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
Sector
Industry (SIC)
Former names
CB&T BANCSHARES INC
SEC CIK
Corporate docs
IRS number
581134883
SNV stock data
()
News
Synovus Financial Q1 Adj. EPS $1.21 Beats $0.92 Estimate, Sales $485.59M Miss $486.31M Estimate
20 Apr 21
Earnings Scheduled For April 20, 2021
20 Apr 21
Earnings Outlook For Synovus Financial
19 Apr 21
Raymond James Maintains Outperform on Synovus Finl, Raises Price Target to $53
7 Apr 21
Benzinga's Top Ratings Upgrades, Downgrades For March 24, 2021
24 Mar 21
Investment data
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
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
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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 | |||||
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Diluted EPS |
Financial data from company earnings reports.
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 359 |
Opened positions | 87 |
Closed positions | 18 |
Increased positions | 102 |
Reduced positions | 112 |
13F shares |
Current |
---|---|
Total value | 4.01B |
Total shares | 114.11M |
Total puts | 278.4K |
Total calls | 267.7K |
Total put/call ratio | 1.0 |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 13.18M | $426.48M |
Vanguard | 12.99M | $420.59M |
Wellington Management | 8.93M | $289.04M |
SNV Synovus Financial | 6.03M | $195.09M |
STT State Street | 5.36M | $175.44M |
Alliancebernstein | 4.62M | $149.43M |
BEN Franklin Resources | 4.29M | $138.94M |
Dimensional Fund Advisors | 3.59M | $116.2M |
MCQEF Macquarie | 2.93M | $94.98M |
BK Bank Of New York Mellon | 2.77M | $89.67M |
Financial report summary
?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 | ||
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Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
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Removed:
addressing, ago, analyzed, anticipate, assumption, attrition, beneficially, biennially, Cabela, comparability, complying, concept, confidentiality, conformance, consolidate, deductibility, depth, disallowed, disposal, disproportionate, eliminating, emergence, emphasized, enjoyed, estimating, expansion, expensing, expired, explicitly, factor, Foremost, golden, inability, incremental, inhibit, integration, intervention, jointly, lack, legacy, lessee, lessor, minimal, nonbinding, OTTI, override, planned, profit, proper, reclassification, remeasurement, removed, rent, simplification, simplified, simplify, solid, stabilization, steering, step, stipulated, stranded, sublease, surcharge, timeline, transitional, triennially, unaudited, unrelated, validated, WFB
Financial reports
10-K
2020 FY
Annual report
1 Mar 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
2 Mar 20
10-Q
2019 Q3
Quarterly report
5 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
6 Nov 18
Current reports
8-K
Synovus Announces Earnings for the First Quarter 2021
20 Apr 21
8-K
Regulation FD Disclosure
1 Mar 21
8-K
Departure of Directors or Certain Officers
19 Feb 21
8-K
Synovus Announces Earnings for the Fourth Quarter 2020
26 Jan 21
8-K
Synovus Announces 2021 CEO Transition
17 Dec 20
8-K
Regulation FD Disclosure
8 Dec 20
8-K
Entry into a Material Definitive Agreement
29 Oct 20
8-K
Synovus Announces Earnings for the Third Quarter 2020
20 Oct 20
8-K
Pedro Cherry Appointed to Synovus Board of Directors
17 Sep 20
8-K
Synovus Announces Earnings for the Second Quarter 2020
21 Jul 20
Registration and prospectus
S-3ASR
Automatic shelf registration
8 Jun 20
S-8
Registration of securities for employees
28 May 20
S-3ASR
Automatic shelf registration
16 Aug 19
8-A12B
Registration of securities on exchange
1 Jul 19
424B5
Prospectus supplement for primary offering
26 Jun 19
FWP
Free writing prospectus
24 Jun 19
424B5
Prospectus supplement for primary offering
24 Jun 19
25-NSE
Exchange delisting
30 Apr 19
424B5
Prospectus supplement for primary offering
1 Feb 19
FWP
Free writing prospectus
31 Jan 19
Proxies
DEFA14A
Additional proxy soliciting materials
10 Mar 21
DEF 14A
Definitive proxy
10 Mar 21
DEFA14A
Additional proxy soliciting materials
8 Apr 20
DEFA14A
Additional proxy soliciting materials
11 Mar 20
DEF 14A
Definitive proxy
11 Mar 20
PRE 14A
Preliminary proxy
20 Feb 20
DEFA14A
Additional proxy soliciting materials
12 Mar 19
DEF 14A
Definitive proxy
12 Mar 19
DEF 14A
Definitive proxy
15 Mar 18
DEFA14A
Additional proxy soliciting materials
15 Mar 18
Other
EFFECT
Notice of effectiveness
29 Jan 19
EFFECT
Notice of effectiveness
30 Oct 18
CORRESP
Correspondence with SEC
24 Oct 18
UPLOAD
Letter from SEC
11 May 14
CORRESP
Correspondence with SEC
8 May 14
UPLOAD
Letter from SEC
4 May 14
CERTNYS
Certification of approval for NYSE listing
25 Jul 13
UPLOAD
Letter from SEC
24 Jul 13
CORRESP
Correspondence with SEC
20 Jun 13
CORRESP
Correspondence with SEC
3 Jun 13
Ownership
11-K
Annual report of employee stock purchases
31 Mar 21
11-K
Annual report of employee stock purchases
31 Mar 21
4
SYNOVUS FINANCIAL / STEPHEN T BUTLER ownership change
15 Mar 21
4
SYNOVUS FINANCIAL / Kessel D Stelling ownership change
10 Mar 21
4
SYNOVUS FINANCIAL / MARK G HOLLADAY ownership change
22 Feb 21
4
SYNOVUS FINANCIAL / ANDREW J. JR. GREGORY ownership change
22 Feb 21
4
SYNOVUS FINANCIAL / Robert Warren Derrick ownership change
22 Feb 21
4
SYNOVUS FINANCIAL / Jill K Hurley ownership change
22 Feb 21
4
SYNOVUS FINANCIAL / Kevin S. Blair ownership change
22 Feb 21
4
SYNOVUS FINANCIAL / Kessel D Stelling ownership change
22 Feb 21
Transcripts
2020 Q3
Earnings call transcript
20 Oct 20
2020 Q2
Earnings call transcript
21 Jul 20
2020 Q1
Earnings call transcript
25 Apr 20
2019 Q4
Earnings call transcript
24 Jan 20
2019 Q3
Earnings call transcript
22 Oct 19
2019 Q2
Earnings call transcript
16 Jul 19
2019 Q1
Earnings call transcript
23 Apr 19
2018 Q4
Earnings call transcript
15 Jan 19
2018 Q3
Earnings call transcript
23 Oct 18
2018 Q2
Earnings call transcript
24 Jul 18
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