EX-11 3 ex11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Exhibit 11 SYNOVUS FINANCIAL CORP. COMPUTATION OF NET INCOME PER COMMON SHARE (In thousands, except per share data) (Unaudited)
Three Months Ended September 30, 2003 Three Months Ended September 30, 2002 ---------------------------------------------------- ---------------------------------------------- Net Average Net Income Net Average Net Income Income Shares per Share Income Shares Per Share ---------------- ------------ -------------- ------------ ----------- ----------- EPS - Basic $ 100,000 301,366 $ 0.33 $ 92,272 298,564 $ 0.31 Effect of dilutive options 3,148 3,422 ------------ ---------- EPS - Diluted $ 100,000 304,514 $ 0.33 $ 92,272 301,986 $ 0.31 ================ ============ ============== ============ =========== ===========
Nine Months Ended September 30, 2003 Nine Months Ended September 30, 2002 ---------------------------------------------------- ---------------------------------------------- Net Average Net Income Net Average Net Income Income Shares per Share Income Shares Per Share ---------------- ------------ -------------- ------------ ---------- ----------- EPS - Basic $ 286,286 302,067 $ 0.95 $ 260,919 296,387 $ 0.88 Effect of dilutive options 2,507 4,429 ------------ ---------- EPS - Diluted $ 286,286 304,574 $ 0.94 $ 260,919 300,816 $ 0.87 ================ ============ ============== ============ =========== ===========