MicroStockHub
- Bank holding company Synovus Financial (NYSE:SNV) expects its Q3 adjusted revenue to be in the range of $555M to $560M, vs. $567.1M consensus.
- The regional lender said its Q3 net interest income will be impacted by the muted loan growth environment and the expected Federal Reserve rate cut.
- The overall average asset yields and deposit costs are estimated to remain stable, and the net interest margin is expected to be relatively flat from the prior quarter.
- Adjusted non-interest revenue should be between $115M and $120M, as the deal-related capital markets activity is expected to decline Q/Q.
