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	FY2020 Year ended Dec 31, 2020	FY2019 Year ended Dec 31, 2019	FY2018 Year ended Dec 31, 2018	FY2017 Year ended Dec 31, 2017
Interest income:
Loans, including fees	—	—	—	—	—	—	1,226,648	1,064,276
Investment securities available for sale	—	—	—	—	—	—	96,928	82,699
Loans, including fees	2,769,778	2,684,762	1,806,060	1,482,567	1,600,462	1,817,285	—	1,064,276
Investment securities available for sale	—	248,294	209,951	140,077	178,575	208,826	—	82,699
Mortgage loans held for sale	—	—	—	—	—	3,233	1,950	1,926
Investment securities	329,478	—	—	—	—	—	—	—
Loans held for sale	3,679	30,092	34,037	23,809	15,078	—	—	—
Federal Reserve Bank balances	75,922	68,289	18,117	3,777	2,839	10,384	10,156	6,470
Other earning assets	—	—	—	—	—	10,910	8,623	7,126
Other earning assets	14,732	18,921	7,622	3,113	7,541	—	—	—
Total interest income	3,193,589	3,050,358	2,075,787	1,653,343	1,804,495	2,050,638	1,344,305	1,162,497
Interest expense:
Deposits	1,329,932	1,026,755	187,232	74,919	217,777	356,949	143,871	81,325
Long-term debt	109,657	180,670	79,402	45,349	66,053	71,701	48,468	56,913
Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings	4,423	26,278	12,253	128	7,917	26,185	3,553	950
Total interest expense	—	1,233,703	278,887	120,396	291,747	454,835	195,892	139,188
Total interest expense	1,444,012	—	—	—	—	—	—	—
Net interest income	1,749,577	1,816,655	1,796,900	1,532,947	1,512,748	1,595,803	1,148,413	1,023,309
Provision for loan losses	—	—	—	—	—	87,720	51,697	67,185
Provision for (reversal of) credit losses	—	—	84,553	(106,251)	355,022	—	—	—
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	1,157,726	1,508,083	1,096,716	956,124
Non-interest revenue:
Revenue from contract with customer	—	—	—	—	—	—	223,032	—
Card fees	—	—	—	—	—	—	42,503	39,376
Service charges on deposit accounts	—	—	—	—	—	—	80,840	81,419
Fiduciary and asset management fees	—	—	—	—	—	—	54,685	50,485
Other fee income	—	—	—	—	—	—	19,974	20,168
Brokerage revenue	—	—	—	—	—	—	36,567	29,705
Mortgage banking income	—	—	—	—	—	—	18,958	22,798
Service charges on deposit accounts	—	—	93,067	86,310	73,132	88,190	—	81,419
Fiduciary and asset management fees	—	—	78,414	77,147	63,251	58,388	—	50,485
Card fees	—	—	61,833	51,399	42,702	45,659	—	39,376
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	44,781	41,608	—	29,266
Mortgage banking income	14,060	15,157	17,476	54,371	91,413	32,599	—	22,798
Capital markets income	44,058	32,181	26,702	26,118	27,336	30,529	—	5,632
Income from bank-owned life insurance	34,429	31,429	29,720	38,019	31,297	21,226	15,403	13,460
Cabela's Transaction Fee	—	—	—	—	—	0	0	75,000
Investment securities gains (losses), net	(256,660)	(76,718)	0	(799)	78,931	(7,659)	(1,296)	(289)
Recovery of NPA	0	13,126	—	—	—	—	—	—
Other non-interest revenue	70,441	64,874	35,090	61,062	53,670	45,360	12,459	28,180
Total non-interest revenue	239,604	404,010	409,336	450,066	506,513	355,900	280,093	345,327
Non-interest expense:
Salaries and other personnel expense	737,467	728,378	681,710	649,426	618,214	570,036	453,420	433,321
Net occupancy, equipment, and software expense	187,451	179,581	174,730	169,222	169,658	161,906	130,482	119,964
Third-party processing and other services	85,751	86,649	88,617	86,688	83,034	75,696	58,625	54,708
Professional fees	46,089	39,854	37,189	32,785	56,899	35,300	26,737	26,232
FDIC insurance and other regulatory fees	45,921	94,737	29,083	22,355	25,210	31,696	24,494	27,011
Advertising expense	—	—	—	—	14,387	21,371	20,881	22,948
Foreclosed real estate expense, net	—	—	—	—	—	—	2,204	12,540
Goodwill impairment	—	—	0	0	44,877	—	—	—
Restructuring charges (reversals)	2,121	17,707	(9,690)	7,223	26,991	—	—	—
Merger-related expense	—	—	—	0	0	56,580	10,065	110
Loss on early extinguishment of debt, net	—	—	—	—	—	4,592	0	23,160
Earnout liability adjustments	—	—	—	—	—	—	11,652	5,466
Loss on other loans held for sale	0	50,064	—	—	—	—	—	—
Other operating expense	142,743	138,454	155,867	132,205	140,304	141,791	90,895	113,859
Total non-interest expense	1,247,543	1,335,424	1,157,506	1,099,904	1,179,574	1,098,968	829,455	821,313
Income before income taxes	604,953	696,162	964,177	989,360	484,665	765,015	547,354	480,138
Income tax expense	125,502	154,021	206,275	228,893	110,970	201,235	118,878	204,664
Net income	479,451	542,141	—	—	—	—	428,476	275,474
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	373,695	563,780	—	275,474
Less: Preferred stock dividends	—	—	33,163	33,163	33,163	22,881	17,998	10,238
Less: Preferred stock dividends	42,903	35,950	—	—	—	—	—	—
Net income available to common shareholders	439,557	507,755	724,739	727,304	340,532	540,899	410,478	265,236
Net income per common share, basic (in dollars per share)	3.05	3.48	4.99	4.95	2.31	3.50	3.49	2.19
Net income per common share, diluted (in dollars per share)	3.03	3.46	4.95	4.90	2.30	3.47	3.47	2.17
Weighted average common shares outstanding, basic (in shares)	144,164	146,115	145,364	147,041	147,415	154,331	117,644	121,162
Weighted average common shares outstanding, diluted (in shares)	144,998	146,734	146,481	148,495	148,210	156,058	118,378	122,012

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