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Stock impact report

Synovus Announces Earnings for the First Quarter 2020

Synovus Financial Corp. (SNV) 
Last synovus financial corp. earnings: 4/24 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.synovus.com
Company Research Source: Business Wire
Diluted Earnings per Share of $0.20 vs. $0.72 in 1Q19  Adjusted Diluted Earnings per Share of $0.21 vs. $0.98 in 1Q19 COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2020.First Quarter 2020 HighlightsDiluted EPS of $0.20; adjusted diluted EPS of $0.21.Period-end loan growth of $1.10 billion sequentially, or 11.9% annualized.Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $623.0 million sequentially, or 10.4% annualized. Core interest-bearing deposit (NOW/savings, money market, and time deposit) costs in March down 26 bps from 4Q19, excluding purchase accounting adjustments (PAA).Net interest margin of 3.37% vs. 3.65% in 4Q19; 3.35% vs. 3.40% in 4Q19 for net interest margin excluding PAA.Non-interest revenue increased $5.9 million sequentially and $24.5 million year-over-year.Adoption of Current Expected Credit L Show less Read more
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