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Stock impact report

Synovus Announces Earnings for the Fourth Quarter 2019 and a 10% Increase in Common Stock Dividend

Synovus Financial Corp. (SNV) 
Last synovus financial corp. earnings: 4/24 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.synovus.com
Company Research Source: Business Wire
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2019. The Board of Directors also approved a 10% increase in the Company’s quarterly common stock dividend from $0.30 to $0.33 per share, effective with the quarterly dividend payable in April 2020.2019 HighlightsNet income available to common shareholders for 2019 was $540.9 million or $3.47 per diluted share as compared to $410.5 million or $3.47 per diluted share for 2018.Adjusted earnings per diluted share for 2019 were $3.90 as compared to $3.64 for 2018, an increase of 7.3%.Loans up $11.2 billion, or 43.2%, from 2018.  Deposits up $11.7 billion, or 43.7%, from 2018.Non-interest income was $355.9 million, an increase of $75.8 million from 2018. Non-interest expense was $1.1 billion in 2019, an increase of $269.5 million from 2018.Net interest margin of 3.70%, a decline of 16 basis points from the previous year. Excluding the impact o Show less Read more
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