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Synovus (SNV)
NYSE:SNV
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Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.1Last Year’s EPS
0.79Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -3.13%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook, with significant growth in adjusted EPS, strong capital position, and improvements in net charge-offs. However, challenges such as a decline in noninterest revenue from the previous quarter and increased nonperforming loans were noted. Overall, the highlights of growth and stability outweigh the lowlights, indicating a positive sentiment.Company Guidance
During the Synovus third quarter 2024 earnings call, CEO Kevin Blair provided detailed guidance on the company's financial performance and future outlook. Synovus reported GAAP earnings per share of $1.18, with adjusted diluted EPS at $1.23, marking a 6% sequential increase. Key financial metrics included a year-over-year adjusted revenue growth of over 2%, driven by a 15% rise in adjusted noninterest revenue and a 1% decline in adjusted noninterest expenses. The net interest margin expanded by 2 basis points to 3.22%, while net charge-offs improved to 25 basis points. The company bolstered its common equity Tier 1 ratio to 10.65%, the highest in nine years, and completed $100 million in share repurchases. For the fourth quarter, Synovus anticipates stable net interest margins, with adjusted revenue expected between $560 million and $575 million. The company also projects continued core deposit growth and disciplined expense management, with an adjusted noninterest expense forecast of $305 million to $310 million. Net charge-offs are expected to remain within a 25-35 basis point annualized range. The guidance reflects a focus on maintaining strong capital and liquidity positions while navigating a potential easing cycle and preparing for a more constructive growth environment in 2025.Adjusted Earnings Per Share Growth
Synovus reported an adjusted diluted EPS of $1.23, marking a 6% sequential increase, driven by stronger net interest income and lower provision for credit losses.
Net Interest Margin Improvement
The net interest margin expanded by 2 basis points to 3.22%, contributing to a 1% increase in net interest income from the previous quarter.
Core Deposit Growth
Core deposit balances rose by $295 million or 1% on a linked quarter basis, with noninterest-bearing deposits showing more stability.
Strong Capital Position
The common equity Tier 1 ratio reached 10.65%, the highest in nine years, supported by solid earnings accretion and share repurchases.
Adjusted Noninterest Revenue Growth
Year-over-year adjusted noninterest revenue increased by 15%, driven by growth in commercial sponsorship income and treasury and payment solutions fees.
Reduction in Net Charge-Offs
Net charge-offs improved to 25 basis points from 32 basis points in the previous quarter, indicating better asset quality.
Recognition and Awards
Synovus received national recognition for corporate culture, innovation, and client service, including being named #6 in American Banker's top 20 banks on reputation.
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SNV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 15, 2025 | $55.98 | $54.23 | -3.13% |
| Oct 16, 2024 | $48.00 | $50.47 | +5.15% |
| Jul 17, 2024 | $44.73 | $44.27 | -1.03% |
| Apr 17, 2024 | $35.67 | $33.02 | -7.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Synovus (SNV) report earnings?
Synovus (SNV) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Synovus (SNV) earnings time?
Synovus (SNV) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNV EPS forecast?
SNV EPS forecast for the fiscal quarter 2025 (Q1) is 1.1.
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