Synovus Financial Corp. (SNV) 10-Year Financial Performance & Capital Metrics

SNV • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutSynovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company's commercial banking services include treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services; and bank credit and debit card services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, and financial planning services, as well as provides individual investment advice on equity and other securities. As of December 31, 2020, it operated through 289 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. The company was founded in 1888 and is headquartered in Columbus, Georgia.Show more

Net Interest Income $1.75B -3.7%
Total Revenue $3.42B +1.2%
Net Income $482M -11.3%
Return on Equity 9.27% -18.0%
Net Interest Margin 2.9% -4.4%
Efficiency Ratio 36.18% -4.3%
ROA 0.8% -11.6%
Equity / Assets 8.74% +1.7%
Book Value per Share 36.32 +3.6%
Tangible BV/Share 32.77 +4.1%
Debt/Equity 0.35 +28.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 36.2% efficiency ratio
✓Healthy dividend yield of 3.0%
✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.22%

5Y7.31%

3Y17.64%

TTM-

Profit (Net Income) CAGR

10Y9.47%

5Y-3.07%

3Y-14.07%

TTM120.81%

EPS CAGR

10Y8.58%

5Y-2.68%

3Y-14.8%

TTM142.08%

ROCE

10Y Avg9.08%

5Y Avg8.88%

3Y Avg8.32%

Latest6.77%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	827.32M	899.18M	1.02B	1.15B	1.6B	1.51B	1.53B	1.8B	1.82B	1.75B
NII Growth %	0.01%	0.09%	0.14%	0.12%	0.39%	-0.05%	0.01%	0.17%	0.01%	-0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	945.96M	1.02B	1.16B	1.34B	2.05B	1.8B	1.65B	2.08B	3.05B	3.19B
Interest Expense	118.64M	123.62M	139.19M	195.89M	454.83M	291.75M	120.4M	278.89M	1.23B	1.44B
Loan Loss Provision	19.01M	28M	67.19M	51.7M	87.72M	355.02M	-106.25M	84.55M	175.95M	136.69M
Non-Interest Income+	266.46M	273.19M	345.33M	280.09M	355.9M	506.51M	450.07M	403.34M	334.96M	230.9M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	1.21B	1.3B	1.51B	1.62B	2.41B	2.31B	2.1B	2.48B	3.39B	3.42B
Revenue Growth %	0.03%	0.07%	0.16%	0.08%	0.48%	-0.04%	-0.09%	0.18%	0.37%	0.01%
Non-Interest Expense	716.19M	755.92M	821.31M	829.46M	1.1B	1.18B	1.1B	1.15B	1.28B	1.24B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	358.57M	388.45M	480.14M	547.35M	765.01M	484.67M	989.36M	964.18M	696.16M	604.95M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.19%	0.08%	0.24%	0.14%	0.4%	-0.37%	1.04%	-0.03%	-0.28%	-0.13%
Pretax Income+	358.57M	388.45M	480.14M	547.35M	765.01M	484.67M	989.36M	964.18M	696.16M	604.95M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	132.49M	141.67M	204.66M	118.88M	201.24M	110.97M	228.89M	206.28M	154.02M	125.5M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	226.08M	246.78M	275.47M	428.48M	563.78M	373.69M	760.47M	757.9M	543.71M	482.46M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.16%	0.09%	0.12%	0.56%	0.32%	-0.34%	1.03%	-0%	-0.28%	-0.11%
Net Income (Continuing)	226.08M	246.78M	275.47M	428.48M	563.78M	373.69M	760.47M	757.9M	542.14M	479.45M
EPS (Diluted)+	1.62	1.89	2.17	3.47	3.47	2.30	4.90	4.95	3.46	3.03
EPS Growth %	0.22%	0.17%	0.15%	0.6%	0%	-0.34%	1.13%	0.01%	-0.3%	-0.12%
EPS (Basic)	1.63	1.90	2.19	3.49	3.50	2.31	4.95	4.99	3.48	3.05
Diluted Shares Outstanding	133.2M	125.08M	122.01M	118.38M	156.06M	148.21M	148.5M	146.48M	146.73M	145M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	1.21B	940.99M	885.09M	1.13B	1.11B	4.14B	2.94B	1.94B	2.41B	2.98B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	25.89B	27.46B	28.67B	29.86B	44.42B	47.07B	51.23B	53.98B	53.57B	53.32B
Investments Growth %	0.08%	0.06%	0.04%	0.04%	0.49%	0.06%	0.09%	0.05%	-0.01%	-0%
Long-Term Investments	22.3B	23.74B	24.68B	25.86B	37.64B	39.11B	40.31B	44.3B	43.78B	45.76B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	24.43M	59.68M	57.31M	57.31M	497.27M	452.39M	452.39M	452.39M	480.44M	480.44M
Intangible Assets	471K	13.22M	11.25M	9.88M	55.67M	45.11M	35.6M	27.12M	45.93M	34.32M
PP&E (Net)	445.15M	417.49M	426.81M	434.31M	868.66M	844.34M	818.71M	792.11M	838.88M	813.18M
Other Assets	588.03M	677.09M	803.36M	820.3M	1.22B	1.15B	995.1M	1.32B	1.17B	1.2B
Total Current Assets	4.92B	4.8B	5.08B	5.34B	8.17B	12.43B	14.14B	12.06B	12.75B	11.28B
Total Non-Current Assets	23.73B	25.07B	25.94B	27.12B	39.67B	41.97B	42.94B	47.67B	46.82B	48.77B
Total Assets+	28.79B	30.1B	31.22B	32.67B	48.2B	54.39B	57.32B	59.73B	59.81B	60.23B
Asset Growth %	0.06%	0.05%	0.04%	0.05%	0.48%	0.13%	0.05%	0.04%	0%	0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	2.36B	2.32B	1.87B	2.54B	4.07B	1.43B	1.47B	1.58B	1.42B	1.86B
Net Debt	1.15B	1.38B	982.24M	1.42B	2.96B	-2.71B	-1.47B	-358.21M	-992.5M	-1.11B
Long-Term Debt	2.19B	2.16B	1.6B	1.66B	2.15B	1.2B	1.2B	834.6M	1.23B	1.73B
Short-Term Debt	177.03M	159.7M	261.19M	887.69M	1.92B	227.92M	264.13M	746.6M	189.07M	131.73M
Other Liabilities	185.88M	207.44M	245.04M	270.42M	782.94M	1.1B	1.12B	4.8B	2.5B	2.01B
Total Current Liabilities	23.42B	24.81B	26.41B	27.61B	40.32B	46.93B	49.69B	49.62B	50.93B	51.23B
Total Non-Current Liabilities	2.37B	2.37B	1.85B	1.93B	2.94B	2.31B	2.33B	5.63B	3.73B	3.74B
Total Liabilities	25.79B	27.18B	28.26B	29.54B	43.26B	49.23B	52.02B	55.26B	54.67B	54.97B
Total Equity+	3B	2.93B	2.96B	3.13B	4.94B	5.16B	5.3B	4.48B	5.14B	5.27B
Equity Growth %	-0.01%	-0.02%	0.01%	0.06%	0.58%	0.04%	0.03%	-0.15%	0.15%	0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.08%	0.09%	0.14%	0.14%	0.07%	0.15%	0.16%	0.11%	0.09%
Book Value per Share	22.52	23.41	24.27	26.47	31.67	34.82	35.67	30.56	35.06	36.32
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	140.59M	142.03M	142.68M	143.3M	166.8M	168.13M	169.38M	170.14M	171.36M	172.19M
Additional Paid-in Capital	2.99B	3.03B	3.04B	3.06B	3.82B	3.85B	3.89B	3.92B	3.96B	3.99B
Retained Earnings	174.97M	351.77M	544.21M	843.77M	1.07B	1.18B	1.71B	2.23B	2.52B	2.74B
Accumulated OCI	-29.82M	-55.66M	-54.75M	-94.42M	65.64M	158.63M	-82.32M	-1.44B	-1.12B	-970.76M
Treasury Stock	-401.51M	-664.6M	-839.67M	-1.01B	-715.56M	-731.81M	-931.5M	-944.48M	-944.48M	-1.22B
Preferred Stock	125.98M	125.98M	125.98M	195.14M	537.14M	537.14M	537.14M	537.14M	537.14M	537.14M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	444.99M	465.89M	631.2M	538.05M	621.05M	17.03M	794.02M	1.19B	1.28B	821.03M
Operating CF Growth %	0.15%	0.05%	0.35%	-0.15%	0.15%	-0.97%	45.62%	0.5%	0.08%	-0.36%
Net Income	226.08M	246.78M	275.47M	428.48M	563.78M	373.69M	760.47M	757.9M	542.14M	479.45M
Depreciation & Amortization	56.74M	58.23M	59.12M	55.17M	8.08M	69.63M	113.55M	69.17M	93.46M	60.41M
Deferred Taxes	121.9M	128.84M	231.06M	36.22M	86.63M	-86.19M	45M	10.87M	16.84M	19.37M
Other Non-Cash Items	37.71M	32.26M	96.81M	63.3M	22.64M	-265.45M	-96.83M	417.69M	639.45M	353.65M
Working Capital Changes	-10.01M	-13.84M	-45.44M	-61.76M	-84.57M	-93.28M	-55.97M	-92.05M	-41.49M	-123.9M
Cash from Investing+	-2.11B	-1.42B	-1.47B	-1.34B	-2.15B	-2.35B	-4.38B	-4.86B	323.97M	177.57M
Purchase of Investments	-1.63B	-2.05B	-1.73B	-700.19M	-4.3B	-6.04B	-6.88B	-2.29B	-2.15B	-2.64B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	6.15M	0	0	201.1M	0	0	0	8.36M	0
Other Investing	-1.49B	-1.2B	-1.14B	-1.22B	-2.02B	-1.23B	-1.1B	-4.51B	258.76M	707M
Cash from Financing+	1.54B	665.91M	776.59M	1.01B	1.58B	5.4B	2.35B	2.63B	-1.13B	-456.04M
Dividends Paid	-65.59M	-69.66M	-64.91M	-120.2M	-185.66M	-223.13M	-227.84M	-229.31M	-252.01M	-260.82M
Share Repurchases	-199.22M	-263.08M	-175.08M	-175.07M	-725.4M	-16.25M	-199.93M	-12.99M	0	-272.34M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	1.76B	1.39B	1.5B	640.81M	701.84M	8.35B	2.78B	-651.86M	1.9B	283.83M
Net Change in Cash+	-118.4M	-285.14M	-66.11M	210.63M	43.35M	3.07B	-1.24B	-1.03B	473.65M	542.56M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	485.49M	1.28B	999.04M	932.93M	1.14B	1.19B	4.25B	3.01B	1.98B	2.45B
Cash at End	367.09M	999.04M	932.93M	1.14B	1.19B	4.25B	3.01B	1.98B	2.45B	2.99B
Interest Paid	115.8M	123.56M	143.24M	180.24M	464.71M	319.28M	132.92M	242.04M	1.11B	1.47B
Income Taxes Paid	10.51M	9.34M	18.04M	41.01M	101.78M	110.83M	204.21M	175.68M	69.75M	47.27M
Free Cash Flow+	416.61M	431.57M	580.1M	484.89M	559.84M	-13.07M	768.06M	1.16B	1.25B	764.88M
FCF Growth %	0.2%	0.04%	0.34%	-0.16%	0.15%	-1.02%	59.77%	0.51%	0.08%	-0.39%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.48%	8.33%	9.35%	14.06%	13.96%	7.4%	14.54%	15.51%	11.3%	9.27%
Return on Assets (ROA)	0.81%	0.84%	0.9%	1.34%	1.39%	0.73%	1.36%	1.29%	0.91%	0.8%
Net Interest Margin	2.87%	2.99%	3.28%	3.52%	3.31%	2.78%	2.67%	3.01%	3.04%	2.9%
Efficiency Ratio	59.07%	58.33%	54.47%	51.06%	45.67%	51.04%	52.29%	46.45%	37.8%	36.18%
Equity / Assets	10.42%	9.73%	9.49%	9.59%	10.25%	9.49%	9.24%	7.49%	8.6%	8.74%
Book Value / Share	22.52	23.41	24.27	26.47	31.67	34.82	35.67	30.56	35.06	36.32
NII Growth	0.98%	8.69%	13.8%	12.23%	38.96%	-5.2%	1.34%	17.22%	1.1%	-3.69%
Dividend Payout	24.48%	24.08%	19.85%	24.79%	29.79%	50.83%	25.6%	25.88%	39.74%	45.63%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Financial Management Services	-	114.48M	69.5M	105.92M	81.08M	101.48M	84.88M
Financial Management Services Growth	-	-	-39.29%	52.40%	-23.45%	25.17%	-16.36%
Wholesale Banking	-	475.59M	490.39M	502.46M	616.59M	698.83M	-
Wholesale Banking Growth	-	-	3.11%	2.46%	22.71%	13.34%	-
Consumer Banking	-	-	-	-	362.57M	488.54M	-
Consumer Banking Growth	-	-	-	-	-	34.74%	-
Community Banking	-	659.55M	691.62M	645.91M	332.34M	354.03M	-
Community Banking Growth	-	-	4.86%	-6.61%	-48.55%	6.53%	-
Financial Service, Other	19.97M	-	-	-	-	-	-
Financial Service, Other Growth	-	-	-	-	-	-	-
Mortgage Banking	18.96M	-	-	-	-	-	-
Mortgage Banking Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Synovus Financial Corp. (SNV) has a price-to-earnings (P/E) ratio of 16.5x. This is roughly in line with market averages.

Growth & Financials

Synovus Financial Corp. (SNV) grew revenue by 1.2% over the past year. Growth has been modest.

Yes, Synovus Financial Corp. (SNV) is profitable, generating $800.1M in net income for fiscal year 2024 (14.1% net margin).

Dividend & Returns

Yes, Synovus Financial Corp. (SNV) pays a dividend with a yield of 3.03%. This makes it attractive for income-focused investors.

Synovus Financial Corp. (SNV) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.

Industry Metrics

Synovus Financial Corp. (SNV) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Synovus Financial Corp. (SNV) has an efficiency ratio of 36.2%. This is excellent, indicating strong cost control.

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