Synovus Financial (SNV) ZACKS·2025-01-10 15:26Core Viewpoint - Synovus Financial (SNV) is expected to report significant growth in quarterly earnings and revenues, with analysts projecting earnings of 567.77 million, reflecting a 16.2% increase compared to the same period last year [1]. Earnings Projections - The consensus EPS estimate for the quarter has been revised upward by 0.2% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly correlated with short-term stock price performance [3]. Key Financial Metrics - Analysts project a 'net interest margin, taxable equivalent' of 3.2%, up from 3.1% a year ago [5]. - The 'Efficiency ratio - TE' is expected to be 54.8%, a significant improvement from 72% reported in the same quarter last year [5]. - The 'Average Balance - Total interest earning assets' is estimated to be 55.99 billion a year ago [5]. Non-Performing Loans and Assets - 'Non-performing Loans (NPLs)' are projected to reach 288.18 million reported in the same quarter last year [6]. - 'Non-performing Assets (NPAs)' are expected to be 288.18 million in the previous year [6]. Revenue Estimates - Total non-interest revenue is estimated at 51.47 million reported in the same quarter last year [7]. - 'Net interest income taxable equivalent' is projected at 438.43 million a year ago [7]. - The consensus estimate for 'Net Interest Income' stands at 437.21 million in the same quarter last year [8]. Additional Revenue Streams - 'Card fees' are expected to reach 20.87 million reported in the same quarter last year [8]. - 'Capital markets income' is projected at 5.10 million a year ago [9]. - 'Brokerage revenue' is expected to be 19.73 million last year, while 'Mortgage banking income' is projected at 3.02 million [9]. Stock Performance - Over the past month, shares of Synovus have returned -4.1%, compared to the Zacks S&P 500 composite's -2.2% [10].