Synovus Financial Q2 Profit Climbs, Tops Estimates

(RTTNews) - Synovus Financial Corp. (SNV), a provider of commercial and retail banking, investment, and mortgage services, reported Tuesday that its second-quarter net income available to common shareholders was $177.91 million or $1.19 per share, higher than $84.90 million or $0.57 per share in the prior year.

Adjusted earnings per share were $1.20, compared to $0.23 in the prior year.

On average, 16 analysts polled by Thomson Reuters expected earnings of $1.04 per share. Analysts' estimates typically exclude special items.

Total adjusted revenue was $488.61 million, compared to $470.66 million a year ago.

Net interest income was $381.9 million, higher than $376.57 million a year ago.