Information Provided By:
News For SNV From the Last 2 Days
SNV
Apr 18, 2024 | 05:41 EDT
Reports Q1 revenue $537.73M, consensus $547.63M. An incremental $12.8M FDIC special assessment reduced first quarter reported and adjusted EPS by 7c. A $51M FDIC special assessment impacted fourth quarter 2023 reported and adjusted EPS by 26c. "Our first quarter results demonstrate tangible progress on our strategic priorities, including key commercial category loan and core deposit growth, client non-interest revenue growth and excellent operating expense control. We remain focused on raising the bar on service and deepening client relationships, all while building a more risk-resilient bank, which was evidenced by our highest common equity tier 1 capital ratios in several years and an over 30% decline in wholesale funding versus last year," said Synovus Chairman, CEO and President Kevin Blair.