Synovus Stock Performance Review and Analysis

Synovus stock has experienced significant growth over the years, with its market capitalization increasing from $2.5 billion in 2010 to over $10 billion in 2020.

Synovus's financial performance has been impressive, with a 25% increase in revenue from 2018 to 2019, reaching $3.8 billion.

The company's strong financials have led to a significant increase in its stock price, with a 50% growth from 2018 to 2020, outperforming the S&P 500 index.

Synovus's commitment to community banking has also contributed to its success, with a strong presence in the southeastern United States and a reputation for excellent customer service.

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Synovus Financial's revenue took a hit in 2024, decreasing by 8.94% to $1.85 billion. This decline was a significant drop from the previous year's revenue of $2.03 billion.

Their earnings also suffered, decreasing by 13.43% to $439.56 million. Despite these declines, the company's financial performance is worth keeping an eye on.

Here's a breakdown of Synovus Financial's performance over the past year:

Synovus Financial's performance has been a mixed bag in recent years. The company's revenue was $1.85 billion in 2024, a decrease of -8.94% compared to the previous year's $2.03 billion.

In the stock market, Synovus Financial's performance has been impressive. Over a 6-month period, the stock saw a significant gain of +34.43%. This is a notable increase, and it's likely that investors took notice.

The company's quarterly earnings have also been a point of interest. In the second quarter, Synovus Financial's earnings per share skyrocketed, thanks to the restructuring of its capital and stock composition. However, the earnings fell short of analysts' expectations.

Here's a summary of Synovus Financial's performance over different time periods:

Synovus Financial's performance has been influenced by its earnings. For example, in 2024, the company's earnings were $439.56 million, a decrease of -13.43% compared to the previous year.

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Synovus Financial Corp. recently announced the pricing of its senior notes offering, a significant move in the financial sector.

The company priced its $500 million senior notes offering, a substantial amount that reflects its confidence in the market.

This offering is a testament to Synovus' financial stability and its ability to attract investors.

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Synovus Financial regularly releases earnings call transcripts for its quarterly financial reports.

The earnings calls for Synovus Financial are available for the periods ending June 30, 2022, March 31, 2022, December 31, 2021, and September 30, 2021.

These transcripts provide a detailed account of the company's financial performance and future outlook.

You can find the transcripts for the periods ending June 30, 2022, and March 31, 2022, by searching for the Q2 2022 and Q1 2022 Earnings Call Transcripts.

The Q4 2021 Earnings Call Transcript is available for the period ending December 31, 2021.

The Q3 2021 Earnings Call Transcript is available for the period ending September 30, 2021.

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Analysts are overwhelmingly bullish on Synovus stock, with 19 analysts recommending a "Buy" rating.

According to analyst forecasts, the average 12-month stock price for Synovus is $58.47, representing a 5.69% increase from the latest price.

Several top analysts have made recent adjustments to their price targets for Synovus stock, including UBS, Deutsche Bank, and Truist Securities.

Here's a breakdown of some of the recent analyst updates:

Analysts are optimistic about Synovus Financial Corp, with an average rating of "Buy" from 19 analysts.

The analysts' consensus is clear, with 19 out of 19 analysts recommending a "Buy" rating for Synovus Financial Corp.

A 12-month stock price forecast of $58.47 is predicted, representing a 5.69% increase from the latest price.

UBS has adjusted its price target on Synovus Financial to $68 from $51, while maintaining a "Buy" rating.

Deutsche Bank has initiated coverage on Synovus Financial with a "Buy" rating and a $64 price target.

Truist Securities has adjusted its price target on Synovus Financial to $57 from $52, while maintaining a "Buy" rating.

RBC has raised its price target on Synovus Financial to $57 from $49, while keeping an "Outperform" rating.

Citigroup has initiated Synovus Financial at "Buy" with no specific price target mentioned.

Here's a summary of the analysts' recommendations:

Synovus Financial Corp. will participate in the BancAnalysts Association of Boston Conference.

Chairman, CEO, and President Kevin Blair, along with Executive Vice President and Chief Financial Officer Jamie Gregory, will be in attendance.

The conference is a significant event, and Synovus' participation suggests a commitment to engaging with the investment community.

Synovus' leadership team will likely use this opportunity to discuss the company's performance and future prospects.

The conference is a chance for investors to gain insight into Synovus' operations and make informed decisions.

Synovus Financial Corp. is a well-established financial institution, and its participation in this conference underscores its importance in the industry.

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Synovus Financial Corp. is set to release its fourth-quarter financial results on Wednesday, Jan. 15, 2025.

The company's board of directors has a history of declaring quarterly dividends, including a recent payout of $0.38 per share on the company's common stock.

Synovus Financial has managed to grow its net interest income despite no loan growth and increasing long-term debt, which is a testament to its ability to navigate interest rate volatility.

The Series E preferred shares offer a more attractive yield despite being at a premium price.

Synovus Financial Corp. (NYSE: SNV) pays out a quarterly dividend of $0.38 per share, which is a regular occurrence for the company.

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Synovus Financial Corp. has been making headlines with its recent announcements. Synovus Financial Corp. has declared quarterly dividends of $0.38 per share on its common stock, payable on January 15, 2025.

The company has also been active in its executive appointments. Katie Webb has been named Chief Consumer Digital and Client Experience Officer, and Jim Vaughn has been appointed as Chattanooga Market Executive.

Synovus Financial Corp. presented at the Goldman Sachs 2024 U.S. Financial Services Conference on December 11, 2024. Deutsche Bank has initiated coverage on Synovus Financial with a Buy rating and a price target of $64.

Here are the key dates for Synovus Financial Corp.'s recent announcements:

Synovus Financial Corp.'s equity buyback plan, announced on February 23, 2024, has expired with 6,386,613 shares, representing 4.41% for $270.61 million.