Synovus Financia Stock Price, News & Analysis

Synovus Financial Corp. (NYSE:SNV) has published its 2022 Annual Report, highlighting record financial achievements despite economic fluctuations. CEO Kevin Blair emphasized the company's adept maneuvering through challenging conditions and the momentum heading into 2023. With approximately $60 billion in assets, Synovus offers a wide range of banking services across several states, including Georgia, Alabama, South Carolina, Florida, and Tennessee. The report outlines the company's relationship-centric approach to banking and its commitment to helping clients and communities thrive. Synovus is recognized as a Great Place to Work.

Synovus Bank has announced a commitment of $2 million in corporate donations to nonprofits in Alabama, Georgia, Florida, South Carolina, and Tennessee. This commitment is part of the bank's Corporate Donations Program, which aims to address critical community needs. The 2023 donations represent a nearly 20% increase compared to 2022, helping over 300 organizations focused on affordable housing, economic development, and financial education.

Synovus emphasizes its dedication to community support, with Executive Vice President Alison Dowe stating that investing in nonprofits reflects the bank's core values. The 2024 Corporate Donations Program application will open on July 15, 2023.

Synovus Financial Corp. (NYSE: SNV) is set to announce its first quarter 2023 results on April 20, 2023, with an earnings press release published prior to the earnings conference call at 8:30 a.m. ET. The company, headquartered in Columbus, Georgia, manages approximately $60 billion in assets and offers a wide range of financial services including commercial and consumer banking. The event will be accessible via a live audio webcast, with a replay available on its website for a year following the call.

The board of directors of Synovus Financial Corp. (NYSE: SNV) has declared quarterly dividends for shareholders. Common stock will receive $0.38 per share, payable on April 3, 2023, to holders of record as of March 16, 2023.

The Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, will yield $0.39375 per share, payable on March 21, 2023, for those on record as of March 15, 2023. Additionally, the Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, will pay $0.3671875 per share on April 3, 2023.

Synovus Financial Corp. (NYSE: SNV) will have its Chairman and CEO, Kevin Blair, present at the Raymond James & Associates 44th Annual Institutional Investors Conference on March 7, 2023, at 9:50 a.m. ET. A webcast of the presentation will be available on Synovus’ investor relations website.

Based in Columbus, Georgia, Synovus has approximately $60 billion in assets, offering a range of financial services including commercial and consumer banking, wealth management, and more across Georgia, Alabama, South Carolina, Florida, and Tennessee.

Synovus Financial Corp. (NYSE: SNV) will be represented by Chairman, CEO, and President Kevin Blair at the BofA Securities Financial Services Conference in New York City on February 15, 2023, at 8:50 a.m. ET. A live webcast and replay of the event will be accessible on Synovus' investor relations website. Based in Columbus, Georgia, Synovus manages approximately $60 billion in assets, offering a wide range of banking and financial services across Georgia, Alabama, South Carolina, Florida, and Tennessee. More information can be found at synovus.com.

Synovus Financial Corp. (NYSE: SNV) reported its financial results for the quarter and year ended December 31, 2022. Net income was $724.7 million, or $4.95 per diluted share, slightly down from $727.3 million in 2021. Pre-provision net revenue rose 19% to $1.05 billion, bolstered by strong loan growth. However, period-end deposits decreased by $555.7 million, or 1%, due to pricing pressures. The company achieved a preliminary CET1 ratio of 9.63%. Despite a challenging economic outlook for 2023, the firm remains committed to growth and enhancing client relationships, emphasizing stability and credit quality throughout the organization.

Synovus Bank has entered a three-year partnership with PGA Tour winner Russell Henley and artist Teil Duncan Henley. The partnership aims to showcase their stories through various content, with the Synovus logo set to debut on Russell's apparel at the 2023 Sentry Tournament of Champions on January 5 in Maui, Hawaii. Headquartered in Columbus, Georgia, where the Henleys reside, Synovus emphasizes its commitment to community involvement and support for clients, as articulated by Liz Wolverton, head of consumer banking. Russell and Teil aim to inspire through their successes.