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	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	3,194	3,194	2,715	1,840	1,506	1,616
Interest Income on Investments	-	-	335.5	235.69	146.97	188.96
Total Interest Income	3,194	3,194	3,050	2,076	1,653	1,804
Interest Paid on Deposits	1,444	1,444	1,027	187.23	74.92	217.78
Interest Paid on Borrowings	-	-	206.95	91.66	45.48	73.97
Total Interest Expense	1,444	1,444	1,234	278.89	120.4	291.75
Net Interest Income	1,750	1,750	1,817	1,797	1,533	1,513
Net Interest Income Growth (YoY)	-3.69%	-3.69%	1.10%	17.22%	1.34%	-5.20%
Trust Income	79.83	79.83	78.08	78.41	77.15	63.25
Mortgage Banking Activities	14.06	14.06	15.16	17.48	54.37	91.41
Gain (Loss) on Sale of Investments	-256.66	-256.66	-74.02	-	-0.8	78.93
Other Non-Interest Income	310.73	310.73	297.4	220.38	233.04	199.79
Total Non-Interest Income	239.6	239.6	406.71	409.34	450.07	506.51
Non-Interest Income Growth (YoY)	-41.09%	-41.09%	-0.64%	-9.05%	-11.14%	42.32%
Revenues Before Loan Losses	1,989	1,989	2,223	2,206	1,983	2,019
Provision for Loan Losses	136.69	136.69	189.08	84.55	-106.25	355.02
Revenue	1,852	1,852	2,034	2,122	2,089	1,664
Revenue Growth (YoY)	-8.94%	-8.94%	-4.12%	1.55%	25.54%	-10.72%
Salaries and Employee Benefits	737.47	737.47	696.57	653.86	621.37	599.29
Occupancy Expenses	187.45	187.45	179.58	174.73	169.22	169.66
Federal Deposit Insurance	45.92	45.92	94.74	29.08	22.36	25.21
Selling, General & Administrative	131.84	131.84	158.31	153.66	147.53	163.82
Other Non-Interest Expense	142.74	142.74	141.01	148.04	128.71	132.66
Total Non-Interest Expense	1,245	1,245	1,322	1,161	1,090	1,091
EBT Excluding Unusual Items	607.07	607.07	712.4	961.16	999.24	572.8
Legal Settlements	-	-	-3.93	-6	-2.66	-0.89
Other Unusual Items	-	-	5.4	-0.68	-	-15.37
Pretax Income	604.95	604.95	696.16	964.18	989.36	484.67
Income Tax Expense	125.5	125.5	154.02	206.28	228.89	110.97
Earnings From Continuing Operations	479.45	479.45	542.14	757.9	760.47	373.7
Minority Interest in Earnings	3.01	3.01	1.56	-	-	-
Net Income	482.46	482.46	543.71	757.9	760.47	373.7
Preferred Dividends & Other Adjustments	42.9	42.9	35.95	33.16	33.16	33.16
Net Income to Common	439.56	439.56	507.76	724.74	727.3	340.53
Net Income Growth	-11.26%	-11.26%	-28.26%	-0.34%	103.50%	-33.72%
Basic Shares Outstanding	144	144	146	145	147	147
Diluted Shares Outstanding	145	145	147	146	148	148
Shares Change (YoY)	-1.18%	-1.18%	0.17%	-1.36%	0.19%	-5.03%
EPS (Basic)	3.05	3.05	3.48	4.99	4.95	2.31
EPS (Diluted)	3.03	3.03	3.46	4.95	4.90	2.30
EPS Growth	-12.43%	-12.43%	-30.10%	1.02%	113.04%	-33.72%
Dividend Per Share	1.520	1.520	1.520	1.360	1.320	1.320
Dividend Growth	0%	0%	11.76%	3.03%	0%	10.00%
Effective Tax Rate	20.75%	20.75%	22.12%	21.39%	23.14%	22.90%

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