logo
Plus   Neg
Share
Email

Synovus Financial Q3 Profit Rises

Synovus Financial Corp. (SNV) reported that its third-quarter net income available to common shareholders rose to $127.44 million from $99.33 million last year. But, earnings per share decreased 1.6% to $0.83, from $0.84 last year.

Adjusted earnings per share were $0.97, up 2.9% from $0.94 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.99 per share. Analysts' estimates typically exclude special items.

Net interest income grew to $402.10 million from $291.62 million in the prior year.

Total non-interest income was $88.76 million up from $71.67 million last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
U.S. retailers Best Buy Co. Inc., Abercrombie & Fitch Co., and Dollar Tree Inc. on Tuesday reported results for the third quarter that surpassed analysts' expectations. The upbeat results indicate that retailers have largely recovered from the impact of the coronavirus pandemic just as the holiday season approaches. The companies have also intensified their focused on digital sales. The U.S. Food and Drug Administration approved the first drug to treat primary hyperoxaluria type 1 (PH1), an ultra-rare genetic disorder which causes recurrent kidney stones and loss of kidney function. Alnylam Pharmaceuticals' Oxlumo (lumasiran) in the form of injection lowers urinary oxalate levels in pediatric and adult patients. The U.S. federal government's General Services Administration or GSA has awarded a five-year federal transportation contract, estimated to be worth up to $810 million, to Uber Technologies Inc. and Lyft Inc., according to multiple reports. Under the contract, the ride-hailing companies would provide services to various public agencies and their around 4 million employees across the nation.
RELATED NEWS
Follow RTT