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.
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.
Synovus Financial Corp (NYSE: SNV) announced that its Chairman and CEO, Kessel Stelling, along with President and COO, Kevin Blair, will participate in a fireside chat at the BofA Securities Future of Financials 2020 Conference. The event is scheduled for November 10, 2020, at 10:30 a.m. ET. Interested parties can access a live webcast of the discussion here. Synovus, based in Columbus, Georgia, manages about $53 billion in assets and operates 288 branches across several states.
Synovus Financial Corp. (NYSE: SNV) reported a third quarter 2020 diluted EPS of $0.56 and adjusted diluted EPS of $0.89. A non-cash goodwill impairment charge of $44.9 million impacted earnings. Loans decreased by $364.5 million sequentially, while core transaction deposits rose by $1.56 billion, a 5% increase. Net interest income held steady at $377 million, with a net interest margin of 3.10%. The provision for credit losses was $43.4 million, while the total risk-based capital ratio improved to 13.16%, the highest since 2014.