Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Synovus (SNV)
NYSE:SNV
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.12Last Year’s EPS
0.79Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -0.79%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong earnings growth, effective cost management, and improved asset quality, which were offset by challenges in loan growth and anticipated margin pressure. Overall, the sentiment was positive as Synovus demonstrated robust financial performance and strategic investments for future growth.Company Guidance
During the Synovus Fourth Quarter 2024 earnings call, the company provided detailed guidance for 2025, highlighting key financial metrics and strategic initiatives. Synovus reported a fourth quarter EPS of $1.25, up 6% from the previous quarter, and an annual EPS of $3.03, with an adjusted EPS of $4.43. The company anticipates period-end loan growth of 3% to 6% and core deposit growth within the same range for 2025. Additionally, adjusted revenue is projected to grow by 3% to 7%, supported by a stable net interest margin (NIM) of mid-320 basis points in the first half, with expectations of expansion in the second half. The adjusted noninterest expense is expected to grow by 3% to 7%, driven by strategic investments. Synovus also plans to maintain a stable common equity Tier 1 (CET1) ratio, with a $400 million share repurchase program authorized for 2025. The company's focus remains on strategic growth through middle market and wealth management expansions, while maintaining disciplined cost control and leveraging capital to balance organic growth.Strong Earnings Performance
Synovus reported Q4 EPS of $1.25, up 6% from the previous quarter, and adjusted EPS rising 18% year-over-year.
Healthy Deposit Growth
Core deposits grew by 3% in Q4, with money market and operating deposits increasing across core commercial business lines.
Cost Management Success
Adjusted noninterest expense declined 3% year-over-year with an efficiency ratio of 54.33%.
Improved Asset Quality
Net charge-offs at 26 basis points, lower end of the expected range, and improved loan losses year-over-year.
Capital Strength
Common equity Tier 1 ratio increased 62 basis points to 10.84%.
---
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
---
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.
---
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 1.12.
---