Synovus’ non-performing loans continued to decline, and were down 58.7 percent in the third quarter. Net income available to common shareholders more than doubled in the quarter, to $37.2 million for the third quarter of 2013 from $16 million in the same quarter a year earlier.
The company has cut staff and closed branches since 2007. A sale of its Memphis branches to Iberiabank is expected to close by the end of the year. Stelling said there are no plans to exit any other markets.