logo
Share SHARE
FONT-SIZE Plus   Neg

Synovus Financial Turns To Profit In Q1 Vs Loss Last Year - Quick Facts

Synovus Financial Corp. (SNV) reported net profit available to common shareholders for the first quarter of 2012 of $21.40 million or $0.024 per share versus loss of $93.70 million or $0.119 loss per diluted share reported for the corresponding first quarter of 2011.

On average, 21 analysts polled by Thomson Reuters expected the company to report $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the first quarter of 2012 declined to $220.96 million from $237.43 million in the corresponding quarter last year.

Total non-interest income, however, increased to $84.14 million from $64.16 million a year ago. Analysts estimated revenues of $287.10 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket. Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
comments powered by Disqus
Follow RTT