Synovus Financial (US:SNV) ZACKSยท2025-01-16 01:01Core Insights - Synovus Financial reported revenue of $580.58 million for Q4 2024, marking an 18.8% year-over-year increase and a 2.26% surprise over the Zacks Consensus Estimate of $567.77 million [1] - The earnings per share (EPS) for the same quarter was $1.25, compared to $0.80 a year ago, resulting in a 7.76% surprise over the consensus EPS estimate of $1.16 [1] Financial Metrics - Net interest margin was reported at 3.3%, exceeding the five-analyst average estimate of 3.2% [4] - The efficiency ratio was 53.2%, better than the estimated 54.8% by five analysts [4] - Net charge-offs as a percentage of average loans were 0.3%, matching the estimate from four analysts [4] - Average balance of total interest-earning assets was $55.42 billion, surpassing the four-analyst average estimate of $54.67 billion [4] - Non-performing loans (NPLs) totaled $309.16 million, slightly above the estimated $300.97 million [4] - Non-performing assets (NPAs) were reported at $309.55 million, compared to the estimated $302.06 million [4] - Total non-interest revenue reached $125.59 million, exceeding the average estimate of $121.84 million [4] - Net interest income on a taxable equivalent basis was $456.42 million, higher than the estimated $440.22 million [4] - Net interest income was reported at $454.99 million, above the four-analyst average estimate of $439.38 million [4] - Card fees amounted to $19.58 million, slightly above the average estimate of $19.55 million [4] - Capital markets income was $12.07 million, significantly higher than the estimated $8.77 million [4] - Brokerage revenue reached $20.91 million, compared to the three-analyst average estimate of $20.86 million [4] Stock Performance - Synovus shares returned +0.6% over the past month, while the Zacks S&P 500 composite declined by -3.3% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]