Synovus - M&A Summary and Business Overview

Financial ServicesCompany

Synovus M&A Summary

Synovus has acquired 9 companies, including 1 in the last 5 years. It has also divested 3 assets.

Synovus’ largest acquisition to date was in 2018, when it acquired FCB Financial Holdings for $2.9B. Synovus has acquired in 5 different US states. The Company’s most targeted sectors include financial services (78%) and software (12%).

Synovus Business Overview

Where is Synovus headquartered?

Synovus is headquartered in Columbus, Georgia.

What is Synovus’ revenue?

Synovus disclosed revenue of 2,206M USD for 2022 and 1,983M USD for 2021.

How many employees does Synovus have?

Synovus has 5,134 employees.

What sector is Synovus in?

Synovus is a financial services company.

When was Synovus founded?

Synovus was founded in 1888.

M&A Summary

M&A Total Activity12
- M&A Buy Activity9
- M&A Sell Activity3
Total Sectors Invested 3
Total Countries Invested 1
M&A Buy/Sell Connections 2
M&A Advisors 6

Synovus

Synovus Financial Corp.

1111 Bay Avenue, Suite 500,
Columbus, Georgia 31901
United States,
(706) 644-2738
www.synovus.com

Synovus is a financial services company with approximately $27 billion in assets based in Columbus, Georgia. Synovus’ divisions provide commercial and retail banking, investment, and mortgage services to customers through 29 locally branded divisions, 280 offices, and more than 400 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus was founded in 1888 and is based in Columbus, Georgia.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.2/yr)	#	8	-	-	1	-	-	9
Buy (0.2/yr)	vol	$3.1B						$3.1B
Sell (0.0/yr)	#	3	-	-	-	-	-	3
								12

Most Recent M&A

Company	Date	Value	Type
Qualpay, Inc.	2022-04-21	-	Stake Purchase
San Mateo, California · www.qualpay.com
FCB Financial Holdings, Inc.	2018-07-24	2.9B USD	Add-on Acquisition
Bonita Springs, Florida · www.floridacommunitybank.com
Entaire Global Companies, Inc.	2016-08-18	-	Add-on Acquisition
Atlanta, Georgia · www.entaire.com
Synovus Financial Corp - Tennessee Branches	2014-01-21	-	Divestiture
Memphis, Tennessee
ProCard, Inc.	2008-01-03	-	Divestiture
Lakewood, Colorado · www.procard.com
Total System Services, Inc.	2008-01-03	-	Spin Off
Columbus, Georgia · www.tsys.com
Banking Corporation of Florida	2006-03-31	-	Add-on Acquisition
Naples, Florida
Riverside Bancshares, Inc.	2006-03-24	174M USD	Add-on Acquisition
Marietta, Georgia
Trust One Bank	2004-05-05	-	Add-on Acquisition
Memphis, Tennessee
Peoples Florida Banking Corp.	2004-01-30	-	Add-on Acquisition
Palm Harbor, Florida
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Financial Services	7 (78%)	3.1B (100%)	1 (33%)	-
Software	1 (11%)	-	1 (33%)	-
Internet Software and Services	1 (11%)	-	-	-
Information Technology	-	-	1 (33%)	-
Total	9	$3.1B	3	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		9	3.1B	3	-
	Florida	4	2.9B	-	-
	Georgia	2	174M	1	-
	Tennessee	1	-	1	-
	Colorado	1	-	1	-
	California	1	-	-	-
Total		9	$3.1B	3	-

Top M&A Advisors

Financial	Deals
BofA Securities	1
Barclays Investment Bank	1
J.P. Morgan Securities	1

Legal	Deals
Alston & Bird LLP	2
Simpson Thacher & Bartlett	1

Deal Values

buy	#	Total
> $1B	1	$2.9B
$100M to $1B	1	$174M
TOTAL		$3.1B
Largest	FCB Financial Holdings, Inc. $2.9B (2018-07-24)

M&A Connections

		Deals
Divested to
Strategic(s)	67%	2 (67%)

Company Summary

SECTOR

Financial Services

Revenue

2,206 12%	2022
1,983 2%	2021
2,019 4%	2020
1,952 37%	2019
1,428 5%	2018
1,369 18%	2017
1,167	2016
(millions of USD)	Show More Show Less

Employees

5,134

Established

1888

Public

NYSE: SNV

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Synovus - M&A Summary and Business Overview

Financial ServicesCompany