Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Analysts on Wall Street project that Synovus Financial (SNV) will announce quarterly earnings of $0.96 per share in its forthcoming report, representing a decline of 17.2% year over year. Revenues are projected to reach $496.57 million, declining 12.6% from the same quarter last year. Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical res ...

The earnings report, which is expected to be released on July 17, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This holding company for Synovus Bank is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of -17.2%. Estimate Revisions Trend The market expects Synovus Financial (SNV) to deliver a year-over-year decline in earnings on lower ...

The company benefits from high interest rates. Its net interest income (NII) has seen a steady uptrend in the past few years. Management expects NII to improve in the second half of 2024, backed by fixed-rate investment securities portfolio repositioning, high asset yields and a decline in funding costs. Decent loan demand will also offer support to NII, thus driving top-line growth. As of Mar 31, 2024, SNV's total debt was $2.03 billion while cash and cash equivalents were $2.42 billion. Thus, given the co ...

The bank's long-term issuer rating has been affirmed at Baa3. Its long- and short-term local currency deposit ratings were maintained at A3 and Prime-2, respectively. Moody's upheld the stable outlook for the long-term issuer and deposit ratings. Moody's rating affirmed Synovus Bank's ratings, demonstrating a balance between the credit headwinds related to a significant concentration in commercial real estate (CRE) loans and the pressures that result in asset quality and profitability. The higher level of c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q ______________________________ ☒ Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 Commission file number 1-10312 ______________________________ SYNOVUS FINANCIAL CORP. (Exact name of registrant as specified in its charter) ______________________________ Georgia 58-1134883 (State or other jurisdiction of (I.R.S. i ...

Our current forecast for core deposits indicates growth within a 2% to 6% range for the year, aided by seasonal tailwinds as the year progresses and new core funding growth initiatives. With the last FOMC rate increase now having occurred roughly nine months ago, we believe deposit costs are in the process of stabilizing, and with some residual upward pressure remaining into the second quarter should result in a peak total deposit beta for the cycle between 49% and 50%. We continue to closely monitor and ma ...

Synovus Exhibit 99.2 INCOME STATEMENT DATA (Unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------|-------|--------------------|------------------|----------------------|------------------|------------------|---------------------------------------------| | (Dollars in thousands, except per share data) | First | 2024 \n Quarter | Fourth Quarter | 2023 \nThird Quarter | \nSecond Quarter | First Quarter | First Quarter \n'24 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-K _______________________ ☒ Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Commission file number 1-10312 _______________________ SYNOVUS FINANCIAL CORP. (Exact name of registrant as specified in its charter) _______________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identificatio ...

Now moving to Slide 7. Net interest income was $437 million in the fourth quarter, a decline of 1% from the third quarter, which is slightly better than our previously disclosed expectations. Our net interest margin was stable during the fourth quarter versus a 9 basis point sequential decline in the third quarter. Better-thanexpected core interest-bearing deposit costs reduced borrowings and increasing earning asset yields supported the margin. The partial securities repositioning, which was completed in D ...