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Dec 31, 2021
Synovus Q4 2021 Earnings Report
Reported diluted earnings per share of $1.31 and adjusted diluted earnings per share of $1.35, driven by broad-based loan growth.
Key Takeaways
Synovus Financial Corp. reported a strong fourth quarter in 2021, with diluted earnings per share of $1.31 and adjusted diluted earnings per share of $1.35. The company experienced broad-based loan growth and continued growth in fee income businesses.
Net income available to common shareholders was $192.1 million, or $1.31 per diluted share.
Adjusted earnings per diluted share were $1.35, up 12% quarter over quarter and 25% year over year.
Period-end loan growth was $1.4 billion, or 4% quarter over quarter, excluding the reduction in PPP loans.
Period-end deposit growth was $1.7 billion, or 4% from the third quarter.
Forward Guidance
Synovus is well-positioned to deliver outsized growth in 2022 and beyond, driven by strong momentum, strategic investments in talent and technology.
Positive Outlook
- Record levels of loan production
- Continued growth in fee income businesses
- Disciplined expense management
- Strategic investments in talent
- Strategic investments in technology
Historical Earnings Impact
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Avg. Return Before/After Earnings
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