Earnings Summary

Synovus Financial Corp.’s revenue jumped 26.48% since last year same period to $672.39Mn in the Q2 2024. On a quarterly growth basis, Synovus Financial Corp. has generated -25.3% fall in its revenue since last 3-months.

Synovus Financial Corp.’s net profit fell -108.06% since last year same period to $-14.03Mn in the Q2 2024. On a quarterly growth basis, Synovus Financial Corp. has generated -111.27% fall in its net profits since last 3-months.

Synovus Financial Corp.’s net profit margin fell -106.37% since last year same period to -2.09% in the Q2 2024. On a quarterly growth basis, Synovus Financial Corp. has generated -115.08% fall in its net profit margins since last 3-months.

Synovus Financial Corp.’s price-to-earnings ratio after this Q2 2024 earnings stands at 28.7.

Synovus Financial Corp.’s earning per share (EPS) estimates for the current quarter stand at 1.07 - a 24.42% jump from last quarter’s estimates.

Synovus Financial Corp.’s earning per share (EPS) estimates for the current year stand at 1.07.

Synovus Financial Corp.’s earning per share (EPS) jumped 0% since last year same period to 1.16 in the Q2 2024. This indicates that the Synovus Financial Corp. has generated 0% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Synovus Financial Corp.’s return on assets (ROA) stands at 0.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Synovus Financial Corp.’s return on equity (ROE) stands at 0.06.

Synovus Financial Corp. declared 0.38 dividend per share during the earnings announcement for Q2 2024.