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Synovus ( (SNV) ) has issued an announcement.
On January 15, 2025, Synovus announced its financial results for Q4 2024 and the full year. The company reported a significant increase in diluted earnings per share to $1.25 from $0.41 in the same quarter of the previous year, driven by relationship-building strategies and strict cost control. Despite a decline in net income and net interest income for the year, Synovus saw an improvement in credit quality and maintained a robust CET1 ratio. The company also experienced growth in core deposits and adjusted non-interest revenue, positioning itself for continued success in 2025.
More about Synovus
Synovus Financial Corp., listed on the NYSE as SNV, operates in the financial services industry, focusing on commercial lending, deposits, and fee-producing businesses.
YTD Price Performance: 5.57%
Average Trading Volume: 1,371,423
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.6B
See more insights into SNV stock on TipRanks’ Stock Analysis page.
