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Synovus Financial (SNV) Tax Rate: 2009-2024

Historic Tax Rate for Synovus Financial (SNV) over the last 14 years, with Dec 2024 value amounting to 20.75%.

  • 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.
  • As of FY2024, Synovus Financial's Tax Rate stood at 20.75%, which was down 6.23% from 22.12% recorded in FY2023.
  • In the past 5 years, Synovus Financial's Tax Rate registered a high of 23.14% during FY2021, and its lowest value of 20.75% during FY2024.
  • In the last 3 years, Synovus Financial's Tax Rate had a median value of 21.39% in 2022 and averaged 21.42%.
  • Per our database at Business Quant, Synovus Financial's Tax Rate plummeted by 341bps in 2020 and then surged by 73bps in 2023.
  • Yearly analysis of 5 years shows Synovus Financial's Tax Rate stood at 22.90% in 2020, then rose by 24bps to 23.14% in 2021, then slumped by 174bps to 21.39% in 2022, then spiked by 73bps to 22.12% in 2023, then tumbled by 138bps to 20.75% in 2024.