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
Website
CEO
Kessel Stelling
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
CB&T BANCSHARES INC
SEC CIK
Corporate docs
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
Analyst ratings and price targets
Latest filings (excl ownership)
ARS
2022 FY
Annual report to shareholders
15 Mar 23
DEFA14A
Additional proxy soliciting materials
15 Mar 23
DEF 14A
Definitive proxy
15 Mar 23
8-K
Regulation FD Disclosure
13 Mar 23
8-K
Regulation FD Disclosure
7 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
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
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
4
Elizabeth D. Wolverton
21 Feb 23
4
Kevin Joseph Howard
21 Feb 23
4
Thomas T Dierdorff
21 Feb 23
4
D WAYNE AKINS JR
21 Feb 23
4
Robert Warren Derrick
21 Feb 23
4
Kevin S. Blair
21 Feb 23
4
ALLAN E KAMENSKY
21 Feb 23
4
Katherine Weislogel
21 Feb 23
4
Sharon Goodwine
21 Feb 23
4
ANDREW J. JR. GREGORY
21 Feb 23
Financial summary
Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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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 |
Institutional ownership, Q4 2022
80.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 400 |
Opened positions | 61 |
Closed positions | 54 |
Increased positions | 137 |
Reduced positions | 127 |
13F shares | Current |
---|---|
Total value | 4.33 tn |
Total shares | 117.25 mm |
Total puts | 110.60 k |
Total calls | 352.40 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 15.36 mm | $576.64 bn |
BLK Blackrock | 13.87 mm | $520.81 bn |
Wellington Management | 9.98 mm | $374.82 bn |
STT State Street | 6.00 mm | $227.16 bn |
SNV Synovus Financial | 5.79 mm | $217.27 bn |
FMR | 4.26 mm | $160.06 bn |
Alliancebernstein | 3.72 mm | $139.59 bn |
Charles Schwab Investment Management | 3.57 mm | $134.21 bn |
MCQEF Macquarie | 3.30 mm | $124.00 bn |
Silvercrest Asset Management | 2.99 mm | $112.30 bn |
Recent insider trades
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 |
News
Stocks That Hit 52-Week Lows On Thursday
16 Mar 23
Stocks That Hit 52-Week Lows On Friday
10 Mar 23
Synovus Finl's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
10 Mar 23
Raymond James Maintains Outperform on Synovus Finl, Raises Price Target to $46
20 Jan 23
Synovus Financial Q4 Adj. EPS $1.35 Misses $1.36 Estimate, Sales $603.78M Beat $601.48M Estimate
18 Jan 23
Press releases
Synovus to Announce First Quarter 2023 Results on April 20, 2023
23 Mar 23
Synovus announces quarterly dividends
2 Mar 23
Synovus to present at Raymond James & Associates 44th Annual Institutional Investors Conference on March 7
10 Feb 23
Synovus to participate at BofA Securities Financial Services Conference
2 Feb 23
Synovus Announces Earnings for the Fourth Quarter 2022
18 Jan 23