COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Synovus Financial Corp. (SNV) on Wednesday reported third-quarter net income of $181.6 million.
The bank, based in Columbus, Georgia, said it had earnings of $1.18 per share. Earnings, adjusted for one-time gains and costs, came to $1.23 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The holding company for Synovus Bank posted revenue of $934.5 million in the period. Its revenue net of interest expense was $564.7 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $557.3 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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