EXHIBIT 11
SYNOVUS FINANCIAL CORP.
COMPUTATION OF NET INCOME
PER COMMON SHARE
(In thousands, except per share data)
(Unaudited)
Three Months Ended September 30, 2000 Three Months Ended September 30, 1999
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Net Average Net Income Net Average Net Income
Income Shares per Share Income Shares Per Share
---------- -------- ------------- ---------- --------- --------------
EPS - Basic $ 64,731 284,149 $ 0.23 $ 58,005 279,694 $ 0.21
Effect of dilutive
options 3,243 3,112
---------- -------- ---------- ---------
EPS - Diluted $ 64,731 287,392 $ 0.23 $ 58,005 282,806 $ 0.21
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Nine Months Ended September 30, 2000 Nine Months Ended September 30, 1999
------------------------------------- -------------------------------------
Net Average Net Income Net Average Net Income
Income Shares Per Share Income Shares Per Share
---------- -------- ------------- ---------- --------- --------------
EPS - Basic $ 187,875 283,260 $ 0.66 $ 162,051 279,381 $ 0.58
Effect of dilutive
options 3,059 3,289
---------- -------- ---------- ---------
EPS - Diluted $ 187,875 286,319 $ 0.66 $ 162,051 282,670 $ 0.57
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