Synovus Financial Corp Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 1,805.60M1,131.27M418.80M320.37M69.60M33.83M19.01M28.00M67.19M51.70M87.72M355.02M-106.25M84.55M189.30M141.45M
Revenue 1,420.98M1,291.68M1,263.03M1,168.08M1,063.76M1,081.39M1,095.24M83.25M81.42M223.03M1,951.70M2,019.26M1,983.01M2,206.24M2,220.66M1,989.18M
Interest income
Interest income - Loans 1,323.94M1,170.94M1,019.04M924.64M866.36M862.92M877.38M944.23M1,064.28M1,226.65M1,817.29M1,600.46M1,482.57M1,806.06M2,684.76M2,769.78M
Interest income - Investments 3.65M7.99M6.66M3.45M3.22M2.08M3.14M4.36M6.47M10.16M10.38M2.84M3.78M18.12M68.29M75.92M
Interest Income - Debt Securities 142.15M143.26M110.97M96.40M103.18M94.34M91.37M105.34M113.86M104.80M208.83M178.57M140.08M209.95M248.29M329.48M
Interest Income - Deposits 0.32M0.49M1.50M1.60M1.88M3.10M3.43M4.10M7.13M8.62M10.91M
Interest Income - Fed Funds 0.36M0.23M0.12M
Interest Income - Trading Account Assets 1.09M0.84M0.93M0.96M0.55M0.46M0.30M0.09M0.14M
Other interest income 8.59M10.89M7.54M3.11M7.62M18.92M14.73M
Interest Income - Total 1,509.19M1,320.58M1,141.76M1,004.14M929.01M928.69M945.96M1,022.80M1,162.50M1,344.31M2,050.64M1,804.49M1,653.34M2,075.79M3,050.36M3,193.59M
Interest expenses
Interest Expense - Deposits 456.25M288.33M173.88M95.75M64.39M55.18M65.53M64.21M81.33M143.87M356.95M217.78M74.92M187.23M1,026.76M1,329.93M
Interest Expense - Debt 38.79M44.00M42.65M53.66M54.11M54.01M52.94M58.92M56.91M48.47M71.70M66.05M45.35M79.40M180.67M109.66M
Interest Expenses 498.88M334.25M217.60M150.02M118.82M109.41M118.64M123.62M139.19M195.89M454.83M291.75M120.40M278.89M1,233.70M1,444.01M
Interest Income - Net 1,010.31M986.33M924.15M854.12M810.19M819.28M827.32M899.18M1,023.31M1,148.41M1,595.80M1,512.75M1,532.95M1,796.90M1,816.65M1,749.58M
Non-interest income
Interest Income - Total -795.29M-144.94M505.36M533.75M740.59M785.45M808.31M871.18M956.12M1,096.72M1,508.08M1,157.73M1,639.20M1,712.35M1,627.58M1,612.89M
Financial Services Fees 31.20M28.18M26.01M26.91M27.54M27.09M27.86M27.03M29.27M35.37M41.61M44.78M56.44M72.61M90.00M84.88M
Service Charges 117.75M105.11M78.77M78.20M77.79M78.90M80.14M81.42M81.42M80.84M88.19M73.13M86.31M93.07M90.10M91.65M
Investment Gain (Loss) 14.07M-1.27M75.01M39.14M2.94M1.33M2.77M6.01M-0.29M-1.30M-7.66M78.93M-0.80M-76.72M-256.66M
Investment Banking Income 16.52M10.52M5.96M20.07M13.65M12.36M14.97M13.78M13.45M12.29M21.45M67.11M-50.06M
Income - Trust 44.17M44.14M45.81M42.50M43.45M45.23M45.93M46.59M50.48M54.69M58.39M63.25M77.15M78.41M78.08M79.83M
Mortgage Banking 38.52M33.33M20.32M32.27M22.48M18.35M24.10M75.00M18.96M32.60M91.41M54.37M17.48M15.16M14.06M
Card Income 36.14M41.42M41.49M34.08M30.64M32.93M33.17M33.32M39.38M42.50M45.66M42.70M51.40M61.83M72.36M76.92M
Other Non-Interest Income 1,492.61M1,417.92M639.71M556.77M179.95M113.54M57.34M57.96M90.42M74.05M79.14M53.67M61.06M49.66M51.44M-151.79M
Non-Interest Income 410.67M305.35M338.87M313.97M253.57M262.10M267.92M273.19M345.33M280.09M355.90M506.51M450.07M409.34M404.01M239.60M
Operating Items
Research & Development 45.13M45.48M40.03M38.01M40.13M40.04M42.85M46.32M54.71M58.62M79.22M87.99M86.69M88.62M86.65M85.75M
Wages, Salaries and Other 425.17M418.63M371.55M375.87M368.15M371.90M380.92M402.03M433.32M453.42M570.04M618.21M649.43M681.71M728.38M737.47M
Rent Expense 123.11M122.05M114.04M105.58M103.34M105.81M107.47M109.35M119.96M130.48M161.91M169.66M169.22M174.73M179.58M187.45M
Restructuring Costs 6.00M5.54M30.66M5.41M11.06M20.59M0.04M1.64M0.11M10.06M56.58M26.99M7.22M-9.69M17.71M2.12M
Other Operating Expenses 1,047.06M836.51M719.03M667.24M587.00M578.57M567.30M598.62M646.53M630.28M801.26M894.93M836.77M903.85M1,051.49M972.22M
Operating Expenses 1,221.29M1,009.58M903.76M816.24M741.54M745.00M717.65M755.92M821.31M829.46M1,098.97M1,179.57M1,099.90M1,157.51M1,335.42M1,247.54M
EBIT -1107.03M-514.92M158.07M181.50M371.45M411.97M477.22M512.07M619.33M743.25M1,219.85M776.41M1,109.76M1,243.06M1,929.87M2,048.97M
Non-operating items
Interest & Investment Income 0.35M3.75M2.71M
Other Non Operating Income -1.53M-4.74M-23.16M-4.59M
Net income details
EBT -1605.91M-849.17M-59.53M31.48M252.63M302.56M358.57M388.45M480.14M547.35M765.01M484.67M989.36M964.18M696.16M604.95M
Tax Provisions -171.98M-15.15M1.31M-798.73M93.25M107.31M132.49M141.67M204.66M118.88M201.24M110.97M228.89M206.28M154.02M125.50M
Profit After Tax -1493.26M-891.35M-60.84M830.21M159.38M195.25M226.08M246.78M275.47M428.48M563.78M373.69M760.47M757.90M543.71M482.46M
Equity Income 1.21M1.04M-1.65M
Income from Non-Controlling Interests 2.36M-0.18M-0.22M-1.56M-3.01M
Income from Continuing Operations -1433.93M-834.02M-60.84M830.21M159.38M195.25M226.08M246.78M275.47M428.48M563.78M373.69M760.47M757.90M542.14M479.45M
Consolidated Net Income -1433.93M-834.02M-60.84M830.21M159.38M195.25M226.08M246.78M275.47M428.48M563.78M373.69M760.47M757.90M542.14M479.45M
Income towards Parent Company -1433.93M-834.02M-60.84M830.21M159.38M195.25M226.08M246.78M275.47M428.48M563.78M373.69M760.47M757.90M542.14M479.45M
Preferred Dividend Payments 56.97M57.51M58.09M58.70M40.83M10.24M10.24M10.24M10.24M18.00M22.88M33.16M33.16M33.16M35.95M42.90M
Net Income towards Common Stockholders -1488.67M-848.19M-118.71M771.51M118.55M185.01M215.84M236.55M265.24M410.48M540.90M340.53M727.30M724.74M507.75M439.56M
Additional items
EPS (Basic) -4.00-1.30-0.156.870.931.341.631.902.193.493.502.314.954.993.483.05
EPS (Weighted Average and Diluted) -4.00-1.30-0.155.930.881.331.621.892.173.473.472.304.904.953.463.03
Shares Outstanding (Weighted Average) 122.30M119.51M116.38M
Shares Outstanding (Diluted Average) 125.08M122.01M118.38M
Tax Rate 10.71%1.78%36.91%35.47%36.95%36.47%42.63%21.72%26.30%22.90%23.14%21.39%22.12%20.75%