EXHIBIT 11
SYNOVUS FINANCIAL CORP.
COMPUTATION OF NET INCOME
PER COMMON SHARE
(In thousands, except per share data)
(Unaudited)
<TABLE>
<CAPTION>
Three Months Ended September 30, 2000 Three Months Ended September 30, 1999
------------------------------------- --------------------------------------
Net Average Net Income Net Average Net Income
Income Shares per Share Income Shares Per Share
---------- -------- ------------- ---------- --------- --------------
<S> <C> <C> <C> <C> <C> <C>
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
========== ======== ============= ========== ========= ==============
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
========== ======== ============= ========== ========= ==============
</TABLE>
