Overview

* Synovus Q2 revenue beats analyst expectations, per LSEG data

* Adjusted EPS rises 28%, exceeding analysts' estimates, per LSEG data

* Co raises full-year 2025 earnings guidance, citing strategic confidence

Outlook

* Synovus raises full-year 2025 earnings guidance, without giving specific details

Result Drivers

* LOAN GROWTH - Funded loan production surged 60% year-over-year, driving 8% annualized loan growth, per CEO Kevin Blair

* CREDIT QUALITY - Improved credit quality across all categories, with non-performing loan and asset ratios improving, per company report

* NON-INTEREST REVENUE - Increase in non-interest revenue driven by higher core banking fees and wealth management income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $593.70 $585.80

Revenue mln mln (14

Analysts

)

Q2 Beat $1.48 $1.25

Adjusted (19

EPS Analysts

)

Q2 EPS $1.48

Q2 Net $459.56

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Synovus Financial Corp ( SNV ) is $58.00, about 8.8% above its July 16 closing price of $52.87

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)