Synovus Financial Corp.

SNV

US87161C5013

Banks

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
36.85 ^USD	+0.71%		+5.56%	-2.12%

Apr. 19	DA Davidson Adjusts Synovus Financial's Price Target to $43 From $45, Maintains Buy Rating	MT
Apr. 19	Barclays Adjusts Price Target on Synovus Financial to $39 From $42, Maintains Equalweight Rating	MT

Synovus Financial Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

January 17, 2024 at 05:08 pm EST

Synovus Financial Corp. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 437.21 million compared to USD 501.35 million a year ago.

Net income was USD 70.34 million compared to USD 205.77 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 1.36 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 1.35 a year ago.

Latest news about Synovus Financial Corp.

DA Davidson Adjusts Synovus Financial's Price Target to $43 From $45, Maintains Buy Rating	Apr. 19	MT
Barclays Adjusts Price Target on Synovus Financial to $39 From $42, Maintains Equalweight Rating	Apr. 19	MT
Goldman Sachs Cuts Price Target on Synovus Financial to $41 From $46, Maintains Neutral Rating	Apr. 19	MT
BofA Securities Adjusts Synovus Financial Price Target to $40 From $44, Maintains Buy Rating	Apr. 19	MT
JPMorgan Adjusts Synovus Financial's Price Target to $48 From $50, Keeps Overweight Rating	Apr. 19	MT
Truist Lowers Price Target on Synovus Financial to $39 From $45, Keeps Buy Rating	Apr. 19	MT
Keefe, Bruyette & Woods Downgrades Synovus Financial to Market Perform From Outperform, Cuts Price Target to $38 From $46	Apr. 19	MT
RBC Cuts Price Target on Synovus Financial to $41 From $44, Keeps Outperform Rating	Apr. 19	MT
Sector Update: Financial Stocks Edge Higher Pre-Bell Thursday	Apr. 18	MT
Sector Update: Financial	Apr. 18	MT
Transcript : Synovus Financial Corp., Q1 2024 Earnings Call, Apr 18, 2024	Apr. 18
Raymond James Downgrades Synovus Financial to Market Perform From Strong Buy	Apr. 18	MT
Synovus Financial Q1 Adjusted Earnings, Revenue Decline More Than Forecast; Shares Fall Premarket	Apr. 18	MT
Synovus Financial Q1 Adjusted Earnings, Revenue Fall; Shares Drop After Hours	Apr. 17	MT
Earnings Flash (SNV) SYNOVUS FINANCIAL Posts Q1 Revenue $537.7M, vs. Street Est of $547.5M	Apr. 17	MT
Earnings Flash (SNV) SYNOVUS FINANCIAL Posts Q1 EPS $0.79, vs. Street Est of $0.99	Apr. 17	MT
Tranche Update on Synovus Financial Corp.'s Equity Buyback Plan announced on February 23, 2024.	Apr. 17	CI
Synovus Financial Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 17	CI
North American Morning Briefing : Stock Futures -2-	Apr. 17	DJ
Wells Fargo Raises Price Target on Synovus Financial to $42 From $40, Keeps Overweight Rating	Apr. 10	MT
RBC Lifts Price Target on Synovus Financial to $44 From $42, Keeps Outperform Rating	Apr. 09	MT
JPMorgan Raises Price Target on Synovus Financial to $50 From $46, Maintains Overweight Rating	Apr. 04	MT
Synovus Launches Accelerate Pay for Business Payments	Apr. 03	MT
Synovus Introduces Accelerate Pay for Business Payments	Apr. 03	CI
Financials Down Amid Commercial Real-Estate Fears -- Financials Roundup	Apr. 01	DJ

Chart Synovus Financial Corp.

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Company Profile

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.

Sector

Banks

Calendar

2024-07-15 - Q2 2024 Earnings Release (Projected)

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Ratings for Synovus Financial Corp.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

36.85 USD

Average target price

40.94 USD

Spread / Average Target

+11.09%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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