Synovus (SNV) AI Stock Analysis

• Market Cap: $7.16B
• Dividend Yield: 2.99%
• Average Volume (3M): 2.79M
• Price to Earnings (P/E): 9.9
• Beta (1Y): 1.64
• Revenue Growth: 11.52%
• EPS Growth: 220.78%
• Country: US
• Employees: 4,720
• Sector: Financial
• Sector Strength: 78
• Industry: Banks - Regional
• EPS (TTM): 1.48
• Shares Outstanding: 138,804,260
• 10 Day Avg. Volume: 1,777,116
• 30 Day Avg. Volume: 2,794,653
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.25
• Enterprise Value/Revenue: 2.62
• Enterprise Value/Gross Profit: 4.65
• Enterprise Value/Ebitda: 11.89
• 1Y Price Target: $60.00
• Price Target Upside: 16.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 15

• Rating: 77 Outperform
• Price Target: $57.00 ▲(10.44% Upside)

Synovus's overall stock score is driven by strong financial performance and a positive earnings call, highlighting earnings growth and strategic initiatives. The attractive valuation and positive corporate events further support the score, despite neutral technical indicators.

Positive Factors

Financial Performance

Synovus-SNV’s positive earnings update featured both a big EPS beat and positive revenue revisions, pushing the stock to outperform.

Growth Strategy

Synovus is well-positioned to generate organic growth with its presence in some of the fastest-growing regions of the US.

Mergers and Acquisitions

Increased M&A activity is generally viewed positively for regional bank valuations, which could benefit Synovus Financial Corp.

Negative Factors

Complexity in Mergers

A potential merger with PNFP is complex due to the change-of-control issues and would not monetize PNFP's 49% stake in BHG.

Deposit Trends

Deposits declined 7% this quarter, and were flat outside of intentional run-off from higher-cost non-core funding and public funds.

Potential Merger Implications

The potential merger with PNFP could lead to significant TBV dilution of 16%.

Synovus Business Overview & Revenue Model

Company Description

Synovus Financial Corp. (SNV) is a financial services company headquartered in Columbus, Georgia, primarily operating in the southeastern United States. The company offers a wide range of banking and financial solutions, including commercial and retail banking, investment services, mortgage banking, and wealth management. Synovus is committed to providing personalized financial services to both individuals and businesses, leveraging its extensive branch network and digital banking capabilities to meet the diverse needs of its customers.

How the Company Makes Money

Synovus generates revenue through a variety of channels, primarily focused on traditional banking operations. Its key revenue streams include net interest income, which is earned from the interest on loans and other financial products minus interest paid on deposits. Additionally, the company earns non-interest income from service fees, investment management fees, and mortgage origination fees. Strategic partnerships with local businesses and organizations enhance its ability to attract deposits and expand its customer base. Moreover, Synovus benefits from its wealth management services, which cater to high-net-worth individuals and families, providing investment advisory and trust services that contribute to its earnings.

Synovus Financial Statement Overview

Summary

Synovus exhibits strong profitability with efficient cost management and a stable financial position, backed by a solid cash flow. While revenue growth is a challenge, the company maintains a low debt profile and operational efficiency is a key strength.

Income Statement

Synovus demonstrates strong profitability with a consistent gross profit margin and a healthy net profit margin, though there is a notable decline in revenue from the previous year. The EBIT margin is solid, indicating efficient cost management despite revenue fluctuations.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio, indicating low leverage. The equity ratio is decent, and return on equity shows moderate profitability. Stability is evident, though growth in equity is moderate.

Cash Flow

Cash flow is strong with a positive free cash flow position and robust operating cash flow relative to net income, demonstrating effective cash management. Free cash flow growth is positive, indicating improved cash-generating efficiency.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.42B	3.39B	2.48B	2.10B	2.31B
Gross Profit	1.84B	1.98B	2.12B	2.09B	1.66B
EBITDA	665.36M	789.62M	1.03B	1.10B	554.29M
Net Income	482.46M	543.71M	757.90M	760.47M	373.69M
Balance Sheet
Total Assets	60.23B	59.81B	59.73B	57.32B	54.39B
Cash, Cash Equivalents and Short-Term Investments	10.53B	12.20B	11.62B	13.86B	12.10B
Total Debt	1.86B	1.42B	1.58B	1.47B	1.43B
Total Liabilities	54.97B	54.67B	55.26B	52.02B	49.23B
Stockholders Equity	5.24B	5.12B	4.48B	5.30B	5.16B
Cash Flow
Free Cash Flow	764.88M	1.25B	1.16B	768.06M	-13.07M
Operating Cash Flow	821.03M	1.28B	1.19B	794.02M	17.03M
Investing Cash Flow	177.57M	323.97M	-4.86B	-4.38B	-2.35B
Financing Cash Flow	-456.04M	-1.13B	2.63B	2.35B	5.40B

Synovus Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 51.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNV, the sentiment is Positive. The current price of 51.61 is above the 20-day moving average (MA) of 49.68, above the 50-day MA of 51.41, and above the 200-day MA of 49.77, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 55.57 is Neutral, neither overbought nor oversold. The STOCH value of 83.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SNV.

Synovus Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOKF	79 Outperform	$7.09B	13.32	9.54%	2.05%	-0.54%	16.85%
ONB	78 Outperform	$8.97B	13.45	8.00%	2.47%	15.94%	-0.47%
BPOP	78 Outperform	$8.49B	12.16	12.73%	2.17%	6.27%	45.08%
CADE	77 Outperform	$6.88B	13.30	9.59%	2.81%	17.47%	―
HOMB	77 Outperform	$5.87B	13.62	10.94%	2.68%	4.40%	14.01%
SNV	77 Outperform	$7.16B	9.86	14.71%	2.99%	11.52%	220.78%
Sector *	68 Neutral	$17.95B	11.54	10.27%	3.74%	9.64%	1.17%

Synovus Corporate Events

Synovus and Pinnacle Announce Business Combination Plan

On August 27, 2025, Synovus Financial Corp. and Pinnacle Financial Partners, Inc. announced a joint investor presentation regarding their planned business combination. The transaction aims to create a leading financial entity in the Southeast, but it faces potential risks including integration challenges, regulatory approvals, and market reactions, which could impact the expected benefits and performance of the combined company.

Synovus Announces Merger Agreement with Pinnacle Financial

On July 24, 2025, Synovus Financial Corp. announced a merger agreement with Pinnacle Financial Partners, Inc., and Steel Newco Inc., a newly formed corporation jointly owned by Synovus and Pinnacle. The merger will result in Synovus and Pinnacle merging into Newco, which will be named Pinnacle Financial Partners, Inc., with Pinnacle Bank becoming a member of the Federal Reserve System and subsequently merging with Synovus Bank. The merger agreement, approved by the boards of directors of all parties, includes a stock exchange and the creation of a new board structure. Key executive roles have been outlined, with Kevin S. Blair and A. Jamie Gregory, Jr. entering into executive employment agreements contingent upon the merger’s completion. The merger is subject to customary conditions, including shareholder and regulatory approvals.

Synovus and Pinnacle Announce $8.6B Merger Agreement

On July 24, 2025, Synovus Financial Corp. and Pinnacle Financial Partners announced a merger agreement to create a new entity, Steel Newco Inc., valued at $8.6 billion. The merger aims to form the largest regional bank in the Southeast, leveraging both companies’ strengths to enhance market share and shareholder value. The combined company will operate under the Pinnacle brand, with a leadership team comprising executives from both firms. The transaction is expected to be accretive to Pinnacle’s earnings and is structured to maintain a strong commitment to local communities and associates.

Synovus Reports Strong Q2 2025 Financial Results

Synovus Financial Corp., a financial services company, reported its financial results for the second quarter of 2025, showcasing significant growth and operational improvements. The company achieved a 28% year-over-year increase in adjusted earnings per share, driven by strategic execution and financial discipline. Key highlights include a 60% surge in funded loan production, improved credit quality, and a record-high Common Equity Tier 1 capital ratio. Despite economic uncertainties, Synovus raised its full-year earnings guidance, reflecting confidence in its strategy and operations.