Compared to Estimates, Synovus (SNV) Q1 Earnings: A Look at Key Metrics

Zacks
04-17

For the quarter ended March 2025, Synovus Financial (SNV) reported revenue of $571.67 million, up 6.3% over the same period last year. EPS came in at $1.30, compared to $0.79 in the year-ago quarter.

The reported revenue represents a surprise of +0.26% over the Zacks Consensus Estimate of $570.2 million. With the consensus EPS estimate being $1.11, the EPS surprise was +17.12%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Synovus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net interest margin, taxable equivalent: 3.4% versus 3.3% estimated by four analysts on average.
  • Efficiency ratio - TE: 53.8% versus the four-analyst average estimate of 55.2%.
  • Net Charge-Offs / Average Loans - Quarter: 0.2% compared to the 0.3% average estimate based on three analysts.
  • Average Balance - Total interest earning assets: $55.13 billion versus $55.65 billion estimated by three analysts on average.
  • Non-performing Loans (NPLs): $286.63 million versus $318.40 million estimated by two analysts on average.
  • Non-performing Assets (NPAs): $287.19 million versus the two-analyst average estimate of $319.15 million.
  • Total non-interest revenue: $116.47 million versus the four-analyst average estimate of $125.36 million.
  • Net interest income taxable equivalent: $455.96 million versus $449.53 million estimated by three analysts on average.
  • Net Interest Income: $454.38 million compared to the $443.94 million average estimate based on three analysts.
  • Card fees: $21.23 million compared to the $19.19 million average estimate based on two analysts.
  • Capital markets income: $6.94 million versus $10.83 million estimated by two analysts on average.
  • Brokerage revenue: $20.36 million versus $21.28 million estimated by two analysts on average.
View all Key Company Metrics for Synovus here>>>

Shares of Synovus have returned -12.1% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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