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Synovus Financial Corp (SNV.N)

SNV.N on New York Stock Exchange

50.42USD
16 Aug 2018
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Latest Key Developments (Source: Significant Developments)

FCB Says Termination Fee Of $93.5 Mln Payable To Other Party On Termination Of Deal
Thursday, 26 Jul 2018 

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 

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 

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 

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 

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
Thursday, 26 Oct 2017 

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 announces senior notes offering
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Synovus Financial Corp :Synovus announces senior notes offering.‍Announced an underwritten public offering of senior notes due 2022​.To use proceeds from offering, with cash on hand, to redeem $300 million of 7.875 pct senior notes due 2019 on Nov. 9.  Full Article

Synovus Financial says expected to include loss in Q4 results
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Synovus Financial Corp :Synovus Financial says Q4 results expected to include a loss on early extinguishment of debt totaling about $25.0 million, pre-tax‍​ - presentation slides.Synovus Financial sees net interest income growth between 12 percent to 14 percent for 2017.Synovus Financial sees adjusted net interest income growth between 2 percent to 4 percent for 2017.Synovus Financial sees net charge-off ratio between 15 bps to 20 bps for 2017.Synovus Financial sees share repurchases up to $200 million for 2017.  Full Article

Synovus Financial Q3 earnings per share $0.78
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Synovus Financial Corp :Synovus announces earnings for the third quarter 2017.Q3 adjusted earnings per share $0.65.Q3 earnings per share $0.78.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Qtrly ‍net interest income was $262.6 million, up $11.5 million or 4.6% from previous quarter​.  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.