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Synovus Financial Corp (SNV.N)

SNV.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Synovus Financial Reports Q4 Adjusted Earnings Per Share Of $0.92
Tuesday, 15 Jan 2019 06:30am EST 

Jan 15 (Reuters) - Synovus Financial Corp ::SYNOVUS ANNOUNCES EARNINGS FOR THE FOURTH QUARTER 2018 AND A 20% INCREASE IN COMMON STOCK DIVIDEND.Q4 ADJUSTED EARNINGS PER SHARE $0.92.Q4 EARNINGS PER SHARE $0.87.Q4 REVENUE $365.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $370.4 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.93 -- REFINITIV IBES DATA.QTRLY NET INTEREST INCOME WAS $297.9 MILLION, UP $28.2 MILLION OR 10.5% FROM THE FOURTH QUARTER 2017.SAYS BOARD AUTHORIZED NEW SHARE REPURCHASE PROGRAM OF UP TO $400 MILLION OF COMPANY'S COMMON STOCK TO BE EXECUTED DURING 2019.SAYS COMPANY CURRENTLY EXPECTS TO REPURCHASE $300-$350 MILLION OF COMMON STOCK UNDER AUTHORIZATION IN 2019.SYNOVUS FINANCIAL - PLANS TO RETURN ABOUT $500 MILLION TO SHAREHOLDERS THIS YEAR THROUGH A 20% DIVIDEND INCREASE AND ADDITIONAL SHARE REPURCHASES.SAYS APPROVED 20% INCREASE IN COMPANY'S QUARTERLY COMMON STOCK DIVIDEND TO $0.30 PER SHARE FROM $0.25 PER SHARE.APPROVED A 20% INCREASE IN COMPANY'S QUARTERLY STOCK DIVIDEND FROM $0.25 TO $0.30 PER SHARE.  Full Article

Kevin Blair Names Chief Operating Officer Of Synovus
Wednesday, 12 Dec 2018 04:26pm EST 

Dec 12 (Reuters) - Synovus Financial Corp ::KEVIN BLAIR NAMED CHIEF OPERATING OFFICER OF SYNOVUS.SYNOVUS FINANCIAL - BLAIR PREVIOUSLY SERVED AS CO'S CFO & WILL REMAIN IN THIS POSITION ON INTERIM BASIS UNTIL SUCCESSOR IS NAMED.  Full Article

Synovus Financial - On Dec 3, approved share repurchase program to buy back up to $25 mln of its common stock - SEC filing
Monday, 3 Dec 2018 04:38pm EST 

Dec 3 (Reuters) - Synovus Financial Corp ::SYNOVUS FINANCIAL SAYS ON DEC 3, APPROVED SHARE REPURCHASE PROGRAM; MAY REPURCHASE UP TO $25 MILLION OF ITS COMMON STOCK - SEC FILING.  Full Article

Jefferson Financial To Acquire Three Synovus Branches In Mobile And Daphne, Alabama
Wednesday, 26 Sep 2018 04:15pm EDT 

Sept 26 (Reuters) - Synovus Financial Corp ::JEFFERSON FINANCIAL TO ACQUIRE THREE SYNOVUS BRANCHES IN MOBILE AND DAPHNE, ALABAMA.SYNOVUS FINANCIAL - AGREEMENT PROVIDES FOR TRANSFER BY SYNOVUS BANK TO JEFFERSON FINANCIAL FEDERAL CREDIT UNION OF $138 MILLION IN LOANS.  Full Article

FCB Says Termination Fee Of $93.5 Mln Payable To Other Party On Termination Of Deal
Wednesday, 25 Jul 2018 04:45pm EDT 

July 25 (Reuters) - FCB Financial Holdings Inc ::FCB FINANCIAL -TERMINATION FEE OF $93.5 MILLION PAYABLE BY FCB OR SYNOVUS TO THE OTHER PARTY, AS APPLICABLE, ON TERMINATION OF DEAL UNDER CERTAIN CONDITIONS.  Full Article

Synovus Financial Says Sees 2018 Net Interest Income Growth Between 11 Pct To 13 Pct
Tuesday, 24 Jul 2018 06:46am EDT 

July 24 (Reuters) - Synovus Financial Corp ::SYNOVUS FINANCIAL SAYS SEES 2018 NET INTEREST INCOME GROWTH BETWEEN 11 PERCENT TO 13 PERCENT - SEC FILING.  Full Article

Synovus To Acquire FCB Financial Holdings For $2.9 Bln
Tuesday, 24 Jul 2018 06:32am EDT 

July 24 (Reuters) - FCB Financial Holdings Inc ::SYNOVUS TO ACQUIRE FCB FINANCIAL HOLDINGS, INC. FOR $2.9 BILLION.FCB FINANCIAL HOLDINGS INC - FCB SHAREHOLDERS WILL RECEIVE A FIXED RATIO OF 1.055 SHARES OF SYNOVUS COMMON STOCK FOR EACH COMMON SHARE OF FCB IN AN ALL-STOCK TRANSACTION.FCB FINANCIAL HOLDINGS INC - TRANSACTION IS VALUED AT $58.15 PER FCB SHARE OR $2.9 BILLION IN AGGREGATE.FCB FINANCIAL HOLDINGS INC - FOLLOWING COMPLETION OF DEAL, FORMER FCB SHAREHOLDERS WILL OWN ABOUT 30% OF COMBINED CO.FCB FINANCIAL HOLDINGS INC - TRANSACTION IS EXPECTED TO BE TAX FREE TO FCB SHAREHOLDERS.FCB FINANCIAL HOLDINGS INC - MERGER AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOTH COMPANIES' BOARDS OF DIRECTORS.FCB FINANCIAL HOLDINGS INC - SYNOVUS EXPECTS APPROXIMATELY $40 MILLION IN PRETAX SYNERGIES TO BE FULLY REALIZED BY 2020 FROM DEAL.FCB FINANCIAL HOLDINGS - SYNOVUS EXPECTS ACQUISITION TO BE ABOUT 6.5% ACCRETIVE TO EARNINGS PER COMMON SHARE IN 2020.FCB FINANCIAL HOLDINGS INC - MERGER AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOTH COMPANIES' BOARDS OF DIRECTORS.  Full Article

Synovus Reports Q1 Earnings Per Share $0.84
Tuesday, 24 Apr 2018 06:30am EDT 

April 24 (Reuters) - Synovus Financial Corp ::SYNOVUS ANNOUNCES EARNINGS FOR THE FIRST QUARTER 2018.Q1 ADJUSTED EARNINGS PER SHARE $0.86.Q1 EARNINGS PER SHARE $0.84.Q1 REVENUE $341.3 MILLION VERSUS I/B/E/S VIEW $342.9 MILLION.Q1 EARNINGS PER SHARE VIEW $0.78 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME WAS $274.3 MILLION, UP 14.3% FROM Q1 2017.  Full Article

Synovus Financial Reports Q4 Adjusted EPS Of $0.72
Tuesday, 23 Jan 2018 06:30am EST 

Jan 23 (Reuters) - Synovus Financial Corp ::SYNOVUS ANNOUNCES EARNINGS FOR THE FOURTH QUARTER 2017 AND A 67% INCREASE IN QUARTERLY COMMON DIVIDEND.Q4 EARNINGS PER SHARE $0.23.Q4 REVENUE $339.1 MILLION VERSUS I/B/E/S VIEW $338.6 MILLION.Q4 EARNINGS PER SHARE VIEW $0.67 -- THOMSON REUTERS I/B/E/S.Q4 ADJUSTED EARNINGS PER SHARE $0.72.‍QTRLY NET INTEREST INCOME WAS $269.7 MILLION, UP $7.1 MILLION OR 2.7% FROM PREVIOUS QUARTER AND UP 15.5% FROM Q4 2016​.‍AUTHORIZED A NEW SHARE REPURCHASE PROGRAM OF UP TO $150 MILLION OF COMPANY'S COMMON STOCK TO BE EXECUTED DURING 2018​.‍BOARD OF DIRECTORS ALSO APPROVED A 67% INCREASE IN COMPANY'S QUARTERLY COMMON STOCK DIVIDEND FROM $0.15 TO $0.25 PER SHARE​.  Full Article

Synovus announces pricing of $300 million senior notes offering
Wednesday, 25 Oct 2017 04:05pm EDT 

Oct 25 (Reuters) - Synovus Financial Corp ::Synovus announces pricing of $300 million senior notes offering.Synovus Financial Corp - ‍notes will bear interest at a rate of 3.125% and will be issued at a price equal to 99.729% of their face value​.  Full Article

Synovus to buy Florida bank in $2.9 billion deal

Synovus Financial Corp said on Tuesday it would buy a Florida-based bank for $2.9 billion to boost its deposits and become one of the leading lenders in the U.S. Southeast region.