Synovus Financial Q1 Profit Increases, Beats Estimates
From Nasdaq: 2025-04-16 17:43:00
Synovus Financial reported a first quarter profit of $163.69 million, or $1.30 per share, beating Street estimates. This is an increase from last year’s earnings of $114.82 million, or $0.78 per share. Excluding items, adjusted earnings were $184.38 million or $1.30 per share, surpassing analysts’ expectations of $1.12 per share. The company’s revenue for the period rose 6.2% to $570.850 million from $537.734 million last year. Synovus Financial’s GAAP earnings show a positive trend in both earnings and revenue.
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