Net income available to common shareholders jumped 60% YoY to $183.7 million, or $1.30 per diluted share, compared to $114.8 million, or $0.78 per share, in the same quarter last year. The company attributed the strong performance to a 67% YoY growth in earnings per share, fueled by net interest margin expansion, lower provision for credit losses, and effective expense management. Synovus reported a net interest margin of 3.35%, up 31 basis points from 3.04% in the first quarter of 2024. The provision for credit losses decreased significantly to $10.9 million, down 80% from $54.0 million in the year-ago quarter. "We delivered 67% year-over-year earnings per share growth, fueled by net interest margin expansion, a lower provision for credit losses and excellent expense management," said Synovus Chairman, CEO and President Kevin Blair. Total loans stood at $42.65 billion, down 2% YoY, while total deposits increased 1% YoY to $50.84 billion.