Synovus Q1 net income $124.5M, down 38% YoY; EPS $0.78 vs $1.32

SYNOVUS FINANCIAL CORP

2024-Q1 EPS reported $0.78 revenue$214,993,000

Net income $124.5M ($0.78 diluted EPS) vs $202.2M ($1.32) in Q1 2023, down 38% YoY.
Net interest income $418.8M, down 13% YoY; net interest margin 3.04% vs 3.43% a year ago.
Provision for credit losses $54M, up 68% YoY; net charge-offs $44.4M vs $18.6M.
Non-performing loans $350M, up 92% YoY; NPL/loans ratio 0.81% vs 0.41%.
CET1 ratio 10.38%, tangible book value $27.03 per share.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SYNOVUS FINANCIAL CORP reported financial results for three month period ended March 31, 2024.

Period: three month period ended March 31, 2024
Result: reported results

Exact text from the filing

On April 17, 2024 , Synovus Financial Corp. (the "Company") issued a press release announcing the Company’s financial results for the three month period ended March 31, 2024.

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Source: SEC EDGAR

accession 0000018349-24-000068

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