Synovus Financial (SNV) Tops Q3 EPS by 37c

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Go back to Synovus Financial (SNV) Tops Q3 EPS by 37c

Synovus Announces Earnings for the Third Quarter 2020

October 20, 2020 6:30 AM EDT

Diluted Earnings per Share of $0.56 vs. $0.83 in 3Q19

Adjusted Diluted Earnings per Share of $0.89 vs. $0.97 in 3Q19

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended September 30, 2020.

Third Quarter 2020 Highlights

Diluted EPS of $0.56; adjusted diluted EPS of $0.89. Non-cash goodwill impairment charge of $44.9 million, or $0.30 per share, driven by lower rate forecast impact to mortgage reporting unit. Period-end loan decline of $364.5 million or 1%... More