SYNOVUS FINANCIAL CORP (SNV)

Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. The company operates through the following segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services (FMS). The Community Banking business segment serves customers using a relationship-based approach through its branch, ATM, commercial, and private wealth network in addition to mobile, Internet, and telephone banking. The Wholesale Banking business segment serves primarily larger corporate customers by providing commercial lending and deposit services through specialty teams including middle market, CRE, senior housing, national accounts, premium finance, structured lending, healthcare, asset-based lending, and community investment capital. The Consumer Banking business segment serves individual and small business clients through its branch and ATM network, in addition to digital and telephone channels. The Financial Management Services (FMS) business segment serves its customers by providing mortgage and trust services and specializing in professional portfolio management for fixed-income securities, investment banking, the execution of securities transactions as a broker/dealer, asset management, financial planning, and family office services, as well as the provision of individual investment advice on equity and other securities. It offers private banking, treasury management, wealth management, premium finance and international banking, commercial and retail banking, financial management, insurance, and mortgage services to its customers. The company was founded in 1972 and is headquartered in Columbus, GA.

Address

1111 BAY AVENUE
COLUMBUS, GA 31901

Founded

1972

Number of Employees

4,879

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
- $172,060 $252,363 $135,842 $135 $688 $16 $200 $13 - - $70,165
Average Price - $28.37 $29.46 $42.47 $51.85 $36.55 $36.08 $45.33 $46.16 - - $31.43
# Shares Purchased - 6,065,298 8,567,058 3,198,900 2,599 18,838 450 4,409 282 - - 2,232,229
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - 55.1% 49.4% 3.6% -15.1% 20.4% 22.0% -2.9% -4.7% - - 40.0%
S&P 500 Return to Date - 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% - - 101.6%
Excess Total Return - -117.9% -119.2% -126.1% -120.0% -72.7% -52.9% -34.6% -41.9% - - -61.6%
Quartile Rank
Percentile Rank - 49% 47% 39% 29% 47% 42% 43% 41% - - 67%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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