Synovus

1. Credit Risk: As a financial institution, Synovus is exposed to credit risk, which is the risk of default by borrowers on loans or other credit products. A significant number of defaults can lead to financial losses and impact the company's profitability.

2. Interest Rate Risk: Synovus earns a significant portion of its revenue from lending activities, which makes the company vulnerable to changes in interest rates. A rise in interest rates can increase the cost of borrowing for customers and reduce demand for loans, resulting in lower profits for the company.

3. Regulatory Risk: As a bank, Synovus is subject to a variety of regulations and laws governing its operations. Any changes in these regulations or failure to comply with them can result in significant penalties and fines, negatively impacting the company's financial performance.

4. Operational Risk: Synovus is exposed to operational risks such as system failures, errors, fraud, and other disruptions that can affect its business operations and reputation. Such events can result in financial losses and damage the company's credibility.

5. Market Risk: Market risk refers to the potential losses resulting from adverse movements in market prices, such as interest rates, exchange rates, and asset prices. Synovus is exposed to market risks through its investment activities and may suffer significant losses if there are adverse movements in market prices.

6. Technology Risk: As a financial institution, Synovus relies heavily on technology to operate its business. Any disruptions to its systems or breaches in cybersecurity could lead to financial losses, reputational damage, and legal consequences.

7. Economic Downturns: Synovus's financial performance is closely tied to the overall health of the economy. In the event of an economic downturn or recession, the company's profitability may be affected by higher loan defaults, lower demand for loans, and other economic factors.

8. Competition: Synovus operates in a highly competitive industry, facing competition from other banks, credit unions, and financial institutions. Intense competition can put pressure on the company's margins and profitability as it may have to lower interest rates or offer better terms to attract and retain customers.

9. Geographic Concentration: Synovus primarily operates in the southeastern United States, making it susceptible to local economic conditions and risks. Any adverse events in the region, such as natural disasters or economic downturns, can significantly impact the company's financial performance.

10. Reputation Risk: Any negative publicity or customer dissatisfaction can impact Synovus's reputation and lead to a loss of customers and market share. This can result in significant financial losses and damage to the company's brand image.