Joseph Prochaska - Synovus Financial Independent Director

SNV Stock  USD 33.90  2.72  7.43%   

Director

Mr. Joseph J. Prochaska, Jr., is an Independent Director of Synovus Financial Corporationration Mr. Prochaska is the former Executive Vice President and Chief Accounting Officer of MetLife, Inc., a public insurance and financial services company, a position he held from 2005 until his retirement in 2009. From 2003 to 2005, he served as MetLifes Senior Vice President and Chief Accounting Officer. From 1992 to 2003, Mr. Prochaska served in various executive leadership positions at Aon Corporationrationration, including Senior Vice President and Controller, Executive Vice President and Chief Financial Officer of Aon Group, Inc. and President of Aons Financial Services Group. From 1975 to 1992, he served in various executive leadership positions at Shand, Morahan Co., Inc. and Evanston Insurance Company, including Chief Financial Officer, Chairman and Chief Executive Officer. In addition, Mr. Prochaskas background includes experience with a major accounting firm in Chicago, Illinois as a certified public accountant. He holds a bachelors degree in accounting from the University of Notre Dame. Mr. Prochaska currently serves on the board of several private companies and is a member of the audit committee for one of these companies. He has also received the designation of a Governance Fellow by the National Association of Corporationrationrate Directors since 2011.
Age 70
Tenure 13 years
Address 1111 Bay Avenue, Columbus, GA, United States, 31901
Phone706 641 6500
Webhttps://www.synovus.com
Prochaska’s extensive accounting experience in the financial services industry, his integral involvement in the daytoday accounting and risk management practices of large global public companies and his compensation and insurance expertise provide our Board with a valuable resource.

Synovus Financial Management Efficiency

At this time, Synovus Financial's Return On Tangible Assets are fairly stable compared to the past year. Return On Assets is likely to climb to 0.01 in 2024, whereas Return On Capital Employed is likely to drop 0.02 in 2024. At this time, Synovus Financial's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 57.1 B in 2024, whereas Total Current Assets are likely to drop slightly above 5.2 B in 2024. Synovus Financial's management efficiency ratios could be used to measure how well Synovus Financial manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 2.13 B in debt with debt to equity (D/E) ratio of 0.32, which is OK given its current industry classification. Debt can assist Synovus Financial until it has trouble settling it off, either with new capital or with free cash flow. So, Synovus Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Synovus Financial Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Synovus to invest in growth at high rates of return. When we think about Synovus Financial's use of debt, we should always consider it together with cash and equity.

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Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. The company was founded in 1888 and is headquartered in Columbus, Georgia. Synovus Financial operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 4887 people. Synovus Financial Corp (SNV) is traded on New York Stock Exchange in USA. It is located in 1111 Bay Avenue, Columbus, GA, United States, 31901 and employs 4,798 people. Synovus Financial is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Synovus Financial Corp Leadership Team

Elected by the shareholders, the Synovus Financial's board of directors comprises two types of representatives: Synovus Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Synovus. The board's role is to monitor Synovus Financial's management team and ensure that shareholders' interests are well served. Synovus Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Synovus Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
D Akins, Executive Vice President and Chief Community Banking Officer
Bob May, Sr. Director Investor Relations and Capital Management
Teresa White, Independent Director
Allen Gula, Chief Operations Officer, Executive VP, Chief Operations Officer of Synovus Bank and Executive VP of Synovus Bank
D Bishop, Executive Vice President - Technology, Operations and Security
Angie Lewis, Interim Chief Risk Officer
Catherine Allen, Independent Director
Allan Esq, Executive Counsel
Kessel Stelling, Chairman, CEO and President Chairman of Executive Committee and Chairman of Synovus Bank
Diana Murphy, Independent Director
Andre Gregory, Chief Financial Officer, Executive Vice President
Kevin Blair, President, Chief Executive Officer, Chief Operating Officer, Director
Steve Adams, IR Contact Officer
Gloria Banks, Executive Officer
Roy Copeland, Chief Community Banking Officer and Executive VP
Kevin Howard, Executive Vice President and Chief Wholesale Banking Officer
Darron Burnette, South Middle
Jamie Gregory, Chief Financial Officer, Executive Vice President
John Stallworth, Independent Director
Barry Storey, Independent Director
F Brooke, Independent Director
Thomas Dierdorff, Executive Vice President and Head of Corporate and Investment Banking
Dake Madray, Corporate Treasurer
Mark Holladay, Chief Risk Officer, Executive VP, Chairman of Executive Risk Committee, Chief Risk Officer of Synovus Bank and Executive VP of Synovus Bank
Allan Kamensky, Executive VP, General Counsel and Corporate Secretary
Alison Dowe, Executive Officer
Thomas Prescott, CFO, Executive VP, CFO of Synovus Bank and Executive VP of Synovus Bank
Jennifer Upshaw, Chief Retail Banking Officer
Shellie Creson, Executive Officer
Daniel Bishop, Operations Technology
Andrew Gregory, Chief Financial Officer, Executive Vice President
Jerry Nix, Independent Director
Robert Derrick, Executive Vice President and Chief Credit Officer
Allen Barker, Division Georgia
Daniel Courchesne, Division CEO
Harris Pastides, Independent Director
Dixon Brooke, Independent Director
Tim Bentsen, Independent Director
Joseph Prochaska, Independent Director
Sharon Goodwine, Chief Human Resource Officer, Executive Vice President
Nathaniel Hansford, Independent Director
Jennifer CFA, Director Relations
Elizabeth Camp, Independent Director
Curtis Perry, Executive Vice President and Chief Corporate Banking Officer
Wayne Akins, Executive Vice President and Chief Retail Banking Officer
Elizabeth Wolverton, Executive Vice President and Chief Strategy and Customer Experience Officer
Melvin Stith, Independent Director
Jill Hurley, Chief Accounting Officer, Controller
Meredith Forrester, Executive Vice President Chief Audit Executive
Philip Tomlinson, Independent Director
Stephen Butler, Independent Director
Pedro Cherry, Independent Director
Jody Patton, Division Georgia
Michael Goodrich, Lead Independent Director
Jeffrey Singleton, Executive Vice President and President - Synovus Financial Management Services
Robert May, Sr. Director Investor Relations and Capital Management
Liliana McDaniel, Chief Accounting Officer
Katherine Weisloge, Executive Vice President and and Head of Treasury and Payment Solutions
Cal Evans, Director Intelligence

Synovus Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Synovus Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Synovus Financial Corp is a strong investment it is important to analyze Synovus Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Synovus Financial's future performance. For an informed investment choice regarding Synovus Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synovus Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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When running Synovus Financial's price analysis, check to measure Synovus Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Synovus Financial is operating at the current time. Most of Synovus Financial's value examination focuses on studying past and present price action to predict the probability of Synovus Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synovus Financial's price. Additionally, you may evaluate how the addition of Synovus Financial to your portfolios can decrease your overall portfolio volatility.
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Is Synovus Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Synovus Financial. If investors know Synovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Synovus Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.70)
Dividend Share
1.52
Earnings Share
3.46
Revenue Per Share
13.922
Quarterly Revenue Growth
(0.22)
The market value of Synovus Financial Corp is measured differently than its book value, which is the value of Synovus that is recorded on the company's balance sheet. Investors also form their own opinion of Synovus Financial's value that differs from its market value or its book value, called intrinsic value, which is Synovus Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Synovus Financial's market value can be influenced by many factors that don't directly affect Synovus Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Synovus Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Synovus Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synovus Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.