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Synovus Financial (SNV) Tax Rate: 2016-2019

Historic Tax Rate for Synovus Financial (SNV) over the last 4 years, with Dec 2019 value amounting to 26.59%.

  • Synovus Financial's Tax Rate fell 37.00% to 26.59% in Q4 2019 from the same period last year, while for Dec 2019 it was 26.30%, marking a year-over-year increase of 459.00%. This contributed to the annual value of 20.75% for FY2024, which is 138.00% down from last year.
  • Latest data reveals that Synovus Financial reported Tax Rate of 26.59% as of Q4 2019, which was down 3.00% from 27.41% recorded in Q3 2019.
  • Over the past 5 years, Synovus Financial's Tax Rate peaked at 71.52% during Q4 2017, and registered a low of 14.80% during Q3 2018.
  • Over the past 3 years, Synovus Financial's median Tax Rate value was 26.78% (recorded in 2019), while the average stood at 30.51%.
  • Its Tax Rate has fluctuated over the past 5 years, first skyrocketed by 3,496bps in 2017, then slumped by 4,456bps in 2018.
  • Quarterly analysis of 4 years shows Synovus Financial's Tax Rate stood at 36.57% in 2016, then skyrocketed by 3,496bps to 71.52% in 2017, then slumped by 4,456bps to 26.96% in 2018, then slumped by 37bps to 26.59% in 2019.
  • Its last three reported values are 26.59% in Q4 2019, 27.41% for Q3 2019, and 25.92% during Q2 2019.