Key Takeaways Synovus is expanding commercial and middle-market banking across South Carolina with seasoned hires. SNV plans a 20-30% hiring boost from 2025-2027 to grow loans, core deposits, and fee income. SNV is enhancing client relationships with talent focused on personalized, community-based banking.Synovus Financial (SNV) is reinforcing its presence in South Carolina by expanding its commercial and middle-market banking operations. The company is prioritizing relationship-driven banking, bringing i ...

Synovus Financial (SNV) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individ ...

Investors might want to bet on Synovus Financial (SNV) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this holding company for Synovus Bank reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong ...

Synovus Financial (SNV) closed the last trading session at $44.10, gaining 10% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $55.56 indicates a 26% upside potential.The mean estimate comprises 16 short-term price targets with a standard deviation of $5.85. While the lowest estimate of $46 indicates a 4.3% increase from the current price level, the most optimistic analyst expects ...

Financial Performance - Net income available to common shareholders for Q1 2025 was $183.7 million, or $1.30 per diluted share, a 60% increase from $114.8 million, or $0.78 per diluted share, in Q1 2024[157]. - Total revenue for Q1 2025 was $570.9 million, a 6% increase from $537.7 million in Q1 2024[156]. - The adjusted net income available to common shareholders for the three months ended March 31, 2025, was $184.38 million, compared to $115.97 million for the same period in 2024[262]. - Net income for the three months ended March 31, 2025, was $194,872,000, compared to $124,070,000 for the same period in 2024, representing a year-over-year increase of 56.7%[263]. - Adjusted net income available to common shareholders for Q1 2025 was $184,380,000, up from $115,973,000 in Q1 2024, reflecting a growth of 58.9%[263]. Revenue and Income Sources - Non-interest revenue for Q1 2025 was $116.5 million, a decrease of $2.4 million, or 2%, compared to Q1 2024, primarily due to lower commercial sponsorship income and brokerage revenue[159]. - The company’s total non-interest revenue for the three months ended March 31, 2025, was $116.47 million, down from $118.89 million for the same period in 2024[261]. Interest Income and Margin - Net interest income for Q1 2025 was $454.4 million, an 8% increase from $418.8 million in Q1 2024, driven by lower funding costs[156]. - The net interest margin increased by 31 basis points to 3.35% compared to the same period in 2024, supported by effective deposit repricing and investment securities repositioning[158]. - Net interest income for Q1 2025 was $454.38 million, compared to $418.85 million for the same period in 2024[262]. Expenses and Efficiency - Non-interest expense decreased by 5% to $308.0 million compared to $322.7 million in the same period last year[156]. - The efficiency ratio improved to 53.81% from 59.87% in the prior year, indicating better cost management[156]. - Total non-interest expense for the first quarter of 2025 was $308.0 million, a decrease of $14.7 million, or 5%, compared to the same period in 2024, primarily due to a reduction in FDIC special assessment accrual[204]. Asset Quality and Credit Losses - Provision for credit losses decreased significantly to $10.9 million from $54.0 million in the prior year, reflecting improved credit performance[156]. - Non-performing assets ratio improved to 0.67% from 0.73% year-over-year, indicating better asset quality[156]. - The net charge-off ratio for Q1 2025 was 20 bps annualized, with net charge-offs totaling $21.4 million[162]. - As of March 31, 2025, non-performing loans (NPLs) were $286.6 million, representing 0.67% of total loans, a decrease from 0.81% a year earlier[217][215]. Capital and Ratios - The CET1 ratio as of March 31, 2025, was 10.77%, a decline of 7 bps from December 31, 2024, due to share repurchases offsetting organic earnings[164]. - The allowance for credit losses (ACL) was $528.9 million at March 31, 2025, down from $539.3 million at December 31, 2024, with an ACL to loans coverage ratio of 1.24%[221][225]. - Tangible common equity ratio improved to 7.26% in Q1 2025 from 6.67% in Q1 2024, demonstrating stronger capital efficiency[264]. Loans and Deposits - Total loans as of March 31, 2025, were $42.65 billion, an increase of $39.7 million from December 31, 2024, with C&I loans representing 52.3% of total loans[161]. - Total deposits as of March 31, 2025, were $50.8 billion, a slight decrease from $51.1 billion at the end of 2024[156]. - Total period-end deposits decreased by $252.3 million compared to December 31, 2024, primarily due to a decrease in time deposits[163]. Projections and Future Outlook - The company expects end-of-period loan growth of 3% to 5% and adjusted revenue growth of 3% to 6% for 2025[171]. - Synovus projects net interest income to increase by 3.7% and 1.8% if interest rates rise by 200 bps and 100 bps, respectively, and to decrease by 1.8% and 3.5% if rates fall by 100 bps and 200 bps, respectively[246].

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Investors interested in stocks from the Banks - Southeast sector have probably already heard of Synovus Financial (SNV) and First Bancorp (FBP) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that tar ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics an ...

Group 1 - Synovus (SNV) shares have performed strongly over the past year due to improving credit quality metrics [1] - Despite strong performance, SNV shares have underperformed during the recent market sell-off, losing approximately 15% [1]

Earnings Results First Quarter 2025 Forward-Looking Statements This slide presentation and certain of our other filings with the Securities and Exchange Commission contain statements that constitute "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identif ...