SNV Stock - Synovus Financial Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.42B | $3.39B | $2.48B | $2.10B | $2.31B |
| Gross Profit | $1.84B | $1.98B | $2.12B | $2.09B | $1.66B |
| Gross Margin | 53.8% | 58.4% | 85.3% | 99.3% | 72.0% |
| Operating Income | $604.95M | $696.16M | $964.18M | $989.36M | $484.67M |
| Net Income | $482.46M | $543.71M | $757.90M | $760.47M | $373.69M |
| Net Margin | 14.1% | 16.1% | 30.6% | 36.2% | 16.2% |
| EPS | $3.05 | $3.48 | $4.99 | $4.95 | $2.31 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 2nd 2025 | UBS | Downgrade | Neutral | $56 |
| August 12th 2025 | Keefe Bruyette | Downgrade | Market Perform | $50 |
| July 18th 2025 | Keefe Bruyette | Upgrade | Outperform | $65 |
| July 18th 2025 | Raymond James | Upgrade | Outperform | $62 |
| July 10th 2025 | Wells Fargo | Upgrade | Overweight | $62 |
| May 21st 2025 | Jefferies | Initiation | Hold | $55 |
| April 2nd 2025 | Raymond James | Downgrade | Market Perform | - |
| December 17th 2024 | UBS | Resumed | Buy | - |
| December 9th 2024 | Deutsche Bank | Initiation | Buy | $64 |
| October 10th 2024 | Citigroup | Initiation | Buy | $53 |
| October 1st 2024 | Wells Fargo | Downgrade | Equal Weight | $46← $48 |
| September 17th 2024 | Raymond James | Upgrade | Outperform | $49 |
| June 24th 2024 | Barclays | Upgrade | Overweight | $46← $39 |
| April 19th 2024 | Keefe Bruyette | Downgrade | Market Perform | $38← $46 |
| April 18th 2024 | Raymond James | Downgrade | Market Perform | - |
Earnings History & Surprises
SNVEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 14, 2026 | — | — | — | — |
Q1 2026 | Jan 21, 2026 | $1.39 | — | — | — |
Q4 2025 | Oct 15, 2025 | $1.36 | $1.46 | +7.4% | ✓ BEAT |
Q3 2025 | Jul 16, 2025 | $1.25 | $1.48 | +18.4% | ✓ BEAT |
Q2 2025 | Apr 16, 2025 | $1.12 | $1.30 | +16.1% | ✓ BEAT |
Q1 2025 | Jan 15, 2025 | $1.14 | $1.25 | +9.6% | ✓ BEAT |
Q4 2024 | Oct 16, 2024 | $1.10 | $1.23 | +11.8% | ✓ BEAT |
Q3 2024 | Jul 17, 2024 | $0.95 | $1.16 | +22.0% | ✓ BEAT |
Q2 2024 | Apr 17, 2024 | $0.99 | $0.79 | -20.2% | ✗ MISS |
Q1 2024 | Jan 17, 2024 | $0.94 | $0.80 | -14.9% | ✗ MISS |
Q4 2023 | Oct 18, 2023 | $0.86 | $0.84 | -2.3% | ✗ MISS |
Q3 2023 | Jul 19, 2023 | $1.15 | $1.16 | +0.9% | ✓ BEAT |
Q2 2023 | Apr 19, 2023 | $1.23 | $1.33 | +8.1% | ✓ BEAT |
Q1 2023 | Jan 18, 2023 | $1.36 | $1.35 | -0.7% | ✗ MISS |
Q4 2022 | Oct 20, 2022 | $1.28 | $1.34 | +4.7% | ✓ BEAT |
Q3 2022 | Jul 21, 2022 | $1.09 | $1.17 | +7.3% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $1.01 | $1.08 | +6.9% | ✓ BEAT |
Q1 2022 | Jan 20, 2022 | $1.08 | $1.35 | +25.0% | ✓ BEAT |
Q4 2021 | Oct 19, 2021 | $1.08 | $1.20 | +11.1% | ✓ BEAT |
Q3 2021 | Jul 20, 2021 | $1.04 | $1.20 | +15.4% | ✓ BEAT |
Latest News
Barclays Maintains Overweight on Synovus Financial, Raises Price Target to $70
📈 PositiveJP Morgan Maintains Overweight on Synovus Financial, Raises Price Target to $65
📈 PositiveReported Earlier, The Proposed Combination Of Pinnacle Financial Partners And Synovus Financial Received Regulatory Approval From The Board Of Governors Of The Federal Reserve System
📈 PositiveBarclays Maintains Overweight on Synovus Financial, Raises Price Target to $65
📈 PositivePinnacle Financial Partners, Synovus Financial Shareholders Approve Business Combination
📈 PositiveUBS Maintains Neutral on Synovus Financial, Lowers Price Target to $49
➖ NeutralTruist Securities Maintains Buy on Synovus Financial, Lowers Price Target to $55
➖ NeutralRBC Capital Maintains Outperform on Synovus Financial, Lowers Price Target to $58
➖ NeutralStephens & Co. Maintains Equal-Weight on Synovus Financial, Lowers Price Target to $51
➖ NeutralDA Davidson Maintains Buy on Synovus Financial, Maintains $63 Price Target
📈 PositiveSynovus Finl Q3 Adj. EPS $1.46 Beats $1.40 Estimate, Sales $615.392M Beat $598.436M Estimate
📈 PositiveTruist Securities Maintains Buy on Synovus Financial, Lowers Price Target to $56
➖ NeutralUBS Downgrades Synovus Financial to Neutral, Lowers Price Target to $56
📉 NegativePinnacle Financial Partners And Synovus Announce Executive Leadership Team For Combined Company; Named Jamie Gregory, Chief Financial Officer Of Combined Co
➖ NeutralKey deals this week: Sanofi, SentinelOne, Marex Group, Synovus Financial, Union Pacific and more
📈 PositivePinnacle Financial, Synovus to combine in deal value at $8.6B
➖ NeutralSynovus gains after report it's considering merger after drawing interest
📈 PositiveFrequently Asked Questions about SNV
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