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SYNOVUS FINANCIAL CORP

synovus.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 4, 2025. Its latest SEC filing is a 15-15D from Jan 12, 2026.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Provides commercial and consumer banking, loans, deposit accounts and investment services to businesses, individuals and governmental clients.

How Did They Make Money?

FY2024 revenue

Who Were Their Customers?

Wholesale banking serves larger corporate and governmental clients, while community and consumer banking serve smaller businesses and individuals through branches, digital and telephone channels.

Did Revenues Turn Into Profits?

Yes. It kept 15 cents of every revenue dollar as net income in FY2024 and turned 24 cents into free cash flow.

Net income, FY2024
15% of revenue
▼ −11% vs FY2023 ($543.7M, 61%)
Free cash flow, FY2024
24% of revenue
▼ −39% vs FY2023 ($1.3B, 141%)

How Were They Changing?

Since the FY2024 annual report
Latest quarter: Q3 FY2025, the three months to Sep 30, 2025
Revenue
▼ −2%
vs $810.5M in Q3 FY2024
Net income
▲ +9%
vs $181.6M in Q3 FY2024
  • Jan 2, 2026 Synovus and Pinnacle completed their merger The combined parent is Pinnacle Financial Partners, and Synovus shares were delisted from the NYSE.

Grew. Revenue grew 3.8x in 4 years, from $839.7M in FY2020 to $3.2B in FY2024, about 40% a year.

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