Synovus Financial Full Year 2022 Earnings: In Line With Expectations
Synovus Financial (NYSE:SNV) Full Year 2022 Results
Key Financial Results
Revenue: US$2.12b (up 1.6% from FY 2021).
Net income: US$724.7m (flat on FY 2021).
Profit margin: 34% (in line with FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Synovus Financial Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 4.7% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Synovus Financial's balance sheet health.
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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