Synovus Announces Paycheck Protection Program Lending Results
Synovus Financial Corp. (SNV)
Last synovus financial corp. earnings: 4/24 06:30 am
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Source: Business Wire
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank today announced it has processed and approved approximately 18,000 Paycheck Protection Program (PPP) loans totaling $2.9 billion as of May 5. The bank processed approximately 8,300 loans totaling $2 billion from April 3 to April 16, when the first round of funding was exhausted, and processed approximately 9,800 loans totaling $900 million beginning April 27, following the restoration of PPP funding. The funding provided by Synovus through PPP will support businesses that employ more than 335,000 individuals across the bank’s five-state footprint.“Small businesses are the foundation of the U.S. economy and Synovus is proud to have served so many customers and communities through our participation in the Paycheck Protection Program,” said Kessel D. Stelling, Synovus chairman and CEO. “Even before the official launch of PPP on April 3, hundreds of Synovus team members began working diligently, proactively communicating with customers earl
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News
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at Royal Bank of Canada from $44.00 to $41.00. They now have an "outperform" rating on the stock.MarketBeat
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at Piper Sandler from $46.00 to $42.00. They now have an "overweight" rating on the stock.MarketBeat
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at DA Davidson from $45.00 to $43.00. They now have a "buy" rating on the stock.MarketBeat
- Synovus Financial Corp. (NYSE:SNV) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at Barclays PLC from $42.00 to $39.00. They now have an "equal weight" rating on the stock.MarketBeat
SNV
Earnings
- 4/17/24 - Miss
SNV
Sec Filings
- 4/18/24 - Form 8-K
- 4/17/24 - Form 8-K
- 3/12/24 - Form ARS
- SNV's page on the SEC website