Synovus Financial Corp (N:SNV)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Ste 500 1111 Bay Avenue PO Box 120 COLUMBUS GA 31901 |
| Tel: | 1-706-6416500 |
| Website: | https://www.synovus.com |
| IR: | See website |
| Key People | ||
| Kevin S. Blair Chairman of the Board, President, Chief Executive Officer | Kevin Joseph Howard Executive Vice President and Chief Wholesale Banking Officer | Andrew Jamie Gregory Chief Financial Officer, Executive Vice President |
| Sharon Goodwine Chief Human Resource Officer, Executive Vice President | Shellie R. Creson Executive Vice President, Chief Risk Officer | Allan E. Kamensky Executive Vice President, General Counsel |
| D. Wayne Akins Executive Vice President and Chief Community Banking and Wealth Services Officer | D. Zachary Bishop Executive Vice President - Technology, Operations and Security | Robert W. Derrick Executive Vice President and Chief Credit Officer | Thomas T. Dierdorff Executive Vice President and Head - Corporate and Investment Banking |
| Business Overview |
| Synovus Financial Corp. is a financial service and bank holding company. It conducts its banking operations through Synovus Bank (the Bank). The Bank operates primarily throughout Alabama, Florida, Georgia, South Carolina, and Tennessee. The Company's segments include Wholesale Banking, Community Banking, Consumer Banking, Financial Management Services and Treasury and Corporate Other. Its commercial banking services include commercial, financial, and real estate lending, treasury management, asset management, capital markets services, and institutional trust services. Its consumer banking services include accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit and debit card services. It operates approximately 246 branches and 354 ATMs across its footprint. |
| Financial Overview |
| For the three months ended 31 March 2024, Synovus Financial Corp interest income increased 9% to $782.7M. Net interest income after loan loss provision decreased 21% to $364.9M. Net income applicable to common stockholders decreased 41% to $114.8M. Net interest income after loan loss provision reflects Wholesale Banking segment decrease from $199.1M to $0K, Net Interest Margin, Total -% decrease of 11% to 3.04%. |
| Employees: | 4,798 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $3,116M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,223M as of Mar 31, 2024 |
| Net annual income (TTM): | $428.71M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $2,412M as of Mar 31, 2024 |
| Shares outstanding: | 146,418,407 as of Mar 31, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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