Synovus Financial (SNV) Reports In-Line Q4 EPS

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Go back to Synovus Financial (SNV) Reports In-Line Q4 EPS

Synovus Announces Earnings for the Fourth Quarter 2018 and a 20% Increase in Common Stock Dividend

January 15, 2019 6:30 AM EST

2018 Diluted Earnings per Share up 59.5% from 2017

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2018.

Net income available to common shareholders for the fourth quarter 2018 was $101.9 million or $0.87 per diluted share as compared to $99.3 million or $0.84 per diluted share for the third quarter 2018 and $27.0 million or $0.23 per diluted share for the fourth quarter 2017. Adjusted earnings per diluted share for the fourth quarter 2018 was $0.92, down 3.1% from the third quarter 2018 and up 28.1% from the fourth quarter 2017.

Additionally, the Company... More