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.
This page provides historical and transaction-related news for Synovus Financial Corp. (former NYSE: SNV), a financial services company that was based in Columbus, Georgia. Company news and press releases describe Synovus as a provider of commercial and consumer banking, along with specialized offerings such as wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking, with branches in Georgia, Alabama, Florida, South Carolina and Tennessee.
Recent coverage is dominated by the combination of Synovus Financial Corp. with Pinnacle Financial Partners, Inc. News items detail shareholder approvals of the merger, regulatory clearances from the Federal Reserve and state banking regulators, and the closing of the transaction on January 1, 2026. Subsequent releases from Pinnacle highlight the new holding company structure, leadership roles, board composition for the combined firm, and symbolic events such as ringing the opening bell at the New York Stock Exchange to mark the firm’s new listing.
Earlier Synovus news includes dividend declarations on its common and preferred stock, debt issuance such as subordinated bank notes, investor conference presentations, and community initiatives like a donation to Feeding America to support families in Alabama, Georgia, Florida, South Carolina and Tennessee. Together, these items trace Synovus’ evolution from a standalone regional bank to part of a larger combined organization.
Investors and researchers can use this news feed to follow the timeline of the Synovus–Pinnacle merger, understand the rationale and structure of the transaction as described by management, and review historical announcements related to Synovus’ capital actions and community engagement before its merger and delisting.
Synovus Financial Corp. (NYSE: SNV) reported strong financial results for Q1 2021, with net income of $178.8 million, or $1.19 per diluted share, reflecting a sequential increase of $0.23. Adjusted EPS rose to $1.21, up $0.13 from the previous quarter. Total loans grew by $552.1 million sequentially, while core transaction deposits surged by $2.05 billion, a 6% increase. The company's CET1 ratio improved to 9.74%, and non-interest expenses fell by $35.4 million. However, net interest income declined by $12.1 million due to asset repricing and lower day counts.
Synovus Financial Corp. (NYSE: SNV) will reveal its first quarter 2021 results on April 20, 2021. The earnings press release will be shared prior to the earnings conference call at 8:30 a.m. ET. A live audio webcast, along with accompanying slides, will be accessible online. Synovus, based in Columbus, Georgia, manages approximately $54 billion in assets and offers a range of financial services across 288 branches in five states. The company has been recognized by American Banker as one of the "Most Reputable Banks" in the U.S.
The Board of Directors of Synovus Financial Corp (NYSE: SNV) has announced quarterly dividends totaling three different amounts. Common stock will receive $0.33 per share, payable on April 1, 2021, to shareholders of record as of March 18, 2021. Additionally, Series D preferred shareholders will receive $0.39375 per share, payable on March 22, 2021, and Series E preferred shareholders will receive $0.3671875 per share, payable on April 1, 2021. Synovus, based in Columbus, Georgia, boasts approximately $54 billion in assets and operates 288 branches across five states.
Synovus Financial Corp. (NYSE:SNV) President and COO Kevin Blair will present at the Raymond James Virtual Institutional Investors Conference on March 2, 2021, at 1:20 p.m. ET. A live webcast will be accessible at this link. Additionally, the archived webcast will be available on Synovus’ Investor Relations website. Based in Columbus, Georgia, Synovus has approximately $54 billion in assets and provides various banking services across five states.
Synovus Financial Corp. (SNV) reported its 2020 financial results, with net income of $340.5 million ($2.30 per diluted share), down from $540.9 million ($3.47 per share) in 2019. Adjusted earnings per share decreased by 38% to $2.41. The CET1 ratio increased to 9.67%, while the allowance for credit losses rose by $370.7 million. The fourth quarter saw net income of $142.1 million ($0.96 per share), a significant increase from $83.3 million in Q3 2020. Strong deposit growth of 5% sequentially and a reduction in non-interest expenses were highlighted. A CEO transition is set for April 2021.
Synovus Financial Corp (NYSE: SNV) is set to announce its fourth quarter 2020 results on January 26, 2021. The earnings press release will precede the earnings conference call at 8:30 a.m. ET. A live audio webcast and slides will be provided along with the press release. Investors can access a replay of the conference approximately one hour post-call, available for 12 months. Synovus, headquartered in Columbus, Georgia, boasts $53 billion in assets and operates 289 branches across multiple states.
Synovus announces a leadership transition with Kessel Stelling becoming executive chairman on April 21, 2021, coinciding with the annual shareholders meeting. Kevin Blair, currently president and COO, will succeed Stelling as CEO on the same date and join the Synovus Board. Stelling will serve as executive chairman until January 1, 2023, before moving to an advisory role until January 1, 2025. The board highlights the smooth succession plan to maintain stability for stakeholders, emphasizing Blair's leadership skills and commitment to the company's culture.
Synovus Financial Corp (NYSE:SNV) announces that Chairman and CEO Kessel Stelling will speak at the Goldman Sachs U.S. Financial Services Conference on December 9, 2020, at 10:00 a.m. ET. A live webcast of the presentation will be available for investors and interested parties. Synovus, based in Columbus, Georgia, manages approximately $53 billion in assets and provides a range of financial services through 289 branches across five states. The company’s reputation is highlighted as one of the “Most Reputable Banks” in the U.S.
Synovus Bank has launched a dedicated agriculture and timber team to enhance its service in agribusiness segments across Georgia, northwest Florida, and southeast Alabama. This new team, part of the community banking division, includes veterans from the industry with extensive banking experience. Synovus aims to leverage its regional resources and local expertise to create value in the agricultural sector, which is significant for economic growth in the areas served. The bank's commitment to agribusiness is expected to support a growing customer base.
The Board of Directors of Synovus Financial Corp. (NYSE: SNV) has declared quarterly dividends for its common and preferred stocks. Shareholders will receive $0.33 per share on common stock, payable on January 4, 2021, to those on record as of December 17, 2020. For the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, the dividend is $0.39375, payable on December 21, 2020, to shareholders of record as of December 15, 2020. Additionally, Series E stock will yield $0.3671875, payable on January 4, 2021, also to those on record by December 15, 2020.
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