Synovus Q3 revenue and adjusted EPS beat estimates

Reuters
2025/10/16
Synovus Q3 revenue and adjusted EPS beat estimates

Overview

  • Synovus Q3 2025 revenue beats analyst expectations, driven by strong non-interest revenue growth

  • Adjusted EPS for Q3 2025 beats consensus

Outlook

  • Synovus expects momentum to continue in the final quarter of 2025

  • Synovus anticipates merger with Pinnacle to close in Q1 2026

  • Company plans to issue 2026 pro forma guidance post-merger

Result Drivers

  • NET INTEREST MARGIN EXPANSION - Driven by higher loan yields and hedge maturities, partially offset by higher cash balances

  • NON-INTEREST REVENUE GROWTH - Driven by wealth revenue and capital markets income, contributing to overall revenue increase

  • STRONG CREDIT PERFORMANCE - Improved non-performing asset and net charge-off ratios

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$615.39 mln

$604.67 mln (13 Analysts)

Q3 Adjusted EPS

Beat

$1.46

$1.35 (18 Analysts)

Q3 EPS

$1.33

Q3 Adjusted Net Income

Beat

$203.93 mln

$189.75 mln (14 Analysts)

Q3 Net Interest Income

$474.69 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

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

  • Wall Street's median 12-month price target for Synovus Financial Corp is $58.00, about 17.5% above its October 14 closing price of $47.84

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw7KpRxPa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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