Last €2.35 EUR
Change Today -0.058 / -2.41%
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As of 3:00 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1111 Bay Avenue

Suite 500

Columbus, GA 31901

United States

Phone: 706-649-2311


Synovus Financial Corp., a financial services company, provides integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. Banking Operations The company conducts its banking operations through Synovus Bank. Synovus Bank is a Georgia state-chartered bank. Synovus Bank operates through 29 locally-branded bank divisions throughout Alabama, Florida, Georgia, South Carolina, and Tennessee. Synovus Bank offers commercial banking services and retail banking services. The company’s commercial banking services include cash management, asset management, capital markets services, institutional trust services, and commercial, financial, and real estate loans. Its retail banking services include 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. Major Non-bank Subsidiaries In addition to the company’s banking operations, it provides various other financial services to its customers through various direct and indirect wholly-owned non-bank subsidiaries, such as Synovus Securities, Inc., which engages in professional portfolio management for fixed-income securities, investment banking, the execution of securities transactions as a broker/dealer, and the provision of individual investment advice on equity and other securities; Synovus Trust Company, N.A., which provides trust services; Synovus Mortgage Corp., which offers mortgage services; and GLOBALT, Inc., which provides asset management and financial planning services. Lending Activities Commercial and Industrial (C&I) Loan Portfolio The C&I loan portfolio represents the major category of the company’s total loan portfolio. Its C&I loan portfolio is concentrated on small to middle market C&I lending disbursed throughout a group of industries in the Southeast, including health care, finance and insurance, manufacturing, construction, real estate leasing, and retail trade. Approximately 93% of the company’s C&I loans are secured by real estate, business equipment, inventory, and other types of collateral. The company formed the Corporate Banking Group to complement its core banking talent and further improve the C&I portfolio. The Corporate Banking Group provides lending solutions to corporate clients, and includes specialty units, such as syndications and senior housing. The Corporate Banking Group also originates loans and participates in loans to capitalized public companies and private companies that operate in the five-state footprint, as well as other states in the Southeast. Commercial Real Estate Loan Portfolio The company’s commercial real estate loans consist of investment property loans, residential construction and development loans, land acquisition loans, and 1-4 family perm/mini-perm loans. Investment Property Loans: The company’s investment property loans are primarily made to finance multi-family properties, hotels, office buildings, shopping centers, warehouses, and other commercial development properties. Residential Construction and Development and Land Acquisition Loans: The residential construction and development loans and land acquisition loans are always secured by the underlying property being financed by such loans. These properties are primarily located in the markets served by the company. 1-4 Family Perm/Mini-Perm Loans: 1-4 family perm/mini-perm loans are always secured by the underlying property being financed by such loans. These properties are primarily located in the markets served by the company. Retail Loan Portfolio The company’s retail loan portfolio consists of various loan products offered through its banking network, including residential mortgages, home equity lines, credit card loans, and other retail loans. These various types of secured and unsecured retail loans are marketed to qualifying existing clients and to other creditworthy candidates in its market area.

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Industry Analysis


Industry Average

Valuation SYU Industry Range
Price/Earnings 26.2x
Price/Sales 3.2x
Price/Book 1.1x
Price/Cash Flow 20.2x
TEV/Sales NM Not Meaningful

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