Synovus Cuts Loss in ‘10, Eyes Profit in ‘11
Press release from the issuing company
Monday, January 31st, 2011
The Columbus, Ga.-based financial services company trimmed its loss in 2010, saying “credit trends continued to improve" and its capital position remained "strong.” It is eyeing profitability in 2011.
Net Interest Income: $986.3 million, -2.4 percent
Net Loss: $790.9 million, +44.8 percent
Loss Per Share: $1.24, +69 percent
Total Assets: $30.1 billion, -8.2 percent
Total Deposits: $24.5 billion, -10.6 percent
Tier 1 Capital: $2.9 billion, +7.4 percent
