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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting | The following tables present c ertain financial information for each reportable business segment for the three and nine months ended September 30, 2021 and 2020. 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 three months ended September 30, 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) resulting from a combination of factors, including the extended duration of lower market valuations, high volumes in refinance activity that have reduced mortgage yields, and the clarity around longer term policy actions designed to keep interest rates low.
| Three Months Ended September 30, 2021
(in thousands) | Community Banking |  | Wholesale Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Net interest income | $ | 200,014 |  |  | $ | 138,662 |  |  | $ | 20,076 |  |  | $ | 26,165 |  |  | $ | 384,917 |
Non-interest revenue | 33,721 |  |  | 10,739 |  |  | 51,248 |  |  | 19,247 |  |  | 114,955 |
Non-interest expense | 73,789 |  |  | 22,486 |  |  | 45,027 |  |  | 125,730 |  |  | 267,032 |
Pre-provision net revenue | $ | 159,946 |  |  | $ | 126,915 |  |  | $ | 26,297 |  |  | $ | (80,318) |  |  | $ | 232,840 |
| Three Months Ended September 30, 2020
(in thousands) | Community Banking |  | Wholesale Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Net interest income | $ | 218,880 |  |  | $ | 139,079 |  |  | $ | 22,251 |  |  | $ | (3,220) |  |  | $ | 376,990 |
Non-interest revenue | 27,034 |  |  | 5,528 |  |  | 65,825 |  |  | 16,024 |  |  | 114,411 |
Non-interest expense | 71,107 |  |  | 19,843 |  |  | 93,038 |  |  | 132,667 |  |  | 316,655 |
Pre-provision net revenue | $ | 174,807 |  |  | $ | 124,764 |  |  | $ | (4,962) |  |  | $ | (119,863) |  |  | $ | 174,746 |
| Nine Months Ended September 30, 2021
(in thousands) | Community Banking |  | Wholesale Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Net interest income | $ | 609,137 |  |  | $ | 408,862 |  |  | $ | 60,006 |  |  | $ | 62,629 |  |  | $ | 1,140,634 |
Non-interest revenue | 95,687 |  |  | 25,058 |  |  | 162,176 |  |  | 50,076 |  |  | 332,997 |
Non-interest expense | 215,716 |  |  | 64,499 |  |  | 139,474 |  |  | 385,008 |  |  | 804,697 |
Pre-provision net revenue | $ | 489,108 |  |  | $ | 369,421 |  |  | $ | 82,708 |  |  | $ | (272,303) |  |  | $ | 668,934 |
| Nine Months Ended September 30, 2020
(in thousands) | Community Banking |  | Wholesale Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Net interest income | $ | 634,480 |  |  | $ | 407,265 |  |  | $ | 59,704 |  |  | $ | 25,367 |  |  | $ | 1,126,816 |
Non-interest revenue | 81,105 |  |  | 20,537 |  |  | 166,185 |  |  | 123,925 |  |  | 391,752 |
Non-interest expense | 226,674 |  |  | 64,117 |  |  | 184,824 |  |  | 401,461 |  |  | 877,076 |
Pre-provision net revenue | $ | 488,911 |  |  | $ | 363,685 |  |  | $ | 41,065 |  |  | $ | (252,169) |  |  | $ | 641,492 |
| September 30, 2021
(dollars in thousands) | Community Banking |  | Wholesale Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Loans, net of deferred fees and costs | $ | 10,623,206 |  |  | $ | 20,179,466 |  |  | $ | 4,989,708 |  |  | $ | 2,548,650 |  |  | $ | 38,341,030 |
Total deposits | $ | 31,640,281 |  |  | $ | 11,249,829 |  |  | $ | 807,391 |  |  | $ | 3,990,918 |  |  | $ | 47,688,419 |
Total full-time equivalent employees | 2,171 |  |  | 286 |  |  | 804 |  |  | 1,692 |  |  | 4,953 |
| December 31, 2020
(dollars in thousands) | Community Banking |  | Wholesale Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Loans, net of deferred fees and costs | $ | 11,171,013 |  |  | $ | 18,810,729 |  |  | $ | 5,370,790 |  |  | $ | 2,900,452 |  |  | $ | 38,252,984 |
Total deposits | $ | 29,141,242 |  |  | $ | 11,958,105 |  |  | $ | 739,200 |  |  | $ | 4,853,024 |  |  | $ | 46,691,571 |
Total full-time equivalent employees | 2,299 |  |  | 285 |  |  | 832 |  |  | 1,718 |  |  | 5,134 |

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- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
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