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 Synovus Announces Earnings for the Fourth Quarter 2016
   Tuesday, January 17, 2017 6:30:03 AM ET

--Quarterly Shareholder Dividend Increase of 25% to $0.15 per Share

Synovus Financial Corp. (SNV ) today reported financial results for the quarter and year ended December 31, 2016.

Net income available to common shareholders for the fourth quarter 2016 was $66.0 million or $0.54 per diluted share as compared to $62.7 million or $0.51 per diluted share for the third quarter 2016 and $55.8 million or $0.43 per diluted share for the fourth quarter 2015. Adjusted earnings per diluted share for the fourth quarter 2016 were $0.54, a 3.6% increase from the third quarter 2016 and a 22.2% increase from the fourth quarter 2015.

2016 Highlights



-- Net income available to common shareholders for 2016 was $236.5 million or $1.89 per diluted share as compared to $215.8 million or $1.62 per diluted share for 2015. Diluted EPS grew 16.7% for 2016 compared to 2015.

-- Total average loans(1) for the year were $23.10 billion, a $1.56 billion or 7.2% increase from 2015. -- Total loans(1) ended the year at $23.86 billion, a $1.43 billion or 6.4% increase from 2015.

-- Total average deposits for the year were $23.88 billion, a $1.33 billion or 5.9% increase from 2015.

-- Total revenues(2) of $1.16 billion increased $73.9 million or 6.8% from 2015.

-- Efficiency ratio of 64.74% improved 87 basis points from 2015. -- Adjusted efficiency ratio of 61.06% improved 87 basis points from 2015.

-- Non-performing loans of $153.4 million at December 31, 2016 declined 8.9% from December 31, 2015, and the non-performing loan ratio declined 11 basis points from December 31, 2015 to 0.64% at December 31, 2016.

-- Returned over $322 million in capital to common shareholders during the year through common share repurchases and dividends. -- Common Equity Tier 1 ratio was 9.96% at December 31, 2016 compared to 10.37% at December 31, 2015.

-- Completed the acquisition of Global One effective October 1, 2016.

"We closed out 2016 with another quarter of improved profitability demonstrated by diluted earnings per share of $0.54, up 26 percent compared to the fourth quarter of 2015," said Kessel D. Stelling, Synovus Chairman and CEO. "We also achieved strong earnings per share growth for the full year and returned more than $300 million in capital to our shareholders. We are energized about the opportunities in 2017 and beyond as we focus on exceptional and efficient service delivery, understanding and meeting customer needs, further balance sheet diversification, disciplined expense management, and investing in our communities."

Consolidated Fourth Quarter Financial Results

Balance Sheet

-- Total loans(1) ended the quarter at $23.86 billion, up $593.5 million or 10.1% annualized from the previous quarter and up $1.43 billion or 6.4% as compared to the fourth quarter 2015. -- Commercial and industrial loans(1) grew by $536.0 million or 19.4% annualized from the previous quarter and $779.8 million or 7.2% as compared to the fourth quarter 2015.

-- Retail loans grew by $157.0 million or 13.0% annualized from the previous quarter and $671.7 million or 15.6% as compared to the fourth quarter 2015.

-- Commercial real estate loans declined by $99.6 million or 5.3% annualized from the previous quarter and $28.8 million or 0.4% as compared to the fourth quarter 2015.

-- Total average deposits for the quarter were $24.66 billion, up $631.0 million or 10.4% annualized from the previous quarter and $1.42 billion or 6.1% as compared to the fourth quarter 2015. -- Average core transaction accounts(3) grew by $414.1 million or 9.5% annualized from the previous quarter and $1.21 billion or 7.3% as compared to the fourth quarter 2015.

Core Performance

-- Total revenues(2) were $301.7 million, up $7.5 million or 2.6% from the previous quarter and 8.2% from the fourth quarter 2015.

-- Net interest income was $233.5 million, up $7.5 million or 3.3% from the previous quarter and 9.8% as compared to the fourth quarter 2015.

-- Net interest margin was 3.29%, up 2 basis points from the previous quarter. Yield on earning assets was 3.73%, up 2 basis points from the previous quarter, and the effective cost of funds was 0.44%, unchanged from the previous quarter.

-- Total non-interest income was $74.0 million, up $5.9 million or 8.6% compared to the previous quarter and 11.8% as compared to the fourth quarter 2015.

-- Adjusted non-interest income was $68.1 million, unchanged from the previous quarter and up 3.0% as compared to the fourth quarter 2015. -- Core banking fees(4) were $35.5 million, up $689 thousand or 2.0% from the previous quarter and 1.4% as compared to the fourth quarter 2015. -- Gains from sale of GGL/SBA loans were $2.2 million, up $878 thousand or 67.7% from the previous quarter and 57.0% as compared to the fourth quarter 2015.

-- Fiduciary and asset management fees, brokerage revenue, and insurance revenues were $20.3 million, up $787 thousand or 4.0% from the previous quarter and 7.9% as compared to the fourth quarter 2015.

-- Mortgage banking income was $5.5 million, down $1.8 million or 24.9% from the previous quarter and up 33.1% as compared to the fourth quarter 2015.

-- Total non-interest expense was $193.2 million, up $7.3 million or 3.9% from the previous quarter and 5.6% as compared to the fourth quarter 2015. -- Fourth quarter 2016 total non-interest expense includes a $4.7 million charge related to changes in the valuation of the Visa derivative and $1.1 million in merger-related expenses.

-- Adjusted non-interest expense was $187.0 million, up $3.1 million or 1.7% from the previous quarter and 3.7% as compared to the fourth quarter 2015. -- Employment expense of $101.7 million decreased $282 thousand or 0.3% from the previous quarter and increased 6.4% as compared to the fourth quarter 2015.

-- Occupancy and equipment expense of $27.9 million decreased $253 thousand or 0.9% from the previous quarter and increased 0.2% as compared to the fourth quarter 2015.

-- Other operating expenses of $23.9 million increased $2.8 million or 13.4% from the previous quarter and 5.1% as compared to the fourth quarter 2015.

-- Efficiency ratio for the fourth quarter was 63.98% as compared to 63.13% in the previous quarter and 65.59% in the fourth quarter 2015.

-- Adjusted efficiency ratio for the fourth quarter was 60.32% as compared to 60.55% in the previous quarter and 62.13% in the fourth quarter 2015.

Credit Quality

-- Non-performing loans were $153.4 million at December 31, 2016, up $5.2 million or 3.5% from the previous quarter and down $15.0 million or 8.9% from December 31, 2015. The non-performing loan ratio was 0.64% at December 31, 2016, as compared to 0.64% at the end of the previous quarter and 0.75% at December 31, 2015.

-- Total non-performing assets were $175.7 million at December 31, 2016, down $3.4 million or 1.9% from the previous quarter and down $39.7 million or 18.4% from December 31, 2015. The non-performing asset ratio was 0.74% at December 31, 2016, as compared to 0.77% at the end of the previous quarter and 0.96% at December 31, 2015.

-- Net charge-offs were $8.3 million in the fourth quarter 2016, up $1.4 million or 20.0% from $6.9 million in the previous quarter. The annualized net charge-off ratio was 0.14% in the fourth quarter as compared to 0.12% in the previous quarter.

-- Total delinquencies (consisting of loans 30 or more days past due and still accruing) remain low at 0.27% of total loans at December 31, 2016 as compared to 0.27% the previous quarter and 0.21% at December 31, 2015.

Capital Ratios

-- Common Equity Tier 1 ratio was 9.96% at December 31, 2016 compared to 9.96% at September 30, 2016.

-- Tier 1 Capital ratio was 10.08% at December 31, 2016 compared to 10.05% at September 30, 2016.

-- Total Risk Based Capital ratio was 12.01% at December 31, 2016 compared to 12.04% at September 30, 2016.

-- Tier 1 Leverage ratio was 8.99% at December 31, 2016 compared to 8.98% at September 30, 2016.

-- Tangible Common Equity ratio was 9.09% at December 31, 2016 compared to 9.28% at September 30, 2016.

Capital Management

-- During the fourth quarter, the Company completed the $300 million common stock repurchase program announced in the fourth quarter 2015, which resulted in 9.9 million total shares repurchased and reduced total share count by 7.6%.

-- Additionally, during the fourth quarter, the Board of Directors authorized a new share repurchase program of up to $200 million of the Company’s common stock to be executed during 2017.

-- The Board of Directors also approved a 25% increase in the Company’s quarterly common stock dividend from $0.12 to $0.15 per share, effective with the quarterly dividend payable in April 2017.

Fourth Quarter Earnings Conference Call

Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on January 17, 2017. 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 investor.synovus.com/event. The replay will be archived for 12 months and will be available 30-45 minutes after the call.

Synovus Financial Corp.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $30 billion in assets. Synovus provides commercial and retail banking, investment, and mortgage services to customers through 28 locally-branded divisions, 248 branches, and 328 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 2016 and 2015, and was named "Best Regional Bank, Southeast" by MONEY Magazine for 2016-2017. Synovus is on the web at synovus.com, on Twitter @synovus, and on LinkedIn at http://linkedin.com/company/synovus .

(1) Include Global One acquisition effective October 1, 2016, which added $357 million in loans.

(2) Consist of net interest income and non-interest income excluding net investment securities gains.

(3) Consist of non-interest bearing, NOW/Savings, and money market deposits excluding SCMs.

(4) Include service charges on deposit accounts, bankcard fees, letter of credit fees, ATM fee income, line of credit non-usage fees, gains from sales of government guaranteed loans, and miscellaneous other service charges.

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 deposits, loan growth and the net interest margin; expectations on our growth strategy, expense initiatives, capital management and future profitability; expectations on credit trends and key credit metrics; 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, 2015 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 adjusted diluted earnings per share; average core transaction deposit accounts; adjusted non-interest income; adjusted non-interest expense; adjusted efficiency ratio; tangible common equity ratio; and common equity Tier 1 (CET1) ratio (fully phased-in) 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 diluted earnings per share; total average deposits; total non-interest income; total non-interest expense; efficiency ratio and total shareholders’ equity to total assets ratio, respectively.

Synovus believes that these non-GAAP financial measures provide meaningful additional information about Synovus to assist management, investors, and bank regulators in evaluating Synovus’ capital strength and the performance of its core business. Adjusted diluted earnings per share is a measure used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period-to- period comparisons. Average core transaction deposit accounts are a measure used by management to evaluate organic growth of deposits and the quality of deposits as a funding source. Adjusted non-interest income is a measure utilized by management to measure non-interest income exclusive of net investment securities gains. Adjusted non-interest expense and the adjusted efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. The tangible common equity ratio and common equity Tier 1 (CET1) ratio (fully phased-in) are used by management and bank regulators to assess the strength of our capital position. These non-GAAP financial measures should not be considered as substitutes for diluted earnings per share; total average deposits; total non-interest income; total non-interest expense; efficiency ratio; and total shareholders’ equity to total assets ratio determined in accordance with GAAP and may not be comparable to other similarly titled measures at other companies.

The computations of adjusted diluted earnings per share; average core transaction deposit accounts; adjusted non-interest income; adjusted non-interest expense; adjusted efficiency ratio; tangible common equity ratio; and common equity Tier 1 (CET1) ratio (fully phased-in) and the reconciliation of these measures to diluted earnings per share; total average deposits; total non-interest income; total non-interest expense; efficiency ratio; and total shareholders’ equity to total assets ratio are set forth in the tables below.

 
Reconciliation of Non-GAAP Financial Measures
(dollars in thousands)                                                                                    4Q16                                           3Q16                                4Q15                                                    
                                                                                                                                           -----------------------------------------------------                                          --------------------------------                                          --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Adjusted Diluted Earnings per Share
Net income available to common shareholders                                                                                                                   $     65,990                                                                    62,686                                                                    55,839
Add: Litigation contingency/settlement (recovery) expense*                                                                                                               -                                                                      (189 )                                                                     710
Add: Restructuring charges                                                                                                                                              42                                                                     1,243                                                                        69
Add: Merger-related expenses                                                                                                                                         1,086                                                                       550                                                                         -
Add: Fair value adjustment to Visa derivative                                                                                                                        4,716                                                                       360                                                                       371
Add: Loss on early extinguishment of debt                                                                                                                                -                                                                         -                                                                     1,533
Subtract: Investment securities gains, net                                                                                                                          (5,885 )                                                                     (59 )                                                                     (58 )
Tax effect of adjustments                                                                                                                            15                                                   (697 )                                                                    (961 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
Adjusted net income available to common shareholders                                                                                                          $     65,964                                                 63,894                                                 57,503  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================
Weighted average common shares outstanding, diluted                                                                                                                123,187                                                                   123,604                                                                   131,197
Adjusted diluted earnings per share                                                                                                                           $       0.54                                                   0.52                                                   0.44  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Average Core Transaction Deposit Accounts
Total average deposits                                                                                                                                        $ 24,661,265                                                                24,030,330                                                                23,244,256
Subtract: Average brokered deposits                                                                                                                             (1,380,931 )                                                              (1,409,740 )                                                              (1,185,093 )
Subtract: Average time deposits excluding average SCM time deposits                                                                                             (3,147,620 )                                                              (3,153,366 )                                                              (3,188,706 )
Subtract: Average state, county, and municipal (SCM) deposits                                                                                (2,356,567 )                                                              (2,105,126 )                                                              (2,303,278 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
Average core transaction deposit accounts                                                                                                                     $ 17,776,147                                             17,362,098                                             16,567,179  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Adjusted Non-interest Income
Total non-interest income                                                                                                                                     $     74,006                                                                    68,155                                                                    66,175
Subtract: Investment securities gains, net                                                                                                       (5,885 )                                                                     (59 )                                                                     (58 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
  Adjusted non-interest income                                                                                                                                $     68,121                                                 68,096                                                 66,117  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Reconciliation of Non-GAAP Financial Measures, continued
(dollars in thousands)                                                                                                                                             4Q16                                                                                 3Q16                                                                      4Q15                                                                     2016                                                                      2015
                                                                                                                                           --------------------------------------------------                                             ------------------------------                                            ------------------------------                                            -----------------------------                                            ------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Adjusted Non-interest Expense
Total non-interest expense                                                                                                                                    $    193,209                                                                   185,871                                                                   183,033                                                                  755,925                                                                   717,655
Subtract: Restructuring charges                                                                                                                                        (42 )                                                                  (1,243 )                                                                     (69 )                                                                 (8,267 )                                                                     (36 )
Subtract: Fair value adjustment to Visa derivative                                                                                                                  (4,716 )                                                                    (360 )                                                                    (371 )                                                                 (5,795 )                                                                  (1,463 )
Subtract: Litigation contingency/settlement recovery (expense)*                                                                                                          -                                                                       189                                                                      (710 )                                                                 (2,511 )                                                                  (5,110 )
Subtract: Loss on early extinguishment of debt                                                                                                                           -                                                                         -                                                                         -                                                                   (4,735 )                                                                  (1,533 )
Subtract: Merger-related expenses                                                                                                                                   (1,086 )                                                                    (550 )                                                                  (1,533 )                                                                 (1,636 )                                                                       -
Subtract: Amortization of intangibles                                                                                                              (400 )                                                                       -                                                   (123 )                                                                   (521 )                                                                    (503 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           --------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
    Adjusted non-interest expense                                                                                                                             $    186,965                                                183,907                                                180,227                                               732,460                                                709,010  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================                                           ========= ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Adjusted Efficiency Ratio
Adjusted non-interest expense                                                                                                                                 $    186,965                                                                   183,907                                                                   180,227                                                                  732,460                                                                   709,010
Subtract: Foreclosed real estate expense                                                                                                                            (2,840 )                                                                  (2,725 )                                                                  (4,454 )                                                                (12,838 )                                                                 (22,804 )
Subtract: Other credit costs                                                                                                                     (1,969 )                                                                  (2,913 )                                                                  (2,410 )                                                                 (6,701 )                                                                  (8,853 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           --------- --------------------                                           ---------- --------------------
Adjusted non-interest expense excluding total credit costs                                                                                                    $    182,156                                                178,269                                                173,363                                               712,921                                                677,353  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================                                           ========= ====================                                           ========== ====================
Net interest income                                                                                                                                                233,530                                                                   226,007                                                                   212,620                                                                  899,180                                                                   827,318
Add: Tax equivalent adjustment                                                                                                                                         322                                                                       330                                                                       311                                                                    1,286                                                                     1,304
Add: Total non-interest income                                                                                                                                      74,006                                                                    68,155                                                                    66,175                                                                  273,194                                                                   267,920
Subtract: Investment securities gains, net                                                                                                       (5,885 )                                                                     (59 )                                                                     (58 )                                                                 (6,011 )                                                                  (2,769 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                           --------- --------------------                                           ---------- --------------------
Total revenues                                                                                                                                                $    301,973                                                294,433                                                279,048                                             1,167,649                                              1,093,773  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================                                           ========= ====================                                           ========== ====================
  Adjusted efficiency ratio                                                                                                                       60.32 %                                                                   60.55                                                  62.13                                                 61.06                                                  61.93  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================                                           ========= ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 
Reconciliation of Non-GAAP Financial Measures, continued
(dollars in thousands)                                                                                                                                             4Q16                                                                                 3Q16                                                                      4Q15
                                                                                                                                           -----------------------------------------------------                                          --------------------------------                                          --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Tangible common equity ratio
Total assets                                                                                                                                                  $ 30,104,002                                                                29,727,096                                                                28,792,653
Subtract: Goodwill                                                                                                                                                 (59,678 )                                                                 (24,431 )                                                                 (24,431 )
Subtract: Other intangible assets, net                                                                                                          (13,223 )                                                                    (225 )                                                                    (471 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
  Tangible assets                                                                                                                                             $ 30,031,101                                             29,702,440                                             28,767,751  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Total shareholders’ equity                                                                                                         $  2,927,924                                                                 2,906,659                                                                 3,000,196
Subtract: Goodwill                                                                                                                                                 (59,678 )                                                                 (24,431 )                                                                 (24,431 )
Subtract: Other intangible assets, net                                                                                                                             (13,223 )                                                                    (225 )                                                                    (471 )
Subtract: Series C Preferred Stock, no par value                                                                                               (125,980 )                                                                (125,980 )                                                                (125,980 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
  Tangible common equity                                                                                                                                      $  2,729,043                                              2,756,023                                              2,849,314  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================
Total shareholders’ equity to total assets ratio                                                                                           9.73 %                                                                    9.78                                                                     10.42
Tangible common equity ratio                                                                                                                                          9.09 %                                                                    9.28                                                                      9.90
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Common Equity Tier 1 (CET1) ratio (fully phased-in)
Common Equity Tier 1 (CET1)                                                                                                                                   $  2,654,286                                                                 2,596,233                                                                 2,660,016
Adjustment related to capital components                                                                                                        (94,386 )                                                                (101,843 )                                                                (128,480 )
                                                                                                                                           -------------------- ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
CET1 (fully phased-in)                                                                                                                                        $  2,559,900                                              2,494,390                                              2,531,536  
                                                                                                                                           ==================== ========== ====================                                           ========== ====================                                           ========== ====================
Total risk-weighted assets (fully phased-in)                                                                                                                  $ 26,900,331                                                                26,323,936                                                                25,915,650
Common Equity Tier 1 (CET1) ratio (fully phased-in)                                                                                                                   9.52 %                                                                    9.48                                                                      9.77
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
* Amounts for other periods presented herein are not
reported separately as amounts are not material.
 
 
Synovus
 
   INCOME STATEMENT DATA                                                                                                                   Twelve Months Ended
   (Unaudited)
   (Dollars in thousands, except per share data)                                                                                                                                                       December 31,
                                                                                                                        ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                      
                                                                                                                           2016           2015                Change            
                                                                                                                        --------- -------------------- -------------------- -------------------- ------- -------------------- -------------------- -----------------------------------------------
                                                                                                                                                                                                                                                                               
   Interest income                                                                                                    $ 1,022,803                                                                945,962                                             8.1                      %
   Interest expense                                                                                                       123,623                                                                118,644                                             4.2  
                                                                                                                        ---------                                                                -------                                           ----- --------------------
                                                                                                                                                                                                                                                                               
   Net interest income                                                                                                    899,180                                                                827,318                                             8.7
   Provision for loan losses                                                                                               28,000                                                                 19,010                                            47.3  
                                                                                                                        ---------                                                                -------                                           ----- --------------------
                                                                                                                                                                                                                                                                               
   Net interest income after provision for loan losses                                                                    871,180                                                                808,308                                             7.8  
                                                                                                                        ---------                                                                -------                                           ----- --------------------
                                                                                                                                                                                                                                                                               
   Non-interest income:
      Service charges on deposit accounts                                                                                  81,425                                                                 80,142                                             1.6
      Fiduciary and asset management fees                                                                                  46,594                                                                 45,928                                             1.5
      Brokerage revenue                                                                                                    27,028                                                                 27,855                                            (3.0 )
      Mortgage banking income                                                                                              24,259                                                                 24,096                                             0.7
      Bankcard fees                                                                                                        33,318                                                                 33,172                                             0.4
      Investment securities gains, net                                                                                      6,011                                                                  2,769                                           117.1
      Other fee income                                                                                                     20,220                                                                 21,170                                            (4.5 )
      Other non-interest income                                                                                            34,339                                                                 32,788                                             4.7  
                                                                                                                        ---------                                                                -------                                           ----- --------------------
                                                                                                                                                                                                                                                                               
   Total non-interest income                                                                                              273,194                                                                267,920                                             2.0  
                                                                                                                        ---------                                                                -------                                           ----- --------------------
                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                               
   Non-interest expense:
      Salaries and other personnel expense                                                                                402,026                                                                380,918                                             5.5
      Net occupancy and equipment expense                                                                                 109,347                                                                107,466                                             1.8
      Third-party processing expense                                                                                       46,320                                                                 42,851                                             8.1
      FDIC insurance and other regulatory fees                                                                             26,714                                                                 27,091                                            (1.4 )
      Professional fees                                                                                                    26,698                                                                 26,646                                             0.2
      Advertising expense                                                                                                  20,264                                                                 15,477                                            30.9
      Foreclosed real estate expense, net                                                                                  12,838                                                                 22,803                                           (43.7 )
      Merger-related expense                                                                                                1,636                                                                      -                                                                   nm
      Amortization of intangibles                                                                                             521                                                                    503                                             3.6
      Fair value adjustment to Visa derivative                                                                              5,795                                                                  1,464                                           295.8
      Loss on early extinguishment of debt                                                                                  4,735                                                                  1,533                                           208.9
      Litigation settlement/contingency expense                                                                             2,511                                                                  5,110                                           (50.9 )
      Restructuring charges, net                                                                                            8,267                                                                     36                                                                   nm
      Other operating expenses                                                                                             88,251                                                                 85,757                                             2.9  
                                                                                                                        ---------                                                                -------                                           ----- --------------------
                                                                                                                                                                                                                                                                               
   Total non-interest expense                                                                                             755,923                                                                717,655                                             5.3  
                                                                                                                        ---------                                                                -------                                           ----- --------------------
                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                               
   Income before income taxes                                                                                             388,451                                                                358,573                                             8.3
   Income tax expense                                                                                                     141,667                                                                132,491                                             6.9  
                                                                                                                        ---------                                                                -------                                           ----- --------------------
                                                                                                                                                                                                                                                                               
   Net income                                                                                                             246,784                                                                226,082                                             9.2
                                                                                                                                                                                                                                                                               
   Dividends on preferred stock                                                                                            10,238                                                                 10,238                                               -  
                                                                                                                        ---------                                                                -------                                           ----- --------------------
                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                               
   Net income available to common shareholders                                                                        $   236,546                                                                215,844                                             9.6   %
                                                                                                                        =========                                                                =======                                           ===== ====================
                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                               
   Net income per common share, basic                                                                                 $      1.90                                                                   1.63                                            16.7                      %
                                                                                                                                                                                                                                                                               
   Net income per common share, diluted                                                                                      1.89                                                                   1.62                                            16.7
                                                                                                                                                                                                                                                                               
   Cash dividends declared per common share                                                                                  0.48                                                                   0.42                                            14.3
                                                                                                                                                                                                                                                                               
   Return on average assets                                                                                                  0.84 %                                                                 0.80                                               4                      bp
   Return on average common equity                                                                                           8.41                                                                   7.46                                              95
                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                               
   Weighted average common shares outstanding, basic                                                                      124,389                                                                132,423                                            (6.1 )                    %
   Weighted average common shares outstanding, diluted                                                                    125,078                                                                133,201                                            (6.1 )
                                                                                                                                                                                                                                                                               
nm - not meaningful
bps - basis points
                                                                                                                                                                                                                                                                               
 
Synovus
 
   INCOME STATEMENT DATA
   (Unaudited)
   (In thousands, except per share data)                                                                                                                            2016                                                                                                        2015               4th Quarter         
                                                                                                                           ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------- ------- -------------------- -------------------- ------------------------------------------------
                                                                                                                            Fourth                                      Third                 Second       First      Fourth              ’16 vs. ’15
                                                                                                                            Quarter                 Quarter                Quarter     Quarter     Quarter               Change            
                                                                                                                           ------- -------------------- -------------------- -------------------- ------------------------------------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Interest income                                                                                                       $ 264,534                                                                256,554                                                                252,393                                           249,323                                           242,814                                              8.9                      %
   Interest expense                                                                                                         31,004                                                                 30,547                                              30,944                                            31,130                                            30,194                                              2.7  
                                                                                                                           -------                                                                ------- --------------------                                           -------                                           -------                                           -------                                           ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Net interest income                                                                                                     233,530                                                                226,007                                                                221,449                                           218,193                                           212,620                                              9.8
   Provision for loan losses                                                                                                 6,259                                                                  5,671                                               6,693                                             9,377                                             5,021                                             24.7  
                                                                                                                           -------                                                                ------- --------------------                                           -------                                           -------                                           -------                                           ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Net interest income after provision for loan losses                                                                     227,271                                                                220,336                                             214,756                                           208,816                                           207,599                                              9.5  
                                                                                                                           -------                                                                ------- --------------------                                           -------                                           -------                                           -------                                           ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Non-interest income:
      Service charges on deposit accounts                                                                                   20,653                                                                 20,822                                                                 20,240                                            19,710                                            20,522                                              0.6
      Fiduciary and asset management fees                                                                                   11,903                                                                 11,837                                                                 11,580                                            11,274                                            11,206                                              6.2
      Brokerage revenue                                                                                                      7,009                                                                  6,199                                                                  7,338                                             6,483                                             6,877                                              1.9
      Mortgage banking income                                                                                                5,504                                                                  7,329                                                                  5,941                                             5,484                                             4,136                                             33.1
      Bankcard fees                                                                                                          8,330                                                                  8,269                                                                  8,346                                             8,372                                             8,262                                              0.8
      Investment securities gains, net                                                                                       5,885                                                                     59                                                                      -                                                67                                                58                                                                    nm
      Other fee income                                                                                                       4,965                                                                  5,171                                                                  5,280                                             4,804                                             5,798                                            (14.4 )
      Other non-interest income                                                                                              9,757                                                                  8,469                                               9,161                                             6,953                                             9,316                                              4.7  
                                                                                                                           -------                                                                ------- --------------------                                           -------                                           -------                                           -------                                           ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Total non-interest income                                                                                                74,006                                                                 68,155                                              67,886                                            63,147                                            66,175                                             11.8  
                                                                                                                           -------                                                                ------- --------------------                                           -------                                           -------                                           -------                                           ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Non-interest expense:
     Salaries and other personnel expense                                                                                  101,662                                                                101,945                                                                 97,061                                           101,358                                            95,524                                              6.4
     Net occupancy and equipment expense                                                                                    27,867                                                                 28,120                                                                 26,783                                            26,577                                            27,816                                              0.2
     Third-party processing expense                                                                                         12,287                                                                 11,219                                                                 11,698                                            11,116                                            10,993                                             11.8
     FDIC insurance and other regulatory fees                                                                                6,614                                                                  6,756                                                                  6,625                                             6,719                                             6,776                                             (2.4 )
     Professional fees                                                                                                       6,904                                                                  6,486                                                                  6,938                                             6,369                                             8,265                                            (16.5 )
     Advertising expense                                                                                                     4,905                                                                  5,597                                                                  7,351                                             2,410                                             3,680                                             33.3
     Foreclosed real estate expense, net                                                                                     2,840                                                                  2,725                                                                  4,588                                             2,684                                             4,454                                            (36.2 )
     Merger-related expense                                                                                                  1,086                                                                    550                                                                      -                                                 -                                                 -                                                                    nm
     Amortization of intangibles                                                                                               400                                                                      -                                                                      -                                               121                                               123                                                                    nm
     Fair value adjustment to Visa derivative                                                                                4,716                                                                    360                                                                    360                                               360                                               371                                                                    nm
     Loss on early extinguishment of debt                                                                                        -                                                                      -                                                                      -                                             4,735                                             1,533                                                -
     Litigation contingency/settlement (recovery) expense                                                                        -                                                                   (189 )                                                                    -                                             2,700                                               710                                           (100.0 )
     Restructuring charges, net                                                                                                 42                                                                  1,243                                                                  5,841                                             1,140                                                69                                            (39.1 )
     Other operating expenses                                                                                               23,886                                                                 21,059                                              21,366                                            21,944                                            22,720                                              5.1  
                                                                                                                           -------                                                                ------- --------------------                                           -------                                           -------                                           -------                                           ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Total non-interest expense                                                                                              193,209                                                                185,871                                             188,611                                           188,233                                           183,034                                              5.6  
                                                                                                                           -------                                                                ------- --------------------                                           -------                                           -------                                           -------                                           ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Income before income taxes                                                                                              108,068                                                                102,620                                                                 94,031                                            83,730                                            90,741                                             19.1
   Income tax expense                                                                                                       39,519                                                                 37,375                                              33,574                                            31,199                                            32,343                                             22.2  
                                                                                                                           -------                                                                ------- --------------------                                           -------                                           -------                                           -------                                           ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Net income                                                                                                               68,549                                                                 65,245                                                                 60,457                                            52,531                                            58,398                                             17.4
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Dividends on preferred stock                                                                                              2,559                                                                  2,559                                               2,559                                             2,559                                             2,559                                                -  
                                                                                                                           -------                                                                ------- --------------------                                           -------                                           -------                                           -------                                           ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Net income available to common shareholders                                                                           $  65,990                                                                 62,686                                              57,898                                            49,972                                            55,839                                             18.2   %
                                                                                                                           =======                                                                ======= ====================                                           =======                                           =======                                           =======                                           ====== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Net income per common share, basic                                                                                    $    0.54                                                                   0.51                                                                   0.46                                              0.39                                              0.43                                             25.9                      %
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Net income per common share, diluted                                                                                       0.54                                                                   0.51                                                                   0.46                                              0.39                                              0.43                                             25.9
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Cash dividends declared per common share                                                                                   0.12                                                                   0.12                                                                   0.12                                              0.12                                              0.12                                              0.0
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Return on average assets *                                                                                                 0.90 %                                                                 0.88                                                                   0.83                                              0.73                                              0.81                                                9                      bps
   Return on average common equity *                                                                                          9.42                                                                   8.89                                                                   8.26                                              7.06                                              7.67                                              175
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
   Weighted average common shares outstanding, basic                                                                       122,341                                                                122,924                                                                125,100                                           127,227                                           130,354                                             (6.1 )                    %
   Weighted average common shares outstanding, diluted                                                                     123,187                                                                123,604                                                                125,699                                           127,857                                           131,197                                             (6.1 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 nm - not meaningful
 bps - basis points
* - ratios are annualized
                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                        
Synovus
                                                                                                                                                                                                                                                         
                                                                                                                                          --------------------------------                                          --------------------------------                                          --------------------------------
   BALANCE SHEET DATA                                                                                                                             December 31, 2016                                                        September 30, 2016                                                         December 31, 2015
                                                                                                                                          --------------------------------                                          --------------------------------                                          --------------------------------
   (Unaudited)
                                                                                                                                                                                                                                                                                               
   (In thousands, except share data)
                                                                                                                                                                                                                                                                                               
   ASSETS
                                                                                                                                        $    395,175                                                                   367,342                                                                   367,092
   Cash and cash equivalents
   Interest bearing funds with Federal Reserve Bank                                                                                          527,090                                                                   985,776                                                                   829,887
   Interest earning deposits with banks                                                                                                       18,720                                                                    18,375                                                                    17,387
                                                                                                                                              58,060                                                                    71,753                                                                    69,819
   Federal funds sold and securities purchased under resale agreements
   Trading account assets, at fair value                                                                                                       9,314                                                                     7,309                                                                     5,097
   Mortgage loans held for sale, at fair value                                                                                                51,545                                                                    95,769                                                                    59,275
   Investment securities available for sale, at fair value                                                                                 3,718,195                                                                 3,603,153                                                                 3,587,818
                                                                                                                                                                                                                                                                                               
   Loans, net of deferred fees and costs                                                                                                  23,856,391                                                                23,262,887                                                                22,429,565
   Allowance for loan losses                                                                                                                (251,758 )                                                                (253,817 )                                                                (252,496 )
                                                                                                                                          ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
        Loans, net                                                                                                                        23,604,633                                             23,009,070                                             22,177,069  
                                                                                                                                          ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                               
   Premises and equipment, net                                                                                                               417,485                                                                   418,091                                                                   445,155
   Goodwill                                                                                                                                   59,678                                                                    24,431                                                                    24,431
   Intangible assets, net                                                                                                                     13,223                                                                       225                                                                       471
   Other real estate                                                                                                                          22,308                                                                    28,438                                                                    47,030
   Deferred tax asset, net                                                                                                                   395,356                                                                   395,795                                                                   511,948
   Other assets                                                                                                                              813,220                                                701,569                                                650,174  
                                                                                                                                          ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                               
        Total assets                                                                                                                    $ 30,104,002                                             29,727,096                                             28,792,653  
                                                                                                                                          ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                               
   LIABILITIES AND SHAREHOLDERS’ EQUITY
   Liabilities:
      Deposits:
        Non-interest bearing deposits                                                                                                   $  7,085,804                                                                 7,059,059                                                                 6,732,970
        Interest bearing deposits, excluding brokered deposits                                                                            16,183,273                                                                15,817,596                                                                15,434,171
        Brokered deposits                                                                                                                  1,378,983                                              1,315,348                                              1,075,520  
                                                                                                                                          ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                               
        Total deposits                                                                                                                    24,648,060                                                                24,192,003                                                                23,242,661
                                                                                                                                                                                                                                                                                               
   Federal funds purchased and securities sold under repurchase                                                                              159,699                                                                   195,025                                                                   177,025
   agreements
   Long-term debt                                                                                                                          2,160,881                                                                 2,160,985                                                                 2,186,893
   Other liabilities                                                                                                                         207,438                                                272,424                                                185,878  
                                                                                                                                          ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                               
        Total liabilities                                                                                                                 27,176,078                                             26,820,437                                             25,792,457  
                                                                                                                                          ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                               
   Shareholders’ equity:
      Series C Preferred Stock - no par value, 5,200,000 shares                                                                              125,980                                                                   125,980                                                                   125,980
      outstanding at December 31, 2016, September 30, 2016, and December
      31, 2015
      Common stock - $1.00 par value. 122,266,106 shares outstanding at                                                                      142,026                                                                   141,066                                                                   140,592
      December 31, 2016, 121,453,772 shares outstanding at September 30,
      2016, and 129,547,032 shares outstanding at December 31, 2015
      Additional paid-in capital                                                                                                           3,028,405                                                                 2,987,760                                                                 2,989,981
      Treasury stock, at cost - 19,759,614 shares at December 31, 2016,                                                                     (664,595 )                                                                (654,014 )                                                                (401,511 )
      19,612,435 shares at September 30, 2016, and 11,045,377 shares at
      December 31, 2015
      Accumulated other comprehensive (loss) gain                                                                                            (55,659 )                                                                   5,165                                                                   (29,819 )
      Retained earnings                                                                                                                      351,767                                                300,702                                                174,973  
                                                                                                                                          ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
      Total shareholders’ equity                                                                                                           2,927,924                                              2,906,659                                              3,000,196  
                                                                                                                                          ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                               
       Total liabilities and shareholders’ equity                                                                                       $ 30,104,002                                             29,727,096                                             28,792,653  
                                                                                                                                          ========== ====================                                           ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                               
 
Synovus
 
   AVERAGE BALANCES AND YIELDS/RATES (1)
   (Unaudited)
   (Dollars in thousands)
                                                                                                                                                                                                                                  2016                                                                                                                                                          2015
                                                                                                                                                    -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------- --------------------------------
                                                                                                                                                                 Fourth                                                    Third                              Second                               First                              Fourth
                                                                                                                                                                 Quarter                               Quarter                             Quarter                             Quarter                             Quarter
                                                                                                                                                    ---------------------------------------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
   Interest Earning Assets
---------------------------------------------------------------
   Taxable investment securities (2)                                                                                                              $  3,643,510                                                                                      3,544,933                                                                 3,529,030                                                                 3,537,131                                                                 3,481,184
      Yield                                                                                                                                               1.92                      %                                                                    1.83                                                                      1.89                                                                      1.91                                                                      1.85
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Tax-exempt investment securities (2) (4)                                                                                                       $      2,824                                                                                          2,943                                                                     3,491                                                                     4,091                                                                     4,352
      Yield (taxable equivalent)                                                                                                                          5.82                      %                                                                    5.96                                                                      6.08                                                                      6.37                                                                      6.16
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Trading account assets                                                                                                                         $      6,799                                                                                          5,493                                                                     3,803                                                                     5,216                                                                     8,067
      Yield                                                                                                                                               2.63                      %                                                                    0.93                                                                      1.27                                                                      1.65                                                                      2.24
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Commercial loans (3) (4)                                                                                                                       $ 18,812,659                                                                                     18,419,484                                                                18,433,638                                                                18,253,169                                                                17,884,661
      Yield                                                                                                                                               4.05                      %                                                                    4.03                                                                      4.04                                                                      4.03                                                                      3.97
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Consumer loans (3)                                                                                                                             $  4,911,149                                                                                      4,720,082                                                                 4,497,147                                                                 4,334,817                                                                 4,233,061
      Yield                                                                                                                                               4.27                      %                                                                    4.30                                                                      4.32                                                                      4.37                                                                      4.27
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Allowance for loan losses                                                                                                                      $   (253,713 )                            (255,675 )                          (251,101 )                          (258,097 )                          (252,049 )
                                                                                                                                                    ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Loans, net (3)                                                                                                                                 $ 23,470,095                                                                                     22,883,891                                                                22,679,684                                                                22,329,889                                                                21,865,673
      Yield                                                                                                                                               4.14                      %                                                                    4.14                                                                      4.15                                                                      4.15                                                                      4.08
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Mortgage loans held for sale                                                                                                                   $     77,652                                                                                         87,524                                                                    72,477                                                                    63,339                                                                    50,668
      Yield                                                                                                                                               3.51                      %                                                                    3.32                                                                      3.59                                                                      3.72                                                                      3.84
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                  $    982,355                                                                                        998,565                                                                   907,614                                                                   885,938                                                                 1,081,604
   Federal funds sold, due from Federal Reserve Bank, and other
   short-term investments
      Yield                                                                                                                                               0.49                      %                                                                    0.48                                                                      0.47                                                                      0.47                                                                      0.27
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Federal Home Loan Bank and Federal Reserve Bank stock (5)                                                                                      $    121,079                                                                                         70,570                                                                    77,571                                                                    80,679                                                                    66,790
      Yield                                                                                                                                               3.75                      %                                                                    4.99                                                                      5.15                                                                      3.82                                                                      5.08
                                                                                                                            
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
   Total interest earning assets                                                                                                                  $ 28,304,314                                                                                     27,593,919                                                                27,273,670                                                                26,906,283                                                                26,558,338
      Yield                                                                   3.73   %                              3.71             3.73             3.73             3.63  
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Interest Bearing Liabilities
---------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Interest bearing demand deposits                                                                                                               $  4,488,135                                                                                      4,274,117                                                                 4,233,310                                                                 4,198,738                                                                 4,117,116
      Rate                                                                                                                                                0.16                      %                                                                    0.16                                                                      0.18                                                                      0.17                                                                      0.17
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Money market accounts                                                                                                                          $  7,359,067                                                                                      7,227,030                                                                 7,082,759                                                                 7,095,778                                                                 7,062,517
      Rate                                                                                                                                                0.29                      %                                                                    0.29                                                                      0.31                                                                      0.32                                                                      0.35
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Savings deposits                                                                                                                               $    908,725                                                                                        797,961                                                                   746,225                                                                   722,172                                                                   692,536
      Rate                                                                                                                                                0.12                      %                                                                    0.07                                                                      0.06                                                                      0.07                                                                      0.06
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Time deposits under $100,000                                                                                                                   $  1,229,809                                                                                      1,248,294                                                                 1,262,280                                                                 1,279,811                                                                 1,307,601
      Rate                                                                                                                                                0.64                      %                                                                    0.64                                                                      0.64                                                                      0.65                                                                      0.65
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Time deposits over $100,000                                                                                                                    $  2,014,564                                                                                      2,030,242                                                                 2,016,116                                                                 2,006,302                                                                 2,033,193
      Rate                                                                                                                                                0.90                      %                                                                    0.88                                                                      0.89                                                                      0.89                                                                      0.88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Non maturing brokered deposits                                                                                                                 $    638,779                                                                                        634,596                                                                   451,398                                                                   315,006                                                                   297,925
      Rate                                                                                                                                                0.31                      %                                                                    0.29                                                                      0.39                                                                      0.48                                                                      0.31
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Brokered time deposits                                                                                                                         $    742,153                                                                                        775,143                                                                   885,603                                                                   780,233                                                                   887,168
      Rate                                                                                                                                                0.90   %                              0.88             0.85             0.83             0.76  
                                                                                                                                                    ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Total interest bearing deposits                                                                                                                $ 17,381,232                                                                                     16,987,383                                                                16,677,691                                                                16,398,040                                                                16,398,056
      Rate                                                                                                                                                0.37                      %                                                                    0.37                                                                      0.39                                                                      0.39                                                                      0.40
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                  $    219,429                                                                                        247,378                                                                   221,276                                                                   177,921                                                                   158,810
   Federal funds purchased and securities sold under repurchase
   agreements
      Rate                                                                                                                                                0.08                      %                                                                    0.09                                                                      0.09                                                                      0.10                                                                      0.08
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Long-term debt                                                                                                                                 $  2,190,716                                                                                      2,114,193                                                                 2,279,043                                                                 2,361,973                                                                 2,007,924
      Rate                                                                                                                                                2.65                      %                                                                    2.71                                                                      2.55                                                                      2.55                                                                      2.63
                                                                                                                            
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
   Total interest bearing liabilities                                                                                                             $ 19,791,377                                                                                     19,348,954                                                                19,178,010                                                                18,937,934                                                                18,564,790
      Rate                                                                    0.62   %                              0.63             0.65             0.66             0.65  
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Non-interest bearing demand deposits                                                                                                           $  7,280,033                                                                                      7,042,908                                                                 6,930,336                                                                 6,812,223                                                                 6,846,200
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Effective cost of funds                                                                                                                                0.44                      %                                                                    0.44                                                                      0.46                                                                      0.46                                                                      0.45
                                                                                                                            
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- --------------------------------
   Net interest margin                                                        3.29   %                              3.27             3.27             3.27             3.18  
--------------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
   Taxable equivalent adjustment                                                                                                                  $        322                                                                                            330                                                                       329                                                                       305                                                                       311
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
(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
 
   NON-PERFORMING LOANS COMPOSITION
   (Unaudited)
   (Dollars in thousands)
                                                                                                                                                                                        
                                                                                                                                  --------------------------------                                          --------------------------------                                          --------------------------------                                                                                    --------------------------------                                          --------------------------------
                                                                                                                                                Total                                                                     Total                                                                                                                                                                                         Total
                                                                                                                                           Non-performing                                                            Non-performing                                                             4Q16 vs. 3Q16                                                                                                      Non-performing                                                             4Q16 vs. 4Q15
                   Loan Type                                                                                                                    Loans                                                                     Loans                                                                 % change (1)                                                                                                            Loans                                                                   % change
                                                                                                                       December 31, 2016                                                        September 30, 2016                                                                                                                                                          December 31, 2015                                                  
---------------------------------------------                                                                                     --------------------------------                                          --------------------------------                                          --------------------------------                                                                                    --------------------------------                                          --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Multi-Family                                                                                                              $      1,853                                                                     3,912                                                                    (209.4 )                    %                                                                                 $        223                                                                                             nm
      Hotels                                                                                                                             335                                                                       346                                                                     (12.6 )                                                                                                               381                                                                     (12.1 )                    %
      Office Buildings                                                                                                                 1,380                                                                       931                                                                     191.9                                                                                                               1,170                                                                      17.9
      Shopping Centers                                                                                                                   354                                                                       354                                                                       0.0                                                                                                                 907                                                                     (61.0 )
      Warehouses                                                                                                                         592                                                                     1,108                                                                    (185.3 )                                                                                                               208                                                                     184.6
      Other Investment Property                                                                                                          922                                                  2,233                                                 (233.6 )                                                                                                            20,151                                                  (95.4 )
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Total Investment Properties                                                                                                      5,436                                                                     8,884                                                                    (154.4 )                                                                                                            23,040                                                                     (76.4 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      1-4 Family Construction                                                                                                            305                                                                       304                                                                       1.3                                                                                                                   -                                                                                             nm
      1-4 Family Investment Mortgage                                                                                                   8,809                                                                     7,658                                                                      59.8                                                                                                               7,708                                                                      14.3
      Residential Development                                                                                                          8,994                                                  9,190                                                   (8.5 )                                                                                                             9,130                                                   (1.5 )
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Total 1-4 Family Properties                                                                                                     18,108                                                                    17,152                                                                      22.2                                                                                                              16,838                                                                       7.5
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Land Acquisition                                                                                                                 7,071                                                  6,672                                                   23.8                                                                                           17,768                                                  (60.2 )
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Total Commercial Real Estate                                                                                                    30,615                                                                    32,708                                                                     (25.5 )                                                                                                            57,646                                                                     (46.9 )
                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                  --------------------------------                                          --------------------------------                                          --------------------------------                                                                                    --------------------------------                                          --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Commercial, Financial, and Agricultural                                                                                         59,074                                                                    49,874                                                                      73.4                                                                                                              49,137                                                                      20.2
      Owner-Occupied                                                                                                                  16,503                                                 21,443                                                  (91.7 )                                                                                                            20,294                                                  (18.7 )
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Total Commercial & Industrial                                                                                                   75,577                                                 71,317                                                   23.8                                                                                           69,431                                                    8.9  
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Home Equity Lines                                                                                                               21,551                                                                    19,815                                                                      34.9                                                                                                              16,480                                                                      30.8
      Consumer Mortgages                                                                                                              22,681                                                                    21,284                                                                      26.1                                                                                                              22,248                                                                       1.9
      Credit Cards                                                                                                                         -                                                                         -                                                                         -                                                                                                                   -                                                                         -
      Other Retail Loans                                                                                                               2,954                                                  3,031                                                  (10.1 )                                                                                                             2,565                                                   15.2  
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Total Retail                                                                                                                    47,186                                                 44,130                                                   27.5                                                                                           41,293                                                   14.3  
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
        Total                                                                                                                   $    153,378                                                148,155                                                   14.0   %                                                                                 $    168,370                                                   (8.9 )                    %
                                                                                                                                  ========== ====================                                           ========== ====================                                           ========== ====================                                                                                     ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
(1) Percentage change is annualized.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                         
--------------------------------------------- -------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ----------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
   LOANS OUTSTANDING BY TYPE COMPARISON
   (Unaudited)
   (Dollars in thousands)
                                                                                                                                             Total Loans                                                               Total Loans                                                              4Q16 vs. 3Q16                                                                                                        Total Loans                                                              4Q16 vs. 4Q15
                   Loan Type                                                                                                              December 31, 2016                                                        September 30, 2016                                                           % change (1)                                                                                                      December 31, 2015                                                             % change
                                                                                                                                                                                                                                                                                                                                                                                      
---------------------------------------------                                                                                     --------------------------------                                          --------------------------------                                          --------------------------------                                                                                    --------------------------------                                          --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Multi-Family                                                                                                              $  1,568,234                                                                 1,553,275                                                                       3.8                      %                                                                                 $  1,391,453                                                                      12.7                      %
      Hotels                                                                                                                         748,951                                                                   774,873                                                                     (13.3 )                                                                                                           703,825                                                                       6.4
      Office Buildings                                                                                                             1,568,328                                                                 1,575,190                                                                      (1.7 )                                                                                                         1,495,247                                                                       4.9
      Shopping Centers                                                                                                               964,325                                                                   917,284                                                                      20.4                                                                                                             956,394                                                                       0.8
      Warehouses                                                                                                                     486,300                                                                   522,170                                                                     (27.3 )                                                                                                           563,217                                                                     (13.7 )
      Other Investment Property                                                                                                      596,481                                                626,674                                                  (19.2 )                                                                                                           641,495                                                   (7.0 )
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
      Total Investment Properties                                                                                                  5,932,619                                                                 5,969,466                                                                      (2.5 )                                                                                                         5,751,631                                                                       3.1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      1-4 Family Construction                                                                                                        190,477                                                                   193,791                                                                      (6.8 )                                                                                                           187,545                                                                       1.6
      1-4 Family Investment Mortgage                                                                                                 696,830                                                                   727,897                                                                     (17.0 )                                                                                                           786,797                                                                     (11.4 )
      Residential Development                                                                                                        136,514                                                149,366                                                  (34.2 )                                                                                                           154,814                                                  (11.8 )
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
      Total 1-4 Family Properties                                                                                                  1,023,821                                                                 1,071,054                                                                     (17.5 )                                                                                                         1,129,156                                                                      (9.3 )
      Land Acquisition                                                                                                               409,534                                                425,058                                                  (14.5 )                                                                                                           513,981                                                  (20.3 )
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
      Total Commercial Real Estate                                                                                                 7,365,974                                                                 7,465,578                                                                      (5.3 )                                                                                                         7,394,768                                                                      (0.4 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Commercial, Financial, and Agricultural                                                                                      6,915,927                                                                 6,544,629                                                                      22.6                                                                                                           6,453,180                                                                       7.2
      Owner-Occupied                                                                                                               4,636,016                                              4,471,365                                                   14.6                                                                                        4,318,950                                                    7.3  
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
      Total Commercial & Industrial                                                                                               11,551,943                                                                11,015,994                                                                      19.4                                                                                                          10,772,130                                                                       7.2
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
      Home Equity Lines                                                                                                            1,617,265                                                                 1,638,844                                                                      (5.2 )                                                                                                         1,689,914                                                                      (4.3 )
      Consumer Mortgages                                                                                                           2,296,604                                                                 2,243,154                                                                       9.5                                                                                                           1,938,683                                                                      18.5
      Credit Cards                                                                                                                   232,413                                                                   232,309                                                                       0.2                                                                                                             240,851                                                                      (3.5 )
      Other Retail Loans                                                                                                             818,183                                                693,204                                                   71.7                                                                                          423,318                                                   93.3  
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
      Total Retail                                                                                                                 4,964,465                                                                 4,807,511                                                                      13.0                                                                                                           4,292,766                                                                      15.6
      Unearned Income                                                                                                                (25,991 )                                                                 (26,196 )                                                                    (3.1 )                                                                                                           (30,099 )                                                                   (13.6 )
                                                                                                                                  ---------- --------------------                                           ---------- --------------------                                           ---------- --------------------                                                                                     ---------- --------------------                                           ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
        Total                                                                                                                   $ 23,856,391                                             23,262,887                                                   10.1   %                                                                                 $ 22,429,565                                                    6.4   %
                                                                                                                                  ========== ====================                                           ========== ====================                                           ========== ====================                                                                                     ========== ====================                                           ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
(1) Percentage change is annualized.
 
 
Synovus
 
   CREDIT QUALITY DATA
   (Unaudited)
   (Dollars in thousands)                                                                                                                                                          2016                                                                                                                              2015                                                 4th Quarter      
                                                                                                                                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                          ------------------------------------------------------------------------------------                                          -----------------------------------------
                                                                                                                                                                 Fourth                                         Third                   Second                                                          First                   Fourth                                                       ’16 vs. ’15
                                                                                                                                                                 Quarter                                                          Quarter                                                        Quarter                                                        Quarter                                                        Quarter                                                        Change         
                                                                                                                                                          -------------------- --------------------                                           --------------------                                           --------------------                                           --------------------                                           --------------------                                           -----------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   Non-performing Loans                                                                                                                                 $              153,378                                                                             148,155                                                        154,072                                                        178,167                                                        168,370                                                 (8.9 )         %
   Impaired Loans Held for Sale (1)                                                                                                                                          -                                                                               2,473                                                              -                                                              -                                                              -                                                    -
   Other Real Estate                                                                                                                                                    22,308                                                                              28,438                                                         33,289                                                         38,462                                                         47,030                                                (52.6 )          
                                                                                                                                                          --------------------                                                                --------------------                                           --------------------                                           --------------------                                           --------------------                                           ---------- --------- --------------------
   Non-performing Assets                                                                                                                                               175,686                                                                             179,066                                                        187,361                                                        216,629                                                        215,400                                                (18.4 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   Allowance for loan losses                                                                                                                                           251,758                                                                             253,817                                                        255,076                                                        254,516                                                        252,496                                                 (0.3 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   Net Charge-Offs - Quarter                                                                                                                                             8,319                                                                               6,930                                                          6,133                                                          7,357                                                          3,425                                                142.9
   Net Charge-Offs - YTD                                                                                                                                                28,739                                                                              20,420                                                         13,490                                                          7,357                                                         27,831                                                  3.3
   Net Charge-Offs / Average Loans - Quarter (2)                                                                                                                          0.14 %                                                                              0.12                                                           0.11                                                           0.13                                                           0.06
   Net Charge-Offs / Average Loans - YTD (2)                                                                                                                              0.12                                                                                0.12                                                           0.12                                                           0.13                                                           0.13
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   Non-performing Loans / Loans                                                                                                                                           0.64                                                                                0.64                                                           0.67                                                           0.78                                                           0.75
   Non-performing Assets / Loans, Other Loans Held for Sale & ORE                                                                                                         0.74                                                                                0.77                                                           0.81                                                           0.95                                                           0.96
   Allowance / Loans                                                                                                                                                      1.06                                                                                1.09                                                           1.11                                                           1.12                                                           1.13
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   Allowance / Non-performing Loans                                                                                                                                     164.14                                                                              171.32                                                         165.56                                                         142.85                                                         149.96
   Allowance / Non-performing Loans (3)                                                                                                                                 202.01                                                                              198.94                                                         195.25                                                         173.64                                                         189.47
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   Past Due Loans over 90 days and Still Accruing                                                                                                       $                3,135                                                                               5,358                                                          5,964                                                          3,214                                                          2,621                                                 19.6
   As a Percentage of Loans Outstanding                                                                                                                                   0.01 %                                                                              0.02                                                           0.03                                                           0.01                                                           0.01
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   Total Past Due Loans and Still Accruing                                                                                                              $               65,106                                                                              61,781                                                         55,716                                                         63,852                                                         47,912                                                 35.9
   As a Percentage of Loans Outstanding                                                                                                                                   0.27 %                                                                              0.27                                                           0.24                                                           0.28                                                           0.21
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   Accruing Troubled Debt Restructurings (TDRs)                                                                                                         $              195,776                                                                             201,896                                                        205,165                                                        209,159                                                        223,873                                                (12.6 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   (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,                                                     September 30,                                                  December 31,
                                                                                                                                                                  2016                                                                                2016                                                           2015
                                                                                                                                                          -------------------- --------------------                                           --------------------                                           --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   Tier 1 Capital                                                                                                                                       $            2,685,880                                                                           2,620,379                                                      2,660,016
   Total Risk-Based Capital                                                                                                                                          3,201,268                                                                           3,139,465                                                      3,255,758
   Common Equity Tier 1 Ratio (transitional)                                                                                                                              9.96 %                                                                              9.96                                                          10.37
   Common Equity Tier 1 Ratio (fully phased-in)                                                                                                                           9.52                                                                                9.48                                                           9.77
   Tier 1 Capital Ratio                                                                                                                                                  10.08                                                                               10.05                                                          10.37
   Total Risk-Based Capital Ratio                                                                                                                                        12.01                                                                               12.04                                                          12.70
   Tier 1 Leverage Ratio                                                                                                                                                  8.99                                                                                8.98                                                           9.43
   Common Equity as a Percentage of Total Assets (2)                                                                                                                      9.31                                                                                9.35                                                           9.98
   Tangible Common Equity as a Percentage of Tangible Assets (3)                                                                                                          9.09                                                                                9.28                                                           9.90
   Tangible Common Equity as a Percentage of Risk Weighted Assets (3)                                                                                                    10.24                                                                               10.58                                                          11.11
   Book Value Per Common Share (4)                                                                                                                                       22.92                                                                               22.89                                                          22.19
   Tangible Book Value Per Common Share (3)                                                                                                                              22.32                                                                               22.69                                                          21.99
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
   (1) Current quarter regulatory capital information is preliminary.
   (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. impact of unexercised tangible equity units (tMEDs).
 

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20170117005616r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20170117005616/en/

SOURCE: Synovus Financial Corp.

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


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