Synovus Financial (SNV)

Company Profile

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $53 billion in assets. Synovus provides commercial and retail banking, investment, and mortgage services through 289 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Bank, a wholly owned subsidiary of Synovus, has been recognized as one of the country's 'Most Reputable Banks' by American Banker and the Reputation Institute.

Company profile

Ticker

SNV, SNV+E

Exchange

NYSE

Website

www.synovus.com

CEO

Kessel Stelling

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Citigroup • U.S. Bancorp. • PNC Financial Services • Shinhan Financial • HSBC USA • Bank Of America • Regions Financial • Keycorp • Santander Holdings USA ...

Former names

CB&T BANCSHARES INC

SEC CIK

0000018349

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

100% Synovus Trust Company • 50% Sterling Place, L.L.C. • 40% Orchid, LLC • 100% The Summerton Inn, Inc. • 100% Global Financial Distributors, Inc. • 49.99% Azalea Park Partners, LP • 100% CB&T Special Limited • 20% West End Redevelopment Partnership, L.P. • 30% Tuscaloosa Riverfront Development, LLC • 99.99% CB&T Housing Fund Investor, L.L.C. ...

IRS number

581134883

SNV stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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ARS

2022 FY

Annual report to shareholders

15 Mar 23

DEFA14A

Additional proxy soliciting materials

15 Mar 23

Regulation FD Disclosure

13 Mar 23

8-K

Regulation FD Disclosure

24 Feb 23

Entry into a Material Definitive Agreement

16 Feb 23

8-K

Synovus Announces Earnings for the Fourth Quarter 2022

18 Jan 23

8-K

Departure of Directors or Certain Officers

15 Dec 22

8-K

Regulation FD Disclosure

6 Dec 22

Transcripts

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SNV

Earnings call transcript

2022 Q4

19 Jan 23

SNV

Earnings call transcript

2022 Q3

20 Oct 22

SNV

Earnings call transcript

2022 Q2

21 Jul 22

SNV

Earnings call transcript

2022 Q1

21 Apr 22

SNV

Earnings call transcript

2021 Q4

20 Jan 22

SNV

Earnings call transcript

2021 Q3

19 Oct 21

SNV

Earnings call transcript

2021 Q2

20 Jul 21

SNV

Earnings call transcript

2021 Q1

20 Apr 21

SNV

Earnings call transcript

2020 Q4

26 Jan 21

SNV

Earnings call transcript

2020 Q3

20 Oct 20

Latest ownership filings

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Elizabeth D. Wolverton

Robert Warren Derrick

ANDREW J. JR. GREGORY

21 Feb 23

Financial summary

Financial statements Chart SNV financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.98 bn	1.98 bn	1.98 bn	1.98 bn	1.98 bn	1.98 bn
Cash burn (monthly)	(no burn)	86.01 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	244.49 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.73 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	20.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

SNV institutional ownership history Ownership history

80.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	400	393	+1.8%
Opened positions	61	49	+24.5%
Closed positions	54	57	-5.3%
Increased positions	137	128	+7.0%
Reduced positions	127	134	-5.2%

13F shares	Current	Prev Q	Change
Total value	4.33 tn	4.13 bn	+104862.9%
Total shares	117.25 mm	110.04 mm	+6.5%
Total puts	110.60 k	50.70 k	+118.1%
Total calls	352.40 k	215.60 k	+63.5%
Total put/call ratio	0.3	0.2	+33.5%

Largest owners	Shares	Value	Change
Vanguard	15.36 mm	$576.64 bn	+2.4%
BLK Blackrock	13.87 mm	$520.81 bn	+4.4%
Wellington Management	9.98 mm	$374.82 bn	-11.7%
STT State Street	6.00 mm	$227.16 bn	NEW
SNV Synovus Financial	5.79 mm	$217.27 bn	-1.1%
FMR	4.26 mm	$160.06 bn	-0.4%
Alliancebernstein	3.72 mm	$139.59 bn	+1.1%
Charles Schwab Investment Management	3.57 mm	$134.21 bn	+10.2%
MCQEF Macquarie	3.30 mm	$124.00 bn	-0.5%
Silvercrest Asset Management	2.99 mm	$112.30 bn	-1.2%

Largest transactions	Shares	Bought/sold	Change
STT State Street	6.00 mm	+6.00 mm	NEW
Channing Capital Management	0.00	-1.87 mm	EXIT
GS Goldman Sachs	1.98 mm	+1.54 mm	+351.2%
Norges Bank	1.47 mm	+1.47 mm	NEW
Wellington Management	9.98 mm	-1.33 mm	-11.7%
Balyasny Asset Management	1.03 mm	+1.03 mm	NEW
North Reef Capital Management	1.62 mm	+1.01 mm	+166.5%
Assenagon Asset Management	913.43 k	+913.43 k	NEW
Schonfeld Strategic Advisors	165.78 k	-835.61 k	-83.4%
Wedge Capital Management L L P	0.00	-723.12 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SNV insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Feb 23	Daniel Zachary Bishop	Common Stock	Payment of exercise	Dispose F	No	No	43.28	1,088	47.09 k	31,541
17 Feb 23	Jill K Hurley	Common Stock	Payment of exercise	Dispose F	No	No	43.28	505	21.86 k	7,274
17 Feb 23	Andrew J. JR. Gregory	Common Stock	Payment of exercise	Dispose F	No	No	43.28	779	33.72 k	23,891
17 Feb 23	Andrew J. JR. Gregory	Common Stock	Sale back to company	Dispose D	No	No	43.28	2,035	88.07 k	24,670
17 Feb 23	Andrew J. JR. Gregory	Common Stock	Option exercise	Acquire M	No	No	0	2,035	0.00	26,705
17 Feb 23	Andrew J. JR. Gregory	RSU Common Stock	Option exercise	Dispose M	No	No	0	2,035	0.00	4,069
17 Feb 23	Allan E Kamensky	Common Stock	Payment of exercise	Dispose F	No	No	43.28	969	41.94 k	86,084
17 Feb 23	Katherine Weislogel	Common Stock	Payment of exercise	Dispose F	No	No	43.28	765	33.11 k	10,883