Published on 17 Apr 2024 on GuruFocus.com via Yahoo Finance
Synovus Financial Corp (SNV) Q1 2024 Earnings Analysis: Challenges Amidst Strategic Progress
Earnings Per Share (EPS): Reported EPS of $0.78, falling short of the estimated $0.99.Net Income: Achieved $114.8 million, significantly below the estimated $149.60 million.Revenue: Posted $537.73 million, slightly below the estimated $547.63 million.Net Interest Margin: Recorded at 3.04%, indicating a compression from previous quarters.Loan and Deposit Dynamics: Total loans decreased by 1.7% year-over-year, while deposits showed a modest increase of 1.3%.
Warning! GuruFocus has detected 6 Warning Sign with SNV.
