Synovus Financial Corp reports results for the quarter ended March 31 - Earnings Summary

Synovus Financial

16/04/2025 23:38

Synovus Financial Corp SNV.N reported quarterly adjusted earnings of $1.30​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 86 cents.  The mean expectation of seventeen analysts for the quarter was for earnings of $1.12 per share. Wall Street expected results to range from $1.05  to $1.19 per share.

Revenue rose 6.2% to $570.85 million from a year ago; analysts expected $570.13 million.

Synovus Financial Corp's reported EPS for the quarter was $1.30​.

The company reported quarterly net income of $183.69 million.

Synovus Financial Corp shares had fallen by 12.4% this quarter and lost 20.0% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 3.3% in the last three months.​

In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Synovus Financial Corp is $59.00

This summary was machine generated from LSEG data April 16 at 10:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
1.12
1.30
Beat
Dec. 31 2024
1.15
1.25
Beat
Sep. 30 2024
1.09
1.23
Beat
Jun. 30 2024
0.86
1.16
Beat