---
schema_version: "secwatch.filing_event.v1"
accession: "0000018349-24-000068"
form_type: "8-K"
ticker: null
cik: "0000018349"
company_name: "SYNOVUS FINANCIAL CORP"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:48:41.553863+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000018349-24-000068
- form_type: 8-K
- cik: 0000018349
- company_name: SYNOVUS FINANCIAL CORP
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18349/000001834924000068/0000018349-24-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18349/000001834924000068/syn-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000018349-24-000068
- JSON: https://secwatch.observer/filing/0000018349-24-000068.json
- Plain text: https://secwatch.observer/filing/0000018349-24-000068.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/18349/000001834924000068/0000018349-24-000068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.