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EXHIBIT 11
SYNOVUS FINANCIAL CORP.
COMPUTATION OF NET INCOME
PER COMMON SHARE
(In thousands, except per share data)
(Unaudited)
Three Months Ended September 30, 2002 | Three Months Ended September 30, 2001 | |||||||||||||
Net | Average | Net Income | Net | Average | Net Income | |||||||||
Income | Shares | per Share | Income | Shares | Per Share | |||||||||
EPS - Basic | $ | 92,272 | 298,564 | $ | 0.31 | $ | 78,905 | 290,868 | $ | 0.27 | ||||
Effect of dilutive options | 3,422 | 6,489 | ||||||||||||
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EPS - Diluted | $ | 92,272 | 301,986 | $ | 0.31 | $ | 78,905 | 297,357 | $ | 0.27 | ||||
Nine Months Ended September 30, 2002 | Nine Months Ended September 30, 2001 | |||||||||||||
Net | Average | Net Income | Net | Average | Net Income | |||||||||
Income | Shares | Per Share | Income | Shares | Per Share | |||||||||
EPS - Basic | $ | 260,919 | 296,387 | $ | 0.88 | $ | 226,405 | 289,642 | $ | 0.78 | ||||
Effect of dilutive options | 4,429 | 5,981 | ||||||||||||
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EPS - Diluted | $ | 260,919 | 300,816 | $ | 0.87 | $ | 226,405 | 295,623 | $ | 0.77 | ||||