Synovus Financial (SNV) Reports In-Line Q3 EPS; Approves $300M Common Stock Buyback Plan

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Go back to Synovus Financial (SNV) Reports In-Line Q3 EPS; Approves $300M Common Stock Buyback Plan

Synovus Announces Earnings for Third Quarter 2015, $300 Million Stock Repurchase Program, and 20% Increase in Quarterly Common Stock Dividend

October 20, 2015 6:30 AM EDT

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended September 30, 2015.

Third Quarter Highlights

Net income available to common shareholders for the third quarter of 2015 was $55.4 million or $0.42 per diluted share as compared to $53.2 million or $0.40 per diluted share for the previous quarter and $44.2 million or $0.32 per diluted share for the third quarter 2014. Diluted EPS increased 32.2% as compared to the third quarter 2014; adjusted diluted EPS increased 14.6% as compared to the third quarter 2014. Total loans... More