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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting

The following tables present certain 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

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No definition available.

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