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Stock impact report

Synovus Announces Increase of Share Repurchase Authorization

Synovus Financial Corp. (SNV) 
Last synovus financial corp. earnings: 4/24 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.synovus.com
Company Research Source: Business Wire
COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (the “Company”) (NYSE: SNV) announced today that the Company’s Board of Directors has increased its prior $400 million share repurchase authorization to $725 million for the year 2019. The Company has previously repurchased approximately $325 million of its common stock under the share repurchase program, leaving approximately $400 million of additional availability during 2019. The Company expects to fund the share repurchase through a combination of cash on hand, future cash flow from operations, borrowings and financings. Under the share repurchase program, the Company may, from time to time and on or before the program’s expiration date, repurchase shares of its outstanding common stock in the open market, in privately-negotiated transactions, or otherwise, subject to applicable laws and regulations. The extent to which the Company repurchases its s Show less Read more
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