2024-06-05 16:37:57 ET
Summary
- Synovus Financial is facing challenges with total loan growth and declining total deposits, impacting profitability.
- The bank is implementing a strategy to reorganize its securities portfolio, reducing unrealized losses and improving average yield.
- The reorganization plan may result in a decline in net income in the short term but is expected to improve profitability in the medium term.
Synovus Financial ( SNV ) is a bank established back in 1888 and headquartered in Columbus, Georgia....
Read the full article on Seeking Alpha
For further details see:
Synovus Financial: Securities Portfolio Is Key To Improving Profitability