Financial Performance & Strategy - Synovus is focused on long-term shareholder value creation[9] - Synovus completed the transition from multiple legacy banking platforms to a singularly branded Synovus name and platform[6] - Synovus launched Synovus Forward to further optimize revenue and reduce expenses[6] - Synovus is implementing a 4-pillar execution strategy[6] Loan Portfolio & Credit Quality - Synovus has a highly diverse loan mix as of 9/30/23, with Middle Market and Commercial loans comprising 29% of the portfolio[33, 34] - The company's total C&I portfolio was $228 billion as of 3Q23[62] - The CRE portfolio totaled $124 billion in 3Q23[70] - The consumer loan portfolio totaled $85 billion in 3Q23[80] 2024 Outlook & Guidance - Synovus anticipates NIM expansion of approximately +20 bps from 4Q23 to 4Q24[38] - The company expects adjusted non-interest expense to be relatively flat in 2024, excluding the impact of the 4Q23 FDIC special assessment[38, 41] - Synovus projects core deposit growth of 2%-6% for 2024[40]

Financial Performance & Growth - Middle market banker team grew by 7% YTD[18] - Middle Market, CIB and Specialty Lines generated 8% annualized loan growth[18] - Treasury and Payments Solutions revenue increased by 9% YTD[18] - CET1 Ratio increased by 38 bps to 1060% from 12/31/2023[18] Loan & Deposit Portfolio - Wholesale Bank core deposits increased by $257 million in "Go for the Gold" campaign[18] - Variable loans represent approximately 62% (~$26 billion) of the total loan portfolio as of June 30, 2024[21] - Non-Interest Bearing Deposits account for 23% of the total deposit portfolio as of June 30, 2024[21] Credit Quality & Risk Management - Net charge-offs/average loans contained at 036% YTD (annualized)[18] - Allowance for Credit Losses (ACL) increased modestly to 125% of loans from YE 2023[18] - Office Loans account for 42% of Total Loans[40] Guidance - Adjusted revenue is expected to be $555 - $560 million in 3Q24[49] - Adjusted non-interest revenue is projected to be $115 – $120 million in 3Q24[49] - Adjusted non-interest expense is guided to be $305 - $310 million in 3Q24[49]

Synovus' Transformation and Growth - Synovus has undergone a multi-year transformation, enhancing its ability to succeed [6] - The company is capitalizing on growth tailwinds with stronger loan growth, balanced core deposit growth, and continued healthy non-interest revenue growth [11, 21] - Synovus is focused on long-term shareholder value creation [14] Financial Performance and Guidance - The Common Equity Tier 1 Ratio decreased by 440 bps from 3Q22 [13] - Allowance For Credit Losses increased by 112 bps from 3Q22 [13] - Wholesale Funding/Assets increased by 11 bps from 3Q22 [13] - The company projects 3%-6% loan growth and 3%-6% core deposit growth for 2025 [35] - Synovus anticipates 3%-7% adjusted revenue growth and 3%-7% adjusted non-interest expense growth in 2025 [35] Strategic Initiatives - Synovus is targeting a 20-30% expansion of relationship managers over the next 3 years [26] - Strategic growth segments include Middle Market, Specialty Lending, and CIB [22]

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].

Core Viewpoint - In times of market volatility, value investing becomes a preferred strategy as investors seek to buy undervalued stocks when others are selling at lower prices [1][2]. Value Investing Strategy - Value investors capitalize on market uncertainty by purchasing stocks at discounted prices when other investors sell [1]. - The strategy can lead to "value traps" if not understood properly, where stocks underperform due to persistent issues rather than temporary problems [3]. Importance of PEG Ratio - The PEG ratio, defined as (Price/Earnings)/Earnings Growth Rate, is a crucial metric for value investors, as a low PEG ratio indicates better value [5]. - Unlike P/E alone, the PEG ratio helps identify a stock's intrinsic value, although it has limitations regarding changing growth rates [5]. Screening Criteria for Value Stocks - Effective screening for value stocks includes criteria such as: - PEG Ratio less than industry median - P/E Ratio less than industry median - Zacks Rank 1 (Strong Buy) or 2 (Buy) - Market Capitalization greater than $1 billion - Average 20-Day Volume greater than 50,000 - Percentage Change in F1 Earnings Estimate Revisions greater than 5% - Value Score of A or B combined with a Zacks Rank of 1, 2, or 3 [6]. Selected Stocks - **Barrick Gold (GOLD)**: A leading gold mining company with 3.9 million ounces of gold and 195,000 tons of copper produced in 2024, holding 89 million ounces of proven and probable gold reserves. It has a Zacks Rank 2 and a Value Score of A, with a five-year expected growth rate of 33.5% [8][9]. - **StoneCo (STNE)**: A financial technology company in Brazil providing various financial services. It has a Zacks Rank 1 and a Value Score of B, with a long-term expected growth rate of 26.3% [9][10]. - **Synovus Financial (SNV)**: A diverse financial services company with a Zacks Rank 2 and a Value Score of A, boasting a five-year expected growth rate of 10.2% [11][12]. - **BGC Group, Inc. (BGC)**: A financial brokerage and technology company with a long-term expected earnings growth rate of 24.7%, holding a Value Score of B and a Zacks Rank of 1 [12][13].

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a me ...