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SNV-PE

Synovus Financial Corp.

SNV-PE

Synovus Financial Corp. • NYSE
$26.30 ▼ -0.38% (-0.10)
Market Cap $3.66 B
52w High $27.21
52w Low $24.21
Dividend Yield 2.10%
P/E 5.46
Volume 10.25K
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 Q2-2024Q3-2024Q4-2024Q2-2025
Community Banking
Community Banking
 $80.00M ▲$80.00M ▲$0 ▼$10.00M ▲
Consumer Banking
Consumer Banking
 $100.00M ▲$110.00M ▲$0 ▼$10.00M ▲
Financial Management Services
Financial Management Services
 $30.00M ▲$40.00M ▲$0 ▼$20.00M ▲
Wholesale Banking
Wholesale Banking
 $160.00M ▲$170.00M ▲$0 ▼$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Synovus has grown its revenue steadily over the past several years, which suggests a healthy underlying franchise and decent loan and fee growth. However, profits have not kept pace with that growth. Earnings and margins were strongest a couple of years ago and have since come down, even as revenue continued to rise. This points to pressure from higher funding costs, credit provisioning, or other operating costs. Overall, the bank still looks clearly profitable, but with earnings that are now more constrained and sensitive to the interest-rate and credit cycle than earlier in the period shown.

Balance Sheet

Balance Sheet The balance sheet shows a gradual build in total assets, consistent with a growing regional bank expanding its lending and customer base. Cash levels have moved around year to year but remain meaningful, indicating reasonable liquidity. Debt is present but modest relative to the overall size of the balance sheet, and shareholder equity has trended upward after a dip in the middle of the period. This suggests a capital position that has been reinforced over time. As with any bank, the real risks sit in loan quality and deposit stability, which are not fully visible here but remain key areas to monitor.

Cash Flow

Cash Flow Cash generation from the core business has generally been solid, with only one weak year early in the period. In most years, operating cash flow comfortably covered the bank’s modest investment spending, leading to consistently positive free cash flow. That pattern indicates decent internal funding capacity and flexibility to support growth, dividends, or balance-sheet strengthening. For banks, cash flows can be volatile due to loan growth and deposit movements, so the strong free cash flow trend is a positive, but it should be viewed alongside credit and funding conditions in any given year.

Competitive Edge

Competitive Edge Synovus occupies a well-defined niche as a relationship-focused regional bank in the fast-growing Southeast. Its strength lies in long-standing local relationships, a strong community banking culture, and a broad mix of services spanning retail, commercial, wealth, and payments. The Maast embedded finance platform and treasury capabilities help differentiate it from more traditional peers and extend its reach beyond its physical footprint. At the same time, it competes in a very crowded field that includes national banks, aggressive regional peers, and fintechs. Economic swings in its core Southeastern markets and rising competition for deposits and loans remain important competitive risks.

Innovation and R&D

Innovation and R&D For a regional bank, Synovus is leaning relatively hard into innovation. It has modern digital platforms for consumers and businesses, is deploying AI tools both for risk management and internal productivity, and is building out Maast as a banking-as-a-service offering that lets software firms embed financial products directly into their applications. The majority stake in Qualpay supports this strategy in payments. These initiatives could open up new revenue streams and efficiency gains, but they also add execution, technology, and regulatory complexity. How well Synovus scales Maast, harnesses AI responsibly, and integrates innovation with its traditional relationship model will be key to its longer-term differentiation.

Summary

Overall, Synovus looks like a growing regional bank with a solid, but currently pressured, earnings profile and a generally sound balance sheet. Revenue growth and rising assets show business momentum, while positive free cash flow and increasing equity point to underlying financial resilience. The main financial watchpoints are margin compression, cost control, and credit quality in a changing rate and economic environment. Strategically, the bank’s combination of deep local relationships, a focused Southeastern footprint, and ambitious digital and fintech initiatives—especially Maast and AI adoption—could strengthen its position if executed well. Investors following Synovus will likely focus on how profitability trends evolve, how successfully it scales its technology and embedded finance efforts, and how effectively it manages integration and risk in a competitive, regulated industry.