Synovus Financial Corp.(SNV) Stock Research - Grey Stern Research

Synovus Financial Corp. (SNV) Stock Analysis

$55.45 (-0.40%)

SNV Financial Performance


Use the table below to view Synovus Financial Corp.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $55.45 -
52 Week Low $33.44 -
52 Week High $59.92 -
Market Cap $7.9 Billion 8/19
Gross Margin 91% 17/19
Profit Margin 19% 10/19
EBITDA margin 24% 8/19
Q3 - 2024 Revenue $934.5 Million 6/19
Q3 - 2024 Earnings $181.6 Million 7/19
Q3 - 2024 Free Cash Flow $285.5 Million 2/19
Trailing 4 Quarters Revenue $3.0 Billion 7/19
Trailing 4 Quarters Earnings $352.7 Million 11/19
Quarterly Earnings Growth 87% 3/19
Annual Earnings Growth -43% 18/19
Quarterly Revenue Growth 80% 5/19
Annual Revenue Growth 33% 9/19
Cash On Hand $1.8 Billion 3/19
Short Term Debt $94.1 Million 10/19
Long Term Debt $2.0 Billion 6/19

Synovus Financial Corp. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Synovus Financial Corp.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 22.27 5/19
PS 2.66 13/19
PB 1.46 3/19
PC 4.35 8/19
Liabilities to Equity 10.12 2/19
ROA 0.01 2/19
ROE 0.07 11/19
Current Ratio 1.10 16/19
Quick Ratio 0.08 8/19
Long Term Debt to Equity 0.38 8/19
Debt to Equity 0.39 12/19
Burn Rate -23.42 18/19
Cash to Cap 0.23 5/19
CCR 1.57 4/19
EV to EBITDA 35.87 16/19
EV to Revenue 2.77 16/19

Company Details

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.

CEO: Mr. Kessel Stelling

Website: https://www.synovus.com

Address: 1111 Bay Ave Ste 500 Columbus, GEORGIA

Exchange: New York Stock Exchange

Industry: Banks—Regional

Synovus Financial Corp. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Synovus Financial Corp.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Fifth Third Bancorp FITB $31.7 Billion
Huntington Bancshares Incorporated HBAN $25.7 Billion
Citizens Financial Group, Inc. CFG $20.6 Billion
First Horizon Corporation FHN $10.9 Billion
United Community Banks, Inc. UCBI $3.3 Billion
Pinnacle Financial Partners, Inc. PNFP $9.6 Billion
M&T Bank Corporation MTB $35.2 Billion
Cadence Bank CADE $6.8 Billion
BOK Financial Corporation BOKF $7.6 Billion
SouthState Corporation SSB $8.4 Billion
Ameris Bancorp ABCB $4.8 Billion
Community Bank System, Inc. CBU $3.6 Billion
Renasant Corporation RNST $2.4 Billion
The First Bancshares, Inc. FBMS $1.2 Billion
HarborOne Bancorp, Inc. HONE $572.7 Million
SmartFinancial, Inc. SMBK $603.9 Million
Southern First Bancshares, Inc. SFST $355.9 Million
Hancock Whitney Corporation HWC $5.0 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
SNV Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 934.5 Million $181.6 Million
Q2 2024 $ 672.4 Million -$14.0 Million
Q1 2024 $ 900.2 Million $124.5 Million
Q4 2023 $ 443.2 Million $60.6 Million
Q3 2023 $ 519.3 Million $97.1 Million
Q2 2023 $ 565.4 Million $174.1 Million
Q1 2023 $ 584.0 Million $202.2 Million
Q4 2022 $ 603.8 Million $205.8 Million

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SNV Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $1.8 Billion $59.6 Billion $2.1 Billion $5.4 Billion
Q2 2024 $2.3 Billion $59.6 Billion $2.4 Billion $5.1 Billion
Q1 2024 $2.4 Billion $59.8 Billion $2.4 Billion $5.0 Billion
Q4 2023 $2.4 Billion $59.8 Billion $2.1 Billion $5.1 Billion
Q3 2023 $2.1 Billion $59.3 Billion $2.7 Billion $4.5 Billion
Q2 2023 $2.0 Billion $60.7 Billion $4.0 Billion $4.8 Billion
Q1 2023 $3.3 Billion $61.8 Billion $5.4 Billion $4.8 Billion
Q4 2022 $1.9 Billion $59.7 Billion $4.7 Billion $4.5 Billion

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SNV Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $285.5 Million $28.5 Million -$441.0 Million
Q2 2024 $269.2 Million -$10.0 Million -$128.9 Million
Q1 2024 $81.2 Million -$18.5 Million -$27.9 Million
Q4 2023 $0 $0 $0
Q3 2023 $443.2 Million $0 $443.2 Million
Q2 2023 $353.5 Million -$6.2 Million -$1.3 Billion
Q1 2023 $347.9 Million -$6.5 Million $1.4 Billion
Q4 2022 $572.0 Million -$8.6 Million $110.0 Million

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