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Synovus Financial Corp.$46.80($.50)(1.06%)

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 Synovus Announces Earnings for the Fourth Quarter
   Tuesday, January 19, 2016 6:30:02 AM ET

Synovus Financial Corp. (SNV ) today reported financial results for the quarter ended December 31, 2015.

Net income available to common shareholders for the fourth quarter of 2015 was $55.8 million or $0.43 per diluted share as compared to $55.4 million or $0.42 per diluted share for the third quarter of 2015 and $50.6 million or $0.37 per diluted share for the fourth quarter of 2014. Adjusted earnings per diluted share for the fourth quarter of 2015 were $0.44, a 4.2% increase from the third quarter of 2015 and a 13.5% increase from the fourth quarter of 2014.

2015 Highlights

-- Net income available to common shareholders for 2015 was $215.8 million or $1.62 per diluted share as compared to $185.0 million or $1.33 per diluted share for 2014. Diluted EPS grew 21.9% for 2015 compared to 2014.



-- Total loans ended the year at $22.43 billion, a $1.33 billion or 6.3% increase from 2014.

-- Average core deposits for the year were $21.13 billion, a $1.60 billion or 8.2% increase from 2014.

-- Non-performing assets of $215.4 million at December 31, 2015 declined 24.9% from December 31, 2014, and the non-performing asset ratio declined 39 basis points from December 31, 2014 to 0.96% at December 31, 2015.

-- The net-charge off ratio for 2015 was 0.13%, down 26 basis points from 2014.

-- We returned over $250 million in capital to common shareholders through common stock share repurchases and dividends. -- Common Equity Tier 1 ratio was 10.37% at December 31, 2015 compared to 10.74% at December 31, 2014.

"We finished 2015 with strong performance in the fourth quarter, closing out another year of double digit growth in net income and balanced loan growth supported by strong core deposits," said Kessel D. Stelling, Synovus Chairman and CEO. "Our team is excited about 2016 as we seek new ways to better serve our customers and prospects in this dynamic and highly-competitive environment. Our relationship-based approach, combined with our strategic initiatives and investments, creates an effective formula for driving continued growth, achieving greater efficiencies, and improving financial performance."

Fourth Quarter 2015 Highlights

Balance Sheet

-- Total loans ended the quarter at $22.43 billion, up $565.3 million or 10.3% annualized from the previous quarter. -- Commercial and industrial loans grew by $248.3 million or 9.3% annualized.

-- Commercial real estate loans grew by $185.2 million or 10.2% annualized.

-- Retail loans grew by $133.5 million or 12.7% annualized.

-- Total average deposits for the quarter were $23.24 billion, up $384.2 million or 6.7% annualized from the previous quarter.

-- Average core deposits grew $556.3 million or 10.3% annualized from the previous quarter.

-- Average core deposits, excluding state, county, and municipal deposits, grew by $377.8 million or 7.7% annualized compared to the previous quarter.

Income Statement

Adjusted pre-tax, pre-credit costs income was $105.3 million for the fourth quarter of 2015, an increase of $533 thousand from $104.7 million for the third quarter of 2015.

-- Net interest income was $212.6 million for the fourth quarter of 2015, up $4.8 million from $207.8 million in the previous quarter.

-- The net interest margin increased four basis points to 3.18% compared to 3.14% in the third quarter of 2015. The yield on earning assets was 3.63%, up three basis points from the third quarter of 2015, and the effective cost of funds was 0.45%, down one basis point from the third quarter of 2015.

-- Total non-interest income was $66.2 million, down $884 thousand or 1.3% compared to $67.1 million for the third quarter of 2015. -- Core banking fees[1] were $33.6 million, down $271 thousand or 0.8% from the third quarter of 2015.

-- Financial Management Services revenues, consisting primarily of fiduciary and asset management fees and brokerage revenue, were $19.8 million, unchanged from the third quarter of 2015.

-- Mortgage banking income decreased $1.8 million or 30.7% compared to the third quarter of 2015, due to a decrease in production volume of 34.1%.

-- Total non-interest expense for the fourth quarter of 2015 was $183.0 million, up $5.1 million or 2.9% from the previous quarter and down $1.8 million or 1.0% as compared to the fourth quarter of 2014.

-- Adjusted non-interest expense for the fourth quarter of 2015 was $173.5 million, up $3.4 million or 2.0% from the previous quarter and up $1.1 million or 0.6% as compared to the fourth quarter of 2014. -- Employment expense of $95.5 million increased $1.2 million or 1.3% from the previous quarter.

-- Occupancy and equipment expense increased $879 thousand or 3.3% from the prior quarter, driven by a $1.2 million charge related to lease exit costs.

-- Other expenses increased $1.3 million or 2.6% sequentially, driven by a $2.2 million increase in consulting fees.

Credit Quality

Broad-based improvement in credit quality continued.

-- Total credit costs were $11.9 million in the fourth quarter of 2015 compared to $10.3 million in the third quarter of 2015.

-- Total non-performing assets were $215.4 million at December 31, 2015, a $6.6 million or 3.0% decline from the previous quarter, and a $71.4 million or 24.9% decline from the fourth quarter of 2014. The non-performing asset ratio was 0.96% at December 31, 2015, compared to 1.01% at the end of the previous quarter and 1.35% at December 31, 2014.

-- Non-performing loans, excluding loans held for sale, were $168.4 million at December 31, 2015, an increase of $10.7 million or 6.8% from the previous quarter, and a decrease of $29.4 million or 14.9% from the fourth quarter of 2014. The non-performing loan ratio was 0.75% at December 31, 2015, compared to 0.72% at the end of the previous quarter and 0.94% at December 31, 2014.

-- Total delinquencies (consisting of loans 30 or more days past due and still accruing) were 0.21% at December 31, 2015 compared to 0.18% at September 30, 2015 and 0.24% at December 31, 2014. Total loans past due 90 days or more and still accruing were 0.01% at December, 31, 2015, unchanged from September 30, 2015 and down from 0.02% at December 31, 2014.

-- Net charge-offs were $3.4 million in the fourth quarter of 2015, a decrease of $3.3 million from $6.8 million in the third quarter of 2015. The annualized net charge-off ratio was 0.06% in the fourth quarter compared to 0.12% in the previous quarter.

Capital Ratios

Capital ratios remained strong and include the impact of common stock repurchases totaling $37.1 million, the issuance of $250 million in subordinated debt with a ten year maturity, and the repurchase of $46.7 million of the outstanding subordinated notes that mature in 2017.

-- Common Equity Tier 1 ratio was 10.37% at December 31, 2015 compared to 10.60% at September 30, 2015.

-- Tier 1 Capital ratio was 10.37% at December 31, 2015 compared to 10.60% at September 30, 2015.

-- Total Risk Based Capital ratio was 12.70% at December 31, 2015 compared to 12.02% at September 30, 2015.

-- Tier 1 Leverage ratio was 9.43% at December 31, 2015 compared to 9.45% at September 30, 2015.

-- Tangible Common Equity ratio was 9.90% at December 31, 2015 compared to 10.18% at September 30, 2015.

Fourth Quarter Earnings Conference Call

Synovus will host an earnings highlights conference call at 8:30 a.m. Eastern on January 19, 2016. The earnings call will be accompanied by a slide presentation. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. For a link to the webcast, go to www.synovus.com/webcasts. You may download RealPlayer or Windows Media Player (free download available) prior to accessing the actual call or the replay. The replay will be archived for 12 months and will be available 30-45 minutes after the call.

About Synovus

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $29 billion in assets. Synovus provides commercial and retail banking, investment, and mortgage services to customers through 28 locally-branded divisions, 257 branches, and 336 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus Bank, a wholly owned subsidiary of Synovus, was recognized as one of America’s Most Reputable Banks by American Banker and the Reputation Institute in 2015. Synovus is on the web at synovus.com, on Twitter @synovus, and on LinkedIn at http://linkedin.com/company/synovus .

Forward-Looking Statements

This press release and certain of our other filings with the Securities and Exchange Commission contain statements that constitute "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through Synovus’ use of words such as "believes," "anticipates," "expects," "may," "will," "assumes," "should," "predicts," "could," "would," "intends," "targets," "estimates," "projects," "plans," "potential" and other similar words and expressions of the future or otherwise regarding the outlook for Synovus’ future business and financial performance and/or the performance of the banking industry and economy in general. These forward-looking statements include, among others, our expectations regarding deposit growth, loan growth and the net interest margin; expectations on our growth strategy, expense initiatives, and future profitability; expectations on credit trends and key credit metrics; expectations regarding our capital management plan; and the assumptions underlying our expectations. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Synovus to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Synovus’ management and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Many of these factors are beyond Synovus’ ability to control or predict.

These forward-looking statements are based upon information presently known to Synovus’ management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Synovus’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2014 under the captions "Cautionary Notice Regarding Forward-Looking Statements" and "Risk Factors" and in Synovus’ quarterly reports on Form 10-Q and current reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law.

Use of Non-GAAP Financial Measures

The measures entitled average core deposits; average core deposits excluding average state, county, and municipal deposits; estimated Common Equity Tier 1 (CET1) ratio under Basel III (as of December 31, 2014); Tangible Common Equity ratio; adjusted earnings per diluted share; adjusted pre-tax, pre-credit costs income; and adjusted non-interest expense are not measures recognized under U.S. generally accepted accounting principles (GAAP) and therefore are considered non-GAAP financial measures. The most comparable GAAP measures are total average deposits; total shareholders’ equity to total assets ratio; net income per common share, diluted; income before income taxes; and total non-interest expense, respectively.

Synovus believes that these non-GAAP financial measures provide meaningful additional information about Synovus to assist management and investors in evaluating Synovus’ capital strength and the performance of its core business. These non-GAAP financial measures should not be considered as substitutes for total average deposits; total shareholders’ equity to total assets ratio; net income per common share, diluted; income before income taxes; and total non-interest expense determined in accordance with GAAP and may not be comparable to other similarly titled measures at other companies.

The computations of average core deposits; average core deposits excluding average state, county, and municipal deposits; estimated Common Equity Tier 1 (CET1) ratio under Basel III (as of December 31, 2014); Tangible Common Equity ratio; adjusted earnings per diluted share; adjusted pre-tax, pre-credit costs income; and adjusted non-interest expense; and the reconciliation of these measures to total average deposits; total shareholders’ equity to total assets ratio; net income per common share, diluted; income before income taxes; and total non-interest expense are set forth in the tables below.

                                                                                                                                                                                                                                                      
Reconciliation of Non-GAAP Financial Measures
(dollars in thousands)                                                                                                                                             4Q15                                           3Q15                                4Q14                              YTD 2015                                      YTD 2014
                                                                                                                                           ------------------------------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- -----------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
Average core deposits
Average core deposits excluding state, county, and municipal
deposits
                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
Average total deposits                                                                                                                                        $ 23,244,256                                                                22,860,019                                                                21,336,007                                                                22,551,679                                                                                     20,967,488
Subtract: Average brokered deposits                                                                                                          (1,185,093 )                                                              (1,357,163 )                                                              (1,602,354 )                                                              (1,421,949 )                                                                (1,434,422 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------
    Average core deposits                                                                                                                    22,059,163                                             21,502,856                                             19,733,653                                             21,129,730                                               19,533,066  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================                                           ========== ====================                                           ==================== ========== ====================
Subtract: Average state, county, and municipal deposits                                                                                      (2,303,278 )                                                              (2,124,812 )                                                              (2,184,757 )                                                              (2,232,438 )                                                                (2,215,170 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------
                                                                                                                                                              $ 19,755,885                          19,378,044                                             17,548,896                                             18,897,292                                               17,317,896  
    Average core deposits excluding state, county, and municipal
    deposits
                                                                                                                                           ==================== ========== ==================== ====================                      ========== ====================                                           ========== ====================                                           ========== ====================                                           ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                   4Q15                                           3Q15                                2Q15                                1Q15                                          4Q14
                                                                                                                                           ------------------------------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- -----------------------------------------------------
Tangible Common Equity ratio
Total assets                                                                                                                                                  $ 28,792,653                                                                28,167,135                                                                28,205,078                                                                27,632,890                                                                                     27,050,237
Subtract: Goodwill                                                                                                                                                 (24,431 )                                                                 (24,431 )                                                                 (24,431 )                                                                 (24,431 )                                                                                      (24,431 )
Subtract: Other intangible assets, net                                                                                                             (471 )                                                                    (667 )                                                                    (863 )                                                                  (1,061 )                                                                    (1,265 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------
     Tangible assets                                                                                                                         28,767,751                                             28,142,037                                             28,179,784                                             27,607,398                                               27,024,541  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================                                           ========== ====================                                           ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
Total shareholders’ equity                                                                                                            3,000,196                                                                 3,017,116                                                                 3,006,157                                                                 3,030,635                                                                                      3,041,270
Subtract: Goodwill                                                                                                                                                 (24,431 )                                                                 (24,431 )                                                                 (24,431 )                                                                 (24,431 )                                                                                      (24,431 )
Subtract: Other intangible assets, net                                                                                                                                (471 )                                                                    (667 )                                                                    (863 )                                                                  (1,061 )                                                                                       (1,265 )
Subtract: Series C Preferred Stock, no par value                                                                                               (125,980 )                                                                (125,980 )                                                                (125,980 )                                                                (125,980 )                                                                  (125,980 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------
     Tangible common equity                                                                                                                                   $  2,849,314                                              2,866,038                                              2,854,883                                              2,879,163                                                2,889,594  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================                                           ========== ====================                                           ==================== ========== ====================
Total shareholders’ equity to total assets ratio                                                                                          10.42 %                                                                   10.71 %                                                                   10.66                                                                     10.97                                                                                          11.24
Tangible Common Equity ratio                                                                                                                                          9.90 %                                                                   10.18 %                                                                   10.13                                                                     10.43                                                                                          10.69
                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
Estimated Common Equity Tier 1 (CET1) ratio under Basel III (as
of December 31, 2014)
Tier 1 common equity (Basel I)                                                                                                                                                                                                                                                                                                                                                                                                                                                             $  2,407,645
Add: Adjustment to capital components                                                                                                                                                                                                                                                                                                                                                                                                                                        157,765  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        -------------------- ---------- --------------------
Estimated common equity Tier 1 (CET1) under Basel III                                                                                                                                                                                                                                                                                                                                                                                                                                         2,565,410
Estimated risk-weighted assets under Basel III                                                                                                                                                                                                                                                                                                                                                                                                                                             $ 23,891,728
Estimated Common Equity Tier 1 (CET1) ratio under Basel III                                                                                                                                                                                                                                                                                                                                                                                                                                       10.74 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 
Reconciliation of Non-GAAP Financial Measures, continued      
                                                                                                                         
(dollars in thousands)                                                                                                                         4Q15                                         3Q15                                2Q15                                1Q15                                4Q14
                                                                                                                        ---------------------------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
                                                                                                                                                                                                                                                                                         
Adjusted net income per common share, diluted
Net income available to common shareholders                                                                                                $  55,839                                                                    55,369                                                                    53,233                                                                    51,404                                                                    50,612
Add: Litigation settlement expenses (after-tax)                                                                                                  434                                                                         -                                                                     2,688                                                                         -                                                                       283
Add: Restructuring charges (after-tax)                                                                                                            42                                                                        42                                                                         3                                                                       (65 )                                                                   2,129
Add: Loss on extinguishment of debt (after-tax)                                                                                                  937                                                                         -                                                                         -                                                                         -                                                                         -
Add: Visa indemnification charges (after-tax)                                                                                 227                                                    222                                                    216                                                    229                                                    189  
                                                                                                                        -------------------- ------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
Adjusted net income available to common shareholders                                                                                       $  57,479                                                                    55,633                                                                    56,140                                                                    51,568                                                                    53,213
Weighted average common shares outstanding - diluted                                                                                         131,197                                                                   132,297                                                                   133,625                                                                   135,744                                                                   137,831
Adjusted net income per common share, diluted                                                                                              $    0.44                                                   0.42                                                   0.42                                                   0.38                                                   0.39  
                                                                                                                        ==================== ======= ====================                                           ========== ====================                                           ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Adjusted Pre-tax, Pre-credit Costs Income
Income before income taxes                                                                                                                 $  90,741                                                                    93,986                                                                    88,034                                                                    85,812                                                                    78,928
Add: Provision for losses on loans                                                                                                             5,021                                                                     2,956                                                                     6,636                                                                     4,397                                                                     8,193
Add: Other credit costs(1)                                                                                                                     6,864                                                                     7,344                                                                     6,175                                                                    11,273                                                                     8,213
Add: Restructuring charges                                                                                                                        69                                                                        69                                                                         5                                                                      (107 )                                                                   3,484
Add: Litigation contingency/settlement expenses                                                                                                  710                                                                         -                                                                     4,400                                                                         -                                                                       463
Add: Loss on extinguishment of debt                                                                                                            1,533                                                                         -                                                                         -                                                                         -                                                                         -
Add: Visa indemnification charges                                                                                                                371                                                                       363                                                                       354                                                                       375                                                                       310
Subtract: Investment securities gains, net                                                                                    (58 )                                                                       -                                                 (1,985 )                                                                    (725 )                                                                       -  
                                                                                                                        -------------------- ------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
    Pre-tax, pre-credit costs income                                                                                                       $ 105,251                                                104,718                                                103,619                                                101,025                                                 99,591  
                                                                                                                        ==================== ======= ====================                                           ========== ====================                                           ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Adjusted Non-interest Expense
Total non-interest expense                                                                                                                 $ 183,033                                                                   177,907                                                                   177,806                                                                   178,908                                                                   184,883
Subtract: Other credit costs(1)                                                                                                               (6,864 )                                                                  (7,344 )                                                                  (6,175 )                                                                 (11,273 )                                                                  (8,213 )
Subtract: Restructuring charges                                                                                                                  (69 )                                                                     (69 )                                                                      (5 )                                                                     107                                                                    (3,484 )
Subtract: Visa indemnification charges                                                                                                          (371 )                                                                    (363 )                                                                    (354 )                                                                    (375 )                                                                    (310 )
Subtract: Loss on extinguishment of debt                                                                                                      (1,533 )                                                                       -                                                                         -                                                                         -                                                                         -
Subtract: Litigation contingency/settlement expenses                                                                         (710 )                                                                       -                                                 (4,400 )                                                                       -                                                   (463 )
                                                                                                                        -------------------- ------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
    Adjusted non-interest expense                                                                                                          $ 173,486                                                170,131                                                166,872                                                167,367                                                172,413  
                                                                                                                        ==================== ======= ====================                                           ========== ====================                                           ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                   
-------------------------------------------------------- -------------------- -------------------- -------------------- ---------------------------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
(1) Other credit costs consist primarily of foreclosed
real estate expense, net.
 
Synovus
 
   INCOME STATEMENT DATA                                                                                      Twelve Months Ended
   (Unaudited)
   (Dollars in thousands, except per share data)                                                                                                                          December 31,
                                                                                                                        -----------------------------------------------------------------------------------------------------------------
                                                                                                                         
                                                                                                                          2015        2014                   Change
                                                                                                                        -------                        -------                                           --------------------------------
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Interest income                                                                                                    $ 945,962                        928,692                                                  1.9 %
   Interest expense                                                                                                     118,644                        109,408                                                  8.4  
                                                                                                                        -------                        -------                                           ---------- --------------------
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Net interest income                                                                                                  827,318                        819,284                                                  1.0
   Provision for loan losses                                                                                             19,010                         33,831                                                (43.8 )
                                                                                                                        -------                        -------                                           ---------- --------------------
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Net interest income after provision for loan losses                                                                  808,308                        785,453                                                  2.9  
                                                                                                                        -------                        -------                                           ---------- --------------------
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Non-interest income:
      Service charges on deposit accounts                                                                                80,142                         78,897                                                  1.6
      Fiduciary and asset management fees                                                                                45,928                         45,226                                                  1.6
      Brokerage revenue                                                                                                  27,855                         27,088                                                  2.8
      Mortgage banking income                                                                                            24,096                         18,354                                                 31.3
      Bankcard fees                                                                                                      33,172                         32,931                                                  0.7
      Investment securities gains, net                                                                                    2,769                          1,331                                                108.0
      Other fee income                                                                                                   21,170                         19,130                                                 10.7
      Gain on sale of Memphis branches, net (1)                                                                               -                          5,789                                                                        nm
      Other non-interest income                                                                                          32,788                         33,358                                                 (1.7 )
                                                                                                                        -------                        -------                                           ---------- --------------------
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Total non-interest income                                                                                            267,920                        262,104                                                  2.2  
                                                                                                                        -------                        -------                                           ---------- --------------------
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Non-interest expense:
     Salaries and other personnel expense                                                                               380,918                        371,904                                                  2.4
     Net occupancy and equipment expense                                                                                107,466                        105,806                                                  1.6
     Third-party processing expense                                                                                      42,851                         40,042                                                  7.0
     FDIC insurance and other regulatory fees                                                                            27,091                         33,485                                                (19.1 )
     Professional fees                                                                                                   26,646                         26,440                                                  0.8
     Advertising expense                                                                                                 15,477                         24,037                                                (35.6 )
     Foreclosed real estate expense, net                                                                                 22,803                         25,321                                                 (9.9 )
     Visa indemnification charges                                                                                         1,464                          3,041                                                (51.9 )
     Loss on extinguishment of debt                                                                                       1,533                              -                                                                        nm
     Litigation contingency/settlement expenses                                                                           5,110                         12,812                                                (60.1 )
     Restructuring charges, net                                                                                              36                         20,585                                                (99.8 )
     Other operating expenses                                                                                            86,260                         81,525                                                  5.8  
                                                                                                                        -------                        -------                                           ---------- --------------------
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Total non-interest expense                                                                                           717,655                        744,998                                                 (3.7 )
                                                                                                                        -------                        -------                                           ---------- --------------------
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Income before income taxes                                                                                           358,573                        302,559                                                 18.5
   Income tax expense                                                                                                   132,491                        107,310                                                 23.5  
                                                                                                                        -------                        -------                                           ---------- --------------------
                                                                                                                                                                                                          
   Net income                                                                                                           226,082                        195,249                                                 15.8
                                                                                                                                                                                                          
   Dividends on preferred stock                                                                                          10,238                         10,238                                                    -  
                                                                                                                        -------                        -------                                           ---------- --------------------
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Net income available to common shareholders                                                                        $ 215,844                        185,011                                                 16.7 %
                                                                                                                        =======                        =======                                           ========== ====================
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Net income per common share, basic                                                                                 $    1.63                           1.34                                                 22.0 %
                                                                                                                                                                                                          
   Net income per common share, diluted                                                                                    1.62                           1.33                                                 21.9
                                                                                                                                                                                                          
   Cash dividends declared per common share                                                                                0.42                           0.31                                                 35.5
                                                                                                                                                                                                          
   Return on average assets                                                                                                0.80 %                         0.74                                                                     6 bps
   Return on average common equity                                                                                         7.46                           6.38                                                  108
                                                                                                                                                                                                          
                                                                                                                                                                                                          
   Weighted average common shares outstanding, basic                                                                    132,423                        138,495                                                 (4.4 )%
   Weighted average common shares outstanding, diluted                                                                  133,201                        139,154                                                 (4.3 )
                                                                                                                                                                                                          
nm - not meaningful
bps - basis points
                                                                                                                                                                                                          
(1) Consists of gain, net of associated costs, from the 1Q14 sale
of certain loans, premises, deposits, and other assets and
liabilities of the Memphis, Tennessee branches of Trust One Bank,
a division of Synovus Bank.
 
 
Synovus
 
   INCOME STATEMENT DATA
   (Unaudited)
   (In thousands, except per share data)                                                                                                              2015                                                                                              2014                 4th Quarter
                                                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------- ------- -------------------- -------------------- --------------------------------
                                                                                                                         Fourth                          Third      Second                 First                 Fourth                ’15 vs. ’14
                                                                                                                         Quarter     Quarter     Quarter               Quarter                Quarter                 Change
                                                                                                                        ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------------------------------------------- -------------------- ------- -------------------- -------------------- --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
   Interest income                                                                                                    $ 242,814                                           238,093                                           233,654                                           231,401                                                                234,703                                                  3.5 %
   Interest expense                                                                                                      30,194                                            30,303                                            30,010                                            28,138                                              27,248                                                 10.8  
                                                                                                                        -------                                           -------                                           -------                                           ------- --------------------                                           -------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                        
   Net interest income                                                                                                  212,620                                           207,790                                           203,644                                           203,263                                                                207,455                                                  2.5
   Provision for loan losses                                                                                              5,021                                             2,956                                             6,636                                             4,397                                               8,193                                                (38.7 )
                                                                                                                        -------                                           -------                                           -------                                           ------- --------------------                                           -------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                        
   Net interest income after provision for loan losses                                                                  207,599                                           204,834                                           197,008                                           198,866                                             199,262                                                  4.2  
                                                                                                                        -------                                           -------                                           -------                                           ------- --------------------                                           -------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                        
   Non-interest income:
      Service charges on deposit accounts                                                                                20,522                                            20,692                                            19,795                                            19,133                                                                 20,287                                                  1.2
      Fiduciary and asset management fees                                                                                11,206                                            11,308                                            11,843                                            11,571                                                                 11,690                                                 (4.1 )
      Brokerage revenue                                                                                                   6,877                                             6,946                                             6,782                                             7,251                                                                  6,887                                                 (0.1 )
      Mortgage banking income                                                                                             4,136                                             5,965                                             7,511                                             6,484                                                                  4,895                                                (15.5 )
      Bankcard fees                                                                                                       8,262                                             8,334                                             8,499                                             8,077                                                                  8,536                                                 (3.2 )
      Investment securities gains, net                                                                                       58                                                 -                                             1,985                                               725                                                                      -                                                                        nm
      Other fee income                                                                                                    5,798                                             5,521                                             4,605                                             5,246                                                                  4,635                                                 25.1
      Other non-interest income                                                                                           9,316                                             8,293                                             7,812                                             7,367                                               7,619                                                 22.3  
                                                                                                                        -------                                           -------                                           -------                                           ------- --------------------                                           -------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                        
   Total non-interest income                                                                                             66,175                                            67,059                                            68,832                                            65,854                                              64,549                                                  2.5  
                                                                                                                        -------                                           -------                                           -------                                           ------- --------------------                                           -------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
   Non-interest expense:
     Salaries and other personnel expense                                                                                95,524                                            94,341                                            94,565                                            96,488                                                                 92,049                                                  3.8
     Net occupancy and equipment expense                                                                                 27,816                                            26,937                                            26,541                                            26,172                                                                 26,370                                                  5.5
     Third-party processing expense                                                                                      10,993                                            10,844                                            10,672                                            10,343                                                                 10,437                                                  5.3
     FDIC insurance and other regulatory fees                                                                             6,776                                             6,591                                             6,767                                             6,957                                                                  8,115                                                (16.5 )
     Professional fees                                                                                                    8,265                                             6,371                                             6,417                                             5,594                                                                  8,013                                                  3.1
     Advertising expense                                                                                                  3,680                                             5,488                                             2,865                                             3,443                                                                  8,102                                                (54.6 )
     Foreclosed real estate expense, net                                                                                  4,454                                             4,503                                             4,351                                             9,496                                                                  6,502                                                (31.5 )
     Visa indemnification charges                                                                                           371                                               363                                               354                                               375                                                                    310                                                 19.7
     Loss on extinguishment of debt                                                                                       1,533                                                 -                                                 -                                                 -                                                                      -                                                                        nm
     Litigation contingency/settlement expenses                                                                             710                                                 -                                             4,400                                                 -                                                                    463                                                 53.3
     Restructuring charges, net                                                                                              69                                                69                                                 5                                              (107 )                                                                3,484                                                (98.0 )
     Other operating expenses                                                                                            22,842                                            22,400                                            20,869                                            20,147                                              21,038                                                  8.6  
                                                                                                                        -------                                           -------                                           -------                                           ------- --------------------                                           -------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
   Total non-interest expense                                                                                           183,033                                           177,907                                           177,806                                           178,908                                             184,883                                                 (1.0 )
                                                                                                                        -------                                           -------                                           -------                                           ------- --------------------                                           -------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                        
   Income before income taxes                                                                                            90,741                                            93,986                                            88,034                                            85,812                                                                 78,928                                                 15.0
   Income tax expense                                                                                                    32,343                                            36,058                                            32,242                                            31,849                                              25,757                                                 25.6  
                                                                                                                        -------                                           -------                                           -------                                           ------- --------------------                                           -------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                        
   Net income                                                                                                            58,398                                            57,928                                            55,792                                            53,963                                                                 53,171                                                  9.8
                                                                                                                                                                                                                                                                                                                                                                                                        
   Dividends on preferred stock                                                                                           2,559                                             2,559                                             2,559                                             2,559                                               2,559                                                    -  
                                                                                                                        -------                                           -------                                           -------                                           ------- --------------------                                           -------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                        
   Net income available to common shareholders                                                                        $  55,839                                            55,369                                            53,233                                            51,404                                              50,612                                                 10.3 %
                                                                                                                        =======                                           =======                                           =======                                           ======= ====================                                           =======                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                        
   Net income per common share, basic                                                                                 $    0.43                                              0.42                                              0.40                                              0.38                                                                   0.37                                                 16.0 %
                                                                                                                                                                                                                                                                                                                                                                                                        
   Net income per common share, diluted                                                                                    0.43                                              0.42                                              0.40                                              0.38                                                                   0.37                                                 15.9
                                                                                                                                                                                                                                                                                                                                                                                                        
   Cash dividends declared per common share                                                                                0.12                                              0.10                                              0.10                                              0.10                                                                   0.10                                                 20.0
                                                                                                                                                                                                                                                                                                                                                                                                        
   Return on average assets *                                                                                              0.81                      %                       0.81                                              0.80                                              0.80                                                                   0.79                                                                     2 bps
   Return on average common equity *                                                                                       7.67                                              7.64                                              7.39                                              7.16                                                                   6.89                                                   78
                                                                                                                                                                                                                                                                                                                                                                                                        
   Weighted average common shares outstanding, basic                                                                    130,354                                           131,516                                           132,947                                           134,933                                                                137,031                                                 (4.9 )%
   Weighted average common shares outstanding, diluted                                                                  131,197                                           132,297                                           133,625                                           135,744                                                                137,831                                                 (4.8 )
                                                                                                                                                                                                                                                                                                                                                                                                        
nm - not meaningful
bps - basis points
* - ratios are annualized
                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                           
Synovus
                                                                                                                                                                                                                                                                            
                                                                                                                                        -----------------------------------------------------                                          --------------------------------                                          --------------------------------
   BALANCE SHEET DATA                                                                                                                                     December 31, 2015                                                                   September 30, 2015                                                         December 31, 2014
                                                                                                                                        -----------------------------------------------------                                          --------------------------------                                          --------------------------------
   (Unaudited)
                                                                                                                                                                                                                                                                                                                  
   (In thousands, except share data)
                                                                                                                                                                                                                                                                                                                  
   ASSETS
   Cash and cash equivalents                                                                                                                               $    367,092                                                                   329,396                                                                   485,489
   Interest bearing funds with Federal Reserve Bank                                                                                                             829,887                                                                   837,641                                                                   721,362
   Interest earning deposits with banks                                                                                                                          17,387                                                                    21,170                                                                    11,810
                                                                                                                                                                 69,819                                                                    69,732                                                                    73,111
   Federal funds sold and securities purchased under resale agreements
   Trading account assets, at fair value                                                                                                                          5,097                                                                     5,844                                                                    13,863
   Mortgage loans held for sale, at fair value                                                                                                                   59,275                                                                    73,623                                                                    63,328
   Investment securities available for sale, at fair value                                                                                                    3,587,818                                                                 3,487,332                                                                 3,041,406
                                                                                                                                                                                                                                                                                                                  
   Loans, net of deferred fees and costs                                                                                                                     22,429,565                                                                21,864,309                                                                21,097,699
   Allowance for loan losses                                                                                                                (252,496 )                                                                (250,900 )                                                                (261,317 )
                                                                                                                                        -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
      Loans, net                                                                                                                          22,177,069                                             21,613,409                                             20,836,382  
                                                                                                                                        -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                  
   Premises and equipment, net                                                                                                                                  445,155                                                                   449,078                                                                   455,235
   Goodwill                                                                                                                                                      24,431                                                                    24,431                                                                    24,431
   Other real estate                                                                                                                                             47,030                                                                    64,346                                                                    85,472
   Deferred tax asset, net                                                                                                                                      511,948                                                                   526,492                                                                   622,464
   Other assets                                                                                                                              650,645                                                664,641                                                615,884  
                                                                                                                                        -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                  
      Total assets                                                                                                                                         $ 28,792,653                                             28,167,135                                             27,050,237  
                                                                                                                                        ==================== ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                                                                  
   LIABILITIES AND SHAREHOLDERS’ EQUITY
   Liabilities:
    Deposits:
      Non-interest bearing deposits                                                                                                                        $  6,732,970                                                                 6,570,227                                                                 6,228,472
      Interest bearing deposits, excluding brokered deposits                                                                                                 15,434,171                                                                14,961,388                                                                13,660,830
      Brokered deposits                                                                                                                    1,075,520                                              1,245,798                                              1,642,398  
                                                                                                                                        -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                  
      Total deposits                                                                                                                                         23,242,661                                                                22,777,413                                                                21,531,700
                                                                                                                                                                                                                                                                                                                  
   Federal funds purchased and securities sold under repurchase                                                                                                 177,025                                                                   135,475                                                                   126,916
   agreements
   Long-term debt                                                                                                                                             2,186,893                                                                 2,038,028                                                                 2,139,325
   Other liabilities                                                                                                                         185,878                                                199,103                                                211,026  
                                                                                                                                        -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                  
      Total liabilities                                                                                                                   25,792,457                                             25,150,019                                             24,008,967  
                                                                                                                                        -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                                                                  
   Shareholders’ equity:
      Series C Preferred Stock - no par value, 5,200,000 shares                                                                                                 125,980                                                                   125,980                                                                   125,980
      outstanding at December 31, 2015, September 30, 2015, and December
      31, 2014
      Common stock - $1.00 par value. 129,547,032 shares outstanding at                                                                                         140,592                                                                   140,526                                                                   139,950
      December 31, 2015, 130,632,731 shares outstanding at September 30,
      2015, and 136,122,843 shares outstanding at December 31, 2014
      Additional paid-in capital                                                                                                                              2,989,981                                                                 2,986,333                                                                 2,960,825
      Treasury stock, at cost - 11,045,377 shares at December 31, 2015,                                                                                        (401,511 )                                                                (364,428 )                                                                (187,774 )
      9,892,877 shares at September 30, 2015, and 3,827,579 shares at
      December 31, 2014
      Accumulated other comprehensive loss, net                                                                                                                 (29,819 )                                                                  (6,092 )                                                                 (12,605 )
      Retained earnings                                                                                                                      174,973                                                134,797                                                 14,894  
                                                                                                                                        -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
      Total shareholders’ equity                                                                                                           3,000,196                                              3,017,116                                              3,041,270  
                                                                                                                                        -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                  
      Total liabilities and shareholders’ equity                                                                                                           $ 28,792,653                                             28,167,135                                             27,050,237  
                                                                                                                                        ==================== ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                  
 
Synovus
 
   AVERAGE BALANCES AND YIELDS/RATES (1)
   (Unaudited)
   (Dollars in thousands)
                                                                                                                                                                                                                                  2015                                                                                                                                                          2014
                                                                                                                                                    -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------
                                                                                                                                                                 Fourth                                                    Third                              Second                               First                              Fourth
                                                                                                                                                                 Quarter                               Quarter                             Quarter                             Quarter                             Quarter
                                                                                                                                                    ---------------------------------------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Interest Earning Assets
---------------------------------------------------------------
   Taxable investment securities (2)                                                                                                              $  3,481,184                                                                                      3,380,543                                                                 3,165,513                                                                 2,998,597                                                                 3,027,769
      Yield                                                                                                                                               1.85                                                                %                          1.76                                                                      1.79                                                                      1.85                                                                      1.85
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Tax-exempt investment securities (2) (4)                                                                                                       $      4,352                                                                                          4,509                                                                     4,595                                                                     4,967                                                                     5,030
      Yield (taxable equivalent)                                                                                                                          6.16                                                                %                          6.21                                                                      6.15                                                                      6.21                                                                      6.19
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Trading account assets                                                                                                                         $      8,067                                                                                          7,278                                                                    12,564                                                                    14,188                                                                    12,879
      Yield                                                                                                                                               2.24                                                                %                          1.84                                                                      3.72                                                                      3.02                                                                      3.08
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Commercial loans (3) (4)                                                                                                                       $ 17,884,661                                                                                     17,522,735                                                                17,297,130                                                                17,176,641                                                                16,956,294
      Yield                                                                                                                                               3.97                                                                %                          3.99                                                                      4.01                                                                      4.06                                                                      4.09
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Consumer loans (3)                                                                                                                             $  4,233,061                                                                                      4,105,639                                                                 3,986,151                                                                 3,929,188                                                                 3,895,397
      Yield                                                                                                                                               4.27                                                                %                          4.31                                                                      4.37                                                                      4.45                                                                      4.42
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Allowance for loan losses                                                                                                                      $   (252,049 )                            (256,102 )                          (254,177 )                          (257,167 )                          (268,659 )
                                                                                                                                                    ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Loans, net (3)                                                                                                                                 $ 21,865,673                                                                                     21,372,272                                                                21,029,104                                                                20,848,662                                                                20,583,032
      Yield                                                                                                                                               4.08                                                                %                          4.10                                                                      4.14                                                                      4.19                                                                      4.22
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Mortgage loans held for sale                                                                                                                   $     50,668                                                                                         69,438                                                                    90,419                                                                    64,507                                                                    60,892
      Yield                                                                                                                                               3.84                                                                %                          3.82                                                                      3.39                                                                      3.92                                                                      3.84
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                  $  1,081,604                                                                                      1,380,686                                                                 1,590,114                                                                 1,123,250                                                                   898,871
   Federal funds sold, due from Federal Reserve Bank, and other
   short-term investments
      Yield                                                                                                                                               0.27                                                                %                          0.24                                                                      0.24                                                                      0.24                                                                      0.23
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Federal Home Loan Bank and Federal Reserve Bank stock (5)                                                                                      $     66,790                                                                                         71,852                                                                    76,091                                                                    80,813                                                                    75,547
      Yield                                                                                                                                               5.08                                                                %                          4.71                                                                      4.57                                                                      3.90                                                                      4.53
                                                                                                                            
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
   Total interest earning assets                                                                                                                  $ 26,558,338                                                                                     26,286,578                                                                25,968,400                                                                25,134,984                                                                24,664,020
      Yield                                                                   3.63       %                          3.60             3.61             3.73             3.78  
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Interest Bearing Liabilities
---------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Interest bearing demand deposits                                                                                                               $  4,117,116                                                                                      3,955,803                                                                 3,919,401                                                                 3,800,476                                                                 3,781,389
      Rate                                                                                                                                                0.17                                                                %                          0.18                                                                      0.18                                                                      0.19                                                                      0.19
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Money market accounts                                                                                                                          $  7,062,517                                                                                      6,893,563                                                                 6,466,610                                                                 6,210,704                                                                 6,009,897
      Rate                                                                                                                                                0.35                                                                %                          0.36                                                                      0.35                                                                      0.32                                                                      0.29
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Savings deposits                                                                                                                               $    692,536                                                                                        685,813                                                                   675,260                                                                   649,597                                                                   638,813
      Rate                                                                                                                                                0.06                                                                %                          0.06                                                                      0.06                                                                      0.05                                                                      0.07
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Time deposits under $100,000                                                                                                                   $  1,307,601                                                                                      1,338,994                                                                 1,351,299                                                                 1,324,513                                                                 1,315,905
      Rate                                                                                                                                                0.65                                                                %                          0.66                                                                      0.68                                                                      0.61                                                                      0.57
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Time deposits over $100,000                                                                                                                    $  2,033,193                                                                                      2,086,851                                                                 2,061,434                                                                 1,926,380                                                                 1,877,602
      Rate                                                                                                                                                0.88                                                                %                          0.88                                                                      0.88                                                                      0.80                                                                      0.76
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Brokered money market accounts                                                                                                                 $    297,925                                                                                        221,817                                                                   185,909                                                                   181,754                                                                   191,103
      Rate                                                                                                                                                0.31                                                                %                          0.31                                                                      0.31                                                                      0.30                                                                      0.28
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Brokered time deposits                                                                                                                         $    887,168                                                                                      1,135,346                                                                 1,370,022                                                                 1,413,068                                                                 1,411,252
      Rate                                                                                                                                                0.76       %                          0.71             0.67             0.63             0.58  
                                                                                                                                                    ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Total interest bearing deposits                                                                                                                $ 16,398,056                                                                                     16,318,187                                                                16,029,935                                                                15,506,492                                                                15,225,961
      Rate                                                                                                                                                0.40                                                                %                          0.42                                                                      0.42                                                                      0.39                                                                      0.36
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                  $    158,810                                                                                        207,894                                                                   232,531                                                                   222,658                                                                   186,993
   Federal funds purchased and securities sold under repurchase
   agreements
      Rate                                                                                                                                                0.08                                                                %                          0.09                                                                      0.08                                                                      0.08                                                                      0.07
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Long-term debt                                                                                                                                 $  2,007,924                                                                                      2,073,185                                                                 2,173,595                                                                 2,207,215                                                                 2,084,636
      Rate                                                                                                                                                2.63                                                                %                          2.46                                                                      2.39                                                                      2.41                                                                      2.55
                                                                                                                            
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
   Total interest bearing liabilities                                                                                                             $ 18,564,790                                                                                     18,599,266                                                                18,436,061                                                                17,936,365                                                                17,497,590
      Rate                                                                    0.65       %                          0.65             0.65             0.63             0.62  
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Non-interest bearing demand deposits                                                                                                           $  6,846,200                                                                                      6,541,832                                                                 6,436,167                                                                 6,108,558                                                                 6,110,047
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Effective cost of funds                                                                                                                                0.45                                                                %                          0.46                                                                      0.46                                                                      0.45                                                                      0.44
                                                                                                                            
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
   Net interest margin                                                        3.18       %                          3.14             3.15             3.28             3.34  
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Taxable equivalent adjustment                                                                                                                  $        311                                                                                            315                                                                       330                                                                       349                                                                       372
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
(1) Yields and rates are annualized.
(2) Excludes net unrealized gains and losses.
(3) Average loans are shown net of unearned income. Non-performing
loans are included.
(4) Reflects taxable-equivalent adjustments, using the statutory
federal income tax rate of 35%, in adjusting interest on
tax-exempt loans and investment securities to a taxable-equivalent
basis.
(5) Included as a component of Other Assets on the consolidated
balance sheet
 
Synovus
 
 
   LOANS OUTSTANDING AND NON-PERFORMING LOANS COMPOSITION
   (Unaudited)
   (Dollars in thousands)
 
 
                                                                                                                                                                                          December 31, 2015
                                                                                                            ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                                                                                      
                                                                                                                                                                                                                   Loans as a %                                                               Total                                                                    Non-performing Loans
                                                                                                                                                                                                                  of Total Loans                                                         Non-performing                                                                   as a % of Total
                  Loan Type                                                                                                      Total Loans                                  Outstanding                         Loans                               Nonperforming Loans
--------------------------------------------                                                                --------------------------------------------------   -------------------- -------------------- ---------------------------  -------------------- -------------------- ---------------------------  -------------------- -------------------- ----------------------------------------------
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
     Multi-Family                                                                                                              $  1,391,453                                                                    6.2 %                                                                                 $     223                                                              $    0.1 %
     Hotels                                                                                                                         703,825                                                                    3.1                                                                                         381                                                                   0.2
     Office Buildings                                                                                                             1,495,247                                                                    6.7                                                                                       1,170                                                                   0.7
     Shopping Centers                                                                                                               956,394                                                                    4.3                                                                                         907                                                                   0.5
     Commercial Development                                                                                                          92,809                                                                    0.4                                                                                       8,941                                                                   5.3
     Warehouses                                                                                                                     563,217                                                                    2.5                                                                                         208                                                                   0.1
     Other Investment Property                                                                                   548,686                                                 2.4                                                11,210                                                6.7  
                                                                                                            -------------------- ---------- --------------------                                           ------- --------------------                                           -------------------- -------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                          
     Total Investment Properties                                                                                                  5,751,631                                                                   25.6                                                                                      23,040                                                                  13.7
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
     1-4 Family Construction                                                                                                        168,243                                                                    0.8                                                                                           -                                                                   0.0
     1-4 Family Investment Mortgage                                                                                                 786,797                                                                    3.5                                                                                       7,708                                                                   4.6
     Residential Development                                                                                     154,814                                                 0.7                                                 9,130                                                5.4  
                                                                                                            -------------------- ---------- --------------------                                           ------- --------------------                                           -------------------- -------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                          
     Total 1-4 Family Properties                                                                                                  1,109,854                                                                    4.9                                                                                      16,838                                                                  10.0
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
     Land Acquisition                                                                                            513,981                                                 2.2                                                17,768                                               10.6  
                                                                                                            -------------------- ---------- --------------------                                           ------- --------------------                                           -------------------- -------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                          
     Total Commercial Real Estate                                                                              7,375,466                                                32.9                                                57,646                                               34.3  
                                                                                                            -------------------- ---------- --------------------                                           ------- --------------------                                           -------------------- -------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                  6,472,482                                                                   28.8                                                                                      49,137                                                                  29.1
     Commercial, Financial, and Agricultural
     Owner-Occupied                                                                                            4,318,950                                                19.3                                                20,294                                               12.1  
                                                                                                            -------------------- ---------- --------------------                                           ------- --------------------                                           -------------------- -------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                          
     Total Commercial & Industrial                                                                            10,791,432                                                48.1                                                69,431                                               41.2  
                                                                                                            -------------------- ---------- --------------------                                           ------- --------------------                                           -------------------- -------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                          
     Home Equity Lines                                                                                                            1,689,914                                                                    7.5                                                                                      16,480                                                                   9.8
     Consumer Mortgages                                                                                                           1,938,683                                                                    8.6                                                                                      22,248                                                                  13.2
     Credit Cards                                                                                                                   240,851                                                                    1.2                                                                                           -                                                                     -
     Other Retail Loans                                                                                          423,318                                                 1.9                                                 2,565                                                1.5  
                                                                                                            -------------------- ---------- --------------------                                           ------- --------------------                                           -------------------- -------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                          
     Total Retail                                                                                              4,292,766                                                19.1                                                41,293                                               24.5  
                                                                                                            -------------------- ---------- --------------------                                           ------- --------------------                                           -------------------- -------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                          
     Unearned Income                                                                                             (30,099 )                                                                 (0.1 )                                                                      -                                                                                         nm
                                                                                                            -------------------- ---------- --------------------                                           ------- --------------------                                           -------------------- -------                                           -------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                          
       Total                                                                                                                   $ 22,429,565                                               100.0 %                                                                                 $ 168,370                                              100.0 %
                                                                                                            ==================== ========== ====================                                           ======= ====================                                           ==================== =======                                           ==================== ====== ====================
                                                                                                                                                                                                                                                                                                                                                          
   LOANS OUTSTANDING BY TYPE COMPARISON
   (Unaudited)
   (Dollars in thousands)
                                                                                                                                                                  
                                                                                                            -----------------------------------------------------                                          --------------------------------                                          --------------------------------                                          -----------------------------------------------------                                          --------------------------------
                                                                                                                                 Total Loans                                                                                                                                                   4Q15 vs. 3Q15                                                                                                                                                            4Q15 vs. 4Q14
                  Loan Type                                                                                                   December 31, 2015                             September 30, 2015                     % change (1)                                December 31, 2014                                  % change
--------------------------------------------                                                                ------------------------------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ------------------------------------------------------------------------- -------------------- --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Multi-Family                                                                                                              $  1,391,453                                                                 1,345,688                                                                      13.5 %                                                                                 $  1,205,095                                                                      15.5 %
     Hotels                                                                                                                         703,825                                                                   684,106                                                                      11.4                                                                                        697,987                                                                       0.8
     Office Buildings                                                                                                             1,495,247                                                                 1,388,965                                                                      30.4                                                                                      1,196,537                                                                      25.0
     Shopping Centers                                                                                                               956,394                                                                   944,690                                                                       4.9                                                                                        881,821                                                                       8.5
     Commercial Development                                                                                                          92,809                                                                   101,946                                                                     (35.6 )                                                                                      121,990                                                                     (23.9 )
     Warehouses                                                                                                                     563,217                                                                   545,346                                                                      13.0                                                                                        559,320                                                                       0.7
     Other Investment Property                                                                                   548,686                                                546,835                                                    1.3                                                  543,925                                                    0.9  
                                                                                                            -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Total Investment Properties                                                                                                  5,751,631                                                                 5,557,576                                                                      13.9                                                                                      5,206,675                                                                      10.5
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     1-4 Family Construction                                                                                                        168,243                                                                   159,237                                                                      22.4                                                                                        143,619                                                                      17.1
     1-4 Family Investment Mortgage                                                                                                 786,797                                                                   777,196                                                                       4.9                                                                                        813,047                                                                      (3.2 )
     Residential Development                                                                                     154,814                                                158,120                                                   (8.3 )                                                                   177,217                                                  (12.6 )
                                                                                                            -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Total 1-4 Family Properties                                                                                                  1,109,854                                                                 1,094,553                                                                       5.5                                                                                      1,133,883                                                                      (2.1 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Land Acquisition                                                                                            513,981                                                538,127                                                  (17.8 )                                                                   586,045                                                  (12.3 )
                                                                                                            -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Total Commercial Real Estate                                                                              7,375,466                                              7,190,256                                                   10.2                                                6,926,603                                                    6.5  
                                                                                                            -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Commercial, Financial, and Agricultural                                                                                      6,472,482                                                                 6,277,768                                                                      12.3                                                                                      6,182,311                                                                       4.7
     Owner-Occupied                                                                                            4,318,950                                              4,265,409                                                    5.0                                                4,085,407                                                    5.7  
                                                                                                            -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Total Commercial & Industrial                                                                            10,791,432                                             10,543,177                                                    9.3                                               10,267,718                                                    5.1  
                                                                                                            -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Home Equity Lines                                                                                                            1,689,914                                                                 1,684,046                                                                       1.4                                                                                      1,683,998                                                                       0.4
     Consumer Mortgages                                                                                                           1,938,683                                                                 1,888,456                                                                      10.6                                                                                      1,694,061                                                                      14.4
     Credit Cards                                                                                                                   240,851                                                                   241,315                                                                      (0.8 )                                                                                      253,649                                                                      (5.0 )
     Other Retail Loans                                                                                          423,318                                                345,426                                                   89.5                                                  302,460                                                   40.0  
                                                                                                            -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Total Retail                                                                                              4,292,766                                              4,159,243                                                   12.7          3,934,168                                                    9.1  
                                                                                                            -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
     Unearned Income                                                                                             (30,099 )                                                                 (28,367 )                                                                    24.2                                                  (30,790 )                                                                    (2.2 )
                                                                                                            -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           -------------------- ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                               
       Total                                                                                                                   $ 22,429,565                                             21,864,309                                                   10.3 %                                                                                 $ 21,097,699                                                    6.3 %
                                                                                                            ==================== ========== ====================                                           ========== ====================                                           ========== ====================                                           ==================== ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
(1) Percentage change is annualized.
 
Synovus                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                                                                                                      
   CREDIT QUALITY DATA
   (Unaudited)
   (Dollars in thousands)                                                                                                                                                                                                          2015                                                                                                        2014                                                 4th Quarter
                                                                                                                                 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------- -------                                           ---------------------
                                                                                                                                                       Fourth                                                                  Third                                            Second                                             First                                            Fourth                                                ’15 vs. ’14
                                                                                                                                                       Quarter                          Quarter     Quarter     Quarter     Quarter                                                 Change
                                                                                                                                 ---------------------------------------------------------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- -------                                           ---------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                      
   Non-performing Loans                                                                                                                             $ 168,370                                                                157,640                                           173,638                                           194,232                                           197,757                                                (14.9 )%
   Other Loans Held for Sale (1)                                                                                                                            -                                                                      -                                                 -                                             1,082                                             3,606                                               (100.0 )
   Other Real Estate                                                                                                                47,030                                              64,346                                            66,449                                            74,791                                            85,472                                                (45.0 )
                                                                                                                                 -------------------- ------- --------------------                                           -------                                           -------                                           -------                                           -------                                           ---------- ---------
   Non-performing Assets                                                                                                                              215,400                                                                221,986                                           240,087                                           270,105                                           286,835                                                (24.9 )
                                                                                                                                                                                                                                                                                                                                                                                                                                      
   Allowance for loan losses                                                                                                                          252,496                                                                250,900                                           254,702                                           253,371                                           261,317                                                 (3.4 )
                                                                                                                                                                                                                                                                                                                                                                                                                                      
   Net Charge-Offs - Quarter                                                                                                                            3,425                                                                  6,758                                             5,306                                            12,343                                            16,253                                                (78.9 )
   Net Charge-Offs - YTD                                                                                                                               27,831                                                                 24,407                                            17,649                                            12,343                                            79,055                                                (64.8 )
   Net Charge-Offs / Average Loans - Quarter (2)                                                                                                         0.06 %                                                                 0.12                                              0.10                                              0.23                                              0.31
   Net Charge-Offs / Average Loans - YTD (2)                                                                                                             0.13                                                                   0.15                                              0.17                                              0.23                                              0.39
                                                                                                                                                                                                                                                                                                                                                                                                                                      
   Non-performing Loans / Loans                                                                                                                          0.75                                                                   0.72                                              0.81                                              0.92                                              0.94
   Non-performing Assets / Loans, Other Loans Held for Sale & ORE                                                                                        0.96                                                                   1.01                                              1.11                                              1.28                                              1.35
   Allowance / Loans                                                                                                                                     1.13                                                                   1.15                                              1.18                                              1.20                                              1.24
                                                                                                                                                                                                                                                                                                                                                                                                                                      
   Allowance / Non-performing Loans                                                                                                                    149.96                                                                 159.16                                            146.69                                            130.45                                            132.14
   Allowance / Non-performing Loans (3)                                                                                                                189.47                                                                 205.90                                            202.08                                            197.55                                            197.22
                                                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                    $   2,621                                                                  2,998                                             4,832                                             5,025                                             4,637                                                (43.5 )%
   Past Due Loans over 90 days and Still Accruing
   As a Percentage of Loans Outstanding                                                                                                                  0.01 %                                                                 0.01                                              0.02                                              0.02                                              0.02
                                                                                                                                                                                                                                                                                                                                                                                                                                      
   Total Past Due Loans and Still Accruing                                                                                                          $  47,912                                                                 39,350                                            50,860                                            57,443                                            51,251                                                 (6.5 )
   As a Percentage of Loans Outstanding                                                                                                                  0.21 %                                                                 0.18                                              0.24                                              0.27                                              0.24
                                                                                                                                                                                                                                                                                                                                                                                                                                      
   Accruing Troubled Debt Restructurings (TDRs)                                                                                                     $ 223,873                                                                240,370                                           268,542                                           313,362                                           348,427                                                (35.7 )
                                                                                                                                                                                                                                                                                                                                                                                                                                      
(1) Represent impaired loans that are intended to be sold. Held for
sale loans are carried at the lower of cost or fair value, less
costs to sell.
(2) Ratio is annualized.
(3) Excludes non-performing loans for which the expected loss has
been charged off.
 
 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                             
   SELECTED CAPITAL INFORMATION (1)
   (Unaudited)
   (Dollars in thousands)                                                                                                                                                                                                     
                                                                                                                                     ---------------------                                          --------------------                                           --------------------
                                                                                                                                       December 31, 2015                                             September 30, 2015                                              December 31, 2014
                                                                                                                                     ------------------                                             --------------------                                           --------------------
                                                                                                                                                                                                                                                                    
   Capital Rules in effect:                                                                                                                Basel III                                                      Basel III                                                       Basel I
                                                                                                                                                                                                                                                                    
   Tier 1 Capital                                                                                                                         $ 2,660,015                                                          2,637,462                                                      2,543,625
   Total Risk-Based Capital                                                                                                                 3,255,757                                                          2,990,099                                                      2,987,406
   Common Equity Tier 1 Ratio (transitional)                                                                                                    10.37 %                                                            10.60                                                             na
   Common Equity Tier 1 Ratio (fully phased-in)                                                                                                  9.77                                                               9.98                                                             na
   Tier 1 Common Equity Ratio                                                                                                                          na                                                             na                                                          10.28
   Tier 1 Capital Ratio                                                                                                                         10.37                                                              10.60                                                          10.86
   Total Risk-Based Capital Ratio                                                                                                               12.70                                                              12.02                                                          12.75
   Tier 1 Leverage Ratio                                                                                                                         9.43                                                               9.45                                                           9.67
   Common Equity as a Percentage of Total Assets (2)                                                                                             9.98                                                              10.26                                                          10.78
                                                                                                                                                 9.90                                                              10.18                                                          10.69
   Tangible Common Equity as a Percentage of Tangible Assets (3)
                                                                                                                                                11.11                                                              11.54                                                          12.33
   Tangible Common Equity as a Percentage of Risk Weighted Assets (3)
   Book Value Per Common Share (4)                                                                                                              22.19                                                              22.13                                                          21.42
   Tangible Book Value Per Common Share (3)                                                                                                     21.99                                                              21.94                                                          21.23
                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                    
   (1) Current quarter regulatory capital information is preliminary.
   2015 regulatory capital ratios determined under Basel III capital
   rules. 2014 ratios were determined under Basel I capital rules.
   (2) Common equity consists of Total Shareholders’ Equity less
   Preferred Stock.
   (3) Excludes the carrying value of goodwill and other intangible
   assets from common equity and total assets.
   (4) Book Value Per Common Share consists of Total Shareholders’
   Equity less Preferred Stock divided by total common shares
   outstanding.
 

[1] Include service charges on deposit accounts, bankcard fees, letter of credit fees, ATM fee income, line of credit non-usage fees, and miscellaneous other service charges.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20160119005705r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20160119005705/en/

SOURCE: Synovus Financial Corp.

Synovus Financial Corp. 
Media Contact: 
Lee Underwood, 706-644-0528 
Media Relations 
or 
Investor Contact: 
Bob May, 706-649-3555 
Investor Relations


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