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Dec 31, 2020
Synovus Q4 2020 Earnings Report
Reported diluted earnings per share of $0.96 and adjusted diluted earnings per share of $1.08.
Key Takeaways
Synovus Financial Corp. reported net income available to common shareholders of $142.1 million, or $0.96 per diluted share, for the fourth quarter of 2020. Adjusted earnings per diluted share were $1.08. Period-end deposit growth of $2.03 billion or 5% from the third quarter. Net interest income of $385.9 million increased $8.9 million or 2% sequentially.
Net income available to common shareholders was $142.1 million or $0.96 per diluted share as compared to $83.3 million or $0.56 in the prior quarter.
Adjusted earnings per diluted share of $1.08, up 22% sequentially and 15% year-over-year.
Period-end deposit growth of $2.03 billion or 5% from the third quarter.
Net interest income of $385.9 million increased $8.9 million or 2% sequentially.
Synovus
Synovus
Synovus Revenue by Segment
Revenue by Segment
Commercial & Industrial loans Revenue
CapyFin.comCommercial real estate loans Revenue
CapyFin.comConsumer loans Revenue
CapyFin.com Forward Guidance
In the year ahead, Synovus expects its Synovus Forward initiatives to produce additional revenue opportunities, expense savings, and efficiencies that will further strengthen the bank.
Revenue & Expenses
Visualization of income flow from segment revenue to net income