Overview
Synovus Q3 2025 revenue beats analyst expectations, driven by strong non-interest revenue growth
Adjusted EPS for Q3 2025 beats consensus
Outlook
Synovus expects momentum to continue in the final quarter of 2025
Synovus anticipates merger with Pinnacle to close in Q1 2026
Company plans to issue 2026 pro forma guidance post-merger
Result Drivers
NET INTEREST MARGIN EXPANSION - Driven by higher loan yields and hedge maturities, partially offset by higher cash balances
NON-INTEREST REVENUE GROWTH - Driven by wealth revenue and capital markets income, contributing to overall revenue increase
STRONG CREDIT PERFORMANCE - Improved non-performing asset and net charge-off ratios
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $615.39 mln | $604.67 mln (13 Analysts) |
Q3 Adjusted EPS | Beat | $1.46 | $1.35 (18 Analysts) |
Q3 EPS | $1.33 | ||
Q3 Adjusted Net Income | Beat | $203.93 mln | $189.75 mln (14 Analysts) |
Q3 Net Interest Income | $474.69 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 is $58.00, about 17.5% above its October 14 closing price of $47.84
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nBw7KpRxPa
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(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.)