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On the Record · Synovus Financial

Synovus Financial acquisitions, on the record

The businesses Synovus Financial bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Qualpay
Word for word“Under the terms of the agreement, Synovus acquired a controlling interest in Qualpay in exchange for $ 7.0 million in cash and the settlement of Qualpay's debt to Synovus of $ 31.1 million.” 10-K for 2023
acquisition—$ 7.0 million in cash and the settlement of Qualpay's debt to Synovus of $ 31.1 million
GLOBALT
Word for word“On September 30, 2023, Synovus further simplified its business mix and sold its asset management firm GLOBALT to its management team and recorded a $1.9 million gain, which included an earnout receivable valued at $1.8 million.” 10-K for 2023
divestitureSeptember 30, 2023—
GLOBALT asset management firm
Word for word“During the third quarter of 2023, Synovus sold its GLOBALT asset management firm to its management team.” 10-K for 2024
divestiturethird quarter of 2023—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedGoodwill from acquisitions
2016-12-31$35.2 million
2019-12-31$440 million
2023-12-31$30.5 million

Deal filings since 2016

Read from Synovus Financial’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-21. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.