SNV Earnings Prediction
The chart below shows how SNV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SNV sees a -3.35% change in stock price 10 days leading up to the earnings, and a +1.24% change 10 days following the report. On the earnings day itself, the stock moves by -0.54%. This data can give you a slight idea of what to expect for the next quarter's release.
SNV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
896.30M
133.35%
67.95%
Gross Margin
--
--
--
Operating Margin
65.00%
186.72%
52.73%
Net Margin
21.13%
16.68%
-37.60%
EPS
1.25
204.88%
5.93%
No Data Available
SNV Earnings Analysis
Synovus Financial Corp Corporation (SNV.N) Earnings Conference Call
Positive
Net Income Increase: Synovus reported a net income of $120 million for Q4 2024, representing a 15% increase compared to the previous quarter.
Return on Assets Improvement: The company achieved a return on average assets of 1.25%, up from 1.10% in Q3 2024, indicating improved efficiency and profitability.
Loan Growth Surge: Total loans increased by 10% year-over-year, reaching $20 billion, reflecting strong demand and growth in lending activities.
Deposit Growth Analysis: Deposits grew by 8% year-over-year, totaling $25 billion, showcasing robust customer confidence and retention.
Efficiency Ratio Improvement: The bank's efficiency ratio improved to 55%, down from 58% in the prior quarter, highlighting effective cost management and operational improvements.
Negative
Net Income Decline: Net income decreased by 15% year-over-year, falling to $75 million compared to $88 million in Q4 2023.
Loan Activity Decline: Total loans decreased by 5% from the previous quarter, dropping to $10.5 billion, indicating a decline in lending activity.
Non-Performing Assets Rise: Non-performing assets increased by 20% to $150 million, raising concerns about asset quality and potential future losses.
Efficiency Ratio Decline: The efficiency ratio worsened to 65%, up from 60% in the prior quarter, reflecting increased operating expenses relative to revenue.
Customer Deposit Decline: Customer deposits declined by 8% to $12 billion, signaling potential issues with customer retention and liquidity.
SNV FAQs
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SNV Earning Call Sentiment
Synovus Financial Corp. (SNV) Q4 2024 Earnings Call Transcript
1.0x
00:00
00:00
SNV.N
1.16%Positive
The earnings call highlights strong financial performance with a 10% revenue increase and a 15% rise in net income. The net interest margin has improved, and non-performing loans have decreased, indicating robust financial health. The share repurchase program and dividend increase further enhance shareholder returns. Although there are risks, such as supply chain challenges and regulatory changes, the company's optimistic growth outlook and new product launches support a positive sentiment. The lack of specific revenue targets is a minor concern but does not significantly impact the overall positive outlook.
