Synovus Financial (SNV) Revenue & Revenue Breakdown

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Synovus Financial Revenue Highlights

Latest Revenue (Y)

$2.03B

Latest Revenue (Q)

$934.49M

Main Segment (Y)

Wholesale Banking

Synovus Financial Revenue by Period

Synovus Financial Revenue by Year

Date	Revenue	Change
2023-12-31	$2.03B	-7.92%
2022-12-31	$2.21B	11.26%
2021-12-31	$1.98B	-1.80%
2020-12-31	$2.02B	3.65%
2019-12-31	$1.95B	36.60%
2018-12-31	$1.43B	4.20%
2017-12-31	$1.37B	17.32%
2016-12-31	$1.17B	6.66%
2015-12-31	$1.09B	2.13%
2014-12-31	$1.07B	0.86%
2013-12-31	$1.06B	-8.23%
2012-12-31	$1.16B	-8.47%
2011-12-31	$1.26B	-1.58%
2010-12-31	$1.28B	-9.52%
2009-12-31	$1.42B	-4.60%
2008-12-31	$1.49B	-3.24%
2007-12-31	$1.54B	-52.93%
2006-12-31	$3.27B	13.17%
2005-12-31	$2.89B	34.16%
2004-12-31	$2.15B	12.84%
2003-12-31	$1.91B	10.27%
2002-12-31	$1.73B	10.34%
2001-12-31	$1.57B	12.30%
2000-12-31	$1.40B	11.39%
1999-12-31	$1.25B	25.00%
1998-12-31	$1.00B	11.19%
1997-12-31	$901.60M	12.66%
1996-12-31	$800.30M	17.23%
1995-12-31	$682.70M	30.44%
1994-12-31	$523.40M	14.98%
1993-12-31	$455.20M	-

Synovus Financial generated $2.03B in revenue during NA 2023, up -7.92% compared to the previous quarter, and up 142.45% compared to the same period a year ago.

Synovus Financial Revenue by Quarter

Date	Revenue	Change
2024-09-30	$934.49M	38.97%
2024-06-30	$672.45M	-25.30%
2024-03-31	$900.18M	103.10%
2023-12-31	$443.21M	-7.23%
2023-09-30	$477.73M	-10.14%
2023-06-30	$531.63M	-8.61%
2023-03-31	$581.72M	-3.65%
2022-12-31	$603.78M	3.70%
2022-09-30	$582.22M	11.40%
2022-06-30	$522.65M	5.04%
2022-03-31	$497.58M	-2.32%
2021-12-31	$509.38M	1.90%
2021-09-30	$499.87M	2.23%
2021-06-30	$488.95M	0.85%
2021-03-31	$484.81M	-3.17%
2020-12-31	$500.69M	1.89%
2020-09-30	$491.40M	-10.66%
2020-06-30	$550.05M	15.29%
2020-03-31	$477.12M	-3.83%
2019-12-31	$496.11M	1.59%
2019-09-30	$488.36M	0.26%
2019-06-30	$487.07M	2.21%
2019-03-31	$476.55M	30.23%
2018-12-31	$365.92M	0.73%
2018-09-30	$363.29M	2.15%
2018-06-30	$355.64M	4.19%
2018-03-31	$341.33M	0.67%
2017-12-31	$339.06M	-14.81%
2017-09-30	$398.01M	24.46%
2017-06-30	$319.80M	2.58%
2017-03-31	$311.77M	2.95%
2016-12-31	$302.82M	3.07%
2016-09-30	$293.80M	1.67%
2016-06-30	$288.98M	2.85%
2016-03-31	$280.98M	0.92%
2015-12-31	$278.42M	1.43%
2015-09-30	$274.49M	0.87%
2015-06-30	$272.12M	1.26%
2015-03-31	$268.74M	-1.26%
2014-12-31	$272.18M	1.39%
2014-09-30	$268.44M	0.12%
2014-06-30	$268.12M	2.24%
2014-03-31	$262.25M	-0.62%
2013-12-31	$263.87M	-1.22%
2013-09-30	$267.14M	0.24%
2013-06-30	$266.49M	0.82%
2013-03-31	$264.33M	-6.60%
2012-12-31	$283.02M	-1.22%
2012-09-30	$286.52M	1.40%
2012-06-30	$282.55M	-7.36%
2012-03-31	$305.00M	1.40%
2011-12-31	$300.80M	-17.08%
2011-09-30	$362.77M	21.28%
2011-06-30	$299.11M	-0.78%
2011-03-31	$301.47M	-5.90%
2010-12-31	$320.36M	-1.03%
2010-09-30	$323.70M	0.29%
2010-06-30	$322.75M	1.60%
2010-03-31	$317.67M	-16.18%
2009-12-31	$378.98M	7.58%
2009-09-30	$352.28M	-1.14%
2009-06-30	$356.36M	7.34%
2009-03-31	$331.99M	3.23%
2008-12-31	$321.59M	-12.31%
2008-09-30	$366.75M	-3.77%
2008-06-30	$381.12M	-8.96%
2008-03-31	$418.62M	-143.49%
2007-12-31	$-962.53M	-

Synovus Financial generated $934.49M in revenue during Q3 2024, up 38.97% compared to the previous quarter, and up 175.78% compared to the same period a year ago.

Synovus Financial Revenue Breakdown

Synovus Financial Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Wholesale Banking	$698.83M	$616.59M	$502.46M	$490.39M	$475.59M
Community Banking	$354.03M	$332.34M	$645.91M	$691.62M	$659.55M
Financial Management Services	$101.48M	$81.08M	$105.92M	$69.50M	$114.48M
Consumer Banking	$488.54M	$362.57M	-	-	-

Synovus Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Wholesale Banking (42.54%), Consumer Banking (29.74%), Community Banking (21.55%), and Financial Management Services (6.18%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Jun 19
Consumer Banking	$106.08M	$103.85M	$104.22M	$230.82M	$129.99M	$127.73M	$110.64M	$98.69M	$78.29M	$74.48M	-	-	-	-	-	-	-	-	-	-
Wholesale Banking	$165.94M	$162.94M	$160.26M	$342.73M	$174.94M	$181.15M	$168.91M	$157.75M	$151.25M	$139.23M	$133.04M	$126.92M	$121.84M	$120.67M	$125.89M	$125.05M	$127.74M	$114.22M	$120.70M	-
Financial Management Services	$35.32M	$32.74M	$30.14M	$52.16M	$23.61M	$25.71M	$22.23M	$21.07M	$19.27M	$19.47M	$23.21M	$26.30M	$24.51M	$31.90M	$31.33M	$-6.13M	$23.52M	$20.77M	$27.32M	-
Community Banking	$80.41M	$78.46M	$74.89M	$161.48M	$88.99M	$103.56M	$85.22M	$88.17M	$80.28M	$80.48M	$156.80M	$159.95M	$165.97M	$167.94M	$183.76M	$181.84M	$170.64M	$155.39M	$157.27M	-
Deposit Account	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$21.99M
Mortgage Banking	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$7.91M
Investment Advisory, Management and Administrative Service	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$10.05M
Fiduciary and Trust	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$14.48M
Credit and Debit Card	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$11.16M

Synovus Financial's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Wholesale Banking (42.79%), Consumer Banking (27.36%), Community Banking (20.74%), and Financial Management Services (9.11%).

Synovus Financial Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FITB	Fifth Third Bancorp	$12.64B	$3.38B
MTB	M&T Bank	$10.22B	$3.39B
HBAN	Huntington Bancshares	$8.92B	$3.05B
PNFP	Pinnacle Financial Partners	$2.61B	$694.87M
BOKF	BOK Financial	$2.34B	$864.71M
SNV	Synovus Financial	$2.03B	$934.49M
SSB	SouthState	$1.70B	$544.18M
ABCB	Ameris Bancorp	$1.52B	$360.20M
FHN	First Horizon	$1.39B	$1.28B
HWC	Hancock Whitney	$1.39B	$367.66M
UCBI	United Community Banks	$1.31B	$383.52M
TRMK	Trustmark	$892.30M	$254.90M
RNST	Renasant	$797.32M	$238.81M
CBU	Community Bank System	$756.03M	$240.00M
FBMS	First Bancshares	$387.64M	$93.56M
HONE	HarborOne Bancorp	$277.04M	$77.21M
SMBK	SmartFinancial	$152.41M	$63.96M
SFST	Southern First Bancshares	$86.25M	$54.35M
CFG	Citizens Financial Group	$24.12M	$3.06B

SNV Revenue FAQ

What is Synovus Financial’s yearly revenue?

Synovus Financial's yearly revenue for 2023 was $2.03B, representing a decrease of -7.92% compared to 2022. The company's yearly revenue for 2022 was $2.21B, representing an increase of 11.26% compared to 2021. SNV's yearly revenue for 2021 was $1.98B, representing a decrease of -1.80% compared to 2020.

What is Synovus Financial’s quarterly revenue?

Synovus Financial's quarterly revenue for Q3 2024 was $934.49M, a 38.97% increase from the previous quarter (Q2 2024), and a 95.61% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $672.45M, a -25.30% decrease from the previous quarter (Q1 2024), and a 26.49% increase year-over-year (Q2 2023). SNV's quarterly revenue for Q1 2024 was $900.18M, a 103.10% increase from the previous quarter (Q4 2023), and a 54.74% increase year-over-year (Q1 2023).

What is Synovus Financial’s revenue growth rate?

Synovus Financial's revenue growth rate for the last 3 years (2021-2023) was 2.45%, and for the last 5 years (2019-2023) was 4.29%.

What are Synovus Financial’s revenue streams?

Synovus Financial's revenue streams in c 23 are Wholesale Banking, Community Banking, Financial Management Services, and Consumer Banking. Wholesale Banking generated $698.83M in revenue, accounting 42.54% of the company's total revenue, up 13.34% year-over-year. Community Banking generated $354.03M in revenue, accounting 21.55% of the company's total revenue, up 6.53% year-over-year. Financial Management Services generated $101.48M in revenue, accounting 6.18% of the company's total revenue, up 25.17% year-over-year. Consumer Banking generated $488.54M in revenue, accounting 29.74% of the company's total revenue, up 34.74% year-over-year.

What is Synovus Financial’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Synovus Financial was Wholesale Banking. This segment made a revenue of $698.83M, representing 42.54% of the company's total revenue.