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SNV

Synovus Financial Corp.

$29.54

Earnings Summary

Revenue
$551.3Mn
Net Profits
$194.75Mn
Net Profit Margins
35.33%

Highlights

Revenue:

Synovus Financial Corp.’s revenue jumped 10.29% since last year same period to $551.3Mn in the Q3 2022. On a quarterly growth basis, Synovus Financial Corp. has generated 5.48% jump in its revenue since last 3-months.

Net Profits:

Synovus Financial Corp.’s net profit jumped 4.27% since last year same period to $194.75Mn in the Q3 2022. On a quarterly growth basis, Synovus Financial Corp. has generated 9.38% jump in its net profits since last 3-months.

Net Profit Margins:

Synovus Financial Corp.’s net profit margin fell -5.45% since last year same period to 35.33% in the Q3 2022. On a quarterly growth basis, Synovus Financial Corp. has generated 3.7% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

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

EPS Estimate Current Quarter
1.31
EPS Estimate Current Year
1.31

Highlights

EPS Estimate Current Quarter:

Synovus Financial Corp.’s earning per share (EPS) estimates for the current quarter stand at 1.31 - a 2.34% jump from last quarter’s estimates.

EPS Estimate Current Year:

Synovus Financial Corp.’s earning per share (EPS) estimates for the current year stand at 1.31.

Key Ratios

Key ratios of the Synovus Financial Corp. post its Q4 2022 earnings

Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.16
Dividend Per Share (DPS)
0.34

Highlights

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 0.16.

Dividend Per Share (DPS):

Synovus Financial Corp. declared 0.34 dividend per share during the earnings announcement for Q4 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-08-02
1.09
1.17
7.34%
2022-11-02
1.28
1.34
4.69%
2022-05-03
1.01
1.08
6.93%

Company Information

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $53 billion in assets. Synovus provides commercial and retail banking, investment, and mortgage services through 289 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Bank, a wholly owned subsidiary of Synovus, has been recognized as one of the country's 'Most Reputable Banks' by American Banker and the Reputation Institute.

Organisation
Synovus Financial Corp.
Headquarters
1111 Bay Avenue, Columbus, GA, United States, 31901
Employees
5027
Industry
Finance
CEO
Kessel Stelling