COLUMBUS, GA (WTVM) - Columbus banking giant Synovus is releasing its fourth quarter earnings report.
The company reported a net loss of $180 million for the fourth quarter of 2010.
That's compared to a loss of nearly $196 million for the previous period.
A company press release also noted total non-performing assets declined for the third consecutive quarter to $1.28 billion, the lowest level in two years.
Total delinquencies in the fourth quarter (loans 30-89 days past due and 90 days or more past due) declined to 0.82% of loans, from 1.12% in the third quarter, which is a decrease of $77 million.
Earlier this month Synovus announced it was cutting more than 800 jobs and consolidating several bank branches.