...Financial Condition Rehabbed: Fitch Ratings believes that management has successfully executed on rehabilitating Synovus Financial Corp.'s (SNV) financial profile and strengthened risk oversight while maintaining the bank's solid Southeastern U.S. franchise. SNV continues to have strong market presence, particularly in rural markets of southwestern Georgia and eastern Alabama. Improved Asset Quality: Fitch-calculated NPAs stood at 1.7% at 2Q16, down from 2.0% at YE15. Meanwhile, the total volume has been reduced significantly spread out among significant reductions in NPLs and accruing troubled debt restructures (TDRs) along with a solid drop in other real estate owned (OREO). Solid Capital: SNV reports one of the highest tangible common equity (TCE) ratios among its peer group and a strong estimated, fully phased-in Basel III common equity tier 1 (CET1) ratio of 10%, well above the 7% requirement. Fitch expects that SNV will continue to distribute some of this capital to shareholders....
