Company profile

Kessel D. Stelling
Incorporated in
Fiscal year end
Industry (SEC)
Former names
IRS number

SNV^E stock data


Investment data

Data from SEC filings
Securities sold
Number of investors
Top 50 of 2247 long holdings
End of quarter 31 Mar 20
$1.26B 8.71M
$564.55M 3.75M
$480.62M 4.85M
$385.66M 8.72M
$137.6M 4.91M
$132.97M 1.09M
$108.22M 6.16M
$106.74M 419.71K
$102.49M 4.45M
$100.25M 635.43K
$96.05M 2.69M
$92.12M 1.32M
SPDR S&P 500 Etf TR
$76.48M 296.73K
Vanguard Tax-managed Intl FD
$75.85M 2.27M
$73.41M 1.04M
$72.25M 1.22M
Vanguard Specialized Funds
$70.54M 680.55K
$68.43M 801.48K
$67.35M 1.24M
$59.91M 1.12M
$55.98M 28.71K
Vanguard Intl Equity Index F (FTSE EMR MKT ETF)
$53.86M 1.6M
$53.37M 285.42K
$51.6M 450.83K
$49.34M 1.14M
$47.32M 545.68K
$46.24M 1.59M
$45.65M 347.76K
$44.32M 540.39K
$42.95M 1.25M
$40.26M 148
$39.18M 724.45K
$39.05M 433.08K
$38.97M 606.6K
$37.96M 493.47K
$35.37M 30.49K
$34.2M 216.23K
Vanguard Intl Equity Index F (FTSE EUROPE ETF)
$33.5M 773.1K
$30.06M 236.36K
$28.53M 704.93K
$28.34M 349.77K
$27.94M 82.51K
$27.49M 490.02K
$27.16M 196.01K
$27.02M 827.82K
$26.62M 495.71K
$26.03M 660.3K
$24.11M 149.62K
$23.1M 139.73K
$22.36M 283.06K
Holdings list only includes long positions. Only includes long positions.


11 May 20
2 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 200.84M 231.1M 523.42M 516.13M
Net income 38.52M 151.68M 135.73M 156.18M
Diluted EPS 0.2 0.97 0.83 0.96
Net profit margin 19.18% 65.64% 25.93% 30.26%
Net change in cash 636.92M 4.45M 31.15M -114.6M
Cash on hand 1.82B 1.19B 1.18B 1.15B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.05B 223.03M 1.16B 1.02B
Net income 563.78M 428.48M 275.47M 246.78M
Diluted EPS 3.47 3.47 2.17 1.89
Net profit margin 27.49% 192% 23.70% 24.13%
Net change in cash 43.35M 745.72M 2.67M 28.08M
Cash on hand 1.19B 1.14B 397.85M 395.18M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
24 Jun 20 Andrew J. JR. Gregory Common Stock Payment of exercise Dispose F 21.21 933 19.79K 26,490
11 May 20 Pastides Harris Common Stock Other Aquire J 18.84 305 5.75K 23,461
11 May 20 Stelling Kessel D Common Stock Other Aquire J 18.84 305 5.75K 452,154
11 May 20 Bentsen Tim E Common Stock Other Aquire J 18.84 305 5.75K 25,984
11 May 20 Murphy Diana M Common Stock Other Aquire J 18.84 305 5.75K 15,571
77.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 307 377 -18.6%
Opened positions 35 61 -42.6%
Closed positions 105 60 +75.0%
Increased positions 91 89 +2.2%
Reduced positions 118 154 -23.4%
13F shares
Current Prev Q Change
Total value 2.02B 4.66B -56.7%
Total shares 114.51M 118.85M -3.7%
Total puts 192.1K 152.5K +26.0%
Total calls 224.9K 495K -54.6%
Total put/call ratio 0.9 0.3 +177.3%
Largest owners
Shares Value Change
BLK BlackRock 14.68M $257.75M -2.5%
Vanguard 13.8M $242.25M +2.4%
Wellington Management 10.43M $183.08M +33.4%
SNV^E Synovus Financial 6.16M $108.22M +1.8%
STT State Street 5.22M $93.49M -2.8%
BEN Franklin Resources 4.32M $75.89M +47.4%
Alliancebernstein 3.73M $65.51M -2.1%
Citadel Advisors 3.51M $61.56M -4.8%
Dimensional Fund Advisors 2.92M $51.35M +15.5%
BK Bank Of New York Mellon 1.99M $35.01M +2.0%
Largest transactions
Shares Bought/sold Change
Wellington Management 10.43M +2.61M +33.4%
Millennium Management 489.39K -2.06M -80.8%
Norges Bank 0 -1.4M EXIT
BEN Franklin Resources 4.32M +1.39M +47.4%
EJF Capital 770.22K -1.35M -63.7%
BAC Bank of America 1.08M -1.1M -50.5%
Balyasny Asset Management 513.02K -934.36K -64.6%
Alyeska Investment 0 -836.4K EXIT
Channing Capital Management 1.29M +817.9K +174.5%
Gillson Capital 885.42K +594.55K +204.4%

Financial report summary

  • Competition in the financial services industry may adversely affect our future earnings and growth.
  • We may not realize the expected benefits from our efficiency and growth initiatives, 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 fail to fully realize the anticipated benefits of our acquisition of FCB.
  • We may pursue attractive 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.
  • We may not be able to attract and retain key employees, which 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • If Synovus Bank is unable to grow its deposits, it may be subject to liquidity risk and higher funding costs.
  • 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 interest rates may have an adverse effect on our net interest income.
  • Changes in our asset quality could adversely affect our results of operations and financial condition.
  • 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 undertake additional strategic initiatives to improve our capital position due to changes in economic conditions or changes in regulatory capital rules.
  • Any future economic downturn could have a material adverse effect on our capital, financial condition, results of operations, and future growth.
  • 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.
  • Interest rates on our outstanding financial instruments might be subject to change based on developments related to LIBOR, which could adversely affect our revenue, expenses, and the value of our financial instruments.
  • The soundness of other financial institutions could adversely affect us.
Management Discussion
  • Net income available to common shareholders for 2019 was $540.9 million, an increase of 31.8% compared to $410.5 million for 2018. Net income per diluted common share was $3.47 in both 2019 and 2018. Adjusted net income available to common shareholders(1) for 2019 was $608.5 million, or $3.90 per diluted common share, an increase of 41.4% and 7.3%, respectively, compared to $430.3 million, or $3.64 per diluted common share, for 2018. Results for 2019 include the impact of the Merger with FCB, which closed on January 1, 2019. Synovus incurred $56.6 million in merger-related expense associated with the FCB acquisition in 2019. Return on average assets for 2019 was 1.20%, down 15 basis points from 2018, and the adjusted return on average assets(1) was 1.35% for 2019, down 5 basis points from 2018.
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