2023-07-20 00:44:20 ET
- Synovus press release ( NYSE: SNV ): Q2 Non-GAAP EPS of $1.16 beats by $0.01 .
- Revenue of $567.81M (+8.6% Y/Y) beats by $1.61M .
- Pre-provision net revenue of $260.6 million increased $20.0 million, or 8%, compared to the second quarter 2022.
- Total deposits increased $126.5 million sequentially and included remixing due to the rate environment.
- Preliminary CET1 ratio of 9.85% increased 8 bps sequentially.
- Provision for credit losses of $38.9 million increased $6.7 million sequentially and increased $26.2 million compared to the second quarter 2022.
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Synovus Non-GAAP EPS of $1.16 beats by $0.01, revenue of $567.81M beats by $1.61M