Synovus Financial Corp. (SNV)

Over the past six months, Synovus Financial Corp. stock price has decreased by 19.89%. Key events include Q2 and Q3 2025 earnings reports exceeding revenue expectations, the announcement of a merger with Pinnacle Financial Partners, analyst ratings and price target adjustments, shareholder approval for the merger, and federal bank regulatory approval for the merger, which is anticipated to be completed on January 1, 2026.

Core deposit production is typically strongest in the fourth quarter. Loan demand was expected to be fairly tepid in 2025. Synovus aims for end-of-period loan growth and core deposit growth of 3% to 6% for 2025, indicating a general expectation of consistent demand throughout the year, though subject to economic conditions.

Synovus Financial Corp., founded in 1888 and headquartered in Columbus, Georgia, is a financial services company with approximately $60 billion in assets. It operates as a bank holding company for Synovus Bank, offering a range of financial products and services through its Retail Banking, Commercial Banking, Wealth Management, and Mortgage Banking segments. Its major products and services include checking and savings accounts, consumer and business loans, investment advisory services, and mortgage options, along with specialized services like private banking and international banking.

Synovus Bank is chartered in Georgia and primarily operates across the Southeastern United States, including Alabama, Florida, Georgia, South Carolina, and Tennessee. It has a network of approximately 246-250 branches and 335-357 ATMs.

Synovus has a long history rooted in community banking, founded in 1888, and has been recognized on Forbes lists. The announced merger with Pinnacle Financial Partners is a significant event impacting its reputation and future. Synovus also made a donation of $50,000 to Feeding America to combat food insecurity.

Synovus Financial is primarily owned by institutional shareholders (81.12%), followed by Synovus Financial insiders (12.86%), and retail investors (6.01%). Major institutional owners include BlackRock, Inc. and Vanguard Group Inc. The largest individual shareholder is James H. Blanchard. Insider buying has been observed in the past three months.