Synovus Monetary (SNV) reported $564.72 million in income for the quarter ended September 2024, representing a year-over-year enhance of two.6%. EPS of $1.23 for a similar interval compares to $0.84 a 12 months in the past.
The reported income compares to the Zacks Consensus Estimate of $557.26 million, representing a shock of +1.34%. The corporate delivered an EPS shock of +12.84%, with the consensus EPS estimate being $1.09.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers challenge a inventory’s worth efficiency extra precisely.
Right here is how Synovus carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Web curiosity margin, taxable equal: 3.2% versus the six-analyst common estimate of three.2%.
- Effectivity ratio – TE: 55.4% versus 55.2% estimated by six analysts on common.
- Web Cost-Offs / Common Loans – Quarter: 0.3% versus 0.3% estimated by 5 analysts on common.
- Common Steadiness – Complete curiosity incomes property: $54.56 billion versus $54.93 billion estimated by 5 analysts on common.
- Non-performing Loans (NPLs): $312.96 million versus $262.06 million estimated by three analysts on common.
- Non-performing Property (NPAs): $313.35 million versus the three-analyst common estimate of $263.28 million.
- Complete non-interest income: $123.98 million versus $119.83 million estimated by six analysts on common.
- Web Curiosity Revenue: $440.74 million versus $439.94 million estimated by 5 analysts on common.
- Web curiosity earnings taxable equal: $442.13 million versus the five-analyst common estimate of $439.08 million.
- Mortgage banking earnings: $4.03 million versus $4.13 million estimated by three analysts on common.
- Capital markets earnings: $10.28 million versus $8.66 million estimated by three analysts on common.
- Brokerage income: $20.81 million versus $20.26 million estimated by three analysts on common.
View all Key Company Metrics for Synovus here>>>
Shares of Synovus have returned +5.7% over the previous month versus the Zacks S&P 500 composite’s +3.5% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out in step with the broader market within the close to time period.
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Synovus Financial Corp. (SNV) : Free Stock Analysis Report
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