Synovus Financial Shares Slip After 1Q Results Miss Estimates

Like
Comment
Favorite

Synovus Financial Shares Slip After 1Q Results Miss Estimates

Dow Jones04-18

Shares of Synovus Financial slid after the company reported first-quarter earnings and revenue that missed analyst projections.

The stock was down 2.5% at $35.70 in after-market trading. Shares closed Wednesday down 2.7% year to date.

The financial services firm, formerly known as Columbus Bank and Trust Company, posted a profit of $124.5 million, or 78 cents a share, compared with $193.9 million, or $1.32 a share, in the same quarter a year ago.

Stripping out one-time items, adjusted earnings were 79 cents a share. Analysts surveyed by FactSet had been expecting 99 cents a share.

Revenue fell to $537.7 million from $613.9 million in the year-ago quarter, below analyst forecasts for $547.6 million, according to FactSet.

Net interest income slipped 13% year over year because of lower average earnings assets and higher funding costs.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2428305399?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-18 10:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2428305399","market":"us","top_or_hot":-1,"title":"Synovus Financial Shares Slip After 1Q Results Miss Estimates","media":"Dow Jones","content":"<html><head></head><body><p>Shares of Synovus Financial slid after the company reported first-quarter earnings and revenue that missed analyst projections.</p><p>The stock was down 2.5% at $35.70 in after-market trading. Shares closed Wednesday down 2.7% year to date.</p><p>The financial services firm, formerly known as Columbus Bank and Trust Company, posted a profit of $124.5 million, or 78 cents a share, compared with $193.9 million, or $1.32 a share, in the same quarter a year ago.</p><p>Stripping out one-time items, adjusted earnings were 79 cents a share. Analysts surveyed by FactSet had been expecting 99 cents a share.</p><p>Revenue fell to $537.7 million from $613.9 million in the year-ago quarter, below analyst forecasts for $547.6 million, according to FactSet.</p><p>Net interest income slipped 13% year over year because of lower average earnings assets and higher funding costs.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Synovus Financial Shares Slip After 1Q Results Miss Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSynovus Financial Shares Slip After 1Q Results Miss Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 10:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Synovus Financial slid after the company reported first-quarter earnings and revenue that missed analyst projections.The stock was down 2.5% at $35.70 in after-market trading. Shares closed ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNV","symbol_name":"西诺乌斯金融","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428305399","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428305399","pubTimestamp":1713407201,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Synovus Financial slid after the company reported first-quarter earnings and revenue that missed analyst projections.The stock was down 2.5% at $35.70 in after-market trading. Shares closed Wednesday down 2.7% year to date.The financial services firm, formerly known as Columbus Bank and Trust Company, posted a profit of $124.5 million, or 78 cents a share, compared with $193.9 million, or $1.32 a share, in the same quarter a year ago.Stripping out one-time items, adjusted earnings were","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNV":"西诺乌斯金融","BK4211":"区域性银行"},"translate_title":"1Q业绩低于预期后Synovus Financial股价下跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNV":1},"content_text":"Shares of Synovus Financial slid after the company reported first-quarter earnings and revenue that missed analyst projections.The stock was down 2.5% at $35.70 in after-market trading. Shares closed Wednesday down 2.7% year to date.The financial services firm, formerly known as Columbus Bank and Trust Company, posted a profit of $124.5 million, or 78 cents a share, compared with $193.9 million, or $1.32 a share, in the same quarter a year ago.Stripping out one-time items, adjusted earnings were 79 cents a share. Analysts surveyed by FactSet had been expecting 99 cents a share.Revenue fell to $537.7 million from $613.9 million in the year-ago quarter, below analyst forecasts for $547.6 million, according to FactSet.Net interest income slipped 13% year over year because of lower average earnings assets and higher funding costs.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}