Synovus Financial (SNV)
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Synovus Financial (SNV) - 2024 Q2 - Quarterly Results
2024-07-18 05:12
Synovus Exhibit 99.2 INCOME STATEMENT DATA (Unaudited) (Dollars in thousands, except per share data) Six Months Ended June 30, | --- | --- | --- | --- | --- | |-----------------------------------------------------------------|-----------|--------|--------------|------------| | | | | | '24 vs '23 | | | 2024 | | 2023 | % Change | | Interest income | 1,583,952 | | $ 1,476,022 | 7 % | | Interest expense | 730,108 | | 539,739 | 35 | | Net interest income | 853,844 | | 936,283 | (9) | | Provision for (reversal of ...
What Makes Synovus Financial (SNV) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-07-17 01:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Ahead of Synovus (SNV) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
ZACKS· 2024-07-12 22:21
Analysts on Wall Street project that Synovus Financial (SNV) will announce quarterly earnings of $0.96 per share in its forthcoming report, representing a decline of 17.2% year over year. Revenues are projected to reach $496.57 million, declining 12.6% from the same quarter last year.Over the last 30 days, there has been an upward revision of 2.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial for ...
Analysts Estimate Synovus Financial (SNV) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-07-10 23:05
The market expects Synovus Financial (SNV) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 17, 2024, might help the stock move higher if these key numbers are ...
Synovus' (SNV) Organic Expansion Drives Growth, High Costs Ail
ZACKS· 2024-06-25 22:30
Synovus Financial Corp.’s (SNV) emphasis on expanding its corporate, investment and middle-market commercial banking verticals is set to support its financials in the upcoming quarters. Balance sheet strength and strong liquidity position are other positives. However, escalating expenses due to investments in technology and a steady decline in mortgage banking income are near-term headwinds. SNV is committed to its organic growth strategy. The bank is focused on expanding its corporate and investment bankin ...
Synovus (SNV) Arm Ratings Affirmed by Moody's, Outlook Stable
ZACKS· 2024-06-07 23:21
Synovus Bank’s, the banking subsidiary of Synovus Financial Corp. (SNV) , ratings have been affirmed by Moody's Investors Service. The outlook remains stable. The bank’s long-term issuer rating has been affirmed at Baa3. Its long- and short-term local currency deposit ratings were maintained at A3 and Prime-2, respectively. The bank's Baseline Credit Assessment (BCA) and adjusted BCA of baa2, as well as its long- and short-term Counterparty Risk Ratings (in local and foreign currency) of Baa2 and Prime-2, w ...
Synovus Financial (SNV) - 2024 Q1 - Quarterly Report
2024-05-02 20:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q ______________________________ ☒ Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 Commission file number 1-10312 ______________________________ SYNOVUS FINANCIAL CORP. (Exact name of registrant as specified in its charter) ______________________________ Georgia 58-1134883 (State or other jurisdiction of (I.R.S. i ...
Synovus Financial (SNV) - 2024 Q1 - Earnings Call Transcript
2024-04-19 01:25
Synovus Financial Corp. (NYSE:SNV) Q1 2024 Earnings Call Transcript April 18, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of Investor Relations Kevin Blair - Chairman, President and CEO Jamie Gregory - CFO Robert Derrick - Chief Credit Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Ebrahim Poonawala - Bank of America Steven Alexopoulos - JP Morgan Catherine Mealor - KBW Gary Tenner - D.A. Davidson Jared Shaw - Wells Fargo Michael Rose - Raymond James Stephen Scouten - ...
Synovus Financial (SNV) - 2024 Q1 - Quarterly Results
2024-04-18 05:09
Synovus Exhibit 99.2 INCOME STATEMENT DATA (Unaudited) (Dollars in thousands, except per share data) 2024 2023 First Quarter Fourth Third Second First '24 vs '23 First Quarter Quarter Quarter Quarter Quarter % Change Interest income $ 782,710 788,297 786,039 759,143 716,879 9 % Interest expense 363,864 351,083 342,880 303,612 236,128 54 Net interest income 418,846 437,214 443,159 455,531 480,751 (13) Provision for (reversal of) credit losses 53,980 45,472 72,572 38,881 32,154 68 Net interest income after pr ...
Synovus Financial (SNV) - 2023 Q4 - Annual Report
2024-02-23 20:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-K _______________________ ☒ Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Commission file number 1-10312 _______________________ SYNOVUS FINANCIAL CORP. (Exact name of registrant as specified in its charter) _______________________ Georgia 58-1134883 (State or other jurisdiction of incorporation or organization) (I.R.S. Emp ...