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Synovus Financial (SNV) Tax Rate (2016 - 2019)

Synovus Financial has reported Tax Rate over the past 4 years, most recently at 26.59% for Q4 2019.

  • Quarterly results put Tax Rate at 26.59% for Q4 2019, down 37.0% from a year ago — trailing twelve months through Dec 2019 was 26.3% (up 459.0% YoY), and the annual figure for FY2024 was 20.75%, down 138.0%.
  • Tax Rate for Q4 2019 was 26.59% at Synovus Financial, down from 27.41% in the prior quarter.
  • Over the last five years, Tax Rate for SNV hit a ceiling of 71.52% in Q4 2017 and a floor of 14.8% in Q3 2018.
  • Median Tax Rate over the past 4 years was 29.72% (2017), compared with a mean of 32.0%.
  • Biggest five-year swings in Tax Rate: surged 3496bps in 2017 and later plummeted -4456bps in 2018.
  • Synovus Financial's Tax Rate stood at 36.57% in 2016, then skyrocketed by 96bps to 71.52% in 2017, then tumbled by -62bps to 26.96% in 2018, then dropped by -1bps to 26.59% in 2019.
  • The last three reported values for Tax Rate were 26.59% (Q4 2019), 27.41% (Q3 2019), and 25.92% (Q2 2019) per Business Quant data.