XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Shareholders' Equity and Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Equity [Abstract] |
Schedule of Dividends Payable | The following table presents dividends declared related to common stock. For information related to preferred stock dividends, see "Part II - Item 8. Financial Statements and Supplementary Data - Note 10 - Shareholders' Equity and Other Comprehensive Income" to the consolidated financial statements of Synovus' 2019 Form 10-K.
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Cash dividends declared per share |  | $ | 0.33 |  |  | $ | 0.30 |  |  | $ | 0.66 |  |  | $ | 0.60 |
Share-based Compensation, Stock Options, Activity |
|  | Stock Options |  |
(in thousands, except per share amounts) |  | Quantity |  | Weighted-Average Exercise Price Per Share
Outstanding at January 1, 2020 |  | 3,037 |  |  | $ | 22.74 |
Exercised |  | (232) |  |  | 28.59 |
Expired/canceled |  | (16) |  |  | 25.00 |
Outstanding at June 30, 2020 |  | 2,789 |  |  | $ | 22.24 |
Schedule of Nonvested Share Activity |
|  | RSUs, MRSUs, and PSUs |  |
(in thousands, except per share amounts) |  | Quantity |  | Weighted-Average Grant Date Fair Value Per Share
Non-vested at January 1, 2020 |  | 1,312 |  |  | $ | 39.28 |
Granted |  | 743 |  |  | 35.11 |
Quantity change based on TSR and performance factors |  | 44 |  |  | 35.11 |
Dividend equivalents granted |  | 41 |  |  | 35.11 |
Vested |  | (582) |  |  | 38.40 |
Forfeited |  | (48) |  |  | 36.22 |
Non-vested at June 30, 2020 |  | 1,510 |  |  | $ | 37.43 |
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes) | The following tables illustrate activity within the balances in accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2020 and 2019.
Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes) |  |  |  |  |  |  |  |
(in thousands) |  | Net unrealized gains (losses) on investment securities available for sale(1) |  | Net unrealized gains (losses) on cash flow hedges(1) |  | Post-retirement unfunded health benefit |  | Total
Balance, April 1, 2020 |  | $ | 194,524 |  |  | $ | 61,925 |  |  | $ | 462 |  |  | $ | 256,911 |
Other comprehensive income (loss) before reclassifications |  | (8,847) |  |  | 6,538 |  |  | — |  |  | (2,309) |
Amounts reclassified from AOCI |  | (51,432) |  |  | (200) |  |  | — |  |  | (51,632) |
Net current period other comprehensive income (loss) |  | (60,279) |  |  | 6,338 |  |  | — |  |  | (53,941) |
Balance at June 30, 2020 |  | $ | 134,245 |  |  | $ | 68,263 |  |  | $ | 462 |  |  | $ | 202,970 |
Balance, April 1, 2019 |  | $ | (7,071) |  |  | $ | (12,137) |  |  | $ | 866 |  |  | $ | (18,342) |
Other comprehensive income (loss) before reclassifications |  | 66,290 |  |  | — |  |  | — |  |  | 66,290 |
Amounts reclassified from AOCI |  | 1,367 |  |  | — |  |  | (26) |  |  | 1,341 |
Net current period other comprehensive income (loss) |  | 67,657 |  |  | — |  |  | (26) |  |  | 67,631 |
Balance at June 30, 2019 |  | $ | 60,586 |  |  | $ | (12,137) |  |  | $ | 840 |  |  | $ | 49,289 |
Balance, December 31, 2019 |  | $ | 83,666 |  |  | $ | (18,487) |  |  | $ | 462 |  |  | $ | 65,641 |
Other comprehensive income (loss) before reclassifications |  | 108,484 |  |  | 87,039 |  |  | — |  |  | 195,523 |
Amounts reclassified from AOCI |  | (57,905) |  |  | (289) |  |  | — |  |  | (58,194) |
Net current period other comprehensive income (loss) |  | 50,579 |  |  | 86,750 |  |  | — |  |  | 137,329 |
Balance at June 30, 2020 |  | $ | 134,245 |  |  | $ | 68,263 |  |  | $ | 462 |  |  | $ | 202,970 |
Balance, December 31, 2018 |  | $ | (83,179) |  |  | $ | (12,137) |  |  | $ | 896 |  |  | $ | (94,420) |
Other comprehensive income (loss) before reclassifications |  | 142,453 |  |  | — |  |  | — |  |  | 142,453 |
Amounts reclassified from AOCI |  | 1,312 |  |  | — |  |  | (56) |  |  | 1,256 |
Net current period other comprehensive income (loss) |  | 143,765 |  |  | — |  |  | (56) |  |  | 143,709 |
Balance at June 30, 2019 |  | $ | 60,586 |  |  | $ | (12,137) |  |  | $ | 840 |  |  | $ | 49,289 |
(1) For all periods presented, the ending balance in net unrealized gains (losses) on cash flow hedges and investment securities available for sale includes unrealized losses of $12.1 million and $13.3 million, respectively, related to residual tax effects remaining in OCI due to previously established deferred tax asset valuation allowances in 2010 and 2011. In accordance with ASC 740-20-45-11(b), under the portfolio approach, these unrealized losses are realized at the time the entire portfolio is sold or disposed.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586 + Details
Name: | us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration