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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,728	2,773	2,715	1,840	1,506	1,616
Interest Income on Investments	420.13	420.13	335.5	235.69	146.97	188.96
Total Interest Income	3,148	3,194	3,050	2,076	1,653	1,804
Interest Paid on Deposits	1,224	1,330	1,027	187.23	74.92	217.78
Interest Paid on Borrowings	114.08	114.08	206.95	91.66	45.48	73.97
Total Interest Expense	1,338	1,444	1,234	278.89	120.4	291.75
Net Interest Income	1,810	1,750	1,817	1,797	1,533	1,513
Net Interest Income Growth (YoY)	4.35%	-3.69%	1.10%	17.22%	1.33%	-5.21%
Trust Income	81.34	79.83	78.08	78.41	77.15	63.25
Mortgage Banking Activities	14.47	14.06	15.16	17.48	54.37	91.41
Gain (Loss) on Sale of Investments	-	-256.66	-76.72	-	-0.8	78.93
Other Non-Interest Income	309.06	310.73	297.4	220.38	233.04	199.79
Total Non-Interest Income	500.17	239.6	404.01	409.34	450.07	506.51
Non-Interest Income Growth (YoY)	230.48%	-40.69%	-1.30%	-9.05%	-11.14%	42.32%
Revenues Before Loan Losses	2,310	1,989	2,221	2,206	1,983	2,019
Provision for Loan Losses	70.47	136.69	189.08	84.55	-106.25	355.02
Revenue	2,239	1,852	2,032	2,122	2,089	1,664
Revenue Growth (YoY)	32.73%	-8.82%	-4.25%	1.55%	25.54%	-10.72%
Salaries and Employee Benefits	715.41	705.64	696.57	653.86	621.37	599.29
Occupancy Expenses	191.47	187.45	179.58	174.73	169.22	169.66
Federal Deposit Insurance	31.69	45.92	94.74	29.08	22.36	25.21
Selling, General & Administrative	163.72	163.67	158.31	153.66	147.53	163.82
Other Non-Interest Expense	134.29	132.62	138.31	148.04	128.71	132.66
Total Non-Interest Expense	1,238	1,237	1,319	1,161	1,090	1,091
EBT Excluding Unusual Items	1,001	615.77	712.4	961.16	999.24	572.8
Legal Settlements	-8.7	-8.7	-3.93	-6	-2.66	-0.89
Other Unusual Items	-	-	5.4	-0.68	-	-15.37
Pretax Income	992.64	604.95	696.16	964.18	989.36	484.67
Income Tax Expense	210.59	125.5	154.02	206.28	228.89	110.97
Earnings From Continuing Operations	782.05	479.45	542.14	757.9	760.47	373.7
Minority Interest in Earnings	2.66	3.01	1.56	-	-	-
Net Income	784.71	482.46	543.71	757.9	760.47	373.7
Preferred Dividends & Other Adjustments	46.22	42.9	35.95	33.16	33.16	33.16
Net Income to Common	738.49	439.56	507.76	724.74	727.3	340.53
Net Income Growth	182.36%	-11.26%	-28.26%	-0.34%	103.50%	-33.72%
Basic Shares Outstanding	141	144	146	145	147	147
Diluted Shares Outstanding	142	145	147	146	148	148
Shares Change (YoY)	-3.13%	-1.18%	0.17%	-1.36%	0.19%	-5.03%
EPS (Basic)	5.24	3.05	3.48	4.99	4.95	2.31
EPS (Diluted)	5.20	3.03	3.46	4.95	4.90	2.30
EPS Growth	218.56%	-12.43%	-30.10%	1.02%	113.04%	-33.72%
Dividend Per Share	1.540	1.520	1.520	1.360	1.320	1.320
Dividend Growth	1.32%	-	11.77%	3.03%	-	10.00%
Effective Tax Rate	21.21%	20.75%	22.12%	21.39%	23.14%	22.90%

Updated Jul 16, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q