In the current market session, Synovus Financial Inc. (NYSE:SNV) price is at $45.89, after a 1.30% increase. However, over the past month, the stock fell by 7.83%, and in the past year, by 6.52%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. A Look at Synovus Financial P/E Relative to Its CompetitorsThe P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate ma ...

Key Takeaways Synovus reported Q3 adjusted EPS of $1.46, beating estimates and rising from $1.23 a year earlier. Revenues climbed 8.2% y/y to $611.1 million, driven by higher NII, fee income and lower deposit costs.Credit quality improved with non-performing loans down 33% and net charge-offs falling 44%. Synovus Financial Corp.'s (SNV) third-quarter 2025 adjusted earnings per share of $1.46 surpassed the Zacks Consensus Estimate of $1.36 per share. This compares favorably with earnings of $1.23 per share a ...

Kit Kat's parent company is getting leaner and more automated. Nestle, the world's largest food company, plans to cut around 16,000 jobs worldwide over the next two years as it leans into AI and automation to speed growth and slash costs. That includes roughly 12,000 office roles and another 4,000 factory and supply chain jobs.Nestle calls it a hard but necessary step towards saving $3.3% billion by 2027. CEO Philip Navertil says the world is changing and Nestle needs to change faster. Now, the shakeup come ...

Financial Performance & Growth - PNFP's 3Q25 linked-quarter annualized revenue growth rate was 31.5%[25] - Adjusted EPS grew 54.0% linked-quarter annualized in 3Q25[25] - Average loans grew 7.8% linked-quarter annualized in 3Q25[38] - Average deposits grew 11.3% linked-quarter annualized in 3Q25[45] - The industry is increasing its estimate for 2025 year-over-year net interest income growth to 13-14%[68] - The industry is increasing its estimate for 2025 fee growth over 2024 to approximately 20-22%, excluding certain items[68] Strategic Initiatives & Market Position - PNFP's FDIC deposit market share in Nashville increased by 7.3 percentage points from 2015 to 2025[27] - PNFP's offer acceptance rate for revenue producers remained high at 91.6% in 3Q25[36] - The industry plans to add approximately 150 revenue producers in 2026, with further increases planned for 2027[37] Merger with Synovus Financial Corp - The merger with Synovus is expected to result in a 21% EPS accretion by 2027[72] - Pro forma CET1 at close is projected to be 10.1%[72] - The merger is expected to close in Q1 2026, with operational conversion in Q1 2027[72] BHG Financial Overview - BHG reported strong year-to-date earnings of $189 million[63] - BHG's placements to institutional investors was a record in 3Q at $1.3 billion[179] - Over 80% of BHG's 2025 originations were to borrowers with FICO scores of 700+[191]

Financial Data and Key Metrics Changes - Synovus reported GAAP earnings per share of $1.33 and adjusted earnings per share of $1.46, up 19% year over year [5] - Adjusted PPNR growth was up 5% sequentially and 12% year over year, driven by net interest margin expansion and healthy non-interest revenue growth [5][10] - Net interest margin increased to 3.41%, with net interest income growing 8% year over year [10][14] - The capital position remained strong with a preliminary common equity Tier one ratio at 11.24%, the highest in Synovus' history [14] Business Line Data and Key Metrics Changes - Adjusted revenue increased 9% year over year, while adjusted non-interest expense rose 6% [9] - Wealth revenue increased by 4% sequentially, and capital markets income rose by 8% [12] - Loan production jumped 43% year over year, with specialty lending and institutional commercial real estate lending as strong contributors [10][11] Market Data and Key Metrics Changes - Period end core deposits declined by $231 million or 1% from the second quarter, primarily due to a strategic decline in public funds [11] - Average loans increased by 1%, while period end loans rose by 0.5% [10] - The company expects core deposit growth of approximately 0.5% for the year, with a strong focus on core deposit production in the fourth quarter [15] Company Strategy and Development Direction - The merger with Pinnacle Financial Partners is expected to close in the first quarter of 2026, creating a dynamic regional bank [6][19] - The company is focused on talent acquisition and has added 25 new revenue producers in the third quarter, with plans for continued hiring [6][19] - Synovus aims to maintain strong loan production and fee income generation while managing expenses [6][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued momentum into the fourth quarter, with expectations for loan growth and non-interest revenue stability [19] - The credit loss environment remains favorable, with net charge-offs expected to be between 15 and 20 basis points in the fourth quarter [18] - Management noted that clients are generally optimistic about the economic outlook, which supports loan demand [86] Other Important Information - The company plans to issue 2026 pro forma guidance after the merger closes early next year [21] - Non-recurring expenses related to the merger amounted to $24 million, primarily for professional fees [13] Q&A Session Summary Question: Thoughts on capital and stock buybacks post-merger - Management expects to start with a strong capital position post-merger and aims to build capital in the early quarters while focusing on loan growth [27][28] Question: Trends in deposits and expectations for fourth quarter growth - Management reported $2.6 billion in new deposit production, up 18% from the second quarter, and anticipates a seasonal increase in public funds [33][35] Question: Hiring pace and environment - The hiring environment is characterized by excitement, with internal team members positively influencing external hiring prospects [39][40] Question: Credit trends and non-performing loans - Non-performing loans decreased due to payoffs and paydowns, with management noting the lowest net charge-off quarter in almost three years [43][44] Question: Feedback on the merger and internal/external perceptions - Management reported strong engagement and excitement among team members, with progress on key decisions and regulatory applications [48][53] Question: Loan growth and production trends - Loan production remains strong across various sectors, with expectations for continued growth in the fourth quarter [75][98]

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Financial Performance - Net interest income increased by 3% QoQ and 8% YoY to $474695 thousand [11] - Non-interest revenue increased by 5% QoQ and 13% YoY to $140697 thousand [11] - Total revenue increased by 4% QoQ and 9% YoY to $615392 thousand [11] - Adjusted total revenue (TE) increased by 4% QoQ and 9% YoY to $612794 thousand [11] - Adjusted non-interest expense increased by 3% QoQ and 6% YoY to $320216 thousand [11] - Adjusted diluted EPS decreased by 1% QoQ but increased by 19% YoY to $146 [11] - Loans remained flat QoQ and increased by 1% YoY to $43753 million [13] - Deposits remained flat QoQ and YoY at $50004 million [13] Credit Quality & Capital - NCOs/Average Loans was 014% [13] - NPLs/Loans was 048% [13] - Allowance for Credit Losses % was 119% [13] - CET1 Ratio was 1124% [13] Merger with Pinnacle Financial Partners - The merger is expected to result in 21% EPS accretion in 2027E [30] - TBV dilution earnback is projected to be 26 years [30]

Core Insights - Synovus Financial reported revenue of $611.06 million for the quarter ended September 2025, reflecting an 8.2% increase year-over-year and a surprise of +0.99% over the Zacks Consensus Estimate of $605.07 million [1] - Earnings per share (EPS) for the quarter was $1.46, up from $1.23 in the same quarter last year, with an EPS surprise of +7.35% compared to the consensus estimate of $1.36 [1] Financial Performance Metrics - Net interest margin (taxable equivalent) was 3.4%, matching the average estimate of five analysts [4] - Efficiency ratio (taxable equivalent) stood at 56.5%, higher than the average estimate of 52.9% based on five analysts [4] - Net charge-offs as a percentage of average loans for the quarter was 0.1%, better than the estimated 0.2% by four analysts [4] - Average balance of total interest-earning assets was $55.51 billion, slightly below the three-analyst average estimate of $56.16 billion [4] - Tier 1 Capital Ratio was reported at 12.3%, exceeding the average estimate of 11.6% from two analysts [4] - Non-performing assets (NPAs) totaled $231.72 million, lower than the estimated $267.34 million by two analysts [4] - Tier 1 Leverage Ratio was 10%, in line with the two-analyst average estimate of 10% [4] - Non-performing loans (NPLs) amounted to $209.33 million, significantly lower than the average estimate of $265.63 million from two analysts [4] - Total non-interest revenue reached $140.7 million, surpassing the five-analyst average estimate of $130.97 million [4] - Net interest income (taxable equivalent) was $476.43 million, slightly below the estimated $479.1 million by four analysts [4] - Net interest income was reported at $474.7 million, marginally above the estimate of $474.54 million by three analysts [4] - Card fees were $19.89 million, slightly below the estimated $20.06 million by two analysts [4] Stock Performance - Synovus shares have returned -5.4% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

分组1 - Synovus Financial reported quarterly earnings of $1.46 per share, exceeding the Zacks Consensus Estimate of $1.36 per share, and up from $1.23 per share a year ago, representing an earnings surprise of +7.35% [1] - The company posted revenues of $611.06 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.99%, and an increase from $564.72 million year-over-year [2] - Synovus has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has underperformed the market, losing about 6.6% since the beginning of the year compared to the S&P 500's gain of 13% [3] - The current consensus EPS estimate for the coming quarter is $1.36 on revenues of $611.43 million, and for the current fiscal year, it is $5.49 on $2.38 billion in revenues [7] - The Zacks Industry Rank for Banks - Southeast is in the top 36% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended Sept. 30, 2025. ...