Welcome to our dedicated page for Synovus Financia news (Ticker: SNV), a resource for investors and traders seeking the latest updates and insights on Synovus Financia stock.
Synovus Financial Corp. was a Georgia-based financial services company that provided commercial and consumer banking through Synovus Bank, along with wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. News about SNV covers bank dividends, specialized banking products, community initiatives in its Southeast branch markets and corporate-status developments tied to its completed 2026 merger into Pinnacle Financial Partners.
Synovus Financial Corp. (NYSE: SNV) will present at the BofA Banking and Financials Conference on November 9, 2021, at 10:30 a.m. ET. President and CEO Kevin Blair and CFO Jamie Gregory will be featured speakers. A live webcast will be accessible via both the conference link and Synovus’ Investor Relations website, where the replay will also be available. Synovus, headquartered in location value="LU/us.ga.colbus"Columbus, Georgia, has about $56 billion in assets and operates 283 branches across the Southeastern U.S.
Synovus Financial Corp. (NYSE: SNV) reported a strong third quarter of 2021 with net income of $178.5 million, translating to $1.21 per diluted share, marking a 116% year-over-year increase. Adjusted diluted EPS remained stable at $1.20. Total loans grew by $105 million, while core transaction deposits increased by $1.03 billion. Net interest income reached $384.9 million, driven by lower deposit costs. Positive credit quality metrics were noted, with a 0.22% net charge-off ratio. Synovus aims to achieve a $175 million pre-tax run rate benefit by the end of 2022 through efficiency initiatives.
Synovus Financial Corp. (NYSE: SNV) will announce its third quarter 2021 results on October 19, 2021, with a press release issued prior to an earnings conference call at 8:30 a.m. ET. The company, based in Columbus, Georgia, manages approximately $55 billion in assets and offers a wide range of financial services through 285 branches across five states. A live audio webcast will be accessible, and a replay will be available on their website for one year.
The Board of Directors of Synovus Financial Corp (NYSE: SNV) has declared quarterly dividends: $0.33 per share on common stock, payable on October 1, 2021, to shareholders of record as of September 16, 2021; $0.39375 per share on Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on September 21, 2021; and $0.3671875 per share on Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on October 1, 2021.
Synovus Financial Corp. (NYSE: SNV) has appointed Meredith Forrester as executive vice president and chief audit executive, effective September 8. Forrester, previously at Truist, brings extensive experience in risk management and audit. She succeeds Steve Sawyer, who retires after 41 years, including 18 as chief audit executive. Synovus, with approximately $55 billion in assets, operates 285 branches across Georgia, Alabama, South Carolina, Florida, and Tennessee, offering commercial and retail banking services.
Synovus Financial Corp. (NYSE: SNV) reported its Q2 2021 financial results, with net income of $177.9 million ($1.19 per diluted share), up $0.62 YoY. Adjusted diluted EPS was $1.20, a minor drop from Q1. Total loans decreased by $569.1 million (1%) due to a decline in PPP loans. Total deposits were $47.17 billion, down slightly, yet core transaction deposits rose by 2%. Net interest income increased to $381.9 million, while non-interest revenue fell 3%. A provision reversal of $24.6 million reflects a positive credit outlook. The CET1 ratio improved to 9.75% amidst share repurchases.
Synovus Financial Corp. (NYSE: SNV) is set to release its second quarter 2021 results on July 20, 2021. An earnings press release will precede the conference call starting at 8:30 a.m. ET. Investors can access a live audio webcast and related slides at investor.synovus.com/event. The company, headquartered in Columbus, Georgia, manages approximately $55 billion in assets and operates 285 branches across five states, offering a range of financial services.
Synovus Financial Corp has declared quarterly dividends for shareholders. The dividends include $0.33 per share on common stock, payable on July 1, 2021, to shareholders of record as of June 17, 2021. Additionally, $0.39375 per share for Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on June 21, 2021, and $0.3671875 per share for Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on July 1, 2021, to shareholders of record as of June 15, 2021. Synovus holds approximately $55 billion in assets and serves customers across five states.
Synovus announces the launch of Synovus Accelerate AR, a comprehensive receivables suite designed to enhance working capital access and streamline payment processing. In collaboration with Deluxe, this solution includes features like the AR Console, AR Match, AR Biller, and AR Aggregator, all aimed at improving cash flow and operational efficiency. This partnership, lasting over two decades, underscores Synovus's commitment to meeting evolving business needs.
Synovus Bank has appointed Jody Patton as CEO of its Northeast Georgia Division, effective July 1. Patton, who has nearly 30 years of banking experience, succeeds Bill Douglas, who will retire after 36 years with the company. Douglas will remain as chairman of the Northeast Georgia Division Advisory Board. Synovus Bank, a Georgia-chartered and FDIC-insured institution operating 285 branches, focuses on commercial and retail banking, investment, and mortgage services.