What is Synovus Financia's earnings per share (EPS)?

Synovus Financia (SNV) reported diluted earnings per share of $3.03 for fiscal year 2024. This represents a -12.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Synovus Financia Financials

SNV

Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2025 Currency USD FYE December

This page shows Synovus Financia (SNV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SNV FY2024 2026-04-22

A steadier, less levered balance sheet is offsetting a lower earnings yield on nearly unchanged assets at Synovus.

From FY2022 to FY2024, total assets stayed near $60B while return on assets and net income both moved lower, so the franchise was carrying roughly the same scale with less earnings density. With debt-to-equity dropping from 0.9x to 0.3x over the same stretch, the profit slowdown looks less like balance-sheet shrinkage and more like each asset dollar generating less earnings under a deliberately lighter leverage posture.

Operating cash flow still ran ahead of net income in FY2024, at $821M versus $482M, so reported profit was still converting into cash rather than staying trapped in accounting entries. But that cushion narrowed versus FY2023, which suggests recent results got less help from favorable balance-sheet flows and depended more on the core earnings stream itself.

Long-term debt fell from $4.11B in FY2022 to $1.73B in FY2024, a meaningful shift in funding mix rather than simple asset growth. Equity also rebuilt to $5.24B, which helps explain how Synovus could keep paying dividends and resume buybacks without having to re-lever the balance sheet.

Financial Health Signals

Financial Health Score 38/100

Scored as: Banks peer group

Scored against banks for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Synovus Financia's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Growth

Capital

Efficiency

Credit Quality

Stability

Piotroski F-Score Partial

6/7

Synovus Financia passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.70x

For every $1 of reported earnings, Synovus Financia generates $1.70 in operating cash flow ($821.0M OCF vs $482.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$3.2B

YoY+260.8%

5Y CAGR+9.3%

10Y CAGR+13.1%

Synovus Financia generated $3.2B in revenue in fiscal year 2024. This represents an increase of 260.8% from the prior year.

EBITDA

N/A

Net Income

$482.5M

YoY-11.3%

5Y CAGR-3.1%

10Y CAGR+9.5%

Synovus Financia reported $482.5M in net income in fiscal year 2024. This represents a decrease of 11.3% from the prior year.

EPS (Diluted)

$3.03

YoY-12.4%

5Y CAGR-2.7%

10Y CAGR+8.6%

Synovus Financia earned $3.03 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 12.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$764.9M

YoY-38.8%

5Y CAGR+6.4%

10Y CAGR+8.2%

Synovus Financia generated $764.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 38.8% from the prior year.

Cash & Debt

$3.0B

YoY+22.1%

5Y CAGR+20.3%

10Y CAGR+20.0%

Synovus Financia held $3.0B in cash against $1.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.52

YoY+0.0%

5Y CAGR+4.8%

10Y CAGR+17.2%

Synovus Financia paid $1.52 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

141M

YoY-3.8%

5Y CAGR-0.8%

10Y CAGR+0.5%

Synovus Financia had 141M shares outstanding in fiscal year 2024. This represents a decrease of 3.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

15.1%

YoY-46.3pp

5Y CAGR-12.4pp

10Y CAGR-5.9pp

Synovus Financia's net profit margin was 15.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 46.3 percentage points from the prior year.

Return on Equity

9.2%

YoY-1.4pp

5Y CAGR-2.2pp

10Y CAGR+2.8pp

Synovus Financia's ROE was 9.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$272.3M

5Y CAGR-17.8%

10Y CAGR+11.9%

Synovus Financia spent $272.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$56.2M

YoY+74.3%

5Y CAGR-1.7%

10Y CAGR+3.8%

Synovus Financia invested $56.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 74.3% from the prior year.

SNV Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$3.2B+260.8%	$885.2M-15.6%	$1.0B+18.8%	$883.1M+5.2%	$839.7M-59.1%	$2.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$737.5M+1.2%	$728.4M+6.8%	$681.7M+5.0%	$649.4M+5.0%	$618.2M+8.5%	$570.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.4B+17.0%	$1.2B+342.4%	$278.9M+131.6%	$120.4M-58.7%	$291.7M-35.9%	$454.8M
Income Tax	$125.5M-18.5%	$154.0M-25.3%	$206.3M-9.9%	$228.9M+106.3%	$111.0M-44.9%	$201.2M
Net Income	$482.5M-11.3%	$543.7M-28.3%	$757.9M-0.3%	$760.5M+103.5%	$373.7M-33.7%	$563.8M
EPS (Diluted)	$3.03-12.4%	$3.46-30.1%	$4.95+1.0%	$4.90+113.0%	$2.30-33.7%	$3.47

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$795.1M+3.0%	$771.6M+0.6%	$766.8M-71.8%	$2.7B+984.8%	$251.0M+5676.1%	$4.3M-98.0%	$215.0M+58.3%	$135.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$197.3M+2.7%	$192.2M+3.6%	$185.5M+0.4%	$184.7M0.0%	$184.8M+3.0%	$179.4M-4.8%	$188.5M+6.7%	$176.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$320.4M+2.7%	$312.1M-0.1%	$312.4M-9.2%	$344.1M-6.9%	$369.8M+1.0%	$366.2M+0.7%	$363.9M+3.6%	$351.1M
Income Tax	$48.5M-15.9%	$57.6M+1.1%	$57.0M+16.3%	$49.0M+4.5%	$46.9M+735.8%	-$7.4M-120.0%	$36.9M+77.8%	$20.8M
Net Income	$197.0M-9.5%	$217.7M+11.6%	$195.0M+2.4%	$190.4M+4.9%	$181.6M+1394.2%	-$14.0M-111.3%	$124.5M+77.0%	$70.3M
EPS (Diluted)	$1.33-10.1%	$1.48+13.8%	$1.30	N/A	$1.18+837.5%	$-0.16-120.5%	$0.78	N/A

SNV Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$60.2B+0.7%	$59.8B+0.1%	$59.7B+4.2%	$57.3B+5.4%	$54.4B+12.8%	$48.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.0B+22.1%	$2.5B+23.9%	$2.0B-34.3%	$3.0B-29.2%	$4.3B+258.3%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$445.1M+127.2%	$195.9M+28.5%	$152.5M+87.5%	$81.3M-7.9%	$88.3M+14.4%	$77.2M
Goodwill	$480.4M0.0%	$480.4M+6.2%	$452.4M0.0%	$452.4M0.0%	$452.4M-9.0%	$497.3M
Total Liabilities	$55.0B+0.6%	$54.7B-1.1%	$55.3B+6.2%	$52.0B+5.7%	$49.2B+13.8%	$43.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.7B-10.3%	$1.9B-53.0%	$4.1B+241.3%	$1.2B+0.1%	$1.2B-44.2%	$2.2B
Total Equity	$5.2B+2.4%	$5.1B+14.4%	$4.5B-15.5%	$5.3B+2.6%	$5.2B+4.4%	$4.9B
Retained Earnings	$2.7B+8.7%	$2.5B+12.6%	$2.2B+30.7%	$1.7B+45.2%	$1.2B+10.3%	$1.1B

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$60.5B-0.9%	$61.1B+1.2%	$60.3B+0.2%	$60.2B+1.1%	$59.6B0.0%	$59.6B-0.4%	$59.8B0.0%	$59.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.3B-20.3%	$2.9B+5.4%	$2.7B-9.6%	$3.0B+61.5%	$1.9B-19.2%	$2.3B-5.3%	$2.4B-1.1%	$2.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$445.1M	N/A	N/A	N/A	$195.9M
Goodwill	$480.4M0.0%	$480.4M0.0%	$480.4M0.0%	$480.4M0.0%	$480.4M0.0%	$480.4M0.0%	$480.4M0.0%	$480.4M
Total Liabilities	$54.6B-1.4%	$55.4B+0.9%	$54.9B-0.1%	$55.0B+1.4%	$54.2B-0.6%	$54.5B-0.5%	$54.8B+0.2%	$54.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.0B-23.1%	$3.9B+86.4%	$2.1B+21.0%	$1.7B-14.2%	$2.0B-11.5%	$2.3B+12.4%	$2.0B+5.1%	$1.9B
Total Equity	$5.8B+3.6%	$5.6B+4.2%	$5.4B+2.8%	$5.2B-2.1%	$5.4B+6.0%	$5.1B+0.7%	$5.0B-2.0%	$5.1B
Retained Earnings	$3.1B+4.4%	$3.0B+5.3%	$2.9B+4.6%	$2.7B+4.8%	$2.6B+4.6%	$2.5B-3.1%	$2.6B+2.3%	$2.5B

SNV Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$821.0M-36.0%	$1.3B+7.6%	$1.2B+50.1%	$794.0M+4561.9%	$17.0M-97.3%	$621.0M
Capital Expenditures	$56.2M+74.3%	$32.2M+7.0%	$30.1M+16.0%	$26.0M-13.8%	$30.1M-50.8%	$61.2M
Free Cash Flow	$764.9M-38.8%	$1.3B+7.7%	$1.2B+51.2%	$768.1M+5976.5%	-$13.1M-102.3%	$559.8M
Investing Cash Flow	$177.6M-45.2%	$324.0M+106.7%	-$4.9B-10.8%	-$4.4B-86.3%	-$2.4B-9.2%	-$2.2B
Financing Cash Flow	-$456.0M+59.7%	-$1.1B-143.0%	$2.6B+12.1%	$2.3B-56.6%	$5.4B+242.7%	$1.6B
Dividends Paid	$220.1M+1.9%	$216.1M+10.2%	$196.1M+0.8%	$194.7M+2.5%	$190.0M+13.1%	$167.9M
Share Buybacks	$272.3M	$0-100.0%	$13.0M-93.5%	$199.9M+1130.7%	$16.2M-97.8%	$725.4M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$205.7M+12.3%	$183.2M+253.0%	$51.9M-80.1%	$260.8M+1.5%	$256.9M-8.0%	$279.2M+1059.7%	$24.1M-91.0%	$266.2M
Capital Expenditures	$7.1M+8.2%	$6.5M-19.9%	$8.2M-30.7%	$11.8M-25.7%	$15.8M+57.8%	$10.0M-45.7%	$18.5M+58.7%	$11.7M
Free Cash Flow	$198.7M+12.4%	$176.7M+303.9%	$43.7M-82.4%	$249.1M+3.3%	$241.1M-10.4%	$269.2M+4718.5%	$5.6M-97.8%	$254.6M
Investing Cash Flow	$127.2M+115.3%	-$828.7M-356.0%	-$181.7M-155.6%	$326.8M+236.0%	-$240.3M-241.8%	$169.4M+316.3%	-$78.3M-128.4%	$276.3M
Financing Cash Flow	-$911.0M-215.1%	$791.6M+601.3%	-$157.9M-128.6%	$552.8M+220.8%	-$457.6M+20.8%	-$577.5M-2292.4%	$26.3M+111.5%	-$228.8M
Dividends Paid	$54.1M-1.1%	$54.7M+2.0%	$53.7M-0.6%	$54.0M-1.5%	$54.8M-1.5%	$55.6M-0.2%	$55.7M+0.3%	$55.6M
Share Buybacks	-$17K-100.1%	$21.4M-82.3%	$120.8M+143.2%	$49.7M-50.7%	$100.9M+10.0%	$91.7M+205.6%	$30.0M	$0

SNV Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.1%-46.3pp	61.4%-10.9pp	72.3%-13.8pp	86.1%+41.6pp	44.5%+17.0pp	27.5%
Return on Equity	9.2%-1.4pp	10.6%-6.3pp	16.9%+2.6pp	14.4%+7.1pp	7.2%-4.2pp	11.4%
Return on Assets	0.8%-0.1pp	0.9%-0.4pp	1.3%-0.1pp	1.3%+0.6pp	0.7%-0.5pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.33-0.0	0.38-0.5	0.92+0.7	0.230.0	0.23-0.2	0.44
FCF Margin	23.9%-117.3pp	141.3%+30.5pp	110.7%+23.8pp	87.0%+88.5pp	-1.6%-28.9pp	27.3%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	24.8%-3.4pp	28.2%+2.8pp	25.4%+18.4pp	7.0%-65.3pp	72.3%+395.1pp	-322.8%-380.7pp	57.9%+6.1pp	51.8%
Return on Equity	3.4%-0.5pp	3.9%+0.3pp	3.6%0.0pp	3.6%+0.2pp	3.4%+3.7pp	-0.3%-2.8pp	2.5%+1.1pp	1.4%
Return on Assets	0.3%-0.0pp	0.4%+0.0pp	0.3%0.0pp	0.3%+0.0pp	0.3%+0.3pp	-0.0%-0.2pp	0.2%+0.1pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.52-0.2	0.70+0.3	0.39+0.1	0.33-0.0	0.38-0.1	0.45+0.0	0.40+0.0	0.38
FCF Margin	25.0%+2.1pp	22.9%+17.2pp	5.7%-3.4pp	9.2%-86.9pp	96.0%-6097.3pp	6193.4%+6190.8pp	2.6%-184.8pp	187.4%

Similar Companies

Bok Finl Corp BOKF

$8.4B

Cadence CADE

$7.8B

Cullen Frost Bankers Inc CFR

$9.7B

Commerce Bancs CBSH

$8.5B

Pinnacle Finl Partners Inc PNFP

$15.2B

Frequently Asked Questions

What is Synovus Financia's annual revenue?

Synovus Financia (SNV) reported $3.2B in total revenue for fiscal year 2024. This represents a 260.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Synovus Financia's revenue growing?

Synovus Financia (SNV) revenue grew by 260.8% year-over-year, from $885.2M to $3.2B in fiscal year 2024.

Is Synovus Financia profitable?

Yes, Synovus Financia (SNV) reported a net income of $482.5M in fiscal year 2024, with a net profit margin of 15.1%.

How much debt does Synovus Financia have?

As of fiscal year 2024, Synovus Financia (SNV) had $3.0B in cash and equivalents against $1.7B in long-term debt.

What is Synovus Financia's net profit margin?

Synovus Financia (SNV) had a net profit margin of 15.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Synovus Financia pay dividends?

Yes, Synovus Financia (SNV) paid $1.52 per share in dividends during fiscal year 2024.

What is Synovus Financia's return on equity (ROE)?

Synovus Financia (SNV) has a return on equity of 9.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Synovus Financia's free cash flow?

Synovus Financia (SNV) generated $764.9M in free cash flow during fiscal year 2024. This represents a -38.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Synovus Financia's operating cash flow?

Synovus Financia (SNV) generated $821.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Synovus Financia's total assets?

Synovus Financia (SNV) had $60.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Synovus Financia's capital expenditures?

Synovus Financia (SNV) invested $56.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Synovus Financia buy back shares?

Yes, Synovus Financia (SNV) spent $272.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Synovus Financia have outstanding?

Synovus Financia (SNV) had 141M shares outstanding as of fiscal year 2024.

What is Synovus Financia's debt-to-equity ratio?

Synovus Financia (SNV) had a debt-to-equity ratio of 0.33 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Synovus Financia's return on assets (ROA)?

Synovus Financia (SNV) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Synovus Financia's Piotroski F-Score?

Synovus Financia (SNV) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Synovus Financia's earnings high quality?

Synovus Financia (SNV) has an earnings quality ratio of 1.70x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Synovus Financia?

Synovus Financia (SNV) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.