Synovus Financial (SNV)

Risks

• Competition in the financial services industry may adversely affect our future earnings and growth.
• We may not realize the expected benefits from our strategic initiatives, either in whole or in part, which could negatively impact our future profitability.
• The implementation of new lines of business, new products and services and new technologies may subject us to additional risk.
• We may pursue bank and non-bank acquisition opportunities as they arise. However, even if we identify attractive acquisition opportunities, we may not be able to complete such acquisitions on favorable terms or realize the anticipated benefits from such acquisitions.
• Failure to attract and retain employees and the impact of senior leadership transitions may adversely impact our ability to successfully execute our growth and efficiency strategies.
• The financial services market is undergoing rapid technological changes, and if we are unable to stay current with those changes, we will not be able to effectively compete.
• We may not be able to successfully implement current or future information technology system enhancements and operational initiatives, which could adversely affect our business operations and profitability.
• We rely extensively on information technology systems to operate our business and an interruption or security breach may disrupt our business operations, result in reputational harm and have an adverse effect on our operations.
• If our enterprise risk management framework is not effective at mitigating risk and loss to us, we could suffer unexpected losses and our results of operations could be materially adversely affected.
• Our ability to maintain our reputation is critical to the success of our business, and the failure to do so may materially adversely affect our performance.
• We rely on other companies to provide key components of our business infrastructure.
• Our independent sales organization relationships are complex and may expose us to losses.
• The costs and effects of litigation, investigations or similar matters involving us or other financial institutions or counterparties, or adverse facts and developments related thereto, could materially affect our business, operating results and financial condition.
• Changes in interest rates may have an adverse effect on our net interest income.
• Our allowance for credit losses may not cover actual losses, and we may be required to materially increase our allowance, which may adversely affect our capital, financial condition and results of operations.
• Changes in the cost and availability of funding due to changes in the deposit market and credit market may adversely affect our capital resources, liquidity and financial results.
• Changes in our asset quality could adversely affect our results of operations and financial condition.
• If Synovus Bank loses or is unable to grow its deposits, it may be subject to liquidity risk and higher funding costs.
• We could realize losses if we determine to sell non-performing assets and the proceeds we receive are lower than the carrying value of such assets.
• We may not be able to generate sufficient cash to service all of our debt and repay maturing debt obligations.
• The fiscal and monetary policies of the federal government and its agencies could have a material adverse effect on our earnings.
• The banking industry is highly regulated, and the regulatory framework, together with any future legislative or regulatory changes, may have a significant adverse effect on our business, financial condition or results of operations.
• We may become subject to supervisory actions and enhanced regulation that could have a material adverse effect on our business, reputation, operating flexibility, financial condition and the value of our common stock and preferred stock.
• We may be required to conserve capital or undertake additional strategic initiatives to improve our capital position due to changes in economic conditions or changes in regulatory capital rules.
• Inflation could negatively impact our business, our profitability and our stock price.
• Any future economic downturn could have a material adverse effect on our capital, financial condition, results of operations, and future growth.
• Interest rates on our outstanding financial instruments might be subject to change based on developments related to LIBOR, which could adversely affect our revenue, expense, and the value of our financial instruments.
• Our concentrated operations in the Southeastern U.S. make us vulnerable to local economic conditions, local weather catastrophes, public health issues and other external events, which could adversely affect our results of operations and financial condition.