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SYNOVUS FINL CP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Mortgage loans held for sale--1.932.652.552.304.446.206.208.6510.84
Loans, including fees--1,064.28944.23877.38862.92866.36924.641,019.041,170.941,323.94
Other loans held for sale------------------0.05
Interest on Federal Reserve balances--6.474.363.142.083.223.456.667.993.65
Mortgage-Backed Securities------------------96.44
Investment securities----------------131.66--
State and municipal securities------------------4.79
Other investments----------------0.492.25
Investment securities available for sale--82.7067.4759.1557.8352.5767.28107.44----
Equity Securities------------------0.02
Investment securities available for sale:U.S. Treasury securities------------------65.10
Investment securities available for sale:Other U.S. Government agency securities------------------0.35
Interest earning deposits with banks------------------0.32
Federal funds sold and securities purchased under resale agreements------------------0.36
Trading account assets--0.140.090.300.460.550.960.930.841.09
Other earning assets--6.994.013.433.101.881.611.51----
Total Interest Income1,344.311,162.501,022.80945.96928.69929.011,004.141,141.761,320.581,509.19
Deposits--81.3364.2165.5355.1864.3995.75173.89288.33456.25
Long-Term Debt--57.6759.2252.9454.0154.1153.6642.6544.0038.79
Federal funds purchased and securities sold under repurchase agreements--0.200.200.170.220.320.611.061.923.84
Total Interest Expense195.89139.19123.62118.64109.41118.82150.02217.60334.25498.88
Net Interest Income1,148.411,023.31899.18827.32819.28810.19854.12924.15986.331,010.31
Provision for losses on loans51.7067.1928.0019.0133.8369.60320.37418.801,131.271,805.60
Net interest income after provision for losses on loans1,096.72956.12871.18808.31785.45740.59533.75505.36(144.94)(795.29)
Brokerage and investment banking revenue36.5729.7127.0327.8627.0927.5426.9126.0128.1828.48
Other fee income19.9720.1720.2221.1719.1322.5721.1419.9521.1331.20
Cabela’s transaction fee--75.00----------------
Service charges on deposit accounts80.8479.8081.4380.1478.9077.7978.2078.77105.11117.75
Securities gains (losses), net--------1.332.9539.1475.01(1.27)14.07
Investment securities gains (losses), net(1.30)(0.29)6.012.77------------
Proceeds from sale of MasterCard shares------------------8.35
Proceeds from redemption of Visa shares------------------51.90
Gain from Memphis transaction,net--------5.79----------
Increase in fair value of private equity investments, net(4.74)(3.09)(1.03)(0.22)----8.23(1.12)7.201.38
Fiduciary and asset management fees54.6950.4946.5945.9345.2343.4542.5045.8144.1444.17
Mortgage Banking Income18.9622.8024.2624.1018.3522.4832.2720.3233.3338.52
Merchant services--------------------
Bankcard fees42.5032.2333.3233.1732.9330.6434.0841.4941.4236.14
Other Operating Income17.2038.5235.3733.0133.3626.1631.4932.6426.0938.72
Data processing services--------------------
Other transaction processing services revenue--------------------
Reimbursable items--------------------
Income from bank-owned life insurance15.40------------------
Total Non-Interest Income280.09345.33273.19267.92262.10253.57313.97338.87305.35410.67
Salaries and other personnel expense453.42433.32402.03380.92371.90368.15375.87371.55418.63425.17
Advertising expense20.8822.9520.2615.4824.048.976.61------
Net occupancy and equipment expense130.48119.96109.35107.47105.81103.34105.58114.04122.05123.11
FDIC insurance and other regulatory fees24.4927.0126.7127.0933.4932.4645.4159.0669.4876.31
Goodwill impairment------------------15.09
Amortization of Intangibles1.17------------------
Foreclosed real estate2.2012.5412.8422.8025.3233.8690.66133.57163.63354.27
Restructuring charges(0.05)7.018.270.0420.5911.065.4130.675.546.00
Merger-Related Expenses10.07------------------
Other Operating Expenses91.4888.9592.9291.3794.34103.1896.40110.97143.26142.15
Professional fees26.7426.2326.7026.6526.4438.7841.3140.5945.5538.80
Reimbursable items--------------------
Data processing expense----------------45.4845.13
Spin-off related expenses--------------------
Visa litigation settlement expense--------3.041.606.306.04--(6.44)
Loss on extinguishment of debt--23.164.741.53------------
Third-party services58.6354.7146.3242.8540.0440.1438.0140.03----
Losses on other loans held for sale------------4.68(2.74)3.051.70
Gain on curtailment of post retirement defined benifit plan----------------(7.09)0.00
Litigation loss contingency expense(4.03)------------------
Earnout liability adjustments11.655.47----------------
Fair value adjustment to Visa derivative2.33--5.801.46------------
Total Non-Interest expense829.46821.31755.92717.66745.00741.54816.24903.771,009.581,221.29
Minority interest in subsidiaries’ net income--------------------
Income Before Income Taxes547.35480.14388.45358.57302.56252.6331.48(59.53)(849.17)(1,605.91)
Current: Federal--(32.34)7.336.165.145.462.83(0.10)(20.19)(337.42)
Current: State--5.955.504.420.15(2.63)(6.89)1.77(4.18)(9.75)
Current: Foreign--------------------
Deferred: Federal--229.92117.46108.8892.3678.87(666.24)0.54(4.83)161.84
Deferred: State--1.1411.3713.039.6611.55(128.44)(0.89)14.0513.36
Deferred: Foreign--------------------
Income tax expense118.88204.66141.67132.49107.3193.25(798.73)1.31(15.15)(171.98)
Income from Continuing Operations--------------(60.84)(834.02)(1,433.93)
Income from discontinued operations, net----------------43.164.59
Consolidated Net Income (Loss)428.48275.47246.78226.08195.25159.38830.21(60.84)(790.86)(1,429.34)
Net income (loss)attributable to non-controlling interest--------------(0.22)(0.18)2.36
Dividends and accretion of discount on preferred stock18.0010.2410.2410.2410.2440.8358.7058.0957.5156.97
Net Income410.48265.24236.55215.84185.01118.55771.51(118.71)(848.19)(1,488.67)
Income from continuing operations: Basic----------------(9.10)(27.99)
Net income per share- basic3.492.191.901.631.340.936.87(1.05)(8.68)(27.92)
Income from continuing operations: Diluted----------------(9.10)(27.99)
Net income per share- diluted3.472.171.891.621.330.885.93(1.05)(8.68)(27.92)
Weighted Average Shares Outstanding : Basic117.64121.16124.39132.42138.50127.50112.35112.2297.9153.29
Weighted Average Shares Outstanding : Diluted118.38122.01125.08133.20139.15134.23130.02112.2297.9153.29