EXHIBIT 11
SYNOVUS FINANCIAL CORP.
COMPUTATION OF NET INCOME
PER COMMON SHARE
(In thousands, except per share data)
(Unaudited)
<TABLE>
<CAPTION>
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
-------- -------- ---------- ------- ------- -----------
<S> <C> <C> <C> <C> <C> <C>
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
======== ======= ========= ======== ======= ===========
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
======== ======= ========= ======== ======= ===========
</TABLE>
