Synovus Financial Corp. Q1 2024 earnings miss estimates with EPS of $0.78, net income at $114.8M.
Synovus Financial Corp. (SNV) reported Q1 2024 earnings with EPS of $0.78, missing the estimated $0.99, and net income of $114.8M, significantly below the $149.6M estimate. Revenue was $537.7M, slightly below the $547.6M estimate. Net interest margin recorded at 3.04%. Total loans decreased by 1.7% year-over-year, while deposits showed a modest increase of 1.3%.
April 17, 2024
8 Articles