Synovus Announces Earnings for the Fourth Quarter 2020

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Go back to Synovus Announces Earnings for the Fourth Quarter 2020

Synovus Financial (SNV) Tops Q4 EPS by 28c, Revenues Beat

January 26, 2021 6:34 AM EST

Synovus Financial (NYSE: SNV) reported Q4 EPS of $1.08, $0.28 better than the analyst estimate of $0.80. Revenue for the quarter came in at $501.51 million versus the consensus estimate of $482.73 million.

Fourth Quarter 2020 Highlights

Net income available to common shareholders was $142.1 million or $0.96 per diluted share as compared to $83.3 million or $0.56 in the prior quarter.Adjusted earnings per diluted share of $1.08, up 22% sequentially and 15% year-over-year.Period-end loan decline of $1.30 billion or 3% sequentially.Loans declined by $700 million or 2% from the third quarter, excluding PPP forgiveness of $540 million or $516 million, net of unearned fees, and... More