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SNV - Synovus Financial Corp.8:00:02 PM 4/19/2024
Price
$34.91
+ 1.01 (2.98%)
The Synovus Financial Corporation, formerly the Columbus Bank and Trust Company, is a financial services company with approximately $45 billion in assets based in Columbus, Georgia. Synovus provides commercial and retail banking, investment, and mortgage services through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. The bank opened in 1888 following an incident at a textile mill in which a worker's dress became entangled in machinery, spilling the money she had sewn into her hem onto the floor. After she explained to a factory executive that she had felt this was the safest place to keep her savings, he offered instead to secure her money in the mill safe and pay her interest on her balance. This service was soon offered to all company employees.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue135.8MM-31%
Operating Income90.4MM-27%
Operating Expenses352.9MM-0%
Net Income70.3MM-28%
Compensation176.7MM-2%
Professional Service11.1MM+10%
Amortization5.1MM+70%
Interest Expense351.1MM+2%
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