Stay Ahead of the Game With Synovus (SNV) Q3 Earnings: Wall Street's Insights on Key Metrics

Core Viewpoint - Analysts expect Synovus Financial (SNV) to report quarterly earnings of $1.36 per share, reflecting a year-over-year increase of 10.6%, with revenues projected at $603.8 million, up 6.9% from the previous year [1]. Earnings Estimates - There has been a 0.3% upward revision in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their forecasts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Key Financial Metrics - The efficiency ratio is estimated to be 52.9%, down from 55.4% a year ago [5]. - The net interest margin is projected at 3.4%, compared to 3.2% in the previous year [5]. - Average balance of total interest-earning assets is expected to reach $56.16 billion, up from $54.56 billion year-over-year [5]. Loan and Capital Ratios - Non-performing loans (NPLs) are expected to be $265.63 million, down from $312.96 million in the same quarter last year [6]. - The Tier 1 leverage ratio is projected at 10.0%, compared to 9.6% a year ago [6]. - Non-performing assets (NPAs) are estimated at $267.34 million, down from $313.35 million in the previous year [7]. - The Tier 1 capital ratio is expected to be 11.6%, slightly down from 11.8% year-over-year [7]. Revenue Projections - Total non-interest revenue is projected at $130.97 million, up from $123.98 million a year ago [8]. - Net interest income taxable equivalent is expected to be $479.10 million, compared to $442.13 million in the previous year [8]. - Net interest income is projected to reach $474.54 million, up from $440.74 million year-over-year [8]. Additional Revenue Insights - Card fees are expected to reach $20.06 million, compared to $18.44 million in the same quarter last year [9]. - Capital markets income is projected at $14.42 million, up from $10.28 million year-over-year [9]. - Over the past month, Synovus shares have declined by 8.4%, while the Zacks S&P 500 composite has increased by 3.5% [9].