synovus financial corp. is a financial services company based in columbus, georgia, with approximately $28 billion in assets. synovus provides commercial and retail banking, investment, and mortgage services to customers through 28 locally-branded divisions, 258 branches, and 341 atms in georgia, alabama, south carolina, florida, and tennessee. synovus bank was named one of america's most reputable banks by american banker and the reputation institute in 2015. see synovus on the web at synovus.com and on twitter @synovus.
Company profile
Ticker
SNV, SNV+E
Exchange
Website
CEO
Kessel Stelling
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CB&T BANCSHARES INC
SEC CIK
Corporate docs
Subsidiaries
100% Synovus Trust Company • 50% Sterling Place, L.L.C. • 40% Orchid, LLC • 100% The Summerton Inn, Inc. • 100% Global Financial Distributors, Inc. • 49.99% Azalea Park Partners, LP • 100% CB&T Special Limited • 20% West End Redevelopment Partnership, L.P. • 30% Tuscaloosa Riverfront Development, LLC • 99.99% CB&T Housing Fund Investor, L.L.C. ...
IRS number
581134883
SNV stock data
Latest filings (excl ownership)
8-K
1 Second Quarter 2024 Investor Meetings Chairman, President & CEO Kevin Blair EVP and Chief Financial Officer Jamie Gregory
6 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Submission of Matters to a Vote of Security Holders
26 Apr 24
8-K
Regulation FD Disclosure
18 Apr 24
8-K
Synovus announces earnings for the first quarter 2024
17 Apr 24
ARS
2023 FY
Annual report to shareholders
12 Mar 24
DEFA14A
Additional proxy soliciting materials
12 Mar 24
DEF 14A
Definitive proxy
12 Mar 24
10-K
2023 FY
Annual report
23 Feb 24
8-K
Synovus announces earnings for the fourth quarter 2023
17 Jan 24
Transcripts
SNV
Earnings call transcript
2024 Q1
18 Apr 24
SNV
Earnings call transcript
2023 Q4
18 Jan 24
SNV
Earnings call transcript
2023 Q3
19 Oct 23
SNV
Earnings call transcript
2023 Q2
20 Jul 23
SNV
Earnings call transcript
2023 Q2
20 Jul 23
SNV
Earnings call transcript
2023 Q1
20 Apr 23
SNV
Earnings call transcript
2022 Q4
19 Jan 23
SNV
Earnings call transcript
2022 Q3
20 Oct 22
SNV
Earnings call transcript
2022 Q2
21 Jul 22
SNV
Earnings call transcript
2022 Q1
21 Apr 22
Latest ownership filings
4
ANDREW J. JR. GREGORY
21 May 24
144
Notice of proposed sale of securities
21 May 24
4
Sharon Goodwine
20 May 24
13F-HR
Quarterly holdings report by institutional manager
14 May 24
4
John H. Irby
13 May 24
4
Stacy Apter
13 May 24
4
Pedro P. Cherry
13 May 24
4
Barry L. Storey
13 May 24
4
DIANA M MURPHY
13 May 24
4
John L. Stallworth
13 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.42 bn | 2.42 bn | 2.42 bn | 2.42 bn | 2.42 bn | 2.42 bn |
Cash burn (monthly) | 9.31 mm | 78.49 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 19.24 mm | 162.25 mm | n/a | n/a | n/a | n/a |
Cash remaining | 2.40 bn | 2.26 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 258.3 | 28.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
56.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 306 |
Opened positions | 56 |
Closed positions | 115 |
Increased positions | 101 |
Reduced positions | 102 |
13F shares | Current |
---|---|
Total value | 2.92 tn |
Total shares | 81.95 mm |
Total puts | 28.50 k |
Total calls | 65.30 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 15.09 mm | $568.17 bn |
FMR | 10.87 mm | $409.17 bn |
Wellington Management | 7.84 mm | $295.13 bn |
STT State Street | 7.34 mm | $279.11 bn |
Dimensional Fund Advisors | 5.18 mm | $194.95 bn |
Charles Schwab Investment Management | 3.73 mm | $140.44 bn |
MCQEF Macquarie | 3.02 mm | $113.58 bn |
BK Bank Of New York Mellon | 2.21 mm | $83.30 bn |
Channing Capital Management | 1.92 mm | $72.20 bn |
MS Morgan Stanley | 1.59 mm | $59.87 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 May 24 | Andrew J. JR. Gregory | Common Stock | Buy | Acquire P | No | No | 40.025 | 28,000 | 1.12 mm | 49,256 |
21 May 24 | Andrew J. JR. Gregory | Common Stock | Sell | Dispose S | No | No | 40.023 | 23,539 | 942.10 k | 21,256 |
17 May 24 | Sharon Goodwine | Common Stock | Payment of exercise | Dispose F | No | No | 39.67 | 2,003 | 79.46 k | 18,568 |
10 May 24 | Pastides Harris | Common Stock | Other | Acquire J | No | No | 39.62 | 146 | 5.78 k | 40,081 |
10 May 24 | Murphy Diana M | Common Stock | Other | Acquire J | No | No | 39.62 | 146 | 5.78 k | 35,553 |
10 May 24 | Stallworth John L. | Common Stock | Other | Acquire J | No | No | 39.62 | 146 | 5.78 k | 31,221 |
News
Regional Banks Yet To Recover From SVB Collapse: Time To Invest In The Top Banking ETF?
30 May 24
Critical Insights From Synovus Finl Analyst Ratings: What You Need To Know
7 May 24
DA Davidson Maintains Buy on Synovus Finl, Raises Price Target to $47
7 May 24
Stephens & Co. Reiterates Equal-Weight on Synovus Finl, Maintains $38 Price Target
7 May 24
Morgan Stanley Maintains Equal-Weight on Synovus Finl, Maintains $37 Price Target
22 Apr 24
Press releases
Synovus announces earnings for the first quarter 2024
17 Apr 24
Synovus Financial Corp. releases 2023 Annual Report
11 Apr 24
Synovus introduces Accelerate Pay for business payments
3 Apr 24
Synovus Names Chief Third-Party Payments Officer, Maast CEO
5 Mar 24
Synovus Announces Quarterly Dividends
4 Mar 24