Gregory will present at the BancAnalysts Association of Boston Conference on Nov. 2, 2023, at 3:05 p.m. ET. A live webcast and...
3 Bank Stocks to Buy (if You're Feeling Lucky)
Although we're far removed from the financial sector crisis, many investors understandably feel shaky about bank stocks to buy. According to a CNN report at the end of May this year, the lingering effects of the calamity have not been...
Synovus (SNV) Q3 Earnings Miss Estimates, Provisions Rise
Higher provisions and expenses and a fall in NII hurt Synovus' (SNV) Q3 earnings. However, the rise in fee income is a major tailwind.
Synovus Financial (SNV) Q3 2023 Earnings Call Transcript
Synovus Financial (SNV) Q3 2023 Earnings Call Transcript
Compared to Estimates, Synovus (SNV) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Synovus (SNV) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates...
Synovus Financial (SNV) Lags Q3 Earnings Estimates
Synovus Financial (SNV) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $1.34 per share a year ago.
Source: https://incomestatements.info
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