Synovus Gross Profit vs Net Interest Income Analysis

SNV Stock

USD 57.62 1.60 2.86%

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 Gross Profit and its Net Interest Income 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

Gross Profit vs Net Interest Income

Gross Profit vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synovus Financial Corp Gross Profit account and Net Interest Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Synovus Financial's Gross Profit and Net Interest Income is 0.87. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Interest Income 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 Gross Profit and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Synovus Financial Corp are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Gross Profit i.e., Synovus Financial's Gross Profit and Net Interest Income go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Synovus Financial Corp minus its cost of goods sold. It is profit before Synovus Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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.

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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 37.9 M in 2024. Tax Provision is likely to drop to about 187.3 M in 2024

	2021	2022	2023	2024 (projected)
EBITDA	1.1B	1.0B	2.7B	2.8B
EBIT	944.9M	982.8M	2.6B	2.8B

Ebitda Ebit

Synovus Financial fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Non Current Liabilities Total	Total Liab	Total Current Assets	Short Term Debt	Retained Earnings	Other Stockholder Equity	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Short Term Investments
Common Stock Shares Outstanding		0.52	0.49	0.08	0.11	0.86	0.58	0.11	0.53	-0.08	-0.06	0.43	0.45	-0.13	0.51	0.26	0.24	0.15	0.77	0.3	-0.09	-0.09	0.24	0.61	0.41	0.42
Total Assets	0.52		0.13	-0.34	-0.27	0.81	0.55	-0.12	0.59	0.59	-0.54	-0.06	0.96	0.54	1.0	-0.25	-0.39	0.85	0.86	0.93	-0.35	-0.35	0.65	0.88	0.28	0.98
Short Long Term Debt Total	0.49	0.13		0.07	0.12	0.21	0.04	0.71	-0.2	-0.27	-0.18	0.54	0.02	-0.23	0.13	0.05	0.46	0.02	0.44	0.01	-0.28	-0.29	-0.34	0.06	0.81	0.03
Other Current Liab	0.08	-0.34	0.07		0.76	-0.25	0.41	0.1	-0.27	0.08	0.2	-0.14	-0.42	0.14	-0.35	0.89	0.42	-0.39	-0.08	-0.41	0.26	0.27	-0.64	-0.4	-0.09	-0.42
Total Current Liabilities	0.11	-0.27	0.12	0.76		-0.2	0.45	0.04	-0.21	0.17	0.17	-0.26	-0.34	0.23	-0.28	0.68	0.55	-0.41	0.04	-0.27	0.39	0.39	-0.59	-0.36	-0.03	-0.33
Total Stockholder Equity	0.86	0.81	0.21	-0.25	-0.2		0.61	-0.13	0.75	0.22	-0.25	0.18	0.78	0.14	0.8	-0.07	-0.12	0.5	0.83	0.65	-0.23	-0.22	0.62	0.89	0.22	0.76
Property Plant And Equipment Net	0.58	0.55	0.04	0.41	0.45	0.61		-0.1	0.39	0.64	-0.23	-0.36	0.45	0.63	0.54	0.36	0.12	0.34	0.64	0.46	0.02	0.03	0.1	0.54	-0.04	0.46
Net Debt	0.11	-0.12	0.71	0.1	0.04	-0.13	-0.1		-0.68	-0.24	-0.22	0.37	-0.26	-0.16	-0.11	-0.06	0.28	0.0	0.0	-0.14	-0.14	-0.15	-0.62	-0.16	0.72	-0.19
Cash	0.53	0.59	-0.2	-0.27	-0.21	0.75	0.39	-0.68		0.15	0.01	0.04	0.65	0.07	0.59	-0.1	-0.18	0.27	0.54	0.48	0.01	0.01	0.79	0.69	-0.14	0.59
Non Current Assets Total	-0.08	0.59	-0.27	0.08	0.17	0.22	0.64	-0.24	0.15		-0.54	-0.76	0.58	0.99	0.6	-0.04	-0.33	0.68	0.4	0.69	-0.16	-0.15	0.25	0.39	-0.21	0.6
Non Currrent Assets Other	-0.06	-0.54	-0.18	0.2	0.17	-0.25	-0.23	-0.22	0.01	-0.54		0.31	-0.61	-0.57	-0.55	0.35	0.43	-0.82	-0.33	-0.61	0.43	0.42	-0.23	-0.45	-0.43	-0.53
Other Assets	0.43	-0.06	0.54	-0.14	-0.26	0.18	-0.36	0.37	0.04	-0.76	0.31		-0.13	-0.77	-0.06	0.03	0.13	-0.26	0.12	-0.25	-0.14	-0.15	-0.02	0.06	0.53	-0.1
Cash And Short Term Investments	0.45	0.96	0.02	-0.42	-0.34	0.78	0.45	-0.26	0.65	0.58	-0.61	-0.13		0.51	0.96	-0.31	-0.48	0.87	0.78	0.93	-0.37	-0.37	0.77	0.88	0.19	0.97
Non Current Liabilities Total	-0.13	0.54	-0.23	0.14	0.23	0.14	0.63	-0.16	0.07	0.99	-0.57	-0.77	0.51		0.54	-0.03	-0.28	0.66	0.35	0.65	-0.13	-0.12	0.14	0.33	-0.15	0.54
Total Liab	0.51	1.0	0.13	-0.35	-0.28	0.8	0.54	-0.11	0.59	0.6	-0.55	-0.06	0.96	0.54		-0.26	-0.4	0.85	0.85	0.93	-0.36	-0.36	0.65	0.88	0.29	0.98
Total Current Assets	0.26	-0.25	0.05	0.89	0.68	-0.07	0.36	-0.06	-0.1	-0.04	0.35	0.03	-0.31	-0.03	-0.26		0.36	-0.44	0.09	-0.41	0.2	0.2	-0.46	-0.34	-0.17	-0.34
Short Term Debt	0.24	-0.39	0.46	0.42	0.55	-0.12	0.12	0.28	-0.18	-0.33	0.43	0.13	-0.48	-0.28	-0.4	0.36		-0.64	-0.01	-0.42	0.58	0.58	-0.59	-0.44	0.17	-0.46
Retained Earnings	0.15	0.85	0.02	-0.39	-0.41	0.5	0.34	0.0	0.27	0.68	-0.82	-0.26	0.87	0.66	0.85	-0.44	-0.64		0.55	0.89	-0.55	-0.55	0.57	0.75	0.24	0.87
Other Stockholder Equity	0.77	0.86	0.44	-0.08	0.04	0.83	0.64	0.0	0.54	0.4	-0.33	0.12	0.78	0.35	0.85	0.09	-0.01	0.55		0.68	-0.3	-0.3	0.4	0.71	0.38	0.77
Property Plant And Equipment Gross	0.3	0.93	0.01	-0.41	-0.27	0.65	0.46	-0.14	0.48	0.69	-0.61	-0.25	0.93	0.65	0.93	-0.41	-0.42	0.89	0.68		-0.28	-0.27	0.65	0.82	0.21	0.97
Common Stock Total Equity	-0.09	-0.35	-0.28	0.26	0.39	-0.23	0.02	-0.14	0.01	-0.16	0.43	-0.14	-0.37	-0.13	-0.36	0.2	0.58	-0.55	-0.3	-0.28		1.0	-0.31	-0.41	-0.15	-0.35
Common Stock	-0.09	-0.35	-0.29	0.27	0.39	-0.22	0.03	-0.15	0.01	-0.15	0.42	-0.15	-0.37	-0.12	-0.36	0.2	0.58	-0.55	-0.3	-0.27	1.0		-0.31	-0.4	-0.15	-0.34
Other Liab	0.24	0.65	-0.34	-0.64	-0.59	0.62	0.1	-0.62	0.79	0.25	-0.23	-0.02	0.77	0.14	0.65	-0.46	-0.59	0.57	0.4	0.65	-0.31	-0.31		0.75	-0.22	0.73
Accounts Payable	0.61	0.88	0.06	-0.4	-0.36	0.89	0.54	-0.16	0.69	0.39	-0.45	0.06	0.88	0.33	0.88	-0.34	-0.44	0.75	0.71	0.82	-0.41	-0.4	0.75		0.19	0.88
Long Term Debt	0.41	0.28	0.81	-0.09	-0.03	0.22	-0.04	0.72	-0.14	-0.21	-0.43	0.53	0.19	-0.15	0.29	-0.17	0.17	0.24	0.38	0.21	-0.15	-0.15	-0.22	0.19		0.2
Short Term Investments	0.42	0.98	0.03	-0.42	-0.33	0.76	0.46	-0.19	0.59	0.6	-0.53	-0.1	0.97	0.54	0.98	-0.34	-0.46	0.87	0.77	0.97	-0.35	-0.34	0.73	0.88	0.2

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Synovus Financial Account Relationship Matchups

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	1.2B	1.7B
Other Current Liab	(1.8B)	(7.7M)	(197K)	(600.0M)	22.6B	11.9B
Total Current Liabilities	1.8B	7.7M	197K	603.4M	22.9B	14.6B
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)	60.9B	63.9B
Non Currrent Assets Other	(272.0M)	(368.2M)	(325.0M)	(11.8B)	(11.9B)	(11.3B)
Other Assets	32.3B	33.1B	31.4B	59.7B	(18.7B)	(17.8B)
Cash And Short Term Investments	7.9B	12.1B	13.9B	11.6B	12.2B	12.8B
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	54.7B	57.4B
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	17.7B	15.3B
Short Term Debt	1.8B	7.7M	197K	600.0M	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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