Resilient Performance | Synovus Financial Corp. demonstrates strong financial health amid challenging economic conditions, with core EPS of $1.16 in Q2 2024 surpassing expectations. |
Analyst Optimism | Explore bullish projections for Synovus, with EPS estimates ranging from $4.14 to $4.19 for FY1 and $4.43 to $4.72 for FY2. Price targets reach up to $49. |
Strategic Positioning | Delve into Synovus's strengthened balance sheet and improved credit quality, positioning the company for potential margin expansion and growth opportunities. |
Market Challenges | Learn how Synovus navigates the slow-growth banking environment, leveraging its diverse revenue streams and regional presence to maintain competitive edge. |
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company’s commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services. Its consumer banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; internet-based banking services; and bank credit and debit card services, including Visa and MasterCard services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, trust management, and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia.
Metrics to compare | SNV | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipSNVPeersSector | |
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P/E Ratio | 21.8x | 13.3x | 8.7x | |
PEG Ratio | −0.44 | −0.13 | 0.03 | |
Price/Book | 1.5x | 1.0x | 1.0x | |
Price / LTM Sales | 4.0x | 3.6x | 2.7x | |
Upside (Analyst Target) | 13.4% | 11.7% | 13.7% | |
Fair Value Upside | Unlock | 6.8% | 2.6% | Unlock |