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Synovus Financial (SNV)

(Real Time Quote from BATS)

$46.71 USD

46.71
288,310

+0.82 (1.79%)

Updated Jul 23, 2024 12:06 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value F Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 37% (158 out of 250)

Industry: Banks - Southeast

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Balance Sheet

Research for SNV

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Synovus Financial Corp falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 2,451 1,978 3,010 4,253 1,187
Receivables 42,925 43,273 38,884 37,647 36,881
Notes Receivable 0 0 0 0 0
Inventories 53 392 751 760 115
Other Current Assets 0 0 0 0 0
Total Current Assets 45,429 45,642 42,645 42,660 38,183
Net Property & Equipment 366 371 407 464 407
Investments & Advances 9,789 9,678 10,918 7,962 6,779
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 526 480 488 498 553
Deposits & Other Assets 3,699 3,561 2,859 2,810 2,195
Total Assets 59,810 59,731 57,317 54,394 48,203
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 193 750 264 236 1,919
Accounts Payable 50,739 48,872 49,427 46,692 38,406
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 50,932 49,622 49,691 46,927 40,325
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,933 4,110 1,204 1,202 2,154
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,801 1,524 1,125 1,103 783
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 54,665 55,256 52,020 49,233 43,262
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 537 537 537 537 537
Common Stock (Par) 171 170 169 168 167
Capital Surplus 3,956 3,920 3,894 3,851 3,819
Retained Earnings 2,517 2,235 1,710 1,178 1,068
Other Equity -1,093 -1,442 -82 159 66
Treasury Stock 944 944 932 732 716
Total Shareholder's Equity 5,144 4,476 5,297 5,161 4,942
Total Liabilities & Shareholder's Equity 59,810 59,731 57,317 54,394 48,203
Total Common Equity 4,607 3,939 4,760 4,624 4,405
Shares Outstanding 146.20 145.40 145.50 147.80 146.50
Book Value Per Share 31.51 27.09 32.71 31.29 30.07

Fiscal Year End for Synovus Financial Corp falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -97,704 2,424 2,451 2,138 2,054
Receivables 42,608 42,817 42,925 43,202 43,882
Notes Receivable NA 0 0 0 0
Inventories 139 131 53 67 514
Other Current Assets NA 0 0 0 0
Total Current Assets 45,042 45,371 45,429 45,407 46,451
Net Property & Equipment 375 375 366 364 365
Investments & Advances 9,712 9,695 9,789 9,237 9,621
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles 521 523 526 529 537
Deposits & Other Assets 3,956 3,871 3,699 3,806 3,681
Total Assets 59,606 59,835 59,810 59,343 60,656
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 97 381 193 101 85
Accounts Payable 50,196 50,580 50,739 50,204 50,080
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities 50,293 50,961 50,932 50,305 50,165
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt 2,284 2,032 1,933 2,705 4,021
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 1,953 1,801 1,772 1,661
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 54,530 54,793 54,665 54,781 55,848
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 537 537 537 537 537
Common Stock (Par) 172 172 171 171 171
Capital Surplus 3,966 3,958 3,956 3,941 3,934
Retained Earnings 2,495 2,574 2,517 2,512 2,481
Other Equity -1,027 -1,224 -1,093 -1,655 -1,370
Treasury Stock 1,066 975 944 944 944
Total Shareholder's Equity 5,077 5,042 5,144 4,562 4,808
Total Liabilities & Shareholder's Equity 59,606 59,835 59,810 59,343 60,656
Total Common Equity 4,540 4,504 4,607 4,024 4,271
Shares Outstanding 146.40 146.40 146.20 146.10 146.10
Book Value Per Share 31.01 30.77 31.51 27.55 29.23