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Jun 30, 2022
Synovus Q2 2022 Earnings Report
Synovus's financial performance reflected efforts to expand client relationships and attract new business.
Key Takeaways
Synovus Financial Corp. reported second quarter results with revenues of $523 million, up 7% year-over-year, driven by double-digit loan growth and margin expansion. Net income available to common shareholders was $169.8 million, or $1.16 per diluted share. The company saw growth in core operating deposit relationships and non-interest bearing deposits.
Net income available to common shareholders was $169.8 million, or $1.16 per diluted share, up $0.05 sequentially and down $0.03 compared to prior year.
Adjusted diluted EPS was $1.17, up $0.09 sequentially and down $0.03 compared to prior year.
Total revenue of $522.7 million increased $33.7 million, or 7%, compared to prior year.
Period-end loans increased $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans.
Revenue by Segment
Forward Guidance
Synovus Financial Corp. is navigating the present environment while building an even stronger bank for the future.
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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