Split History
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Synovus Financial is a financial services company and a bank holding company. Through the 28 locally-branded banking divisions of Co.'s wholly-owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee as of Dec 31 2013, Co. provides financial services including commercial and retail banking, financial management, insurance and mortgage services to its customers. Co.'s commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans. As of Dec 31 2013, Co. had total assets of $26.20 billion and total deposits of $20.88 billion. According to our SNV split history records, Synovus Financial has had 6 splits.
SNV split history picture
Synovus Financial (SNV) has 6 splits in our SNV split history database. The first split for SNV took place on April 02, 1993. This was a 3 for 2 split, meaning for each 2 shares of SNV owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 position following the split. SNV's second split took place on April 09, 1996. This was a 3 for 2 split, meaning for each 2 shares of SNV owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 position following the split. SNV's third split took place on April 09, 1997. This was a 3 for 2 split, meaning for each 2 shares of SNV owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 position following the split. SNV's 4th split took place on May 22, 1998. This was a 3 for 2 split, meaning for each 2 shares of SNV owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 position following the split. SNV's 5th split took place on January 02, 2008. This was a 100 for 44 split, meaning for each 44 shares of SNV owned pre-split, the shareholder now owned 100 shares. For example, a 5062.5 share position pre-split, became a 11505.6818181818 position following the split. SNV's 6th split took place on May 19, 2014. This was a 1 for 7 reverse split, meaning for each 7 shares of SNV owned pre-split, the shareholder now owned 1 share. For example, a 11505.6818181818 share position pre-split, became a 0 position following the split.

When a company such as Synovus Financial splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Synovus Financial conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Looking at the SNV split history from start to finish, an original position size of 1000 shares would have turned into 11505.6818181818 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Synovus Financial shares, starting with a $10,000 purchase of SNV, presented on a split-history-adjusted basis factoring in the complete SNV split history. SNV split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 11/23/2004
End date: 11/21/2014
Start price/share: $84.84
End price/share: $25.81
Starting shares: 117.87
Ending shares: 147.79
Dividends reinvested/share: $12.55
Total return: -61.86%
Average Annual Total Return: -9.19%
Starting investment: $10,000.00
Ending investment: $3,813.61
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 11/23/2004
End date: 11/21/2014
Start price/share: $84.84
End price/share: $25.81
Dividends collected/share: $12.55
Total return: -54.79%
Average Annual Total Return: -7.63%
Starting investment: $10,000.00
Ending investment: $4,521.78
Years: 10.00
Date Ratio
04/02/19933 for 2
04/09/19963 for 2
04/09/19973 for 2
05/22/19983 for 2
01/02/2008100 for 44
05/19/20141 for 7
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