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SNV

Synovus Financial Corp.

$37.36

Earnings Summary

Revenue
$900.18Mn
Net Profits
$124.51Mn
Net Profit Margins
13.83%
PE Ratio
12.64

Highlights

Revenue:

Synovus Financial Corp.’s revenue jumped 54.74% since last year same period to $900.18Mn in the Q1 2024. On a quarterly growth basis, Synovus Financial Corp. has generated 103.1% jump in its revenue since last 3-months.

Net Profits:

Synovus Financial Corp.’s net profit fell -38.41% since last year same period to $124.51Mn in the Q1 2024. On a quarterly growth basis, Synovus Financial Corp. has generated 77% jump in its net profits since last 3-months.

Net Profit Margins:

Synovus Financial Corp.’s net profit margin fell -60.2% since last year same period to 13.83% in the Q1 2024. On a quarterly growth basis, Synovus Financial Corp. has generated -12.85% fall in its net profit margins since last 3-months.

PE Ratio:

Synovus Financial Corp.’s price-to-earnings ratio after this Q1 2024 earnings stands at 12.64.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Synovus Financial Corp. post its latest quarter earnings

EPS Estimate Current Quarter
0.85
EPS Estimate Current Year
0.85

Highlights

EPS Estimate Current Quarter:

Synovus Financial Corp.’s earning per share (EPS) estimates for the current quarter stand at 0.85 - a -14.14% fall from last quarter’s estimates.

EPS Estimate Current Year:

Synovus Financial Corp.’s earning per share (EPS) estimates for the current year stand at 0.85.

Key Ratios

Key ratios of the Synovus Financial Corp. post its Q1 2024 earnings

Earning Per Share (EPS)
0.79
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.09
Dividend Per Share (DPS)
0.38

Highlights

Earning Per Share (EPS):

Synovus Financial Corp.’s earning per share (EPS) fell -40.6% since last year same period to 0.79 in the Q1 2024. This indicates that the Synovus Financial Corp. has generated -40.6% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

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 0.01.

Earning Per Share (EPS):

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 0.09.

Dividend Per Share (DPS):

Synovus Financial Corp. declared 0.38 dividend per share during the earnings announcement for Q1 2024.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2024-05-02
0.99
0.79
-20.2%