Synovus (SNV)

[MCArmel1]

Synovus beats by $0.02, revenue in-line • 6:34 AM

Niloofer Shaikh, SA News Editor
•Synovus (NYSE:SNV): Q1 EPS of $0.38 beats by $0.02.
•Revenue of $269.12M (-0.6% Y/Y) in-line.
•Press Release

http://seekingalpha.com/news/2437946-synovus-beats-by-0_02-revenue-in-line?auth_param=ano5b:1ajc9ue:47425316116dbe7d0eb4ed887412fbca&uprof=45#email_link


Synovus Announces Earnings for the First Quarter
Tue April 21, 2015 6:30 AM|Business Wire | About: SNV

Diluted Earnings per Share increased 15.2% as compared to 1Q14

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp. (SNV) today reported financial results for the quarter ended March 31, 2015.

First Quarter Highlights
• Net income available to common shareholders for the first quarter 2015 was $51.4 million or $0.38 per diluted share as compared to $50.6 million, or $0.37 per diluted share for the previous quarter and $45.9 million, or $0.33 per diluted share for the first quarter 2014.
• Total average loans grew $254.1 million or 4.9% annualized from the previous quarter and $1.03 billion or 5.1% as compared to the first quarter 2014.
• Average core deposits grew $286.6 million or 5.9% annualized from the previous quarter and $529.8 million or 2.7% as compared to the first quarter 2014.
• Adjusted pre-tax, pre-credit costs income was $101.0 million for the first quarter 2015, an increase of $1.4 million from $99.6 million for the previous quarter and an increase of $4.5 million or 4.7% as compared to the first quarter 2014.
• The company continued to return capital to shareholders during the quarter, acquiring an additional $59.1 million of common stock. Since October 2014 through April 20, 2015, the company has repurchased $160.0 million of common stock, reducing total share count by 6.0 million or 4.3%.

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http://seekingalpha.com/pr/13201956-synovus-announces-earnings-for-the-first-quarter?app=n