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.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNV at https://www.zacks.com/ap/SNV
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