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	FY2021 Year ended Dec 31, 2021
Interest income:
Loans, including fees	2,769,778	2,684,762	1,806,060	1,482,567
Investment securities available for sale	—	248,294	209,951	140,077
Investment securities	329,478	—	—	—
Loans held for sale	3,679	30,092	34,037	23,809
Federal Reserve Bank balances	75,922	68,289	18,117	3,777
Other earning assets	14,732	18,921	7,622	3,113
Total interest income	3,193,589	3,050,358	2,075,787	1,653,343
Interest expense:
Deposits	1,329,932	1,026,755	187,232	74,919
Long-term debt	109,657	180,670	79,402	45,349
Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings	4,423	26,278	12,253	128
Total interest expense	—	1,233,703	278,887	120,396
Total interest expense	1,444,012	—	—	—
Net interest income	1,749,577	1,816,655	1,796,900	1,532,947
Provision for (reversal of) credit losses	—	—	84,553	(106,251)
Provision for (reversal of) credit losses	136,685	189,079	—	—
Net interest income after provision for credit losses	1,612,892	1,627,576	1,712,347	1,639,198
Non-interest revenue:
Service charges on deposit accounts	—	—	93,067	86,310
Fiduciary and asset management fees	—	—	78,414	77,147
Card fees	—	—	61,833	51,399
Service charges on deposit accounts	91,647	90,096	—	—
Fiduciary and asset management fees	79,828	78,077	—	—
Card fees	76,920	72,357	—	—
Brokerage revenue	84,881	83,431	67,034	56,439
Mortgage banking income	14,060	15,157	17,476	54,371
Capital markets income	44,058	32,181	26,702	26,118
Income from bank-owned life insurance	34,429	31,429	29,720	38,019
Investment securities gains (losses), net	(256,660)	(76,718)	0	(799)
Recovery of NPA	0	13,126	—	—
Other non-interest revenue	70,441	64,874	35,090	61,062
Total non-interest revenue	239,604	404,010	409,336	450,066
Non-interest expense:
Salaries and other personnel expense	737,467	728,378	681,710	649,426
Net occupancy, equipment, and software expense	187,451	179,581	174,730	169,222
Third-party processing and other services	85,751	86,649	88,617	86,688
Professional fees	46,089	39,854	37,189	32,785
FDIC insurance and other regulatory fees	45,921	94,737	29,083	22,355
Goodwill impairment	—	—	0	0
Restructuring charges (reversals)	2,121	17,707	(9,690)	7,223
Merger-related expense	—	—	—	0
Loss on other loans held for sale	0	50,064	—	—
Other operating expense	142,743	138,454	155,867	132,205
Total non-interest expense	1,247,543	1,335,424	1,157,506	1,099,904
Income before income taxes	604,953	696,162	964,177	989,360
Income tax expense	125,502	154,021	206,275	228,893
Net income	479,451	542,141	—	—
Less: Net income (loss) attributable to noncontrolling interest	(3,009)	(1,564)	—	—
Net income attributable to Synovus Financial Corp.	482,460	543,705	757,902	760,467
Less: Preferred stock dividends	—	—	33,163	33,163
Less: Preferred stock dividends	42,903	35,950	—	—
Net income available to common shareholders	439,557	507,755	724,739	727,304
Net income per common share, basic (in dollars per share)	3.05	3.48	4.99	4.95
Net income per common share, diluted (in dollars per share)	3.03	3.46	4.95	4.90
Weighted average common shares outstanding, basic (in shares)	144,164	146,115	145,364	147,041
Weighted average common shares outstanding, diluted (in shares)	144,998	146,734	146,481	148,495

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.