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Last $29.05 USD
Change Today -0.17 / -0.58%
Volume 396.2K
SNV On Other Exchanges
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

synovus financial corp (SNV) Snapshot

Previous Close
Day High
Day Low
52 Week High
05/19/15 - $29.44
52 Week Low
10/15/14 - $21.91
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for SYNOVUS FINANCIAL CORP (SNV)

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synovus financial corp (SNV) Details

Synovus Financial Corporation operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company’s commercial banking services comprise cash management, asset management, capital markets services, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services consist of accepting various types of demand and savings deposits; mortgage, installment, and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet based banking services; and bank credit card services, including MasterCard and Visa services. It also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, asset management and financial planning services, and provision of individual investment advice on equity and other securities, as well as trust services. As of March 17, 2015, the company provided its services through 28 divisions, 258 branches, and 341 automated teller machines in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corporation was founded in 1888 and is headquartered in Columbus, Georgia.

4,481 Employees
Last Reported Date: 05/6/15
Founded in 1888

synovus financial corp (SNV) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $2.0M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $701.1K
Chief Operations Officer, Executive Vice Pres...
Total Annual Compensation: $649.4K
Executive Vice President, General Counsel an...
Total Annual Compensation: $570.2K
Chief Community Banking Officer and Executive...
Total Annual Compensation: $530.4K
Compensation as of Fiscal Year 2014.

synovus financial corp (SNV) Key Developments

Claims Against Synovus Financial Corp. in Multitier Marketing Suit Dismissed

The claims against Synovus Financial Corp. in a suit related to multitier marketing were dismissed by plaintiffs on April 10, 2015. The purported class-action lawsuit generally alleges that TelexFree engaged in an improper multitier marketing scheme involving voice-over Internet protocol telephone services and that the various defendants, including Synovus Financial unit Synovus Bank, provided financial services to TelexFree that allowed TelexFree to conduct its business operations. Now, as to Synovus-related entities, only claims against Synovus Bank remain pending. Synovus Bank believes it has substantial defenses related to these purported claims and intends to vigorously defend the claims asserted. Synovus currently cannot reasonably estimate losses attributable to the matter. The company also provided an update on the suit related to Synovus Bank's charging of overdraft fees to customers. The suit asserts claims for breach of contract and breach of the covenant of good faith and fair dealing, unconscionability, conversion and unjust enrichment for alleged injuries suffered by plaintiffs as a result of Synovus Bank's assessment of overdraft charges in connection with its POS/debit and automated-teller machine cards allegedly resulting from the sequence used to post payments to the plaintiffs' accounts. On Aug. 23, 2014, Synovus reached a settlement in principle with plaintiffs' counsel to settle the Posting Order Litigation. Under the settlement in principle, Synovus shall cause to be paid approximately $3.8 million plus payment of $150,000 in settlement expenses in exchange for broad releases, dismissal with prejudice of the Posting Order Litigation and other material and customary terms and conditions. A court granted final approval of the settlement payment on April 2, according to the quarterly filing.

Synovus Financial Corporation - Shareholder/Analyst Call

2015 Annual Meeting

Synovus Financial Corp. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Synovus Financial Corp. reported unaudited earnings results for the first quarter ended March 31, 2015. Net income available to common shareholders for the first quarter 2015 was $51.4 million or $0.38 per diluted share as compared to $50.6 million or $0.37 per diluted share for the previous quarter and $45.9 million or $0.33 per diluted share for the first quarter 2014. Net interest income was $203.3 million for the first quarter 2015, down $4.2 million from $207.5 million in the previous quarter and up $2.7 million or 1.4% as compared to the first quarter 2014. Income before income taxes was $85.812 million against $77.024 million a year ago. Net income available to common shareholders was $51.404 million or $0.38 diluted per share against $45.857 million or $0.33 diluted per share a year ago. Return on average assets was 0.80% against 0.75% a year ago. Return on average common equity was 7.16% against 6.52% a year ago. Book value per common share was $21.69 as at March 31, 2015 against $20.67 per share as on March 31, 2014. Tangible book value per common share was $21.50 as at March 31, 2015 against $20.48 per share as on March 31, 2014.


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Industry Average

Valuation SNV Industry Range
Price/Earnings 21.2x
Price/Sales 3.8x
Price/Book 1.3x
Price/Cash Flow 19.4x
TEV/Sales NM Not Meaningful

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