Synovus Financia Stock Price, News & Analysis

Synovus Financial Corp. (NYSE: SNV) reported strong Q1 2025 financial results with diluted earnings per share of $1.30, up 67% from $0.78 in Q1 2024. Net income available to common shareholders reached $183.7 million, compared to $114.8 million in Q1 2024.

Key highlights include:

• Net interest margin expanded to 3.35%, up 7 basis points from Q4 2024
• Period-end loans increased $39.7 million from Q4 2024
• Core deposits totaled $46.0 billion, declining $223.8 million sequentially
• Average deposit costs decreased 20 basis points to 2.26%
• Provision for credit losses decreased 80% year-over-year to $10.9 million
• Common Equity Tier 1 ratio stood at 10.75%

The bank completed $120 million in common stock repurchases while maintaining strong credit metrics, with non-performing loan ratio improving to 0.67% and net charge-off ratio declining to 0.20%.

Synovus Financial Corp. (NYSE: SNV) has released its 2024 Annual Report, showcasing a year of strong financial performance and strategic growth. CEO Kevin Blair expressed pride in the bank's achievements for clients and communities, noting strong momentum entering 2025.

The company, headquartered in Columbus, Georgia, manages approximately $60 billion in assets and provides comprehensive financial services including commercial and consumer banking, wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus maintains branch operations across five states: Georgia, Alabama, Florida, South Carolina and Tennessee.

Synovus Financial Corp. (NYSE: SNV) has scheduled its first quarter 2025 earnings announcement for April 16, 2025, after market close. The company will host a conference call on April 17, 2025, at 8:30 a.m. ET to discuss the results.

A live audio webcast, listen-only conference call, and presentation deck will be accessible at investor.synovus.com/event. The materials will remain available on the company's website for 12 months following the call.

Synovus is a Columbus, Georgia-based financial services company with $60 billion in assets. The company offers commercial and consumer banking services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking. Synovus maintains branches across Georgia, Alabama, Florida, South Carolina, and Tennessee.

Synovus Bank has secured naming rights to Atlanta's historic Chastain Park Amphitheater, which will now be known as Synovus Bank Amphitheater at Chastain Park. The iconic outdoor venue, established in 1944, features nearly 7,000 seats and has been a cornerstone of Atlanta's music scene, hosting diverse artists from jazz legends to contemporary performers like Noah Kahan, Jill Scott, and Tate McRae.

This represents Synovus Bank's first concert venue naming rights partnership, expanding their community engagement initiatives. As Georgia's largest bank, Synovus already maintains partnerships with various cultural and sports institutions, including the Atlanta Braves' double-A affiliate at Synovus Park in Columbus, Georgia.

Synovus Financial Corp (NYSE: SNV) has announced its quarterly dividend distributions. The company declared a common stock dividend of $0.39 per share, payable on April 1, 2025, to shareholders of record as of March 20, 2025.

Additionally, Synovus announced preferred stock dividends: $0.49693 per share on Series D Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock (payable March 21, 2025) and $0.52481 per share on Series E Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (payable April 1, 2025).

The financial services company, based in Columbus, Georgia, manages approximately $60 billion in assets and operates branches across Georgia, Alabama, Florida, South Carolina and Tennessee, offering commercial and consumer banking services.