Synovus Financial Corp. (SNV)
Synovus Financial Corp. (SNV) is a southeastern U.S.-based financial services company that provides banking, investment, and mortgage services. Founded in 1888 and headquartered in Columbus, Georgia, Synovus serves commercial and retail clients through a network of branch offices, offering solutions such as personal banking, business banking, and wealth management. The company aims to deliver personalized financial services to communities across its operating regions.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| October 1, 2025 | $0.39 | 2025-09-18 | 2025-09-18 |
| July 1, 2025 | $0.39 | 2025-06-18 | 2025-06-19 |
| April 1, 2025 | $0.39 | 2025-03-20 | 2025-03-20 |
| January 2, 2025 | $0.38 | 2024-12-19 | 2024-12-19 |
| October 1, 2024 | $0.38 | 2024-09-19 | 2024-09-19 |
Dividends Summary
- Synovus Financial Corp. has issued 88 dividend payments over the past 21 years
- The most recent dividend was paid 21 days ago, on October 1, 2025
- The highest dividend payed out to investors during this period was $0.39 per share
- The average dividend paid during this period was $0.18 per share.
Company News
TruWealth Advisors sold its entire 450,162 share position in Synovus Financial, valued at $23.3 million, following the bank's planned merger with Pinnacle Financial Partners in early 2026.
Law firm Halper Sadeh LLC is investigating potential securities law violations and fiduciary duty breaches for several companies, including iTeos Therapeutics, City Office REIT, and Synovus Financial Corp, focusing on recent merger and acquisition transactions.
Major corporate developments include potential railroad merger discussions, Sony exploring chipset unit sale, Chevron completing Hess merger, and Pinnacle Financial Partners merging with Synovus Financial.
Synovus Financial reported strong revenue performance, leading Stephens to raise its price target for the company's stock. The bank demonstrated positive asset quality trends and increased capital return, though it also faced some near-term revenue pressures.
Synovus (SNV) benefits from the strategic expansion efforts of its banking verticals. However, a rise in expenses is likely to impede bottom-line growth in the near term.
