The latest announcement is out from Synovus ( (SNV) ).
Synovus Financial Corp. reported a strong third quarter in 2024, with diluted earnings per share rising to $1.18 from $0.60 in the same quarter last year, highlighting robust fundamental trends. The company’s net interest margin expanded to 3.22% amid higher asset yields, and it posted a notable return on average assets at 1.3%. Synovus also achieved significant loan production growth and maintained strong core fee generation, while further de-risking its balance sheet, marking the highest preliminary CET1 ratio in nine years.
For an in-depth examination of SNV stock, go to TipRanks’ Stock Analysis page.
