Synovus Financial (SNV) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.84%. A quarter ago, it was expected that this holding company for Synovus Bank would post earnings of $0.96 per share when it actually produced earnings of $1.16, delivering a surprise of 20.83%. Over the last ...

Synovus Exhibit 99.2 INCOME STATEMENT DATA (Unaudited) | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------|-------|---------------------|---------------|-------------------------|------------------| | (Dollars in thousands, except per share data) | | | Nine Months | Ended September 30, | '24 vs '23 | | Interest income | $ | 2024 2,394,459 | $ | 2023 2,262,061 | % Change 6 % | | Interest expense N ...

Analysts on Wall Street project that Synovus Financial (SNV) will announce quarterly earnings of $1.08 per share in its forthcoming report, representing an increase of 28.6% year over year. Revenues are projected to reach $556.61 million, increasing 1.2% from the same quarter last year. The consensus EPS estimate for the quarter has been revised 4.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates durin ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Synovus Financial (SNV) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 16, 2024, might help the stock move higher if these key numbers are bette ...

Shares of Synovus Financial Corp. (SNV) slid 2.1% after it announced that the third-quarter 2024 net interest income (NII) is likely to be impacted by the muted loan growth environment and the impact of expected Federal Reserve rate cuts. Other banks like Regions Financial Corporation's (RF) third-quarter 2024 NII is expected to be flat to up 2% from $1.2 billion in the second quarter. PNC Financial (PNC) anticipates its NII to rise 1-2% in third-quarter 2024 from $3.3 billion reported in the second quarter ...

I t I I I TH I 11 I t I 0 i I I 1 J. Michael Jones After my recent article recommending Wells Fargo Preferred Series L (WFC.PR.L), I received several suggestions about other preferred issues. Most of them were interesting, and I especially liked reader Deehena's mention of Synovus Financial Corp. Fixed-Rate Reset Non-Cumulative Preferred E (NYSE:SNV.PR.E). Synovus Financial, based in Columbus, Ga., is the holding company for Synovus Bank. It is the nation's 38th largest commercial bank with $59 billion in a ...

Synovus Financial (SNV) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a ...

A month has gone by since the last earnings report for Synovus Financial (SNV) . Shares have lost about 4.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Synovus due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Synovus Q2 Earnings Beat Estimates, Revenues Fall ...

Adding Synovus Financial Corp. (SNV) stock to your portfolio seems to be a wise idea now. Supported by strong fundamentals, the company is well poised for growth. The Zacks Consensus Estimate for SNV's 2024 earnings has been revised 4.9% upward in the past 30 days, indicating that analysts are optimistic regarding its earnings growth potential. SNV currently carries a Zacks Rank #2 (Buy). In the past six months, the stock has risen 19.1% compared with the industry's growth of 16.9%. Image Source: Zacks Inve ...

Synovus Financial Corp.'s (SNV) emphasis on expanding its corporate, investment and middle-market commercial banking verticals is set to support its financials in the upcoming quarters. Balance sheet strength and strong liquidity position are other positives. However, escalating expenses due to investments in technology and a steady decline in mortgage banking income are near-term headwinds. SNV is focused on its organic growth strategy. The company aims to expand its corporate and investment banking and mi ...