Synovus Financial (SNV) Revenue & Revenue Breakdown
Synovus Financial Revenue Highlights
Latest Revenue (Y)
$2.03B
Latest Revenue (Q)
$672.39M
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 |
|---|---|---|
| 2024-06-30 | $672.39M | -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 $672.39M in revenue during Q2 2024, up -25.30% compared to the previous quarter, and up 115.59% 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 |
| Consumer Banking | $488.54M | $362.57M | - | - | - |
| Financial Management Services | $101.48M | $81.08M | $105.92M | $69.50M | $114.48M |
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 | 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 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumer Banking | $103.85M | $104.22M | $230.82M | $129.99M | $127.73M | $110.64M | $98.69M | $78.29M | $74.48M | - | - | - | - | - | - | - | - | - | - | - |
| Wholesale Banking | $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 | $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 | $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 | $20.86M |
| Mortgage Banking | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.91M | $5.05M |
| Investment Advisory, Management and Administrative Service | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $10.05M | $9.41M |
| Fiduciary and Trust | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $14.48M | $13.58M |
| Credit and Debit Card | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $11.16M | $10.88M |
Synovus Financial's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Wholesale Banking (43.11%), Consumer Banking (27.47%), Community Banking (20.76%), and Financial Management Services (8.66%).
Synovus Financial Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FITB | Fifth Third Bancorp | $12.64B | $3.31B |
| MTB | M&T Bank | $10.22B | $3.37B |
| HBAN | Huntington Bancshares | $8.92B | $2.98B |
| PNFP | Pinnacle Financial Partners | $2.61B | $683.64M |
| BOKF | BOK Financial | $2.34B | $914.20M |
| SNV | Synovus Financial | $2.03B | $672.39M |
| SSB | SouthState | $1.70B | $531.12M |
| ABCB | Ameris Bancorp | $1.52B | $360.20M |
| FHN | First Horizon | $1.39B | $1.28B |
| HWC | Hancock Whitney | $1.39B | $359.60M |
| UCBI | United Community Banks | $1.31B | $383.52M |
| TRMK | Trustmark | $892.30M | $103.71M |
| RNST | Renasant | $797.32M | $213.18M |
| CBU | Community Bank System | $756.03M | $230.56M |
| FBMS | First Bancshares | $387.64M | $91.03M |
| HONE | HarborOne Bancorp | $277.04M | $78.56M |
| SMBK | SmartFinancial | $152.41M | $61.28M |
| SFST | Southern First Bancshares | $86.25M | $54.07M |
| CFG | Citizens Financial Group | $24.12M | $3.11B |
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 Q2 2024 was $672.39M, a -25.30% decrease from the previous quarter (Q1 2024), and a 26.48% increase year-over-year (Q2 2023). The company'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). SNV's quarterly revenue for Q4 2023 was $443.21M, a -7.23% decrease from the previous quarter (Q3 2023), and a -26.59% decrease year-over-year (Q4 2022).
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, Consumer Banking, and Financial Management Services. 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. Consumer Banking generated $488.54M in revenue, accounting 29.74% of the company's total revenue, up 34.74% 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.
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.