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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
Website
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 740 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
$1.69B 8.38M
$722.35M 4.77M
$660.32M 2.72M
$537.78M 10.2M
$272.8M 5.96M
$242.01M 1.1M
$171.14M 1.07M
$156.43M 1.28M
$154.05M 1.51M
$137.15M 1.01M
$120.21M 509.74K
$99.69M 251.51K
$97.23M 1.51M
Vanguard Tax-managed Intl FD
$94.76M 1.93M
$93.26M 1.5M
$89.51M 3.42M
$81.95M 1.11M
$76.12M 249.19K
$73.93M 804.79K
$72.76M 23.53K
$67.37M 1.32M
Vanguard Specialized Funds
$63.19M 429.65K
$54.77M 142
$53.64M 352.41K
$52.34M 25.38K
$49.62M 302.08K
$49.34M 822.7K
$48.94M 728.02K
$47.46M 560.21K
$40.21M 367.95K
$39.98M 463.55K
Vanguard Intl Equity Index F (FTSE EMR MKT ETF)
$38.57M 741.13K
$38.38M 599.56K
$36.99M 487.65K
$35.15M 1.16M
$33.18M 430.47K
$32.89M 111.65K
$31.68M 818.21K
Vanguard Intl Equity Index F (FTSE EUROPE ETF)
$31.28M 496.57K
$31.18M 269.45K
$30.99M 165.84K
$29.73M 140.45K
$29.22M 239.9K
$28.9M 569.39K
$28.26M 186.29K
$28.08M 268.29K
$27.78M 537.32K
$26.99M 72.51K
$26.3M 230.53K
$25.96M 464.67K
Holdings list only includes long positions. Only includes long positions.

Calendar

6 May 21
3 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.33B 3.33B 3.33B 3.33B 3.33B 3.33B
Cash burn (monthly) 308.22M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.27B n/a n/a n/a n/a n/a
Cash remaining 2.05B n/a n/a n/a n/a n/a
Runway (months of cash) 6.7 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jul 21 Mark G Holladay Common Stock Gift Dispose G No No 0 488 0 61,299
2 Jul 21 Andrew J. JR. Gregory Common Stock Payment of exercise Dispose F No No 43.88 11 482.68 28,916
2 Jul 21 Mark G Holladay Common Stock Sell Dispose S No Yes 44.28 1,500 66.42K 61,787
24 Jun 21 Andrew J. JR. Gregory Common Stock Payment of exercise Dispose F No No 44.47 1,469 65.33K 28,927
10 May 21 Bentsen Tim E Common Stock Other Aquire J No No 49.61 116 5.75K 29,528

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

76.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 369 359 +2.8%
Opened positions 67 87 -23.0%
Closed positions 57 18 +216.7%
Increased positions 104 102 +2.0%
Reduced positions 133 112 +18.8%
13F shares
Current Prev Q Change
Total value 5.17B 4.01B +29.0%
Total shares 112.96M 114.03M -0.9%
Total puts 403.4K 278.4K +44.9%
Total calls 521.4K 267.7K +94.8%
Total put/call ratio 0.8 1.0 -25.6%
Largest owners
Shares Value Change
BLK Blackrock 13.64M $623.98M +3.5%
Vanguard 13.36M $611.27M +2.8%
Wellington Management 8.51M $389.18M -4.7%
STT State Street 6.18M $284.87M +15.2%
SNV Synovus Financial 5.96M $272.8M -1.1%
Alliancebernstein 4.43M $202.84M -4.0%
BEN Franklin Resources 3.64M $166.52M -15.2%
Dimensional Fund Advisors 3.62M $165.71M +0.9%
MCQEF Macquarie 3.04M $138.88M +3.5%
BK Bank Of New York Mellon 2.85M $130.45M +2.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.75M EXIT
Citadel Advisors 1.51M +1.3M +616.9%
STT State Street 6.18M +817.92K +15.2%
Canada Pension Plan Investment Board 720K +683.66K +1881.5%
CS Credit Suisse 998.83K -661.11K -39.8%
BEN Franklin Resources 3.64M -652.34K -15.2%
STRS Ohio 764.21K +641.21K +521.3%
Carillon Tower Advisers 0 -591.03K EXIT
Arrowstreet Capital, Limited Partnership 0 -569.28K EXIT
BLK Blackrock 13.64M +463.68K +3.5%

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.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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