NYSE$SNV
Synovus Financial Corp. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Synovus reported diluted earnings per share of $1.11 and adjusted diluted earnings per share of $1.08 for Q1 2022.
Synovus Financial Corp. reported strong execution against profitable growth objectives in Q1 2022, with 11% annualized loan growth and a 9% year-over-year increase in adjusted pre-provision net revenue. The company has increased its financial expectations for 2022.
- Net income available to common shareholders was $162.7 million, or $1.11 per diluted share.
- Adjusted diluted EPS was $1.08, primarily impacted by an increased provision for credit losses.
- Period-end loans increased by $857.2 million sequentially, and $1.05 billion, or 11.0% annualized, excluding Paycheck Protection program (PPP) loans.
- Core transaction deposits increased $405.0 million sequentially, or 4% annualized, driven by growth in non-interest bearing and savings deposits.
Headline financials
Revenue & EPS history
Synovus · Revenue · Quarterly
$225M
Revenue by segment
Synovus · $40.2B total across 3 segments · Q1 2022
- Commercial & Industrial$20.4B+3.3%50.7%
- Commercial Real Estate$11.1B+5.8%27.7%
- Consumer$8.67B+1.1%21.6%
Forward guidance
Synovus anticipates enhancing performance throughout the year while proactively pursuing new and expanded sources of revenue.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2022
+0.3%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+2.5%
Avg return
30 days after
55%
37 / 67 earnings
Positive
+18.0%
Q1 2020
Best reaction
-13.3%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | — | — | — | |
| Q3 2025 | -6.0% | -1.9% | -0.4% | |
| Q2 2025 | +1.9% | +12.7% | -6.5% | |
| Q1 2025 | +1.9% | +2.4% | +22.0% | |
| Q4 2024 | +1.0% | +1.6% | +2.9% | |
| Q3 2024 | +7.5% | +3.3% | +17.8% | |
| Q2 2024 | -1.0% | +1.0% | -4.6% | |
| Q1 2024 | -7.5% | -2.6% | +8.4% | |
| Q4 2023 | +3.6% | +8.5% | +3.6% | |
| Q3 2023 | -4.9% | -8.7% | +10.2% | |
| Q2 2023 | -2.8% | -3.9% | -10.1% | |
| Q1 2023 | +3.9% | +1.8% | -9.6% | |
| Q4 2022 | -3.2% | +3.0% | +11.0% | |
| Q3 2022 | -13.3% | -8.1% | -0.1% | |
| Q2 2022 | +0.7% | +1.5% | +11.7% | |
| Q1 2022 | -7.2% | -7.6% | -18.1% | |
| Q4 2021 | -3.7% | -2.5% | +1.7% | |
| Q3 2021 | +6.6% | — | — | |
| Q2 2021 | +4.1% | — | — | |
| Q1 2021 | -1.3% | — | — | |
| Q4 2020 | -1.1% | — | — | |
| Q3 2020 | +4.7% | — | — | |
| Q2 2020 | +12.3% | — | — | |
| Q1 2020 | +18.0% | — | — | |
| Q4 2019 | -9.3% | — | — | |
| Q3 2019 | -4.8% | — | — | |
| Q2 2019 | +2.1% | — | — | |
| Q1 2019 | +1.3% | — | — | |
| Q4 2018 | +1.5% | — | — | |
| Q3 2018 | -9.4% | — | — | |
| Q2 2018 | -9.2% | — | — | |
| Q1 2018 | +2.7% | — | — | |
| Q4 2017 | +1.8% | — | — | |
| Q3 2017 | -0.4% | — | — | |
| Q2 2017 | -1.9% | — | — | |
| Q1 2017 | +4.7% | — | — | |
| Q4 2016 | -1.6% | — | — | |
| Q3 2016 | +3.8% | — | — | |
| Q2 2016 | +1.5% | — | — | |
| Q1 2016 | +1.4% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | +0.5% | — | — | |
| Q2 2015 | +2.3% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | +4.0% | — | — | |
| Q2 2014 | +2.0% | — | — | |
| Q1 2014 | +1.2% | — | — | |
| Q4 2013 | -1.1% | — | — | |
| Q3 2013 | -2.4% | — | — | |
| Q2 2013 | +7.6% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q4 2012 | -5.9% | — | — | |
| Q3 2012 | +5.4% | — | — | |
| Q2 2012 | +2.0% | — | — | |
| Q1 2012 | +0.5% | — | — | |
| Q4 2011 | +3.4% | — | — | |
| Q4 2010 | +3.4% | — | — | |
| Q3 2011 | -2.6% | — | — | |
| Q2 2011 | +4.6% | — | — | |
| Q1 2010 | +0.8% | — | — | |
| Q1 2011 | +5.0% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q3 2009 | -4.7% | — | — | |
| Q3 2010 | -4.7% | — | — | |
| Q2 2010 | +0.0% | — | — | |
| Q2 2009 | +0.0% | — | — |
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