Synovus: Q2 Earnings Snapshot
By AP News
Published - Jul 19, 2023, 05:51 PM ET
Last Updated - Jul 19, 2023, 05:51 PM EDT
COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Synovus Financial Corp. (SNV) on Wednesday reported second-quarter earnings of $174.1 million.
The Columbus, Georgia-based bank said it had earnings of $1.13 per share. Earnings, adjusted for non-recurring costs, were $1.16 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The holding company for Synovus Bank posted revenue of $871.4 million in the period. Its revenue net of interest expense was $567.8 million, missing Street forecasts. Seven analysts surveyed by Zacks expected $570.8 million.
