Synovus' (SNV) Organic Expansion Drives Growth, High Costs Ail
SNVSynovus Financial (SNV) ZACKS·2024-06-25 22:30

Synovus Financial Corp.’s (SNV) emphasis on expanding its corporate, investment and middle-market commercial banking verticals is set to support its financials in the upcoming quarters. Balance sheet strength and strong liquidity position are other positives. However, escalating expenses due to investments in technology and a steady decline in mortgage banking income are near-term headwinds. SNV is committed to its organic growth strategy. The bank is focused on expanding its corporate and investment bankin ...