Synovus Financial (SNV) Tops Q2 EPS by 21c, Misses on Revenue

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Go back to Synovus Financial (SNV) Tops Q2 EPS by 21c, Misses on Revenue

Synovus announces earnings for second quarter 2024

July 17, 2024 5:03 PM EDT

Diluted earnings (loss) per share of $(0.16) vs. $1.13 in 2Q23

Adjusted diluted earnings per share of $1.16 vs. $1.16 in 2Q23

Securities loss of $257 million impacts 2Q24 EPS, adjusted EPS up 47% from 1Q24

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2024.

Our core second quarter results reflect a significant increase in earnings driven by margin expansion, strong fee income generation and reduced credit costs. Our focus remains firmly on execution... More