Synovus Q4 2019 Earnings Report

Synovus reported earnings for the fourth quarter and year ended December 31, 2019.

Key Takeaways

Synovus Financial Corp. reported a diluted EPS of $0.97 and an adjusted diluted EPS of $0.94 for Q4 2019. Period-end loan and deposit growth were $744.6 million and $972.4 million, respectively. The company repurchased $36.5 million in common stock during the quarter and the board approved a 10% increase in the quarterly common stock dividend.

Diluted EPS of $0.97; adjusted diluted EPS of $0.94, up 3.1% year-over-year.

Period-end loan growth of $744.6 million, or 8.1% annualized, from prior quarter on total funded loan production of $3.55 billion.

Period-end deposit growth of $972.4 million, or 10.3% annualized, from third quarter 2019.

Repurchased $36.5 million in common stock (1.1 million shares) during the quarter.