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Synovus Q2 Earnings Beat Estimates, Revenues Fall Y/Y - BOK Financial (NASDAQ:BOKF), Synovus Finl (NYSE:SNV)

Summary by Benzinga
Synovus Financial Corp. (NYSE: SNV) reported second-quarter 2024 adjusted earnings per share of $1.16, which surpassed the Zacks Consensus Estimate of 96 cents. Adjusted earnings were the same as that reported in the year-ago quarter. Results benefited from a fall in expenses and provisions for credit losses, along with strong capital ratios. However, a decline in net interest income (NII) and lower loan and deposit balances were major headwinds…

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