Synovus Financial Corp. Stock News

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank promotes Chad Parramore to executive director and head of product commercialization for the bank's treasury and payment solutions team.

Synovus Financial Fixed-Rate Reset Non-Cumulative Preferred E offers an 8.507% coupon after resetting, with the next call date and dividend reset in July 2029. Comparative analysis shows it will likely yield higher than the D series and other regional banks' preferreds after the Fed cuts interest rates. Risk factors include non-cumulative dividends and a lower S&P rating than some of its peers.

COLUMBUS, Ga.--(BUSINESS WIRE)--The board of directors of Synovus Financial Corp. has declared quarterly dividends.

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus to participate at Barclays Global Financial Services Conference.

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus has awarded 111 college students its Jack Parker Scholarship, totaling $104,000 for 2024.

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank has named Darron Burnette as president of Synovus Mortgage, effective July 15.

Synovus Financial is facing challenges in a high interest rate environment, but its Series E preferred shares offer better opportunity than Series D. Synovus' second quarter earnings showed improvement in net interest income and margins, attributed to a unique securities re-positioning strategy. Risks to Synovus Financial include concentration of commercial real estate loans and potential impac...

Synovus Financial Corp. (NYSE:SNV ) Q2 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of Investor Relations Kevin Blair - Chairman, President and CEO Jamie Gregory - CFO Robert Derrick - Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Steven Alexopoulos - JPMorgan Jared Shaw - Barclays Capital Manan Gosalia...