Synovus Q4 results reflect loan growth [Seeking Alpha]
Synovus Financial Corp. (SNV)
Last synovus financial corp. earnings: 4/24 06:30 am
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Source: Seeking Alpha
Synovus Q4 results reflect loan growthSynovus Financial (NYSE:SNV)Q4 adjusted EPS of 92 cents comes in a penny shy of consensus estimate; compares with 95 cents in Q3 and 72 cents in Q4 2017.Increased quarterly common stock dividend by 20% to 30 cents per share from 25 cents.Sees buying back $300M-$350M of stock during 2019.Total loans ended the quarter at $25.95B, up 5.7% from the previous quarter, with commercial and industrial loans up 8.8% annualized, consumer loan growth of 15%, and commercial real estate loans down 8.7%.Q4 net interest income of $297.9M vs. $291.6M in Q3 and $269.7M in the year-ago quarter; net interest margin of 3.92%, up 3 basis points from Q3.Q4 provision for loan losses of $12.1M vs. $15.0M in Q3 and $8.57M in Q4 2017.Return on average common equity 14.25% annualized vs. 13.95% in Q3 and 3.76% in Q4 2017.Book value per common share of $25.36 at Dec. 31, 2018 vs. $24.38 at Sept. 30, 2018 and $23.85 at Dec. 31, 2017.Previously:Synovus misses by $0.01, misses o
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News
- AI won't have 'huge' effect on Big Tech earnings: Strategist [Yahoo! Finance]Yahoo! Finance
- Synovus Financial Corp. (NYSE: SNV) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $37.00 price target on the stock.MarketBeat
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at Truist Financial Co. from $45.00 to $39.00. They now have a "buy" rating on the stock.MarketBeat
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at Royal Bank of Canada from $44.00 to $41.00. They now have an "outperform" rating on the stock.MarketBeat
- Synovus Financial Corp. (NYSE: SNV) had its price target lowered by analysts at Piper Sandler from $46.00 to $42.00. They now have an "overweight" rating on the stock.MarketBeat
SNV
Earnings
- 4/17/24 - Miss
SNV
Sec Filings
- 4/26/24 - Form 8-K
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- SNV's page on the SEC website