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Mar 31, 2021
Synovus Q1 2021 Earnings Report
Synovus reported strong financial performance in Q1 2021, driven by solid earnings, core transaction deposit growth, and strong credit quality.
Key Takeaways
Synovus Financial Corp. reported a net income available to common shareholders of $178.8 million, or $1.19 per diluted share, for the quarter ended March 31, 2021. The company saw an increase in period-end loans and core transaction deposits, while maintaining stable credit quality metrics.
Net income available to common shareholders was $178.8 million, or $1.19 per diluted share, up from $0.20 in 1Q20.
Adjusted diluted EPS was $1.21, up from $0.21 in 1Q20.
Period-end loans increased by $552.1 million, or 1% sequentially.
Core transaction deposits increased by $2.05 billion, or 6% sequentially.
Revenue by Segment
Forward Guidance
Synovus did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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