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Below are the financial statements of Synovus Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Synovus Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Interest-earning deposits with banks and other cash and cash equivalents | 2.98a | 2.41a |
| Federal funds sold and securities purchased under resale agreements | 0.02a | 0.04a |
| Total cash, cash equivalents, and restricted cash | 2.99a | 2.45a |
| Investment securities held to maturity | 2.58a | 0a |
| Investment securities available for sale | 7.55a | 9.79a |
| Loans held for sale | 0.09a | 0.05a |
| Loans, net of deferred fees and costs | 42.61a | 43.4a |
| Allowance for loan losses | -0.49a | -0.48a |
| Loans, net | 42.12a | 42.93a |
| Cash surrender value of bank-owned life insurance | 1.14a | 1.11a |
| Premises, equipment and software, net | 0.38a | 0.37a |
| Goodwill | 0.48a | 0.48a |
| Other intangible assets, net | 0.03a | 0.05a |
| Other assets | 2.86a | 2.59a |
| Total assets | 60.23a | 59.81a |
| Liabilities and shareholders’ equity | — | — |
| Liabilities | — | — |
| Deposits | — | — |
| Non-interest-bearing deposits | 11.6a | 12.51a |
| Interest-bearing deposits | 39.5a | 38.23a |
| Total deposits | 51.1a | 50.74a |
| Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings | 0.13a | 0.19a |
| Long-term debt | 1.73a | 1.93a |
| Other liabilities | 2.01a | 1.8a |
| Total liabilities | 54.97a | 54.67a |
| Shareholders’ equity | — | — |
| Preferred stock | 0.54a | 0.54a |
| Common stock | 0.17a | 0.17a |
| Additional paid-in capital | 3.99a | 3.96a |
| Treasury stock, at cost | -1.22a | -0.94a |
| Accumulated other comprehensive income (loss), net | -0.97a | -1.12a |
| Retained earnings | 2.74a | 2.52a |
| Total Synovus Financial Corp. shareholders’ equity | 5.24a | 5.12a |
| Noncontrolling interest in subsidiary | 0.02a | 0.02a |
| Total equity | 5.27a | 5.14a |
| Total liabilities and shareholders’ equity | 60.23a | 59.81a |
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