Synovus Financial Corp.

Ticker(s):

SNV, SNV-PD, and SNV-PE

Country:

Sector & Industry:

,
Business Overview

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services in the United States. It operates in four segments: Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services. The company provides commercial banking services, including commercial, financial, real estate lending, treasury management, asset management, capital markets services, and institutional trust services; consumer banking services, such as accepting customary types of demand and savings deposit 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. It also engages in portfolio management for fixed-income securities investment banking; the execution of securities transactions as a broker/dealer; and the provision of individual investment advice on equity and other securities, and financial planning services. The company was founded in 1888 and is headquartered in Columbus, Georgia.

Contact & Other Information

Number of Employees:

4,775

Website:

www.synovus.com

1111 Bay Avenue
Suite 500
Columbus

,

GA

,

31901
United States
706 641 6500
02/21/2025 | 10-K | 0000018349-25-000049 |

Synovus Financial Corp.’s 10-K filing for 2024 reveals a decrease in net income due to strategic repositioning of investment securities. Loan growth was modest, deposit levels were stable, and credit quality remains strong, with a cautious outlook due to the economic environment.