In This Article:
COLUMBUS, Ga. (AP) — COLUMBUS, Ga. (AP) — Synovus Financial Corp. (SNV) on Wednesday reported first-quarter profit of $195 million.
The Columbus, Georgia-based bank said it had earnings of $1.30 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The holding company for Synovus Bank posted revenue of $884 million in the period. Its revenue net of interest expense was $571.7 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $570.2 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNV at https://www.zacks.com/ap/SNV