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Synovus (SNV)
NYSE:SNV
Earnings Data
Report Date
Jul 22, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.24Last Year’s EPS
1.16Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 16, 2025
|% Change Since: 2.57%
|Next Earnings Date:Jul 22, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong earnings growth, net interest margin expansion, and improved credit performance as key positives. However, the company faces challenges with increased negative sentiment among clients and potential impacts from tariffs and economic uncertainty. The decline in adjusted non-interest revenue also poses concerns.Company Guidance
During the Synovus First Quarter 2025 earnings call, the company provided robust guidance, highlighting several key metrics. Synovus reported a GAAP and adjusted earnings per share of $1.30, with adjusted earnings per share increasing by 4% from the previous quarter and 65% year-over-year. Excluding the FDIC special assessment, the adjusted earnings per share increased 53%. The company achieved a net interest margin of 3.35%, up 7 basis points from the prior quarter, driven by effective deposit repricing and a stable Fed funds environment. Loan growth was reported at $40 million for the quarter, with funded loan production reaching the highest level since Q4 2022. Net charge-offs declined to 20 basis points, and the adjusted return on tangible equity rose to 17.6%. Guidance for 2025 includes anticipated loan growth of 3% to 5% and core deposit growth of 3% to 5%, with an adjusted revenue growth outlook of 3% to 6%. The company also expects adjusted non-interest revenue between $485 million and $505 million and projects adjusted non-interest expense growth of 2% to 4%. Net charge-offs are expected to remain stable sequentially, and the tax rate is projected to be stable at 22%. Synovus emphasized its strategic initiatives and confidence in long-term growth, despite uncertainties arising from economic conditions and potential policy changes.Strong Earnings Growth
Synovus reported GAAP and adjusted earnings per share of $1.30, with adjusted earnings per share increasing 4% from the previous quarter and 65% year-over-year. Excluding the FDIC special assessment, adjusted earnings per share rose 53%.
Net Interest Margin Expansion
Net interest margin expanded to 3.35%, up 7 basis points from the previous quarter, driven by effective deposit repricing and a stable Fed funds environment.
Loan Production and Growth
Funded loan production was the highest since Q4 2022, leading to loan growth of $40 million. Lending momentum accelerated with 8% annualized growth in high-growth segments.
Improved Credit Performance
Net charge-offs declined to 20 basis points, with improvement in broad-based credit metrics. Non-performing loans improved to 0.67% of total loans.
Capital and Liquidity Position
Common equity Tier 1 ratio was 10.75% and total risk-based capital was 13.65%. The company also completed $120 million of share repurchases in Q1.
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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 |
|---|---|---|---|
| Apr 16, 2025 | $40.52 | $41.29 | +1.90% |
| Jan 15, 2025 | $55.52 | $53.79 | -3.12% |
| Oct 16, 2024 | $47.61 | $50.05 | +5.12% |
| Jul 17, 2024 | $44.36 | $43.91 | -1.01% |
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 Jul 22, 2025, TBA Not Confirmed.
What is Synovus (SNV) earnings time?
Synovus (SNV) earnings time is at Jul 22, 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 (Q2) is 1.24.
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