Loading...
•
Jun 30, 2021
Synovus Q2 2021 Earnings Report
Synovus's financial performance in Q2 2021 reflected solid earnings per share and revenue growth driven by net interest income, along with improved credit outlook and disciplined expense management.
Key Takeaways
Synovus Financial Corp. reported a net income available to common shareholders of $177.9 million, or $1.19 per diluted share, for the second quarter of 2021. Adjusted diluted EPS was $1.20. Revenue growth was driven by an increase in net interest income. The credit outlook improved, and the company remained focused on growth drivers while maintaining expense discipline.
Net income available to common shareholders was $177.9 million, or $1.19 per diluted share.
Adjusted diluted EPS was $1.20, up $0.97 compared to prior year.
Net interest income increased by $8.0 million sequentially, driven by asset growth and reduced deposit costs.
A reversal of provision for credit losses of $24.6 million was supported by a more positive economic outlook.
Revenue by Segment
Forward Guidance
Synovus expects sustained profitable growth, positive operating leverage, and higher returns as it progresses toward becoming a top quartile performing bank.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...