Synovus (SNV) to Sell RWA & Reposition Securities Portfolio [Yahoo! Finance]
Synovus Financial Corp. (SNV)
Last synovus financial corp. earnings: 4/24 06:30 am
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Source: Yahoo! Finance
The analysis included segments like securitization finance, multifamily mortgage, government lending and residential mortgage. This will result in a marginal increase in its common equity tier 1 (CET1) ratio of 40-50 basis points, offering it higher flexibility for incremental capital deployment. The bank will also reposition a portion of its $11-billion securities portfolio in May. It anticipates selling available-for-sale securities with a book value of $1.6 billion. This will result in a pretax loss of $275 million. Sale proceeds will be redeployed in other high-quality liquid assets. This will improve net interest income and the net interest margin (NIM) profile in the upcoming period, with an estimated earn-back period of about five years. The company expects NIM to be relatively stable in second-quarter 2024 and move higher in the second half of 2024, aided by fixed-rate asset repricing and the benefit of hedge maturities. The company estimated NIM to be 3.15-3.20% (excludi
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News
- Tom Bell Joins TSG's Board of Advisors [Yahoo! Finance]Yahoo! Finance
- Synovus Financial Corp. (NYSE: SNV) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $38.00 price target on the stock.MarketBeat
- Synovus Financial Corp. (NYSE: SNV) had its price target raised by analysts at DA Davidson from $43.00 to $47.00. They now have a "buy" rating on the stock.MarketBeat
- AI won't have 'huge' effect on Big Tech earnings: Strategist [Yahoo! Finance]Yahoo! Finance
- Synovus Financial Corp. (NYSE: SNV) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $37.00 price target on the stock.MarketBeat
SNV
Earnings
- 4/17/24 - Miss
SNV
Sec Filings
- 5/14/24 - Form 13F-HR
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- SNV's page on the SEC website