RTTNews | Oct 19, 2021 06:56AM EDT

06:55 Tuesday, October 19, 2021 (RTTNews.com) - Synovus Financial Corp. (SNV), a provider of commercial and retail banking, investment, and mortgage services, reported Tuesday that its third-quarter net income available to common shareholders was $178.48 million or $1.21 per share, higher than $83.28 million or $0.56 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter were $1.20 per share, compared to $0.89 per share in the prior-year quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $1.08 per share for the quarter. Analysts' estimates typically exclude special items.

Total adjusted revenue for the quarter was $499.74 million, compared to $492.85 million in the same quarter last year. Analysts expected revenues of $488.52 million for the quarter.

Net interest income was $384.9 million, higher than $376.99 million a year ago.

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