COLUMBUS, Ga. - Synovus Financial Corp. said it earned $12.7 million in the second quarter, up 29% from the $9.9 million reported in the 1991 period.
The per-share figure rose to 34 cents, from 28 cents.
The regional banking company, which increased its assets 25%, to $4.2 billion, in the 12 months through June 30, said it was aided by an improved net interest margin, fee income, and cost reductions.
Synovus increased its return on assets to 1.24% in the second quarter, from 1.14% in the first quarter and 1.07% in the 1991 fourth quarter. The company last year set a goal of a 1.5% return within three years.
Synovus' results include those of its 81.5%-owned subsidiary Total System Services Inc., a leading credit card processor; and Synovus Securities Inc.
