XML 64 R47.htm IDEA: XBRL DOCUMENT v3.20.4

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables present certain financial information for each reportable business segment as of and for the years ended December 31, 2020 and 2019. The fourth quarter of 2019 was the first financial period in which the new segment reporting became effective; thus, to provide comparable prior year information, Synovus has included proforma business segment financial information for the full year 2019 utilizing various allocation methodologies based on balance sheet and income statement items assigned to each business segment. Management concluded information for 2018 presented in this format would not include the results of operations from our FCB acquisition in 2019 and therefore, would not be comparable. The application and development of management reporting methodologies is a dynamic process and is subject to periodic enhancements. As these enhancements are made, financial results presented by each reportable business segment may be periodically revised.

During the year ended December 31, 2020, Synovus strategically repositioned the investment securities portfolio, which resulted in net gains of $78.9 million in the Treasury and Corporate Other segment. Additionally, during the year ended December 31, 2020, Synovus recognized a $44.9 million non-cash goodwill impairment charge representing all of the goodwill allocated to the Consumer Mortgage reporting unit (which is included in the FMS reportable segment) driven by significant mortgage refinance activity at record-low mortgage rates and the FOMC's updated guidance in the third quarter of 2020 regarding inflation targeting and their expectations for interest rates to remain low for an extended period of time.

			Year Ended December 31, 2020
(in thousands)			Community Banking						Wholesale Banking						Financial Management Services						Treasury and Corporate Other						Synovus Consolidated
Net interest income			$	857,574					$	548,152					$	76,794					$	30,228					$	1,512,748
Non-interest revenue			122,455						26,379						224,496						133,183						506,513
Non-interest expense			288,407						84,142						231,792						575,233						1,179,574
Pre-provision net revenue			$	691,622					$	490,389					$	69,498					$	(411,822)					$	839,687
			Year Ended December 31, 2019 (Proforma)
(in thousands)			Community Banking						Wholesale Banking						Financial Management Services						Treasury and Corporate Other						Synovus Consolidated
Net interest income			$	825,219					$	518,033					$	112,431					$	140,120					$	1,595,803
Non-interest revenue			136,657						28,948						154,166						36,129						355,900
Non-interest expense			302,327						71,393						152,115						573,133						1,098,968
Pre-provision net revenue			$	659,549					$	475,588					$	114,482					$	(396,884)					$	852,735

			December 31, 2020
(dollars in thousands)			Community Banking						Wholesale Banking									Financial Management Services						Treasury and Corporate Other						Synovus Consolidated
Total loans net of deferred fees and costs			$	11,346,219					$	18,810,729								$	5,252,604					$	2,843,432					$	38,252,984
Total deposits			$	29,344,653					$	11,958,105								$	535,876					$	4,852,937					$	46,691,571
Total full-time equivalent employees			2,199						285									832						1,818						5,134
			December 31, 2019
(dollars in thousands)			Community Banking						Wholesale Banking									Financial Management Services						Treasury and Corporate Other						Synovus Consolidated
Total loans net of deferred fees and costs			$	12,170,914					$	17,643,509								$	5,285,455					$	2,062,572					$	37,162,450
Total deposits			$	25,610,777					$	8,314,184								$	284,716					$	4,195,827					$	38,405,504
Total full-time equivalent employees			2,301						213									839						1,911						5,264

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration