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Synovus Financial (SNV) Annual Income Statement

Annual · GAAP · USD millions
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Reviewing income statement figures over time helps illustrate how Synovus Financial generates earnings and manages operating expenses.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2024)
2024 		(Dec 31 2023) (Dec 31 2022) (Dec 31 2021) (Dec 31 2020)
Revenues
Interest and Fee Income, Loans and Leases2,769.78
InterestIncome Debt Securities Operating329.48
Other Interest and Dividend Income14.73
Other Income79.60
Total Interest Income3,193.59
Interest Expense, Deposits1,329.93
Interest Expense, Long-term Debt4.42
Net Interest (-)Expense / Income-1,444.01
Net Interest Income1,749.58
Provision for loan losses136.69
Total Net Interest Income1,612.89
Brokerage Commissions Revenue84.88
Other Non-interest Income70.44
Loss / Gain on Investment0.00
Other Non-Interest Income-37.56
Total Non-interest Income239.60
Total Revenues1,852.50
Costs & Expenses
Salaries & employee benefits, SGA737.47
Restructuring, Accretion & impairment charges2.12
Depreciation & Amortization0.00
Communications, Occupancy and Information Technology187.45
Professional Fees46.09
Other Noninterest Expense142.74
Total noninterest revenues131.67
Total Operating Expenses1,247.54
Total Costs & Expenses2,581.90
Income & Taxes
Income /-loss before income taxes604.95
Income taxes expenses/-benefit125.50
Income after income taxes479.45
Net income/-loss of other equity0.00
Income /-loss after income taxes479.45
Stockholders Equity Attributable to Noncontrolling Interest-3.01
Net Income/-loss479.45
Non-controlling interests-3.01
Preferred dividends42.90
Income/-loss to shareholder439.56
Earnings Per Share
Basic EPS (excl. extra items)3.05
Basic Net EPS3.05
Basic shares outstanding (Mill. of Units)144.16
Diluted Net EPS3.03
Diluted average shares (Mill. of Units)145.00
Dividend per share1.52
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About Synovus Financial Corp Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: February 21, 2025
  • Original filing: syn-20241231.htm

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.