Synovus Net Interest Income vs Income Before Tax Analysis
SNV Stock | USD 37.51 1.11 3.05% |
Synovus Financial financial indicator trend analysis is much more than just breaking down Synovus Financial Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synovus Financial Corp is a good investment. Please check the relationship between Synovus Financial Net Interest Income and its Income Before Tax accounts. 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.
Net Interest Income vs Income Before Tax
Net Interest Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synovus Financial Corp Net Interest Income account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Synovus Financial's Net Interest Income and Income Before Tax is 0.85. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Synovus Financial Corp, assuming nothing else is changed. The correlation between historical values of Synovus Financial's Net Interest Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Interest Income of Synovus Financial Corp are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Interest Income i.e., Synovus Financial's Net Interest Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Synovus Financial income statement and is an important metric when analyzing Synovus Financial Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from Synovus Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synovus Financial Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. At this time, Synovus Financial's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 3.85 in 2024, whereas Selling General Administrative is likely to drop slightly above 37.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | EBITDA | 1.1B | 1.3B | 2.7B | 2.8B | EBIT | 989.4M | 1.2B | 858.7M | 580.3M |
Synovus Financial fundamental ratios Correlations
Click cells to compare fundamentals
Synovus Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Synovus Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 156.1M | 148.2M | 148.5M | 146.5M | 146.7M | 77.9M | |
Total Assets | 48.2B | 54.4B | 57.3B | 59.7B | 59.8B | 62.8B | |
Short Long Term Debt Total | 3.9B | 1.2B | 1.2B | 4.7B | 2.1B | 1.6B | |
Other Current Liab | (1.8B) | (7.7M) | (197K) | (603.4M) | 22.6B | 12.4B | |
Total Current Liabilities | 1.8B | 7.7M | 197K | 603.4M | 22.9B | 15.1B | |
Total Stockholder Equity | 4.9B | 5.2B | 5.3B | 4.5B | 5.1B | 2.8B | |
Property Plant And Equipment Net | 493.9M | 464.0M | 407.2M | 370.6M | 838.9M | 498.7M | |
Net Debt | 2.8B | (2.9B) | (1.7B) | 2.8B | (289.0M) | (274.5M) | |
Cash | 1.1B | 4.1B | 2.9B | 1.9B | 2.4B | 1.3B | |
Non Current Assets Total | 7.8B | 8.9B | 11.8B | (479.5M) | 54.3B | 57.1B | |
Non Currrent Assets Other | (272.0M) | (368.2M) | (325.0M) | (11.8B) | 49.0B | 51.5B | |
Other Assets | 32.3B | 33.1B | 31.4B | 59.7B | 1.0 | 0.95 | |
Cash And Short Term Investments | 7.9B | 12.1B | 13.9B | 11.6B | 710.4M | 674.8M | |
Liabilities And Stockholders Equity | 48.2B | 54.4B | 57.3B | 59.7B | 59.8B | 62.8B | |
Non Current Liabilities Total | 2.2B | 1.2B | 1.2B | 644.5M | 31.7B | 33.3B | |
Total Liab | 43.3B | 49.2B | 52.0B | 55.3B | 54.7B | 57.4B | |
Total Current Assets | 8.1B | 12.4B | 14.1B | 517.2M | 5.5B | 5.2B | |
Short Term Debt | 1.8B | 7.7M | 197K | 603.4M | 300.9M | 285.9M | |
Retained Earnings | 1.1B | 1.2B | 1.7B | 2.2B | 2.5B | 2.6B | |
Other Stockholder Equity | 3.1B | 3.1B | 3.0B | 3.0B | 3.0B | 3.2B | |
Accumulated Other Comprehensive Income | 65.6M | 158.6M | (82.3M) | (1.4B) | (1.1B) | (1.1B) | |
Property Plant And Equipment Gross | 868.7M | 844.3M | 1.4B | 1.3B | 1.4B | 1.5B | |
Common Stock Total Equity | 166.8M | 168.1M | 169.4M | 170.1M | 153.1M | 277.9M | |
Common Stock | 166.8M | 168.1M | 169.4M | 170.1M | 171.4M | 272.3M | |
Other Liab | 357.4M | 1.1B | 1.1B | 534.9M | 615.1M | 455.3M | |
Accounts Payable | 38.4B | 46.7B | 49.4B | 48.9B | 56.2B | 28.3B | |
Long Term Debt | 2.2B | 1.2B | 1.2B | 4.1B | 1.2B | 1.8B | |
Short Term Investments | 6.8B | 8.0B | 10.9B | 9.7B | 9.8B | 10.3B | |
Inventory | (1.5B) | (4.6B) | (3.3B) | (394.0M) | (1.2B) | (1.1B) | |
Treasury Stock | (1.0B) | (715.6M) | (731.8M) | (931.5M) | (838.3M) | (796.4M) | |
Intangible Assets | 55.7M | 45.1M | 35.6M | 27.1M | 45.9M | 43.6M | |
Property Plant Equipment | 868.7M | 464.0M | 407.2M | 370.6M | 333.6M | 451.9M | |
Other Current Assets | 1.5B | 4.6B | 3.3B | (11.1B) | 5.5B | 5.2B | |
Net Receivables | 234.9M | 281.7M | 242.3M | 394.0M | 499.3M | 524.3M | |
Net Tangible Assets | 3.9B | 4.1B | 4.3B | 3.5B | 4.0B | 3.4B | |
Retained Earnings Total Equity | 1.1B | 1.2B | 1.7B | 2.2B | 2.6B | 2.7B | |
Long Term Debt Total | 2.2B | 1.2B | 1.2B | 4.1B | 4.7B | 5.0B |
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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. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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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 (0.41) | Dividend Share 1.52 | Earnings Share 3.46 | Revenue Per Share 13.238 | Quarterly Revenue Growth (0.17) |
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.