EXHIBIT 11
SYNOVUS FINANCIAL CORP.
COMPUTATION OF NET INCOME
PER COMMON SHARE
(In thousands, except per share data)
(Unaudited)
Three Months Ended June 30, 2000 Three Months Ended June 30, 1999
-------- -------- ---------- ------- ------- -----------
Net Average Net Income Net Average Net Income
Income Shares per Share Income Shares Per Share
-------- -------- ---------- ------- ------- -----------
EPS - Basic $ 61,752 283,457 $ 0.22 $ 53,313 279,509 $ 0.19
Effect of dilutive options 3,148 2,961
-------- ------- ------- -------
EPS - Diluted $ 61,752 286,605 $ 0.22 $ 53,313 282,470 $ 0.19
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Six Months Ended June 30, 2000 Six Months Ended June 30, 1999
-------- -------- ---------- ------- ------- -----------
Net Average Net Income Net Average Net Income
Income Shares Per Share Income Shares Per Share
-------- -------- ---------- ------- ------- -----------
EPS - Basic $ 123,144 282,810 $ 0.44 $ 104,046 279,221 $ 0.37
Effect of dilutive options 2,966 3,377
-------- -------- -------- -------
EPS - Diluted $ 123,144 285,776 $ 0.43 $ 104,046 282,598 $ 0.37
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