Synovus Financial Corp.
 (SNV)

- NYSE
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Tue, Jan. 19, 6:35 AM
    • Synovus (NYSE:SNV): Q4 EPS of $0.44 beats by $0.01.
    • Revenue of $278.79M (+2.5% Y/Y) beats by $1.23M.
    • Press Release
    | Tue, Jan. 19, 6:35 AM
  • Mon, Jan. 18, 5:30 PM
    | Mon, Jan. 18, 5:30 PM | 12 Comments
  • Dec. 3, 2015, 5:02 PM
    • Synovus (NYSE:SNV) declares $0.12/share quarterly dividend, 20% increase from prior dividend of $0.10.
    • Forward yield 1.47%
    • Payable Jan. 4; for shareholders of record Dec. 17; ex-div Dec. 15.
    | Dec. 3, 2015, 5:02 PM
  • Oct. 20, 2015, 8:00 AM
    • Synovus (NYSE:SNV) raises its quarterly dividend by 20% to $0.12/share, resulting in an annual yield of 1.59%.
    • The dividend will be payable from Jan 2016.
    • The company plans to repurchase $300M shares over the next 15 months.
    | Oct. 20, 2015, 8:00 AM
  • Oct. 20, 2015, 6:33 AM
    • Synovus (NYSE:SNV): Q3 EPS of $0.42 in-line.
    • Revenue of $274.85M (+1.7% Y/Y) misses by $0.38M.
    | Oct. 20, 2015, 6:33 AM
  • Oct. 19, 2015, 5:30 PM
  • Oct. 13, 2015, 2:36 PM
    • With a sluggish economy and low rates making for a challenging banking environment, lenders are subject to growing ranks of shareholder activists, reports SNL Financial.
    • A bank with an ROE in the 5-6% range when the cost of capital is closer to 9% or 10% is going to make for a ripe target, says RBC's Gerard Cassidy. And those activists have an ally in proxy advisory firms which have recently been in favor of the shareholders instead of management teams, says Sandler O'Neill's Emmett Daly. Daly notes the pending sale of Metro Bancorp (NASDAQ:METR) to F.N.B. Corp. (NYSE:FNB) - Metro went from having no activists to a handful. "I don't think anyone is too strong," says Daly.
    • Other campaigns include Trian and Bank of New York Mellon (NYSE:BK) and State Street (NYSE:STT), Greenlight and Citizens Financial (NYSE:CFG) and CIT Group (NYSE:CIT), and Basswood and First California (NASDAQ:FCAL), Bank of California (NYSE:BANC), Hudson Valley Holding (NYSE:HVB), Synovus (NYSE:SNV), Astoria (NYSE:AF), and the above-mentioned Metro.
    | Oct. 13, 2015, 2:36 PM | 3 Comments
  • Oct. 2, 2015, 11:33 AM
    • The long-awaited regulatory approval of the M&T Bank's purchase of Hudson City Bancorp, and the relatively quick green light for BB&T's acquisition of Susquehanna Bancshares has lifted M&A animal spirits in the regional bank sector.
    • Another possible buyer could be Regions Financial (NYSE:RF) - its done well on its annual stress tests, and has expressed a willingness to look into deals. There's also Memphis-based First Horizon National (NYSE:FHN), though at least one activist believes the bank is more target than hunter.
    • Possible sellers include First Niagara Financial (NASDAQ:FNFG), which has already put itself on the block.
    • A target for BBT or Regions might be Georgia's Synovus Financial (NYSE:SNV), with $27B in assets, and an activist investor pushing for a sale.
    • Another target might be Astoria Financial (NYSE:AF), with $15.3B in assets, and a neighbor in New York Community Bancorp (NYSE:NYCB) which might be on the hunt for acquisitions.
    | Oct. 2, 2015, 11:33 AM | 8 Comments
  • Sep. 2, 2015, 4:25 PM
    • Synovus (NYSE:SNV) declares $0.10/share quarterly dividend, in line with previous.
    • Forward yield 1.34%
    • Payable Oct. 1; for shareholders of record Sept. 17; ex-div Sept. 15.
    | Sep. 2, 2015, 4:25 PM
  • Jul. 21, 2015, 6:34 AM
    • Synovus (NYSE:SNV): Q2 EPS of $0.42 beats by $0.03.
    • Revenue of $272.48M (+1.5% Y/Y) misses by $0.99M.
    | Jul. 21, 2015, 6:34 AM
  • Jul. 20, 2015, 5:30 PM
    | Jul. 20, 2015, 5:30 PM | 2 Comments
  • Jul. 13, 2015, 12:27 PM
    • CLSA's Mike Mayo describes an "unfathomable" Synovus Financial's (SNV +0.8%) management bonus plan which ties part of executives' pay to loan growth.
    • “It seems remarkable that a company with prior poor loan quality would include this in a plan,” says Mayo, adding that this particular incentive is unique among the bank's peers.
    • Reintroduced in 2014 after a multi-year hiatus, the bank's bonus plan is based 50% on core earnings, 25% on core deposit growth, and 25% on loan growth. CEO Kessel Stelling (at the helm since 2010) received more than $850K in bonus last year.
    | Jul. 13, 2015, 12:27 PM | 3 Comments
  • Jun. 4, 2015, 4:18 PM
    • Synovus (NYSE:SNV) declares $0.10/share quarterly dividend, in line with previous.
    • Forward yield 1.36%
    • Payable July 1; for shareholders of record June 18; ex-div June 16.
    | Jun. 4, 2015, 4:18 PM
  • Apr. 21, 2015, 8:37 AM
    • Q1 income of $51.4M or $0.38 per share vs. $45.9M and $0.33 one  year ago.
    • Total average loans up 5.1% year-over-year. Average core deposits up 2.7%.
    • Adjusted pre-tax, pre-credit costs income of $101M up 4.7% from a year ago.
    • $59.1M of stock repurchased during quarter. Total bought back from October to yesterday of $160M, reducing the float by 6M shares or 4.3%.
    • Net interest income of $203.3M up 1.4% Y/Y, with NIM of 3.28% down 11 basis points.
    • Adjusted noninterest income of $65.1M up 3.3% Y/Y. Mortgage banking income up 32.5% from Q4, with 18.6% increase in production.
    • Noninterest expense of $178.9M down 2.9% Y/Y.
    • CET1 ratio of 10.78%.
    • Earnings call is just underway.
    • Previously: Synovus beats by $0.02, revenue in-line (April 21)
    • SNV flat premarket
    | Apr. 21, 2015, 8:37 AM
  • Apr. 21, 2015, 6:34 AM
    • Synovus (NYSE:SNV): Q1 EPS of $0.38 beats by $0.02.
    • Revenue of $269.12M (-0.6% Y/Y) in-line.
    | Apr. 21, 2015, 6:34 AM
  • Apr. 20, 2015, 5:30 PM
    | Apr. 20, 2015, 5:30 PM | 3 Comments
Company Description
Synovus Financial Corp is a financial services company and a registered bank holding company. It provides integrated financial services including commercial and retail banking, financial management, insurance and mortgage services.