05:26 PM EDT, 04/17/2024 (MT Newswires) -- Synovus Financial ( SNV ) reported adjusted Q1 earnings late Wednesday of $0.79 per diluted share, down from $1.33 a year earlier.

Analysts polled by Capital IQ expected $0.99.

Revenue, expressed as the sum of total net interest income and noninterest income, fell to $537.7 million in the three months ended March 31 from $613.9 million a year earlier.

Analysts surveyed by Capital IQ expected $547.5 million.

Shares of the company fell 5.8% in recent after-hours trading.