Synovus Financial Corp. (SNV)

Synovus Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,796	2,715	1,840	1,506	1,616	1,821
Interest Income on Investments	386.38	335.5	235.69	146.97	188.96	230.1
Total Interest Income	3,183	3,050	2,076	1,653	1,804	2,051
Interest Paid on Deposits	1,333	1,027	187.23	74.92	217.78	356.95
Interest Paid on Borrowings	118.25	206.95	91.66	45.48	73.97	97.89
Total Interest Expense	1,451	1,234	278.89	120.4	291.75	454.84
Net Interest Income	1,732	1,817	1,797	1,533	1,513	1,596
Net Interest Income Growth (YoY)	-7.92%	1.10%	17.22%	1.34%	-5.20%	38.96%
Trust Income	76.6	78.08	78.41	77.15	63.25	58.39
Mortgage Banking Activities	14.41	15.16	17.48	54.37	91.41	32.6
Gain (Loss) on Sale of Investments	-331.71	-74.02	-	-0.8	78.93	-7.66
Other Non-Interest Income	318.21	297.4	220.38	233.04	199.79	184.38
Total Non-Interest Income	168.19	406.71	409.34	450.07	506.51	355.9
Non-Interest Income Growth (YoY)	-63.03%	-0.64%	-9.05%	-11.14%	42.32%	27.06%
Revenues Before Loan Losses	1,900	2,223	2,206	1,983	2,019	1,952
Provision for Loan Losses	149.29	189.08	84.55	-106.25	355.02	87.72
Revenue	1,751	2,034	2,122	2,089	1,664	1,864
Revenue Growth (YoY)	-18.85%	-4.12%	1.55%	25.54%	-10.72%	35.38%
Salaries and Employee Benefits	698.43	696.57	653.86	621.37	599.29	549.32
Occupancy Expenses	188.35	179.58	174.73	169.22	169.66	161.91
Federal Deposit Insurance	99.17	94.74	29.08	22.36	25.21	31.7
Selling, General & Administrative	161.62	158.31	153.66	147.53	163.82	135.24
Other Non-Interest Expense	141.87	141.01	148.04	128.71	132.66	143.69
Total Non-Interest Expense	1,292	1,322	1,161	1,090	1,091	1,022
EBT Excluding Unusual Items	458.74	712.4	961.16	999.24	572.8	841.49
Legal Settlements	-3.93	-3.93	-6	-2.66	-0.89	-3.61
Other Unusual Items	5.4	5.4	-0.68	-	-15.37	-15.05
Pretax Income	456.9	696.16	964.18	989.36	484.67	765.02
Income Tax Expense	97.26	154.02	206.28	228.89	110.97	201.24
Earnings From Continuing Operations	359.65	542.14	757.9	760.47	373.7	563.78
Minority Interest in Earnings	2.73	1.56	-	-	-	-
Net Income	362.38	543.71	757.9	760.47	373.7	563.78
Preferred Dividends & Other Adjustments	41.02	35.95	33.16	33.16	33.16	22.88
Net Income to Common	321.35	507.76	724.74	727.3	340.53	540.9
Net Income Growth	-46.64%	-28.26%	-0.34%	103.50%	-33.72%	31.58%
Basic Shares Outstanding	145	146	145	147	147	154
Diluted Shares Outstanding	146	147	146	148	148	156
Shares Change (YoY)	-0.43%	0.17%	-1.36%	0.19%	-5.03%	31.83%
EPS (Basic)	2.21	3.48	4.99	4.95	2.31	3.50
EPS (Diluted)	2.20	3.46	4.95	4.90	2.30	3.47
EPS Growth	-50.01%	-30.10%	1.02%	113.04%	-33.72%	0%
Dividend Per Share	1.520	1.520	1.360	1.320	1.320	1.200
Dividend Growth	2.70%	11.76%	3.03%	0%	10.00%	20.00%
Effective Tax Rate	21.29%	22.12%	21.39%	23.14%	22.90%	26.30%

Source: S&P Capital IQ. Banks template. Financial Sources.