Synovus reports Q2 adjusted EPS $1.48, consensus $1.25

Reports Q2 revenue $593.7M, consensus $585.99M. “Synovus (SNV) delivered impressive 28% year-over-year growth in adjusted earnings per share in the second quarter – an achievement driven by exceptional financial discipline, strategic execution and a steadfast commitment to operational excellence. Funded loan production surged 60% year over year, driving 8% annualized loan growth. Moreover, this quarter’s positive operating leverage further strengthened our top-quartile efficiency ratio and profitability. Credit quality improved across all categories, and our Common Equity Tier 1 capital ratio reached the highest level in our company’s history. Despite the continuing economic and global uncertainty, our performance reflects the strength of our strategy, resilience of our team and the trust of our clients. With this strong performance and conviction in our strategy, we’ve confidently raised our full-year 2025 earnings guidance,” said Synovus Chairman, CEO and President Kevin Blair.