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Sep 30
Synovus Q3 2025 Earnings Report
Synovus reported solid third-quarter results, driven by continued net interest margin expansion, strong non-interest revenue growth, and favorable credit trends.
Key Takeaways
Synovus Financial Corp. delivered strong third-quarter results, with significant growth in net income and revenue. The company saw an increase in diluted EPS and adjusted diluted EPS compared to the previous year, alongside healthy loan production and fee generation. Key financial metrics like net interest margin and return on assets also improved, indicating a robust performance despite the pending merger.
Diluted earnings per share increased by 13% to $1.33, and adjusted diluted earnings per share rose by 19% to $1.46 compared to 3Q24.
Total revenue grew by 9% year-over-year to $615.39 million, driven by both net interest income and non-interest revenue expansion.
Net income available to common shareholders increased by 9% to $185.59 million.
Total loans increased by 1% year-over-year to $43.75 billion, with notable growth in Commercial & Industrial and Commercial Real Estate segments.
Synovus
Synovus
Synovus Revenue by Segment
Revenue by Segment
Commercial & Industrial Revenue
CapyFin.comCommercial Real Estate Revenue
CapyFin.comConsumer Revenue
CapyFin.com Forward Guidance
Synovus anticipates continued momentum in the final quarter of 2025, with significant progress expected towards the merger with Pinnacle Financial Partners in Q1 2026. The company expects the merger to bring cost savings and synergies, but also acknowledges potential risks and uncertainties.
Positive Outlook
- Anticipated continued strength in loan production.
- Sustained momentum in fee generation.
- Growth in team member base.
- High confidence in continued momentum in the final quarter of the year.
- Progress towards closing the merger with Pinnacle Financial Partners in Q1 2026.
Challenges Ahead
- Risk that cost savings and synergies from the proposed transaction may not be fully realized or may take longer than anticipated.
- Potential disruption to Synovus’ business as a result of the merger announcement and pendency.
- Risk that the integration of businesses and operations will be materially delayed or more costly/difficult than expected.
- Failure to obtain necessary approvals by shareholders of Synovus or Pinnacle.
- Reputational risk and the reaction of customers, suppliers, employees, or other business partners to the proposed transaction.