Synovus Financial (NYSE: SNV) reported Q3 EPS of $0.65, in-line with the analyst estimate of $0.65.

“Our third quarter results reflect solid execution and steady progress toward achieving our strategic priorities,” said Synovus Chairman and CEO Kessel Stelling. “Adjusted earnings per share increased 25% year-over-year, adjusted return on assets increased to 1.05%, and our efficiency ratio declined to below 59%. We strengthened our balance sheet with diversified year-over-year average loan growth of 6% funded by core deposit growth, and we saw the non-performing loan ratio decline 24 basis points to 0.40%. We were also pleased to close the Cabela’s transaction, which provided additional liquidity to fund organic growth and enabled the acceleration of additional balance sheet restructuring actions with longer term financial benefit. Our team is highly energized as we prepare to finish strong in 2017 and fully transition to a unified Synovus brand in 2018, with all of our efforts aimed at improving the customer experience in the communities we serve throughout our footprint.”

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