Synovus Financial Corp. Company Research Report

Company Overview

Name and Mission

Name: Synovus Financial Corp.

Mission: Bringing your vision into focus. Synovus is committed to transforming aspirations into reality, guiding clients, team members, and communities to reach their full potential.

Foundation and Founders

Founded: Over 130 years ago.

Origin: Started as a textile mill in Georgia, USA, initially securing workers’ savings.

Key People

Chairman, CEO, and President: Kevin Blair

Headquarters

Location: Columbus, Georgia, USA

Number of Employees

No information is available

Financials

Assets: Approximately $60 billion as of the latest report.

Revenue: No information is available

Stock Information: Market cap of approximately $6,994.18 million, with a current stock price of $48.58.

Company Recognition

Synovus has been named a Great Place to Work® and has recently won 25 Greenwich Excellence and Best Brand Awards for its performance in serving small business and middle market clients.

What the Company is Known For

Synovus is known for being one of the southeast's most respected financial institutions, offering a wide range of products and services to commercial and consumer markets through its extensive branch network.

Products

Specialized Products and Services

Commercial and Consumer Banking: Offers a broad range of banking services, including private banking and mortgage services.

Treasury Management

Wealth Management

Premium Finance

Asset-Based Lending

Structured Lending

Capital Markets Services

International Banking

Key Features

Cash Management: Recognized for excellence in customer service and ease of making commercial payments.

Trust and Relationship: Emphasis on long-term relationships and trust, often recognized for industry understanding and client satisfaction.

Recent Developments

Award Recognition

Greenwich Excellence Awards: Synovus received 16 national awards for small business and middle market banking, showcasing its strength in cash management and relationship management.

Greenwich Best Brand Awards: Six national awards focusing on ease of doing business and emphasizing trust and lasting relationships.

Leadership Changes

Appointment of Rick Arbuckle as Senior Director, Middle Market for Wholesale Banking.

Industry Engagement

Participation in high-profile events like the BancAnalysts Association of Boston Conference, emphasizing the company's commitment to growth and industry leadership.

Revenue and Financial Performance

Synovus announced earnings for the third quarter of 2024, with a GAAP EPS of $1.18.

Strategic Movements

Continues expanding service capabilities and improving customer satisfaction across its 247 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee.

Conclusion

Synovus Financial Corp. stands out as a robust financial institution with a rich history and a significant presence in the southern United States financial market. With $60 billion in assets and a strategic emphasis on customer service excellence, it is well-positioned for continued success.