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Synovus Financial (Synovus Financial) Scaled Net Operating Assets : -0.10 (As of Dec. 2023)


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What is Synovus Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Synovus Financial's operating assets for the quarter that ended in Dec. 2023 was $47,607 Mil. Synovus Financial's operating liabilities for the quarter that ended in Dec. 2023 was $53,433 Mil. Synovus Financial's Total Assets for the quarter that ended in Sep. 2023 was $59,343 Mil. Therefore, Synovus Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.10.

Synovus Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Synovus Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(57395.431-53432.852)/59731.378
=0.07

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=59809.534 - 2414.103
=57395.431

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54665.386 - 1232.534 - 0
=53432.852

Synovus Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(47606.769-53432.852)/59342.93
=-0.10

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=59809.534 - 12202.765
=47606.769

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=54665.386 - 1232.534 - 0
=53432.852

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Synovus Financial Scaled Net Operating Assets Related Terms

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Synovus Financial (Synovus Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Synovus Financial Corp (NYSE:SNV) » Definitions » Scaled Net Operating Assets
Comparable Companies
BOKF PB BPOP ZION WTFC CADE SSB OZK PNFP ONB NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05
Traded in Other Exchanges
SNVpE.PFD:USA SNVpD.PFD:USA SYU1:Germany SYU1:Germany
Address
1111 Bay Avenue, Suite 500, Columbus, GA, USA, 31901
Website
https://www.synovus.com
Synovus Financial Corp provides commercial and consumer banking in addition to a full suite of specialized products & services such as private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, & international banking to clients through the wholly-owned subsidiary bank, Synovus Bank, and other offices in Alabama, Florida, Georgia, South Carolina, and Tennessee. It has four segments Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, out of which the majority is from the Wholesale banking segment.
Executives
Allan E Kamensky officer: EVP and General Counsel P.O. BOX 120, COLUMBUS GA 31902
Eli Samaha 10 percent owner ONE WORLD TRADE CENTER, FLOOR 65, NEW YORK NY 10007
Shellie Creson officer: EVP and Chief Risk Officer 1111 BAY AVENUE, COLUMBUS GA 31901
John H. Irby director 1111 BAY AVENUE, COLUMBUS GA 31901
Daniel Zachary Bishop officer: EVP, Tech., Ops., & Sec. 1111 BAY AVENUE, COLUMBUS GA 31901
Kevin S. Blair officer: President and CEO 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Diana M Murphy director C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Stacy Apter director 1111 BAY AVENUE, COLUMBUS GA 31901
Thomas T Dierdorff officer: EVP, Corp. & Inv. Banking 1111 BAY AVENUE, COLUMBUS GA 31901
Alexandra Villoch director 1111 BAY AVENUE, COLUMBUS GA 31901
Prochaska Joseph J Jr director METLIFE, 200 PARK AVENUE, NEW YORK NY 10166
Teresa L White director 1932 WYNNTON RD, COLUMBUS GA 31999
Gregory Andrew J. Jr. officer: EVP & Chief Financial Officer 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Robert Warren Derrick officer: EVP & Chief Credit Officer 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Elizabeth D. Wolverton officer: EVP, Head Con. Bank. Brand Exp 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901