Synovus Financial Corp reports results for the quarter ended December 31 - Earnings Summary

• Synovus Financial Corp SNV.N reported quarterly adjusted earnings of $1.25​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of seventeen analysts for the quarter was for earnings of $1.15 per share. Wall Street expected results to range from $1.09 to $1.20 per share.

• Revenue rose 18.8% to $580.58 million from a year ago; analysts expected $566.59 million.

• Synovus Financial Corp's reported EPS for the quarter was $1.25​.

• The company reported quarterly net income of $178.85 million.

• Synovus Financial Corp shares had risen by 4.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Synovus Financial Corp is $63.00

This summary was machine generated from LSEG data January 16 at 12:08 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)