Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend y ...

PresentationThanks. All right. Well, continuing with the mid-cap theme. We're really excited to have both Terry and Kevin here to talk about the Pinnacle-Synovus transaction, an exciting time for mid-cap banks. So obviously, an exciting time for you all.Kevin BlairCEO, President & Chairman Well, thank you for having us. It's great to be with my dear friend, Terry, here today. You guys can see that we're traveling around, and we'll talk a little less about the deal itself. You guys have had 1.5 months to dig ...

PresentationThanks. All right. Well, continuing with the mid-cap theme. We're really excited to have both Terry and Kevin here to talk about the Pinnacle-Synovus transaction, an exciting time for mid-cap banks. So obviously, an exciting time for you all.Kevin BlairCEO, President & Chairman Well, thank you for having us. It's great to be with my dear friend, Terry, here today. You guys can see that we're traveling around, and we'll talk a little less about the deal itself. You guys have had 1.5 months to dig ...

Synovus Financial (NYSE:SNV) FY Conference September 09, 2025 02:45 PM ET Company ParticipantsKevin Blair - Chairman, CEO, and PresidentTerry Turner - President and CEOOperatorThanks. All right. Continuing with the mid-cap theme, we're really excited to have both Terry and Kevin here to talk about the Pinnacle-Synovus transaction. It's an exciting time for mid-cap banks, obviously an exciting time for you all. You know, obviously, Pinnacle announced the merger with Synovus, an MOE with Synovus, where it wil ...

Synovus Financial (NYSE: SNV ) is a regional bank based in the southeastern United States. In addition to common shares, the bank offers two different preferred share options. One preferred share (NYSE: SNV.PR.D ) is currently floating at SOFR plusAbout My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target ...

Company Overview - Synovus Financial (SNV) is headquartered in Columbus and has experienced a price change of -3.57% this year [3] - The company currently pays a dividend of $0.39 per share, resulting in a dividend yield of 3.16%, which is higher than the Banks - Southeast industry's yield of 2.34% and the S&P 500's yield of 1.5% [3] Dividend Performance - The current annualized dividend of Synovus Financial is $1.56, reflecting a 2.6% increase from the previous year [4] - Over the past 5 years, Synovus has increased its dividend 3 times year-over-year, with an average annual increase of 4.48% [4] - The company's current payout ratio is 30%, indicating that it pays out 30% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, Synovus expects solid earnings growth, with the Zacks Consensus Estimate for 2025 at $5.43 per share, representing a year-over-year growth rate of 22.57% [5] Investment Considerations - Synovus is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [6] - Income investors are attracted to dividends for various reasons, including tax advantages and reduced overall portfolio risk [5]

Core Viewpoint - Sonoro Energy Ltd. has commenced drilling the Countess Well in Alberta, targeting Mississippian-aged carbonate formations at an estimated depth of approximately 3,500 feet [1][2]. Group 1: Company Operations - The Countess Well is located at 04-15-19-15 W4, approximately 10 kilometers west of Brooks, Alberta, with Sonoro holding a 100% working interest in the project [3]. - The drilling team is focused on strict health and safety practices during the drilling program [2]. Group 2: Company Overview - Sonoro Energy Ltd. is a Calgary-based oil and gas exploration company that aims to identify and develop high-quality resource opportunities in Western Canada and the Middle East [4]. - The company is committed to responsible energy development and delivering value through operational excellence [4].

Group 1: Zacks Premium Overview - Zacks Premium offers various tools to help investors become more confident and informed, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1] - The service includes access to Zacks Style Scores, which are designed to assist investors in selecting stocks with the potential to outperform the market [2] Group 2: Zacks Style Scores - Zacks Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each providing insights based on different investment strategies [3][4][5][6] - The Value Score focuses on identifying undervalued stocks using financial ratios, while the Growth Score assesses a company's financial health and future growth potential [3][4] - The Momentum Score helps investors capitalize on price trends, and the VGM Score combines all three styles to highlight stocks with the best overall characteristics [5][6] Group 3: Zacks Rank and Stock Selection - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +23.75% since 1988 [7] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while also considering the earnings outlook [9][10] Group 4: Company Spotlight - Synovus Financial - Synovus Financial Corp., based in Columbus, GA, provides a range of financial services through its subsidiary, Synovus Bank, which operates 244 branches across several states [11] - Currently, Synovus has a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Value Style Score of B due to a forward P/E ratio of 9.02, indicating attractive valuation metrics [12] - The company has seen positive earnings estimate revisions, with the Zacks Consensus Estimate for fiscal 2025 increasing by $0.36 to $5.43 per share, and an average earnings surprise of +14% [12][13]

Company Overview - Synovus Financial (SNV) is headquartered in Columbus and has experienced a price change of -8.37% this year [3] - The company currently pays a dividend of $0.39 per share, resulting in a dividend yield of 3.32%, which is higher than the Southeast banking industry's yield of 2.44% and the S&P 500's yield of 1.47% [3] Dividend Performance - The current annualized dividend of Synovus Financial is $1.56, reflecting a 2.6% increase from the previous year [4] - Over the past five years, the company has increased its dividend three times year-over-year, with an average annual increase of 4.48% [4] - The current payout ratio is 30%, indicating that the company pays out 30% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2025, the Zacks Consensus Estimate for earnings is $5.43 per share, which represents a year-over-year earnings growth rate of 22.57% [5] - The company is positioned as a strong dividend play, appealing to income investors [6] Investment Considerations - Synovus Financial is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [6]

Part I. Financial Information [Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents Synovus Financial Corp.'s unaudited interim consolidated financial statements, showing increased total assets and net income, primarily due to loan growth and the absence of prior-year investment securities losses [Consolidated Financial Statements](index=6&type=section&id=Consolidated%20Financial%20Statements) Consolidated financial statements reveal total assets grew to **$61.06 billion**, driven by a **$949.7 million** increase in net loans, while deposits decreased by **$1.17 billion**, and net income significantly rose to **$412.0 million** Consolidated Balance Sheet Highlights (as of June 30, 2025 vs. Dec 31, 2024) | Account | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total Assets | $61,056,785 | $60,233,644 | +$823,141 | | Loans, net | $43,071,885 | $42,122,183 | +$949,702 | | Total Deposits | $49,925,007 | $51,095,359 | -$1,170,352 | | Long-term Debt | $3,909,478 | $1,733,109 | +$2,176,369 | | Total Equity | $5,638,642 | $5,266,251 | +$372,391 | Consolidated Income Statement Highlights | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $459.6M | $435.0M | $913.9M | $853.8M | | Net Income (Loss) | $217.1M | $(14.7)M | $412.0M | $109.4M | | Diluted EPS | $1.48 | $(0.16) | $2.77 | $0.62 | - Net cash provided by operating activities was **$235.1 million**, net cash used in investing activities was **$1.01 billion** primarily due to increased loans, and net cash provided by financing activities was **$633.6 million**, driven by **$2.15 billion** in long-term debt proceeds offsetting deposit decreases and share repurchases[29](index=29&type=chunk) [Notes to Unaudited Interim Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Unaudited%20Interim%20Consolidated%20Financial%20Statements) This section details financial statement figures, covering investment and loan portfolio composition, credit quality, ACL, fair value, derivatives, segment performance, and the significant merger agreement with Pinnacle Financial Partners - On July 24, 2025, Synovus entered into a merger agreement with Pinnacle Financial Partners, Inc., which upon completion will result in Synovus shareholders owning approximately **48.5%** of the combined company[155](index=155&type=chunk)[156](index=156&type=chunk) Loan Portfolio Composition (June 30, 2025) | Loan Category | Amount (in thousands) | % of Total | | :--- | :--- | :--- | | Commercial and Industrial | $23,098,344 | 53.0% | | Commercial Real Estate | $12,139,690 | 27.9% | | Consumer | $8,298,682 | 19.1% | | **Total Loans** | **$43,536,716** | **100.0%** | Allowance for Credit Losses (ACL) Summary | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Allowance for Loan Losses (ALL) | $464.8M | $486.8M | | Reserve for Unfunded Commitments | $49.0M | $52.5M | | **Total ACL** | **$513.8M** | **$539.3M** | | ACL to Loans Ratio | 1.18% | 1.27% | - During the first six months of 2025, Synovus repurchased **2.9 million shares** of common stock at an average price of **$48.62** per share[85](index=85&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=45&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%20(MD%26A)) Management discusses Q2 and H1 2025 financial performance, covering net interest income, credit quality, loan and deposit trends, non-interest items, capital, liquidity, and updated 2025 guidance, including the announced merger with Pinnacle [Discussion of Results of Operations](index=48&type=section&id=Discussion%20of%20Results%20of%20Operations) Q2 2025 net income reached **$206.3 million**, a significant recovery from prior-year losses, driven by a **7%** increase in net interest income to **$913.9 million** and **2%** loan growth, despite a **2%** decline in total deposits - The significant year-over-year increase in net income was primarily impacted by the absence of a **$256.7 million** loss from the sale of AFS investment securities that occurred in Q2 2024[171](index=171&type=chunk) - Updated 2025 guidance includes expectations for **4% to 6%** loan growth, **1% to 3%** core deposit growth, and **5% to 7%** adjusted revenue growth[187](index=187&type=chunk) Loan Portfolio Growth (June 30, 2025 vs. Dec 31, 2024) | Loan Category | Change ($) | Change (%) | | :--- | :--- | :--- | | Commercial and Industrial | +$767.2M | +3% | | Commercial Real Estate | +$125.1M | +1% | | Consumer | +$35.4M | 0% | | **Total Loans** | **+$927.7M** | **+2%** | - Total period-end deposits decreased by **$1.17 billion** since December 31, 2024, primarily due to a **$1.01 billion** decline in core deposits, attributed to a reduction in time deposits and seasonal factors[204](index=204&type=chunk) [Credit Quality, Capital Resources and Liquidity](index=56&type=section&id=Credit%20Quality%2C%20Capital%20Resources%20and%20Liquidity) Credit quality improved with NPL ratio at **0.59%** and net charge-off ratio at **0.17%**, supported by robust capital with a **10.96%** CET1 ratio and **$23.5 billion** in contingent liquidity Key Credit and Capital Ratios | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Non-performing loans as a % of total loans | 0.59% | 0.73% | | Net charge-offs/average loans (Q2 annualized) | 0.17% | 0.26% (Q4) | | ACL to loans coverage ratio | 1.18% | 1.27% | | CET1 capital ratio | 10.96% | 10.84% | - Criticized and classified loans decreased by **$117.0 million** to **$1.57 billion** (**3.6%** of total loans) compared to December 31, 2024, mainly due to the upward migration and paydowns of several commercial credits[239](index=239&type=chunk)[240](index=240&type=chunk)[241](index=241&type=chunk) - The company maintains a strong liquidity position with approximately **$23.5 billion** in contingent liquidity sources, including **$5.66 billion** in available FHLB funding capacity[256](index=256&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=64&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages interest rate risk, its primary market risk, through simulation, projecting moderate asset sensitivity with a **+100 bps** rate shift increasing net interest income by **2.1%** and a **-100 bps** shift decreasing it by **2.1%** Twelve Month Net Interest Income Sensitivity (as of June 30, 2025) | Change in Interest Rates (bps) | Estimated % Change in Net Interest Income | | :--- | :--- | | +200 | 4.3% | | +100 | 2.1% | | -100 | (2.1)% | | -200 | (4.1)% | - Synovus uses interest rate swaps to manage interest rate risk, holding **$4.35 billion** in notional cash flow hedges and **$2.25 billion** in notional fair value hedges as of June 30, 2025[279](index=279&type=chunk)[280](index=280&type=chunk) [Controls and Procedures](index=69&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that as of June 30, 2025, the company's disclosure controls and procedures were effective[291](index=291&type=chunk) - No material changes to internal control over financial reporting occurred during the quarter ended June 30, 2025[292](index=292&type=chunk) Part II. Other Information [Legal Proceedings](index=70&type=section&id=Item%201.%20Legal%20Proceedings) The company faces ordinary course legal proceedings, with reserves established for probable losses and an estimated aggregate reasonably possible loss range of zero to **$10 million** beyond accrued amounts - For legal matters where a loss is reasonably possible, management estimates the aggregate range of loss is from zero to **$10 million** in excess of amounts already accrued[137](index=137&type=chunk) [Risk Factors](index=70&type=section&id=Item%201A.%20Risk%20Factors) This section outlines new risks from the pending merger with Pinnacle Financial Partners, including integration challenges, synergy realization, business disruption, and heightened regulatory scrutiny as a Category IV institution with assets exceeding **$100 billion** - The consummation of the merger with Pinnacle is contingent on shareholder and regulatory approvals, which may be delayed, denied, or result in the imposition of adverse conditions[299](index=299&type=chunk)[300](index=300&type=chunk) - The company expects to incur substantial, and potentially underestimated, expenses related to the merger and integration process[304](index=304&type=chunk)[305](index=305&type=chunk) - Following the merger, the combined company will have assets exceeding **$100 billion**, subjecting it to heightened supervision and more stringent regulatory requirements as a Category IV institution[310](index=310&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=72&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's Q2 2025 share repurchase activity, where **476,000 shares** of common stock were repurchased at an average price of **$44.64** per share Share Repurchases - Q2 2025 | Period | Total Shares Repurchased (thousands) | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 273 | $43.99 | | May 2025 | 203 | $45.52 | | June 2025 | — | — | | **Total** | **476** | **$44.64** |