Last 7 days
1.1%
Last 30 days
9.6%
Last 90 days
9.3%
Trailing 12 Months
43.1%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 3.1B | 0 | 0 | 0 |
2023 | 2.4B | 2.7B | 2.9B | 3.1B |
2022 | 1.7B | 1.7B | 1.8B | 2.1B |
2021 | 1.7B | 1.7B | 1.7B | 1.7B |
2020 | 2.0B | 2.0B | 1.9B | 1.8B |
2019 | 1.5B | 1.7B | 1.9B | 2.1B |
2018 | 1.2B | 1.2B | 1.3B | 1.3B |
2017 | 1.0B | 1.1B | 1.1B | 1.2B |
2016 | 963.9M | 982.6M | 1.0B | 1.0B |
2015 | 931.7M | 933.2M | 937.9M | 946.0M |
2014 | 927.0M | 927.7M | 927.2M | 928.7M |
2013 | 971.9M | 949.6M | 935.8M | 929.0M |
2012 | 1.1B | 1.1B | 1.1B | 1.0B |
2011 | 1.2B | 1.2B | 1.1B | 1.1B |
2010 | 1.5B | 1.4B | 1.4B | 1.3B |
2009 | 0 | 1.7B | 1.6B | 1.5B |
2008 | 0 | 0 | 0 | 1.9B |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Apr 24, 2024 | storey barry l. | acquired | 110,018 | 36.82 | 2,988 | - |
Apr 24, 2024 | cherry pedro p. | acquired | 110,018 | 36.82 | 2,988 | - |
Apr 24, 2024 | white teresa l | acquired | 110,018 | 36.82 | 2,988 | - |
Apr 24, 2024 | apter stacy | acquired | 110,018 | 36.82 | 2,988 | - |
Apr 24, 2024 | bentsen tim e | acquired | 110,018 | 36.82 | 2,988 | - |
Apr 24, 2024 | villoch alexandra | acquired | 110,018 | 36.82 | 2,988 | - |
Apr 24, 2024 | pastides harris | acquired | 110,018 | 36.82 | 2,988 | - |
Apr 24, 2024 | irby john h. | acquired | 110,018 | 36.82 | 2,988 | - |
Apr 24, 2024 | stallworth john l. | acquired | 110,018 | 36.82 | 2,988 | - |
Apr 24, 2024 | murphy diana m | acquired | 110,018 | 36.82 | 2,988 | - |
Which funds bought or sold SNV recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 16, 2024 | EJF Capital LLC | reduced | -17.84 | -431,850 | 2,999,530 | 2.08% |
May 16, 2024 | HANCOCK WHITNEY CORP | added | 17.77 | 631,670 | 3,127,650 | 0.11% |
May 16, 2024 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -5.38 | 39,679 | 5,900,920 | 0.01% |
May 16, 2024 | Ancora Advisors LLC | unchanged | - | 6,020 | 100,070 | -% |
May 16, 2024 | LEVIN CAPITAL STRATEGIES, L.P. | new | - | 320,480 | 320,480 | 0.03% |
May 16, 2024 | COMERICA BANK | added | 93.07 | 2,505,170 | 4,881,400 | 0.02% |
May 16, 2024 | JANE STREET GROUP, LLC | reduced | -43.77 | -1,282,870 | 1,910,260 | -% |
May 15, 2024 | Lee Financial Co | sold off | -100 | -2,259 | - | -% |
May 15, 2024 | CAPITAL FUND MANAGEMENT S.A. | reduced | -30.91 | -846,549 | 2,349,560 | 0.01% |
May 15, 2024 | Waverly Advisors, LLC | reduced | -2.2 | 11,992 | 307,620 | 0.01% |
Unveiling Synovus Financial Corp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Synovus Financial Corp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
JPM | 588.1B | 174.7B | 11.68 | 3.37 | ||||
BAC | 307.4B | 137.9B | 12.28 | 2.23 | ||||
WFC | 213.0B | 85.8B | 11.35 | 2.48 | ||||
C | 122.2B | 125.0B | 15.29 | 0.98 | ||||
CFG | 16.9B | 10.4B | 11.81 | 1.62 | ||||
KEY | 14.5B | 8.1B | 16.61 | 1.78 | ||||
MID-CAP | ||||||||
CMA | 7.3B | 4.2B | 10.46 | 1.71 | ||||
ZION | 6.6B | 4.1B | 10.55 | 1.63 | ||||
ABCB | 3.5B | 1.3B | 12.32 | 2.65 | ||||
ASB | 3.4B | 2.0B | 20.88 | 1.65 | ||||
SMALL-CAP | ||||||||
AMNB | 497.6M | 120.2M | 19.02 | 4.14 | ||||
AROW | 417.1M | 173.1M | 14.3 | 2.41 | ||||
ALRS | 390.4M | 152.4M | 39.27 | 2.56 | ||||
ACNB | 295.5M | 98.7M | 10.04 | 2.99 | ||||
ASRV | 48.0M | 62.5M | -16.24 | 0.77 |
Synovus Financial Corp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | -0.7% | 783 | 788 | 786 | 759 | 717 | 655 | 551 | 454 | 416 | 418 | 413 | 413 | 410 | 433 | 436 | 452 | 484 | 506 | 523 | 516 | 505 |
EBITDA Margin | -8.2% | 0.78* | 0.85* | 0.97* | 1.12* | 1.25* | 1.36* | 1.48* | 1.55* | 1.57* | 1.59* | 1.51* | 1.42* | - | - | - | - | - | - | - | - | - |
Interest Expenses | -4.2% | 419 | 437 | 443 | 456 | 481 | 501 | 478 | 425 | 392 | 392 | 385 | 382 | 374 | 386 | 377 | 377 | 373 | 399 | 402 | 397 | 397 |
Income Taxes | 77.8% | 37.00 | 21.00 | 28.00 | 48.00 | 58.00 | 54.00 | 60.00 | 50.00 | 43.00 | 69.00 | 54.00 | 57.00 | 49.00 | 37.00 | 40.00 | 31.00 | 4.00 | 55.00 | 51.00 | 55.00 | 40.00 |
Earnings Before Taxes | 78.2% | 161 | 90.00 | 124 | 222 | 260 | 260 | 263 | 228 | 214 | 269 | 241 | 243 | 236 | 187 | 131 | 124 | 42.00 | 207 | 187 | 211 | 161 |
EBT Margin | -16.0% | 0.19* | 0.23* | 0.30* | 0.37* | 0.43* | 0.46* | 0.53* | 0.56* | 0.58* | 0.60* | 0.54* | 0.47* | - | - | - | - | - | - | - | - | - |
Net Income | 63.2% | 115 | 70.00 | 97.00 | 174 | 202 | 206 | 203 | 178 | 171 | 200 | 187 | 186 | 187 | 150 | 92.00 | 93.00 | 39.00 | 143 | 136 | 156 | 120 |
Net Income Margin | -17.8% | 0.15* | 0.18* | 0.23* | 0.29* | 0.33* | 0.37* | 0.41* | 0.43* | 0.45* | 0.46* | 0.43* | 0.36* | - | - | - | - | - | - | - | - | - |
Free Cashflow | -97.8% | 6.00 | 255 | 294 | 353 | 348 | 572 | 390 | 21.00 | 179 | -55.28 | 399 | 408 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | 0.0% | 59,835 | 59,810 | 59,343 | 60,656 | 61,840 | 59,731 | 58,640 | 57,383 | 56,420 | 57,317 | 55,509 | 54,939 | 55,159 | 54,394 | 53,041 | 54,122 | 50,620 | 48,203 | 47,661 | 47,318 | 46,630 |
Cash Equivalents | -1.1% | 2,424 | 2,451 | 2,138 | 2,054 | 3,365 | 1,978 | 1,868 | 1,665 | 1,554 | 3,010 | 2,687 | 3,263 | 3,328 | 4,253 | 1,985 | 1,571 | 1,824 | 1,187 | 1,182 | 1,151 | 1,266 |
Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 487 | 491 | 480 |
Goodwill | 0% | 480 | 480 | 480 | 476 | 452 | 452 | 452 | 452 | 452 | 452 | 452 | 452 | 452 | 452 | 452 | 497 | 497 | 497 | 488 | 492 | 485 |
Liabilities | 0.2% | 54,793 | 54,665 | 54,781 | 55,848 | 57,070 | 55,256 | 54,410 | 52,798 | 51,595 | 52,020 | 50,256 | 49,701 | 49,997 | 49,233 | 47,976 | 49,069 | 45,554 | 43,262 | 42,792 | 42,564 | 42,032 |
Short Term Borrowings | - | - | - | - | - | - | 603 | - | - | - | 0.00 | - | - | - | - | - | - | - | - | - | - | - |
Long Term Debt | 5.1% | 2,032 | 1,933 | 2,705 | 4,021 | 5,146 | 4,110 | 4,434 | 1,804 | 805 | 1,204 | 1,204 | 1,203 | 1,203 | 1,202 | 1,628 | 2,328 | 3,152 | 2,154 | 2,154 | 2,306 | 2,106 |
Shareholder's Equity | -1.5% | 5,042 | 5,120 | 4,537 | 4,808 | 4,770 | 4,476 | 4,230 | 4,584 | 4,825 | 5,297 | 5,253 | 5,238 | 5,162 | 5,161 | 5,065 | 5,053 | 5,065 | 4,942 | 4,869 | 4,754 | 4,598 |
Retained Earnings | 2.3% | 2,574 | 2,517 | 2,512 | 2,481 | 2,371 | 2,235 | 2,085 | 1,940 | 1,822 | 1,710 | 1,567 | 1,437 | 1,308 | 1,178 | 1,085 | 1,051 | 1,014 | 1,068 | 969 | 886 | 781 |
Additional Paid-In Capital | 0.0% | 3,958 | 3,956 | 3,941 | 3,934 | 3,925 | 3,920 | 3,917 | 3,908 | 3,899 | 3,894 | 3,883 | 3,873 | 3,864 | 3,851 | 3,832 | 3,827 | 3,821 | 3,819 | 3,801 | 3,802 | 3,794 |
Shares Outstanding | -0.2% | 146 | 147 | 146 | 146 | 146 | 145 | 145 | 145 | 145 | 147 | 148 | 148 | - | - | - | - | - | - | - | - | - |
Minority Interest | -1.8% | 24.00 | 24.00 | 25.00 | 25.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Float | - | - | - | - | 4,216 | - | - | - | 4,950 | - | - | - | 6,105 | - | - | - | - | - | - | - | 2,872 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | -91.0% | 24,076 | 266,213 | 302,311 | 359,659 | 354,440 | 580,659 | 399,836 | 29,662 | 181,332 | -49,326 | 406,816 | 416,296 | 20,230 | 225,392 | 674,630 | -902,751 | 19,761 | 256,939 | 108,275 | 113,328 | 142,508 |
Share Based Compensation | 7.3% | 7,914 | 7,373 | 7,900 | 8,240 | 8,711 | 5,519 | 7,874 | 6,177 | 8,334 | 6,310 | 8,354 | 5,467 | 7,664 | 4,768 | 4,953 | 5,350 | 3,570 | 3,091 | 5,171 | 5,981 | 10,244 |
Cashflow From Investing | -128.4% | -78,344 | 276,339 | 1,025,644 | -285,566 | -692,451 | -1,161,694 | -1,722,078 | -937,645 | -1,034,065 | -1,283,033 | -1,433,542 | -38,067 | -1,629,524 | 870,565 | -51,131 | -1,868,375 | -1,304,032 | -639,537 | -172,779 | -693,171 | -648,375 |
Cashflow From Financing | 111.5% | 26,342 | -228,757 | -1,244,475 | -1,385,342 | 1,725,631 | 691,011 | 1,524,986 | 1,019,540 | -603,617 | 1,654,792 | 451,470 | -443,819 | 684,643 | 1,171,597 | -209,361 | 2,518,517 | 1,921,187 | 387,046 | 95,653 | 465,239 | 628,228 |
Dividend Payments | 0.3% | 55,733 | 55,558 | 55,536 | 55,502 | 49,465 | 49,439 | 49,416 | 49,442 | 47,851 | 48,099 | 48,651 | 49,093 | 48,834 | 48,614 | 48,612 | 48,592 | 44,149 | 44,477 | 47,243 | 47,237 | 28,966 |
Buy Backs | - | 30,015 | - | - | - | - | - | - | 3,316 | 9,671 | 32,790 | 74,635 | 92,507 | - | - | - | - | 16,246 | 36,538 | 343,690 | 25,003 | 320,167 |
CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | |
Interest income: | ||
Loans, including fees | $ 691,715 | $ 629,557 |
Investment securities available for sale | 71,906 | 61,054 |
Loans held for sale | 578 | 5,577 |
Federal Reserve Bank balances | 15,031 | 16,818 |
Other earning assets | 3,480 | 3,873 |
Total interest income | 782,710 | 716,879 |
Interest expense: | ||
Deposits | 332,666 | 173,935 |
Long-term debt | 29,595 | 42,529 |
Other borrowings | 1,603 | 19,664 |
Total interest expense | 363,864 | 236,128 |
Net interest income | 418,846 | 480,751 |
Provision for (reversal of) credit losses | 53,980 | 32,154 |
Net interest income after provision for (reversal of) credit losses | 364,866 | 448,597 |
Non-interest revenue: | ||
Service charges on deposit accounts | 21,813 | 22,974 |
Fiduciary and asset management fees | 19,013 | 19,696 |
Card fees | 19,486 | 15,824 |
Brokerage revenue | 22,707 | 24,204 |
Mortgage banking income | 3,418 | 3,858 |
Capital markets income | 6,627 | 15,127 |
Income from bank-owned life insurance | 7,347 | 7,262 |
Investment securities gains (losses), net | 0 | 1,030 |
Recovery of NPA | 0 | 13,126 |
Other non-interest revenue | 18,477 | 10,025 |
Total non-interest revenue | 118,888 | 133,126 |
Non-interest expense: | ||
Salaries and other personnel expense | 188,521 | 188,924 |
Net occupancy, equipment, and software expense | 46,808 | 42,860 |
Third-party processing and other services | 20,258 | 21,833 |
Professional fees | 7,631 | 8,963 |
FDIC insurance and other regulatory fees | 23,819 | 10,268 |
Restructuring charges (reversals) | 1,524 | (733) |
Loss on other loans held for sale | 0 | 16,750 |
Other operating expense | 34,180 | 32,987 |
Total non-interest expense | 322,741 | 321,852 |
Income before income taxes | 161,013 | 259,871 |
Income tax expense | 36,943 | 57,712 |
Net income | 124,070 | 202,159 |
Less: Net income (loss) attributable to noncontrolling interest | (437) | 0 |
Net income attributable to Synovus Financial Corp. | 124,507 | 202,159 |
Less: Preferred stock dividends | 9,685 | 8,291 |
Net income available to common shareholders | $ 114,822 | $ 193,868 |
Net income per common share, basic (in dollars per share) | $ 0.78 | $ 1.33 |
Net income per common share, diluted (in dollars per share) | $ 0.78 | $ 1.32 |
Weighted average common shares outstanding, basic (in shares) | 146,430 | 145,799 |
Weighted average common shares outstanding, diluted (in shares) | 147,122 | 146,727 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
ASSETS | ||
Interest-earning deposits with banks and other cash and cash equivalents | $ 2,379,778 | $ 2,414,103 |
Federal funds sold and securities purchased under resale agreements | 43,722 | 37,323 |
Total cash, cash equivalents, and restricted cash | 2,423,500 | 2,451,426 |
Investment securities available for sale, at fair value | 9,694,515 | 9,788,662 |
Loans held for sale (includes $36,698 and $47,338 measured at fair value, respectively) | 130,586 | 52,768 |
Loans, net of deferred fees and costs | 43,309,877 | 43,404,490 |
Allowance for loan losses | (492,661) | (479,385) |
Loans, net | 42,817,216 | 42,925,105 |
Cash surrender value of bank-owned life insurance | 1,119,379 | 1,112,030 |
Premises, equipment, and software, net | 375,315 | 365,851 |
Goodwill | 480,440 | 480,440 |
Other intangible assets, net | 43,021 | 45,928 |
Other assets | 2,751,148 | 2,587,324 |
Total assets | 59,835,120 | 59,809,534 |
Deposits: | ||
Non-interest-bearing deposits | 12,042,353 | 12,507,616 |
Interest-bearing deposits | 38,537,889 | 38,231,569 |
Total deposits | 50,580,242 | 50,739,185 |
Federal funds purchased and securities sold under repurchase agreements | 128,244 | 189,074 |
Other short-term borrowings | 252,469 | 3,496 |
Long-term debt | 2,031,735 | 1,932,534 |
Other liabilities | 1,800,794 | 1,801,097 |
Total liabilities | 54,793,484 | 54,665,386 |
Shareholders' equity: | ||
Preferred stock - no par value; authorized 100,000,000 shares; issued 22,000,000 | 537,145 | 537,145 |
Common stock - $1.00 par value; authorized 342,857,143 shares; issued 171,873,265 and 171,360,188, respectively; outstanding 146,418,407 and 146,705,330, respectively | 171,873 | 171,360 |
Additional paid-in capital | 3,957,576 | 3,955,819 |
Treasury stock, at cost; 25,454,858 and $24,654,858 shares, respectively | (974,499) | (944,484) |
Accumulated other comprehensive income (loss), net | (1,248,194) | (1,117,073) |
Retained earnings | 2,574,017 | 2,517,226 |
Total Synovus Financial Corp. shareholders' equity | 5,017,918 | 5,119,993 |
Noncontrolling interest in subsidiary | 23,718 | 24,155 |
Total equity | 5,041,636 | 5,144,148 |
Total liabilities and equity | $ 59,835,120 | $ 59,809,534 |
Treasury stock, shares at cost (in shares) | 25,454,858 | 24,654,858 |
 | Mr. Kevin S. Blair |
---|---|
 | synovus.com |
 | Banks Diversified |
 | 5097 |