Ahead of Synovus (SNV) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts project that Synovus Financial (SNV) will report quarterly earnings of $0.96 per share, reflecting a year-over-year decline of 17.2%, with revenues expected to reach $496.57 million, down 12.6% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 2.3% over the last 30 days, indicating analysts' reassessment of their initial forecasts [8]. - Analysts predict 'Total interest earning assets - Average Balance' will be $55.59 billion, down from $57.18 billion in the same quarter last year [4]. - 'Total non-interest revenue' is expected to be $40.79 million, a significant decrease from $112.28 million reported in the same quarter last year [5]. - 'Mortgage Banking Income' is forecasted to reach $3.91 million, compared to $4.61 million a year ago [6]. - 'Capital markets income' is estimated at $6.82 million, slightly down from $6.98 million in the same quarter last year [7]. - 'Net Interest Margin' is projected at 3.1%, down from 3.2% a year ago [10]. - 'Total Non-performing Assets' are expected to be $334.13 million, up from $261.51 million a year ago [11]. - 'Net Interest Income (FTE)' is projected to be $426.00 million, down from $456.67 million in the same quarter last year [12]. - 'Fiduciary and asset management fees' are expected to reach $19.50 million, compared to $20.03 million a year ago [13]. - 'Total Non-performing loans' are estimated at $318.01 million, up from $261.51 million last year [15]. - 'Service charges on deposit accounts' are expected to be $22.36 million, down from $23.48 million a year ago [17]. - The estimated 'Efficiency Ratio' stands at 72.0%, compared to 54% a year ago [14]. Market Performance - Shares of Synovus have shown a return of +14.6% over the past month, outperforming the Zacks S&P 500 composite's +4.3% change [14].