Synovus Financial Corp. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2016. For the quarter, net income available to common shareholders was $66.0 million or $0.54 per diluted share as compared to $55.8 million or $0.43 per diluted share for the fourth quarter 2015. Adjusted earnings per diluted share were $0.54 against $0.44 per diluted share a year ago. Total revenues were $301.7 million, up 8.2% from the fourth quarter 2015. Net interest income was $233.5 million, up 9.8% as compared to the fourth quarter of 2015. Adjusted net income available to common shareholders was $65.964 million against $57.503 million a year ago. Income before income taxes was $108.068 million against $90.741 million a year ago. Return on average assets was 0.90% against 0.81% a year ago. Return on average common equity was 9.42% against 7.67% a year ago.

For the year, net income available to common shareholders for 2016 was $236.5 million or $1.89 per diluted share as compared to $215.8 million or $1.62 per diluted share for 2015. Diluted EPS grew 16.7% for 2016 compared to 2015. Total revenues of $1.16 billion increased $73.9 million or 6.8% from 2015. Net interest income was $899.180 million against $827.318 million a year ago. Income before income taxes was $388.451 million against $358.573 million a year ago. Return on average assets was 0.84% against 0.80% a year ago. Return on average common equity was 8.41% against 7.46% a year ago. Book value per common share as on December 31, 2016 was $22.92 against $22.19 as on December 31, 2015. Tangible book value per common share as on December 31, 2016 was $22.92 against $22.19 as on December 31, 2015.

Net charge-offs were $8.3 million in the fourth quarter 2016.

The company anticipates the tax rate for 2017 between 36% and 37%. The company expects little more capex for 2017 than in 2016.