Synovus (SNV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Former BB&T and SunTrust branches, now Truist locations, as well as Synovus Financial Corp. branches, will limit activity to drive-thru lanes and make in-lobby consultations by appointment only as precautionary measures to prevent the spread of the novel coronavirus to customers or staff. "More and more, our clients are choosing to conduct their banking business through our drive-thrus, ATMs, contact centers and digital banking options during this challenging and uncertain situation, so this decision was a natural next step," said Brant Standridge, head of Truist Retail Community Banking, in a statement. The change at Truist will go into effect Saturday, March 21.

Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended March 31, 2020.

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When Pro Energy owner Clemente Cruz Sr. realized his company would have to lay off workers last month, his business partner responded, "In days, you're ripping apart something that took us years to build." Pro Energy, a Medley-based fuel distributor founded by Cruz in 2000, had 158 people on payroll in early March, before the coronavirus pandemic shut down the economy. Demand for fuel plummeted after social distancing guidelines and stay-at-home orders set off widespread closures, Cruz said.

Synovus (SNV) delivered earnings and revenue surprises of -32.26% and 3.93%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Shares of Synovus Financial (NYSE:SNV) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 78.57% year over year to $0.21, which may not compare to the estimate of $0.57.Revenue of $477,117,000 higher by 0.12% year over year, which beat the estimate of $458,240,000.Outlook Synovus Finl hasn't issued any earnings guidance for the time being.Synovus Finl hasn't issued any revenue guidance for the time being.Details Of The Call Date: Apr 24, 2020View more earnings on SNVTime: 09:00 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/synovus/mediaframe/37150/indexr.htmlPrice Action 52-week high: $40.3252-week low: $10.91Price action over last quarter: down 52.96%Company Overview Synovus Financial operates dozens of community banks throughout Georgia, Alabama, Florida, Tennessee, and South Carolina. Concentrating in commercial loans and commercial real estate, the bank uses its small-town image to establish strong relationships with its small-business customers.See more from Benzinga * First Hawaiian: Q1 Earnings Insights * Recap: Triton International Q1 Earnings * Barnes: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Q1 2020 Synovus Financial Corp Earnings Call

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Synovus Financial Corp. (NYSE: SNV) announced today that its 2020 Annual Meeting of Shareholders will be held in an online-only, virtual meeting format, due to the escalating nature of the coronavirus (COVID-19) pandemic and in the interest of public health, shareholders will not be able to attend the Annual Meeting in person. The previously announced date and time of the Annual Meeting — Wednesday, April 22, 2020, at 10:00 a.m., Eastern Time — has not changed.

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Synovus Financial Corp. (NYSE: SNV) will announce first quarter 2020 results on Friday, April 24, 2020. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET.

National and regional banks are emphasizing drive-through and mobile services to encourage social distancing.

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Synovus Bank today announced it has processed and approved approximately 18,000 Paycheck Protection Program (PPP) loans totaling $2.9 billion as of May 5. The bank processed approximately 8,300 loans totaling $2 billion from April 3 to April 16, when the first round of funding was exhausted, and processed approximately 9,800 loans totaling $900 million beginning April 27, following the restoration of PPP funding. The funding provided by Synovus through PPP will support businesses that employ more than 335,000 individuals across the bank’s five-state footprint.