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FX.co ★ Synovus Financial Q2 Earnings Summary

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typeContent_19130:::2024-07-17T22:21:00

Synovus Financial Q2 Earnings Summary

**Earnings Highlights for Synovus Financial (SNV):**

- **Earnings:** Synovus Financial recorded a net loss of $23.7 million in Q2, compared to a net income of $165.8 million in the same period last year.

- **Earnings Per Share (EPS):** The EPS stood at -$0.16 in Q2, down from $1.13 in the same period last year.

- **Adjusted Earnings:** Excluding certain items, Synovus Financial reported adjusted earnings of $169.61 million, or $1.16 per share, for the period. This surpasses analysts' projections, which estimated an EPS of $0.86.

- **Revenue:** The company generated $306.14 million in revenue in Q2, a sharp decline from $567.8 million in the same quarter last year.

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