Synovus Financial Corp. (NYSE:SNV ) Q4 2024 Earnings Conference Call January 16, 2025 8:30 AM ET Company Participants Jennifer Demba - Head of Investor Relations Kevin Blair - Chairman, President and Chief Financial Officer Jamie Gregory - Executive Vice President and Chief Financial Officer Bob Derrick - Executive Vice President and Chief Credit Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Michael Rose - Raymond James Anthony Elian - JPMorgan Jared Shaw - Barclays Bernard Von Gizycki - Deutsche Bank Manan Gosalia - Morgan Stanley Stephen Scouten - Piper Sandler Christopher Marinac - Janney Montgomery Scott Catherine Mealor - KBW Nicholas Holowko - UBS Timur Braziler - Wells Fargo Gary Tenner - D.A. Davidson Operator Good morning, and welcome to the Synovus Fourth Quarter 2024 Earnings Call.
Although the revenue and EPS for Synovus (SNV) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Synovus Financial (SNV) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.80 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Synovus (SNV), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Synovus Financial Corp. SNV will release its fourth-quarter financial results, after the closing bell, on Wednesday, Jan. 15, 2025.
SNV Stock gains 31.5% in six months. Can the bank's focus on technological advancements and the Fed's recent rate cuts sustain this momentum?
Synovus (SNV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Synovus (SNV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Synovus Financial is managing interest rate volatility well, with net interest income growing despite no loan growth and increasing long-term debt. The Series E preferred shares are more attractive due to their fixed rate until 2029, offering stability amid projected rate cuts. Risks to the bank include high exposure to nonowner occupied commercial real estate and nonaccrual loans, potentially impacting future earnings.
Synovus (SNV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Does Synovus Financial (SNV) have what it takes to be a top stock pick for momentum investors? Let's find out.
Synovus Financial Corp. (NYSE:SNV ) Q3 2024 Earnings Conference Call October 17, 2024 8:30 AM ET Company Participants Jennifer Demba - Head of IR Kevin Blair - Chairman, President and CEO Jamie Gregory - CFO Bob Derrick - Chief Credit Officer Conference Call Participants Brandon King - Truist Jared Shaw - Barclays Timur Braziler - Wells Fargo Ebrahim Poonawala - Bank of America Chris Marinac - Janney Montgomery Scott Tony Elian - JP Morgan Samuel Varga - UBS Stephen Scouten - Piper Sandler Michael Rose - Raymond James Gary Tenner - D.A. Davidson Catherine Mealor - KBW Russell Gunther - Stephens Operator Good morning.