Shares of Synovus Financial ( SNV) have plunged nearly 50% in 2011. The bank is headquartered in Columbus, Georgia and has over $28 billion in assets and $23 billion in deposits, with close to 300 branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus has a Basel 1 Tier 1 Common Capital ratio of 8.5%. The bank is still working through a high amount of problem assets. It has a non-performing assets ratio of 6.39%. Still, Synovus is among those expected to turn the credit corner . The bank moved into the black in the third quarter, reversing a 12-quarter losing streak, with a net profit of $15 million or 2 cents per share. But that included a securities gain; core earnings remained negative. Hedge fund manager Tom Brown told TheStreet that he expects Synovus to make money in the fourth quarter . Still, Synovus is yet to repay $967.9 million in bailout money, with the possible equity raise creating an overhang on the stock. Six analysts rate the stock a buy or outperform, 20 analysts rate it a hold and 2 analysts rate the stock a sell or underperform.