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Mar 31, 2025
Synovus Q1 2025 Earnings Report
Synovus reported a strong Q1 2025 with notable EPS and net income growth.
Key Takeaways
Synovus delivered a solid performance in Q1 2025, with 67% year-over-year EPS growth, stable net interest income, improved credit quality, and disciplined expense control contributing to strong profitability.
EPS rose to $1.30, up from $0.78 in Q1 2024.
Net income reached $183.7 million, a 60% increase from the prior year.
Credit losses dropped significantly, with the lowest net charge-off ratio in over three years.
Adjusted non-interest expenses remained flat year-over-year, showcasing tight cost discipline.
Revenue by Segment
Forward Guidance
Synovus expects stable loan growth and earnings performance through 2025, supported by high-growth verticals and effective expense management, despite macroeconomic uncertainty.
Positive Outlook
- Loan growth expected at 3%–6% for FY2025
- Core deposit growth projected at 2%–4%
- Adjusted revenue forecasted between $485M–$505M
- Expense control expected to hold Q2 adjusted expenses around $315M
- Net charge-offs expected to remain stable in Q2
Challenges Ahead
- Economic uncertainty may limit upper range of loan growth
- Pressure on non-interest income from weaker capital markets
- Interest rate volatility remains a risk factor
- Downward revision in CET1 ratio due to share repurchases
Historical Earnings Impact
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Avg. Return Before/After Earnings
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