Synovus Financial Corp (SNV) Posts Q4 GAAP EPS of 78c

Synovus Financial Corp (NYSE: SNV) reported Q4 GAAP EPS of $0.78, which may not compare with the analyst estimate of ($0.09).

*** The fourth quarter results include an income tax benefit of approximately $800 million from the recapture of substantially all of the deferred tax asset valuation allowance. The recapture of the deferred tax asset drove the $0.89 increase in tangible book value per share during the quarter to $2.96.

For earnings history and earnings-related data on Synovus Financial Corp (SNV) click here.

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