Company profile

Ticker
SNV^E
Exchange
Website
CEO
Kessel D. Stelling
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
CB&T BANCSHARES INC
SEC CIK
IRS number
581134883

SNV^E stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors
Top 50 of 1576 long holdings
End of quarter 31 Dec 19
Value
 
#Shares
 
$1.67B 9.15M
$496.04M 2.82M
$482.9M 8.72M
$471.9M 3.46M
$237.38M 6.06M
$154.52M 2.23M
$103.63M 352.98K
$100.88M 661.15K
$86M 590.4K
$83.46M 529.04K
$75.76M 687.32K
$72.55M 564.19K
$72.19M 860.94K
$69.85M 2.39M
$69.27M 323.42K
$68.96M 2.66M
SPDR S&P 500 Etf TR
$66.34M 206.16K
$65.68M 1.24M
$59.9M 1M
$58.78M 1.4M
Vanguard Intl Equity Index F (FTSE EMR MKT ETF)
$54.04M 1.22M
$51.26M 234.68K
$50.55M 1.29M
$50.26M 148
$49.63M 779.02K
Vanguard Group
$46.53M 373.25K
$45.84M 328.82K
$44.14M 302.61K
$39.93M 21.62K
$38.48M 640.39K
$37.67M 629.44K
$36.87M 288.15K
$36.42M 434.32K
$35.6M 540.2K
$35.27M 387.74K
$34.32M 362.23K
$32.47M 24.26K
$30.04M 282.64K
$28.06M 233.09K
$27.63M 70.9K
$27.13M 389.07K
$26.5M 675.93K
$25.76M 203.42K
$25.47M 723.2K
Vanguard Intl Equity Index F (FTSE EUROPE ETF)
$25.39M 433.26K
$24.98M 520.54K
$24.09M 228K
$23.39M 231.42K
$23.18M 377.77K
$23.16M 116.95K
Holdings list only includes long positions. Only includes long positions.

Calendar

2 Mar 20
6 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 231.1M
Net income 151.68M 135.73M 156.18M 120.19M
Diluted EPS 0.97 0.83 0.96 0.72
Net profit margin 65.64%
Net change in cash 4.45M 31.15M -114.6M 122.36M
Cash on hand 1.19B 1.18B 1.15B 1.27B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 223.03M
Net income 563.78M 428.48M 275.47M 236.55M
Diluted EPS 3.47 3.47 2.17 1.89
Net profit margin 192%
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
12 Mar 20 Butler Stephen T Common Stock Other Aquire J 0 31,639 0 31,639
12 Mar 20 Butler Stephen T Common Stock Other Dispose J 0 31,639 0 80,663
10 Mar 20 Butler Stephen T Common Stock Buy Aquire P 23.73 2,120 50.31K 112,302
9 Mar 20 Stallworth John L. Common Stock Buy Aquire P 22.63 2,200 49.79K 8,027
9 Mar 20 Blair Kevin S. Common Stock Buy Aquire P 22.63 4,413 99.87K 132,982
9 Mar 20 Stelling Kessel D Common Stock Buy Aquire P 23.3 10,000 233K 339,412
81.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 376 376
Opened positions 60 48 +25.0%
Closed positions 60 43 +39.5%
Increased positions 89 105 -15.2%
Reduced positions 154 147 +4.8%
13F shares
Current Prev Q Change
Total value 4.66B 4.23B +10.1%
Total shares 118.84M 118.36M +0.4%
Total puts 152.5K 346.4K -56.0%
Total calls 495K 298.4K +65.9%
Total put/call ratio 0.3 1.2 -73.5%
Largest owners
Shares Value Change
BLK BlackRock 15.06M $590.39M +5.6%
Vanguard 13.47M $528.02M -4.4%
Wellington Management 7.81M $306.26M +0.8%
SNV^E Synovus Financial 6.06M $237.38M -0.4%
STT State Street 5.37M $212.27M -2.0%
Alliancebernstein 3.81M $149.39M -1.3%
Citadel Advisors 3.68M $144.34M +89.4%
BEN Franklin Resources 2.93M $114.95M +18.0%
Millennium Management 2.54M $99.75M +1089.0%
Dimensional Fund Advisors 2.53M $99.21M -17.0%
Largest transactions
Shares Bought/sold Change
Millennium Management 2.54M +2.33M +1089.0%
Citadel Advisors 3.68M +1.74M +89.4%
Norges Bank 1.4M +1.4M NEW
FMR 1.38M +1.38M +38932.2%
Victory Capital Management 546.24K -1.29M -70.3%
EJF Capital 2.12M +1.19M +128.1%
Azora Capital 0 -1.1M EXIT
Balyasny Asset Management 1.45M +992.26K +218.0%
SAMG Silvercrest Asset Management 1.04M -897.08K -46.3%
BLK BlackRock 15.06M +797.67K +5.6%

Financial report summary

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Risks
  • 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.
Content analysis ?
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