Synovus Financial Q1 2023 Earnings Report

Synovus Financial EPS Results

• Actual EPS: $1.33
• Consensus EPS: $1.22
• Beat/Miss: Beat by +$0.11
• One Year Ago EPS: $1.08

Synovus Financial Revenue Results

• Actual Revenue: $613.90 million
• Expected Revenue: $589.40 million
• Beat/Miss: Beat by +$24.50 million
• YoY Revenue Growth: +23.10%

Synovus Financial Announcement Details

• Quarter: Q1 2023
• Date: 4/19/2023
• Time: Before Market Opens

Synovus Financial (NYSE:SNV) operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services. Its consumer banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; internet-based banking services; and bank credit and debit card services, including Visa and MasterCard services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, trust management, and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia.