SNV · As filed with the SEC
Synovus Financial income statement, by fiscal year
The statement as Synovus Financial presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Income · USD thousands, except per-share amounts; shares in thousands
| USD thousands, except per-share amounts; shares in thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|
| Interest income: | |||
| Loans, including fees | 2,769,778 | 2,684,762 | 1,806,060 |
| Investment securities | 329,478 | 248,294 | 209,951 |
| Loans held for sale | 3,679 | 30,092 | 34,037 |
| Federal Reserve Bank balances | 75,922 | 68,289 | 18,117 |
| Other earning assets | 14,732 | 18,921 | 7,622 |
| Total interest income | 3,193,589 | 3,050,358 | 2,075,787 |
| Interest expense: | |||
| Deposits | 1,329,932 | 1,026,755 | 187,232 |
| Long-term debt | 109,657 | 180,670 | 79,402 |
| Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings | 4,423 | 26,278 | 12,253 |
| Total interest expense | 1,444,012 | 1,233,703 | 278,887 |
| Net interest income | 1,749,577 | 1,816,655 | 1,796,900 |
| Provision for (reversal of) credit losses | 136,685 | 189,079 | 84,553 |
| Net interest income after provision for credit losses | 1,612,892 | 1,627,576 | 1,712,347 |
| Non-interest revenue: | |||
| Service charges on deposit accounts | 91,647 | 90,096 | 93,067 |
| Fiduciary and asset management fees | 79,828 | 78,077 | 78,414 |
| Card fees | 76,920 | 72,357 | 61,833 |
| Brokerage revenue | 84,881 | 90,004 | 72,605 |
| Mortgage banking income | 14,060 | 15,157 | 17,476 |
| Capital markets income | 44,058 | 39,045 | 36,286 |
| Income from bank-owned life insurance | 34,429 | 31,429 | 29,720 |
| Investment securities gains (losses), net | (256,660) | (76,718) | 0 |
| Recovery of NPA | 0 | 13,126 | 0 |
| Other non-interest revenue | 70,441 | 51,437 | 19,935 |
| Total non-interest revenue | 239,604 | 404,010 | 409,336 |
| Non-interest expense: | |||
| Salaries and other personnel expense | 737,467 | 728,378 | 681,710 |
| Net occupancy, equipment, and software expense | 187,451 | 179,581 | 174,730 |
| Third-party processing and other services | 85,751 | 86,649 | 88,617 |
| Professional fees | 46,089 | 39,854 | 37,189 |
| FDIC insurance and other regulatory fees | 45,921 | 94,737 | 29,083 |
| Restructuring charges (reversals) | 2,121 | 17,707 | (9,690) |
| Loss on other loans held for sale | 0 | 50,064 | 0 |
| Other operating expense | 142,743 | 138,454 | 155,867 |
| Total non-interest expense | 1,247,543 | 1,335,424 | 1,157,506 |
| Income before income taxes | 604,953 | 696,162 | 964,177 |
| Income tax expense | 125,502 | 154,021 | 206,275 |
| Net income | 479,451 | 542,141 | 757,902 |
| Less: Net income (loss) attributable to noncontrolling interest | (3,009) | (1,564) | 0 |
| Net income attributable to Synovus Financial Corp. | 482,460 | 543,705 | 757,902 |
| Less: Preferred stock dividends | 42,903 | 35,950 | 33,163 |
| Net income available to common shareholders | 439,557 | 507,755 | 724,739 |
| Net income per common share, basic (in dollars per share) | 3.05 | 3.48 | 4.99 |
| Net income per common share, diluted (in dollars per share) | 3.03 | 3.46 | 4.95 |
| Weighted average common shares outstanding, basic (in shares) | 144,164 | 146,115 | 145,364 |
| Weighted average common shares outstanding, diluted (in shares) | 144,998 | 146,734 | 146,481 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.