Synovus Financial Corp. (SNV)

Synovus Financial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,730	2,773	2,715	1,840	1,506	1,616
Interest Income on Investments	447.47	420.13	335.5	235.69	146.97	188.96
Total Interest Income	3,178	3,194	3,050	2,076	1,653	1,804
Interest Paid on Deposits	1,280	1,330	1,027	187.23	74.92	217.78
Interest Paid on Borrowings	112.94	114.08	206.95	91.66	45.48	73.97
Total Interest Expense	1,393	1,444	1,234	278.89	120.4	291.75
Net Interest Income	1,785	1,750	1,817	1,797	1,533	1,513
Net Interest Income Growth (YoY)	1.73%	-3.69%	1.10%	17.22%	1.33%	-5.21%
Trust Income	80.73	79.83	78.08	78.41	77.15	63.25
Mortgage Banking Activities	13.98	14.06	15.16	17.48	54.37	91.41
Gain (Loss) on Sale of Investments	-256.66	-256.66	-76.72	-	-0.8	78.93
Other Non-Interest Income	306.18	310.73	297.4	220.38	233.04	199.79
Total Non-Interest Income	237.18	239.6	404.01	409.34	450.07	506.51
Non-Interest Income Growth (YoY)	-39.15%	-40.69%	-1.30%	-9.05%	-11.14%	42.32%
Revenues Before Loan Losses	2,022	1,989	2,221	2,206	1,983	2,019
Provision for Loan Losses	93.63	136.69	189.08	84.55	-106.25	355.02
Revenue	1,929	1,852	2,032	2,122	2,089	1,664
Revenue Growth (YoY)	-0.26%	-8.82%	-4.25%	1.55%	25.54%	-10.72%
Salaries and Employee Benefits	704.05	705.64	696.57	653.86	621.37	599.29
Occupancy Expenses	189.3	187.45	179.58	174.73	169.22	169.66
Federal Deposit Insurance	42.85	45.92	94.74	29.08	22.36	25.21
Selling, General & Administrative	166.01	163.67	158.31	153.66	147.53	163.82
Other Non-Interest Expense	131.21	132.62	138.31	148.04	128.71	132.66
Total Non-Interest Expense	1,235	1,237	1,319	1,161	1,090	1,091
EBT Excluding Unusual Items	693.84	615.77	712.4	961.16	999.24	572.8
Legal Settlements	-10.9	-8.7	-3.93	-6	-2.66	-0.89
Other Unusual Items	12.2	-	5.4	-0.68	-	-15.37
Pretax Income	695.84	604.95	696.16	964.18	989.36	484.67
Income Tax Expense	145.58	125.5	154.02	206.28	228.89	110.97
Earnings From Continuing Operations	550.25	479.45	542.14	757.9	760.47	373.7
Minority Interest in Earnings	2.71	3.01	1.56	-	-	-
Net Income	552.97	482.46	543.71	757.9	760.47	373.7
Preferred Dividends & Other Adjustments	44.54	42.9	35.95	33.16	33.16	33.16
Net Income to Common	508.43	439.56	507.76	724.74	727.3	340.53
Net Income Growth	18.65%	-11.26%	-28.26%	-0.34%	103.50%	-33.72%
Basic Shares Outstanding	143	144	146	145	147	147
Diluted Shares Outstanding	144	145	147	146	148	148
Shares Change (YoY)	-2.16%	-1.18%	0.17%	-1.36%	0.19%	-5.03%
EPS (Basic)	3.56	3.05	3.48	4.99	4.95	2.31
EPS (Diluted)	3.54	3.03	3.46	4.95	4.90	2.30
EPS Growth	21.31%	-12.43%	-30.10%	1.02%	113.04%	-33.72%
Dividend Per Share	1.530	1.520	1.520	1.360	1.320	1.320
Dividend Growth	0.66%	-	11.77%	3.03%	-	10.00%
Effective Tax Rate	20.92%	20.75%	22.12%	21.39%	23.14%	22.90%

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q