Synovus Financial Announces 8% Gain In Q1 Earnings

(RTTNews) - Synovus Financial (SNV) reported a profit for its first quarter that increased from last year.

The company said its bottom line advanced to $55.41 million, or $0.43 per share. This was higher than $51.34 million, or $0.38 per share, in last year's first quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.5% to $281.3 million. This was up from $269.1 million last year.

Synovus Financial earnings at a glance:

-Earnings (Q1): $55.41 Mln. vs. $51.34 Mln. last year. -Earnings Growth (Y-o-Y): 7.9% -EPS (Q1): $0.43 vs. $0.38 last year. -EPS Growth (Y-o-Y): 13.2% -Analysts Estimate: $0.44 -Revenue (Q1): $281.3 Mln vs. $269.1 Mln last year. -Revenue Change (Y-o-Y): 4.5%