Synovus: Q1 Earnings Snapshot

COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Synovus Financial Corp. (SNV) on Wednesday reported first-quarter profit of $202.2 million.

The Columbus, Georgia-based bank said it had earnings of $1.32 per share. Earnings, adjusted for non-recurring costs, came to $1.33 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The holding company for Synovus Bank posted revenue of $850 million in the period. Its revenue net of interest expense was $613.9 million, also topping Street forecasts. Six analysts surveyed by Zacks expected $595.9 million.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SNV at

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