- Synovus expects its fourth-quarter adjusted revenue to range between $565 million and $575 million, slightly above the estimate of $565.2 million.
- The company’s common equity Tier 1 (CET1) ratio is projected to be about 10.8%, higher than the estimated 10.6%.
- Synovus anticipates a net charge-offs ratio between 0.25% and 0.35% for the fourth quarter, with the estimate being 0.31%.
- The net interest margin (NIM) is expected to remain stable or slightly increase in the fourth quarter.
- A share buyback of approximately $50 million is planned for the fourth quarter.
- For the full year 2024, adjusted revenue is expected to decrease by about 2% year-over-year, incorporating an anticipated 25 basis point rate cut in December.
- In 2025, adjusted revenue is projected to grow between 3% and 7%.
- The net charge-offs rate is expected to remain relatively stable in the first half of 2025 compared to the full year 2024.
- The CET1 ratio is projected to remain relatively stable in 2025.
- Expense growth of 3% to 7% is envisaged for 2025.
- Currently, the company’s stock receives 10 buy ratings, 6 hold ratings, and no sell ratings.
A look at Synovus Financial Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 4 | |
Dividend | 4 | |
Growth | 3 | |
Resilience | 3 | |
Momentum | 5 | |
OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma’s Smart Scores, Synovus Financial shows a promising long-term outlook. With a strong momentum score of 5, the company seems to be on an upward trajectory. This indicates that Synovus Financial‘s stock price has been performing well and is expected to continue this positive trend.
Furthermore, Synovus Financial scores well in value and dividend categories with scores of 4. This suggests that the company is considered undervalued and offers good dividend payouts to investors. Although growth and resilience scores are not as high at 3, Synovus Financial‘s overall outlook appears positive based on the Smart Scores analysis.
Summary: Synovus Financial Corp. is a financial services holding company that offers various financial services, including commercial and retail banking, and investment services. Operating in states like Georgia, Alabama, South Carolina, Florida, and Tennessee, Synovus Financial is positioned to provide a range of financial solutions to its customers.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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