Compared to Estimates, Synovus (SNV) Q1 Earnings: A Look at Key Metrics

Core Insights - Synovus Financial reported revenue of $571.67 million for the quarter ended March 2025, reflecting a year-over-year increase of 6.3% and a surprise of +0.26% over the Zacks Consensus Estimate of $570.2 million [1] - The earnings per share (EPS) for the quarter was $1.30, significantly higher than the $0.79 reported in the same quarter last year, resulting in an EPS surprise of +17.12% compared to the consensus estimate of $1.11 [1] Financial Performance Metrics - Net interest margin was reported at 3.4%, exceeding the average estimate of 3.3% from four analysts [4] - The efficiency ratio was 53.8%, better than the average estimate of 55.2% from four analysts [4] - Net charge-offs as a percentage of average loans for the quarter were 0.2%, lower than the average estimate of 0.3% based on three analysts [4] - Total interest-earning assets averaged $55.13 billion, slightly below the estimated $55.65 billion from three analysts [4] - Non-performing loans (NPLs) were reported at $286.63 million, compared to the estimated $318.40 million from two analysts [4] - Non-performing assets (NPAs) stood at $287.19 million, also better than the average estimate of $319.15 million from two analysts [4] - Total non-interest revenue was $116.47 million, below the average estimate of $125.36 million from four analysts [4] - Net interest income on a taxable equivalent basis was $455.96 million, surpassing the estimate of $449.53 million from three analysts [4] - Card fees generated $21.23 million, exceeding the average estimate of $19.19 million from two analysts [4] - Capital markets income was reported at $6.94 million, lower than the estimated $10.83 million from two analysts [4] - Brokerage revenue was $20.36 million, slightly below the average estimate of $21.28 million from two analysts [4] Stock Performance - Over the past month, Synovus shares have returned -12.1%, compared to a -4.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]