Synovus Financial Corp. (SNV) reported that its net income available to common shareholders for the second quarter of 2014 was $44.31 million or $0.32 per share, up from $30.72 million or $0.24 per share in the prior year quarter.
Excluding restructuring charges of $7.7 million, net income available to common shareholders for the second quarter of 2014 was $49.0 million or $0.35 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income grew to $205.05 million from $202.08 million last year. But, total non-interest income was $63.39 million, lower than last year's $65.09 million.
Adjusted revenues grew to $268.44 million from $265.77 million in the previous year.
For comments and feedback contact: editorial@rttnews.com
Business News