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SNV

Synovus Financial Corp.

SNV

Synovus Financial Corp. • NYSE
$48.20 ▼ -0.23% (-0.11)
Market Cap $6.69 B
52w High $61.06
52w Low $35.94
Dividend Yield 1.55%
P/E 9.03
Volume 370.54K
Outstanding Shares 138.82M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $615.392M ▼ $348.729M ▲ $196.994M ▼ 32.011% ▲ $1.33 ▼ $249.973M ▼
Q2-2025 $905.777M ▲ $315.701M ▲ $217.715M ▲ 24.036% ▲ $1.49 ▲ $288.28M ▲
Q1-2025 $881.031M ▼ $305.834M ▼ $195.014M ▲ 22.135% ▲ $1.31 ▲ $263.438M ▲
Q4-2024 $924.717M ▼ $309.311M ▲ $190.426M ▲ 20.593% ▲ $1.26 ▲ $251.263M ▲
Q3-2024 $925.787M $304.99M $181.555M 19.611% $1.19 $240.934M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.691B ▼ $60.485B ▼ $54.646B ▼ $5.819B ▲
Q2-2025 $10.619B ▲ $61.057B ▲ $55.418B ▲ $5.618B ▲
Q1-2025 $10.547B ▲ $60.339B ▲ $54.927B ▼ $5.391B ▲
Q4-2024 $10.529B ▲ $60.234B ▲ $54.967B ▲ $5.245B ▼
Q3-2024 $9.408B $59.59B $54.211B $5.356B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $196.505M ▼ $205.724M ▲ $127.201M ▲ $-911.034M ▼ $-578.109M ▼ $220.414M ▲
Q2-2025 $217.119M ▲ $183.229M ▲ $-828.708M ▼ $791.562M ▲ $146.083M ▲ $176.697M ▲
Q1-2025 $194.872M ▲ $51.902M ▼ $-181.742M ▼ $-157.914M ▼ $-287.754M ▼ $43.744M ▼
Q4-2024 $189.377M ▲ $260.819M ▲ $326.762M ▲ $552.794M ▲ $1.14B ▲ $249.051M ▲
Q3-2024 $180.684M $256.926M $-240.277M $-457.645M $-440.996M $241.078M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Financial Management Services
Financial Management Services
 $40.00M ▲$0 ▼$20.00M ▲$20.00M ▲
Community Banking
Community Banking
 $80.00M ▲$0 ▼$0 ▲$0 ▲
Consumer Banking
Consumer Banking
 $110.00M ▲$0 ▼$0 ▲$0 ▲
Wholesale Banking
Wholesale Banking
 $170.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Synovus shows a generally growing top line over the last five years, but earnings have been under some pressure more recently. Revenue has moved upward since the pandemic period, yet profitability peaked a couple of years ago and has since slipped, suggesting that higher funding costs, credit costs, or operating expenses are eating into margins. The bank is still clearly profitable, just not at the earlier peak levels despite higher revenue, which points to a tougher banking environment rather than a growth problem on the customer side.

Balance Sheet

Balance Sheet The balance sheet looks relatively steady and conservative for a regional bank. Total assets have inched up over time, and shareholder equity has gradually strengthened, which supports capital adequacy. Debt has risen but remains modest relative to the overall size of the bank, and cash levels, while lower than in the immediate post‑pandemic period, have improved from their lows. Overall, the balance sheet suggests a fairly solid capital base with manageable leverage, though not an excess of liquidity.

Cash Flow

Cash Flow Cash generation from the core banking business has been consistently positive, aside from a very weak year early in the period. Operating cash flow was especially strong recently and, while it eased in the latest year, it remains healthy. Because the bank’s investment in physical assets is relatively light, free cash flow closely tracks operating cash flow and has been positive in most years. This pattern indicates that Synovus generally turns its accounting profits into real cash, with some normal year‑to‑year swings driven by the interest‑rate and credit environment.

Competitive Edge

Competitive Edge Synovus is a relationship‑driven regional bank with deep roots in the fast‑growing Southeast, which is a favorable backdrop for long‑term demand. Its strengths lie in local market knowledge, strong customer service reputation, and a broad product set that serves individuals, small businesses, and mid‑sized companies. The planned merger with Pinnacle could significantly boost scale, geographic reach, and competitiveness, but also introduces meaningful integration, cultural, and execution risk. The bank still faces intense competition from national banks and digital‑first players, so defending margins and deposit relationships remains an ongoing challenge.

Innovation and R&D

Innovation and R&D For a regional bank, Synovus is leaning relatively hard into technology and specialized offerings rather than traditional “R&D.” It is modernizing digital banking through third‑party platforms, building a smoother experience across branches, web, and mobile, and using automation and early AI tools to cut costs and improve decisions. The “Forward” initiative and the focus on an omni‑channel model show a clear push to redesign how the bank operates. Its Alternative Energy Banking unit and other niche services add a differentiated angle, but success will depend on execution, data security, and staying competitive with larger banks’ technology budgets.

Summary

Synovus appears to be a solid, established regional bank with growing revenue, stable capital, and generally good cash generation, but with profitability coming off earlier highs in a more challenging rate and cost environment. Its core franchise in the Southeast, strong customer relationships, and broad product mix provide a reasonable competitive base. The upcoming Pinnacle merger and the bank’s digital and AI initiatives could reshape the business and potentially enhance efficiency and growth, but they also introduce integration and execution risk. Overall, this is a story of a traditional regional bank trying to adapt and scale in a rapidly changing banking landscape, with both meaningful opportunities and clear uncertainties ahead.

NEWS

November 25, 2025 · 7:30 PM UTC

Pinnacle and Synovus Receive Federal Bank Regulatory Approval to Combine

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November 25, 2025 · 11:30 AM UTC

Synovus donates $50,000 to Feeding America to combat food insecurity

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November 12, 2025 · 11:01 AM UTC

Synovus to present at Goldman Sachs 2025 US Financial Services Conference

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November 12, 2025 · 11:00 AM UTC

Pinnacle and Synovus to Hold Fireside Chat at Goldman Sachs 2025 U.S. Financial Services Conference

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November 6, 2025 · 10:30 AM UTC

Pinnacle and Synovus Shareholders Vote in Favor of Combining Firms

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