...Rating Outlook Remains Positive: Synovus Financial Corp.'s (SNV) Rating Outlook remains Positive, reflecting the company's improving asset quality and earnings, which have benefited from several strategic initiatives along with the favourable credit and interest rate environments. Fitch Ratings believes that SNV's earnings performance could warrant a higher rating level should it consistently exceed peer levels and asset quality metrics remain in line with peer averages. FCB Acquisition Completed: SNV's acquisition of Florida Community Bank (FCB), which was completed in January 2019, was in line with Fitch's expectations that SNV would pursue an acquisition to build out its franchise and gain further operating efficiencies. Fitch believes the transaction augments SNV's commercial market presence in Florida as well as provides access to new markets along the eastern coast of the state. Improved Asset Quality: SNV's asset quality has continued to improve in the last few years due to the transfer...
