Last $23.60 USD
Change Today +0.04 / 0.17%
Volume 199.2K
SNV On Other Exchanges
Symbol
Exchange
Munich
As of 12:34 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

synovus financial corp (SNV) Snapshot

Open
$23.49
Previous Close
$23.56
Day High
$23.61
Day Low
$23.42
52 Week High
01/15/14 - $26.50
52 Week Low
05/19/14 - $20.18
Market Cap
3.3B
Average Volume 10 Days
1.1M
EPS TTM
$1.29
Shares Outstanding
139.0M
EX-Date
06/17/14
P/E TM
18.3x
Dividend
$0.28
Dividend Yield
1.19%
Current Stock Chart for SYNOVUS FINANCIAL CORP (SNV)

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synovus financial corp (SNV) Details

Synovus Financial Corp. operates as a financial services and bank holding company. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company’s commercial banking services comprise cash management, asset management, capital markets services, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services consist of accepting customary types of demand and savings deposits; mortgage, installment, and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet based banking services; and bank credit card services, including MasterCard and Visa services. It also offers various other financial services, including the portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, and provision of individual investment advice on equity and other securities; trust services; and financial planning services. As of January 23, 2014, the company provided its services through 28 divisions, 261 offices, and 363 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corp. was founded in 1888 and is headquartered in Columbus, Georgia.

synovus financial corp (SNV) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $534.7K
Chief Operations Officer, Executive Vice Pres...
Total Annual Compensation: $532.1K
Chief Risk Officer, Executive Vice President,...
Total Annual Compensation: $434.8K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $434.8K
Compensation as of Fiscal Year 2013.

synovus financial corp (SNV) Key Developments

Synovus Financial Corp. Plans to Close 13 Branches Across its Five-State Footprint

Synovus Financial Corp. plans to close 13 branches across its five-state footprint in the fourth quarter as part of its ongoing cost-cutting efforts. Total restructuring charges relating to the branch closings are estimated at approximately $13 million, of which $7.7 million was recorded in the second quarter. The specific branches to be closed have not yet been announced.

Synovus Financial Corporation Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2014

Synovus Financial Corporation reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $205,051,000, income before income taxes of $73,950,000 and net income of $46,872,000 against net interest income of $202,077,000, income before income taxes of $72,906,000 and net income of $45,535,000 a year ago. Interest income was $232,213,000 against $231,513,000 for the same period in the last year. Net income available to common shareholders was $44,313,000 or $0.32 diluted and basic EPS against $30,717,000 or $0.24 diluted EPS for the same period in the last year. Return on average assets was 0.71% and return on average common equity was 6.14% against return on average assets of 0.69% and return on average common equity of 4.70% a year ago. Adjusted revenues were $268,439,000 against $265,766,000 a year ago. Adjusted net income available to common shareholders was $49,027,000 or $0.35 per diluted share. Net interest income increased $4.5 million versus the first quarter, driven primarily by loan growth and a higher day count. For the six months, the company reported net interest income of $405,566,000, income before income taxes of $150,975,000 and net income of $95,289,000 against net interest income of $401,891,000, income before income taxes of $119,459,000 and net income of $75,109,000 a year ago. Net income available to common shareholders was $90,170,000 or $0.65 diluted and basic EPS against $45,515,000 or $0.35 diluted EPS for the same period in the last year. Return on average assets was 0.73% and return on average common equity was 6.33% against return on average assets of 0.58% and return on average common equity of 3.51% a year ago. Interest income was $460,595,000 against $461,903,000 for the same period in the last year. Book value per common share as at June 30, 2014 was $21.05 against $20.03 as at June 30, 2013. Tangible book value per common share as at June 30, 2014 was $20.87 against $19.81 as at June 30, 2013. For the quarter, the company announced net charge-offs of $35,371,000 against $29,969,000 for the same period in the last year. The elevation was directly related to the significant reduction in NPLs second quarter as evidenced by declining credit costs.

Synovus Financial Corp. Announces Dividend on Series C Preferred Stock, Payable on August 1, 2014

Synovus Financial Corp. announced that its Board of Directors has declared a dividend of $0.49218750 per share on the company's Series C Preferred Stock. The dividend will be payable on August 1, 2014 to shareholders of record as of July 15, 2014.

 

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