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SNV Synovus Financial

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $53 billion in assets. Synovus provides commercial and retail banking, investment, and mortgage services through 289 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Bank, a wholly owned subsidiary of Synovus, has been recognized as one of the country's 'Most Reputable Banks' by American Banker and the Reputation Institute.

Company profile

Ticker
SNV, SNV+E
Exchange
CEO
Kessel Stelling
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CB&T BANCSHARES INC
SEC CIK
IRS number
581134883

SNV stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors
Top 50 of 753 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
$1.83B 8.5M
$689.59M 2.86M
$647.54M 4.74M
$560.28M 10.22M
$195.09M 6.03M
$193.39M 986.41K
$172.39M 966.55K
$164.41M 1.24M
$150.8M 1.47M
$111.43M 501.18K
Vanguard Tax-managed Intl FD
$96.63M 2.05M
$93.5M 592.78K
$93.01M 248.77K
$87.69M 3.22M
$84.56M 641.75K
$75.08M 1.1M
$71.73M 1.17M
$71.62M 21.98K
$68.04M 1.1M
$65.26M 245.48K
$65.08M 766.36K
Vanguard Specialized Funds
$61.35M 434.58K
$56.96M 1.28M
$51.74M 861.76K
$49.74M 143
$49.23M 709.12K
$47.11M 299.18K
$47.01M 533.09K
$45.68M 359.4K
$44.55M 25.37K
$37.91M 519.61K
$37.69M 436.27K
$36.99M 381.49K
Vanguard Intl Equity Index F (FTSE EMR MKT ETF)
$35.49M 708.17K
$34.25M 419.08K
$33.29M 1.16M
$29.87M 109.41K
$29.86M 600.04K
$28.89M 132.1K
$28.79M 247.74K
Vanguard Intl Equity Index F (FTSE EUROPE ETF)
$28.73M 476.81K
$27.91M 165.3K
$26.89M 267.55K
$25.47M 191.2K
$25.42M 690.52K
$25.15M 427.91K
$24.82M 70.72K
$24.33M 205.84K
$24.03M 537.29K
$23.8M 217.42K
Holdings list only includes long positions. Only includes long positions.

Calendar

1 Mar 21
21 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Mar 21 Butler Stephen T Common Stock Other Aquire J Yes No 0 42,563 0 42,563
12 Mar 21 Butler Stephen T Common Stock Other Dispose J No No 0 42,563 0 87,612
12 Mar 21 Butler Stephen T Common Stock Other Aquire J No No 0 5,445 0 130,175
12 Mar 21 Butler Stephen T Common Stock Other Dispose J Yes No 0 5,445 0 26,194
10 Mar 21 Stelling Kessel D Common Stock Other Aquire J No No 0 17,297 0 421,993
10 Mar 21 Stelling Kessel D Common Stock Other Dispose J Yes No 0 17,297 0 0
18 Feb 21 Jill K Hurley Common Stock Grant Aquire A No No 41.03 1,585 65.03K 5,460
18 Feb 21 Blair Kevin S. RSU Common Stock Grant Aquire A No No 0 21,448 0 21,448
18 Feb 21 Blair Kevin S. Performance Stock Units Common Stock Grant Aquire A No No 0 24,373 0 56,545
18 Feb 21 Blair Kevin S. Performance Stock Units Common Stock Grant Aquire A No No 0 32,172 0 32,172

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

76.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 359 290 +23.8%
Opened positions 87 36 +141.7%
Closed positions 18 44 -59.1%
Increased positions 102 90 +13.3%
Reduced positions 112 100 +12.0%
13F shares
Current Prev Q Change
Total value 4.01B 2.9B +38.3%
Total shares 114.11M 112.21M +1.7%
Total puts 278.4K 281.4K -1.1%
Total calls 267.7K 510.2K -47.5%
Total put/call ratio 1.0 0.6 +88.6%
Largest owners
Shares Value Change
BLK Blackrock 13.18M $426.48M -5.7%
Vanguard 12.99M $420.59M +2.0%
Wellington Management 8.93M $289.04M -0.5%
SNV Synovus Financial 6.03M $195.09M -0.2%
STT State Street 5.36M $175.44M +8.5%
Alliancebernstein 4.62M $149.43M -10.4%
BEN Franklin Resources 4.29M $138.94M +2.8%
Dimensional Fund Advisors 3.59M $116.2M +4.3%
MCQEF Macquarie 2.93M $94.98M +50.4%
BK Bank Of New York Mellon 2.77M $89.67M +38.4%
Largest transactions
Shares Bought/sold Change
Level Four Advisory Services 0 -1.8M EXIT
Norges Bank 1.75M +1.75M NEW
FMR 2.7M -1.54M -36.3%
CS Credit Suisse 1.66M +1.46M +717.2%
MCQEF Macquarie 2.93M +982.96K +50.4%
Victory Capital Management 925.63K +851.4K +1146.8%
BLK Blackrock 13.18M -795.34K -5.7%
Thrivent Financial For Lutherans 1.16M -776.94K -40.2%
BK Bank Of New York Mellon 2.77M +768.02K +38.4%
Arrowstreet Capital, Limited Partnership 569.28K -681.56K -54.5%

Financial report summary

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Management Discussion
  • ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • The U.S. economy contracted in the first half of 2020, ending the longest expansionary period in U.S. history, due to the COVID-19 pandemic. During March 2020, in an effort to lessen the impact of COVID-19 on consumers and businesses, the Federal Reserve reduced the federal funds rate 1.5 percentage points to 0.00 to 0.25 percent and the U.S. government enacted the CARES Act, the largest economic stimulus package in the nation’s history. The U.S. economy began to recover somewhat during the third quarter of 2020. On December 27, 2020, the U.S government amended the CARES Act through the Consolidated Appropriations Act of 2021, to add additional stimulus relief to mitigate the continued impacts of the pandemic. While certain financial and economic metrics suggest improving economic conditions, uncertainty remains regarding the trajectory of the economic recovery, the impact of government stimulus, the success of the COVID-19 vaccine, as well as the effects of the change in presidential and congressional administrations.
  • Synovus responded to the pandemic, beginning in March 2020, supporting our customers, team members, and communities with such measures as remote work capabilities and branch service enhancements; COVID-19 related bonus payments and benefits for team members directly impacted by the virus; payment deferments on approximately $6 billion of our loan portfolio during the second quarter; and accelerated investments in several technology initiatives that provided more convenience and a better digital experience as customers adapted to this highly virtual environment. Synovus is participating in the PPP and funded close to 19,000 loans totaling nearly $2.9 billion during the second quarter. Synovus is also participating in the newest round of PPP, with over 8,000 loan applications submitted, totaling $1 billion in new requests as of February 24, 2021. Additionally, although the vast majority of our customers were no longer in a deferment program at the end of the year, we continued to work with our borrowers who have been impacted by the pandemic, largely concentrated in hospitality related segments including hotels and full-service restaurants. In our communities, we responded with financial contributions to more than a dozen organizations for pandemic relief efforts, matching contributions for COVID-19 donations to the American Red Cross, and meal donations for first responders and health care workers.
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