Synovus Financial Corp.'s (SNV) first-quarter net income available to common shareholders slid to $14.8 million, from $21.4 million a year ago, whereas quarterly earnings per share remained unchanged at $0.02. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $0.02 for the quarter. Analysts' estimates typically exclude one-time items.
According to the company, the recent quarter's results included restructuring charges of $4.9 million and income tax expense of $17.0 million.
On the other hand, quarterly net interest income after provision for loan losses climbed to $164.12 million, from $154.91 million last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.