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Synovus sees FY24 revenue down 3% to up 1% vs. 2023

FY24 revenue growth guidance implies $2.20B-$2.29B, consensus $2.19B. Expects “stable overall fee income” in FY24. Sees Fy24 adjusted non-interest expense flat in 2024. Sees FY24 net interest margin expansion of about 20bps. Sees non-interest expense down 5% to up 1% in FY24.

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