Exhibit 99.2
INCOME STATEMENT DATA
(Unaudited)
(Dollars in thousands, except per share data)Nine Months Ended
2021202021 vs '20
% Change
Interest income$1,235,064 $1,371,016 (10)%
Interest expense94,430 244,200 (61)
Net interest income1,140,634 1,126,816 
(Reversal of) provision for credit losses(51,041)343,956 nm
Net interest income after provision for credit losses1,191,675 782,860 52 
Non-interest revenue:
Service charges on deposit accounts64,089 54,069 19 
Fiduciary and asset management fees56,545 46,009 23 
Card fees38,538 30,959 24 
Brokerage revenue41,644 32,987 26 
Mortgage banking income47,312 66,987 (29)
Capital markets income18,929 22,984 (18)
Income from bank-owned life insurance22,851 21,572 
Investment securities (losses) gains, net(1,028)76,594 nm
Other non-interest revenue44,117 39,591 11 
Total non-interest revenue332,997 391,752 (15)
Non-interest expense:
Salaries and other personnel expense482,408 464,268 
Net occupancy, equipment, and software expense126,442 125,475 
Third-party processing and other services63,897 67,193 (5)
Professional fees23,771 39,358 (40)
FDIC insurance and other regulatory fees16,338 18,922 (14)
Other operating expenses91,841 161,860 (43)
Total non-interest expense804,697 877,076 (8)
Income before income taxes719,975 297,536 142 
Income tax expense159,910 74,250 115 
Net income560,065 223,286 151 
Less: Preferred stock dividends24,872 24,872 — 
Net income available to common shareholders$535,193 $198,414 170 %
Net income per common share, basic$3.63 $1.35 169 %
Net income per common share, diluted3.59 1.34 168 
Cash dividends declared per common share0.99 0.99 — 
Return on average assets *1.37 %0.58 %79 bps
Return on average common equity *15.37 5.87 950 
Weighted average common shares outstanding, basic147,622 147,304 %
Weighted average common shares outstanding, diluted149,069 148,037 
nm - not meaningful
bps - basis points
* - ratios are annualized




Synovus
INCOME STATEMENT DATA
(Unaudited)
(Dollars in thousands, except per share data)20212020Third Quarter
Third QuarterSecond QuarterFirst QuarterFourth QuarterThird Quarter '21 vs '20
% Change
Interest income$412,504 412,743 409,817 433,479 435,550 (5)%
Interest expense27,587 30,883 35,960 47,547 58,560 (53)
Net interest income384,917 381,860 373,857 385,932 376,990 
(Reversal of) provision for credit losses(7,868)(24,598)(18,575)11,066 43,383 nm
Net interest income after provision for credit losses392,785 406,458 392,432 374,866 333,607 18 
Non-interest revenue:
Service charges on deposit accounts22,641 21,414 20,033 19,063 17,813 27 
Fiduciary and asset management fees19,786 18,805 17,954 17,242 15,885 25 
Card fees13,238 13,304 11,996 11,743 10,823 22 
Brokerage revenue14,745 13,926 12,974 11,794 10,604 39 
Mortgage banking income11,155 13,842 22,315 24,426 31,229 (64)
Capital markets income 8,089 3,335 7,505 4,352 5,690 42 
Income from bank-owned life insurance6,820 7,188 8,843 9,725 7,778 (12)
Investment securities gains (losses), net962 — (1,990)2,337 (1,550)nm
Other non-interest revenue17,519 15,273 11,326 14,079 16,139 
Total non-interest revenue114,955 107,087 110,956 114,761 114,411 — 
Non-interest expense:
Salaries and other personnel expense160,364 160,567 161,477 153,946 154,994 
Net occupancy, equipment, and software expense43,483 41,825 41,134 44,183 41,554 
Third-party processing and other services19,446 24,419 20,032 20,799 21,827 (11)
Professional fees6,739 7,947 9,084 17,541 13,377 (50)
FDIC insurance and other regulatory fees5,212 5,547 5,579 6,288 6,793 (23)
Other operating expenses31,788 30,226 29,828 59,741 78,110 (59)
Total non-interest expense267,032 270,531 267,134 302,498 316,655 (16)
Income before income taxes240,708 243,014 236,254 187,129 131,363 83 
Income tax expense53,935 56,814 49,161 36,720 39,789 36 
Net income186,773 186,200 187,093 150,409 91,574 104 
Less: Preferred stock dividends8,291 8,291 8,291 8,291 8,291 — 
Net income available to common shareholders$178,482 177,909 178,802 142,118 83,283 114 %
Net income per common share, basic$1.22 1.20 1.20 0.96 0.57 114 %
Net income per common share, diluted1.21 1.19 1.19 0.96 0.56 116 
Cash dividends declared per common share0.33 0.33 0.33 0.33 0.33 — 
Return on average assets *1.34 %1.36 1.40 1.11 0.69 65 bps
Return on average common equity *14.96 15.40 15.77 12.31 7.28 768 
Weighted average common shares outstanding, basic146,308 148,113 148,467 147,744 147,314 (1)%
Weighted average common shares outstanding, diluted147,701 149,747 149,780 148,725 147,976 — 
 nm - not meaningful
 bps - basis points
* - ratios are annualized




Synovus
BALANCE SHEET DATASeptember 30, 2021December 31, 2020September 30, 2020
(Unaudited)
(In thousands, except share data)
ASSETS
Cash and due from banks$483,035 $531,579 $578,026 
Interest-bearing funds with Federal Reserve Bank2,103,497 3,586,565 1,266,313 
Interest earning deposits with banks23,261 20,944 20,929 
Federal funds sold and securities purchased under resale agreements77,627 113,829 120,095 
Cash, cash equivalents, and restricted cash2,687,420 4,252,917 1,985,363 
Investment securities available for sale, at fair value10,481,071 7,962,438 7,566,525 
Loans held for sale ($152,258, $216,647, and $285,899 measured at fair value, respectively)550,948 760,123 745,160 
Loans, net of deferred fees and costs38,341,030 38,252,984 39,549,847 
Allowance for loan losses(492,243)(605,736)(603,800)
Loans, net37,848,787 37,647,248 38,946,047 
Cash surrender value of bank-owned life insurance1,065,256 1,049,373 1,044,046 
Premises, equipment, and software, net441,605 463,959 471,208 
Goodwill452,390 452,390 452,390 
Other intangible assets, net37,975 45,112 47,752 
Other assets1,943,677 1,760,599 1,782,047 
Total assets$55,509,129 $54,394,159 $53,040,538 
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Non-interest-bearing deposits$15,787,882 $13,477,854 $13,075,081 
Interest-bearing deposits31,900,537 33,213,717 31,590,823 
Total deposits47,688,419 46,691,571 44,665,904 
Federal funds purchased and securities sold under repurchase agreements262,548 227,922 202,344 
Other short-term borrowings 7,717 400,000 
Long-term debt1,203,761 1,202,494 1,628,385 
Other liabilities1,101,599 1,103,121 1,079,363 
Total liabilities50,256,327 49,232,825 47,975,996 
Shareholders' equity:
Preferred stock - no par value. Authorized 100,000,000 shares; issued 22,000,000537,145 537,145 537,145 
Common stock - $1.00 par value. Authorized 342,857,143 shares; issued 169,170,589, 168,132,522, and 167,410,950; outstanding 145,483,994, 148,039,495, and 147,317,923169,171 168,133 167,411 
Additional paid-in capital3,883,289 3,851,208 3,832,142 
Treasury stock, at cost – 23,686,595, 20,093,027, and 20,093,027 shares(898,707)(731,806)(731,806)
Accumulated other comprehensive (loss) income, net(5,462)158,635 174,914 
Retained earnings1,567,366 1,178,019 1,084,736 
Total shareholders’ equity5,252,802 5,161,334 5,064,542 
Total liabilities and shareholders' equity$55,509,129 $54,394,159 $53,040,538 






Synovus
AVERAGE BALANCES AND YIELDS/RATES (1)
(Unaudited)20212020
(Dollars in thousands)
ThirdSecondFirstFourthThird
QuarterQuarterQuarterQuarterQuarter
Interest Earning Assets
Investment securities (2) (4)
$9,876,651 9,184,691 8,437,563 7,493,822 7,227,400 
Yield
1.45 %1.45 1.40 2.07 2.39 
Trading account assets (5)
$5,192 2,831 3,063 8,496 5,391 
Yield
1.15 %1.15 2.81 1.03 1.69 
Commercial loans (3) (4)
$28,891,164 29,849,029 29,844,491 30,363,102 30,730,135 
Yield
3.91 %3.86 3.95 3.96 3.80 
Consumer loans (3)
$8,642,969 8,647,448 8,367,776 8,521,449 9,032,437 
Yield
3.93 %3.94 3.98 4.00 4.08 
Allowance for loan losses
$(514,828)(561,242)(599,872)(595,547)(591,098)
Loans, net (3)
$37,019,305 37,935,235 37,612,395 38,289,004 39,171,474 
Yield
3.97 %3.93 4.02 4.03 3.92 
Mortgage loans held for sale
$196,032 242,940 246,962 309,278 244,952 
Yield
2.88 %3.06 2.68 2.74 2.92 
Other loans held for sale$527,736 615,301 660,753 544,301 493,940 
Yield3.06 %3.05 2.91 2.81 3.61 
Federal funds sold, due from Federal Reserve Bank, and other short-term investments
$3,271,501 2,705,819 2,838,063 2,716,645 1,265,880 
Yield
0.15 %0.11 0.10 0.10 0.11 
Federal Home Loan Bank and Federal Reserve Bank Stock (5)
$159,741 159,340 157,657 162,537 200,923 
Yield
1.26 %2.01 1.69 2.64 2.73 
Total interest earning assets
$51,056,158 50,846,157 49,956,456 49,524,083 48,609,960 
Yield
3.22 %3.26 3.32 3.49 3.58 
Interest-Bearing Liabilities
Interest-bearing demand deposits
$8,463,325 8,601,262 8,570,753 8,531,415 7,789,095 
Rate
0.10 %0.11 0.14 0.16 0.19 
Money Market accounts
$15,597,723 15,476,262 15,348,916 14,411,860 13,272,972 
Rate
0.15 %0.19 0.23 0.26 0.36 
Savings deposits
$1,377,089 1,333,297 1,219,288 1,147,667 1,114,956 
Rate
0.02 %0.02 0.02 0.01 0.02 
Time deposits under $100,000
$993,284 1,077,931 1,161,306 1,239,592 1,379,923 
Rate
0.33 %0.41 0.56 0.74 1.03 
Time deposits over $100,000
$2,430,744 2,714,451 2,993,996 3,302,959 3,863,821 
Rate
0.45 %0.56 0.74 1.03 1.44 
Other brokered deposits
$1,862,346 1,901,097 1,950,582 1,978,393 1,912,114 
Rate
0.21 %0.19 0.20 0.23 0.23 
Brokered time deposits
$996,777 1,156,510 1,418,751 1,795,982 2,232,940 
Rate
1.27 %1.35 1.50 1.60 1.59 
Total interest-bearing deposits
$31,721,288 32,260,810 32,663,592 32,407,868 31,565,821 
Rate
0.20 %0.24 0.31 0.39 0.54 
Federal funds purchased and securities sold under repurchase agreements
$202,525 204,053 209,448 174,316 180,342 
Rate
0.07 %0.07 0.07 0.07 0.09 
Other short-term borrowings
$ — — — 46,739 
Rate
 %— — — 1.12 
Long-term debt
$1,203,500 1,203,038 1,202,613 1,552,791 2,234,665 
Rate
3.81 %3.82 3.63 3.96 2.71 
Total interest-bearing liabilities
$33,127,313 33,667,901 34,075,653 34,134,975 34,027,567 
Rate
0.33 %0.36 0.42 0.55 0.68 
Non-interest-bearing demand deposits
$15,755,929 15,088,836 13,791,286 13,566,112 12,773,676 
Cost of funds
0.22 %0.25 0.30 0.40 0.50 
Effective cost of funds(6)
0.21 %0.24 0.28 0.37 0.48 
Net interest margin
3.01 %3.02 3.04 3.12 3.10 
Taxable equivalent adjustment (4)
$736 791 774 821 956 
(1) Yields and rates are annualized.
(2) Excludes net unrealized gains and losses.
(3) Average loans are shown net of unearned income. Non-performing loans are included.
(4) Reflects taxable-equivalent adjustments, using the statutory federal income tax rate of 21%, in adjusting interest on tax-exempt loans and investment securities to a taxable-equivalent basis.
(5) Included as a component of other assets on the consolidated balance sheet.
(6) Includes the impact of non-interest-bearing capital funding sources.




Synovus
LOANS OUTSTANDING BY TYPE
(Unaudited)Total LoansTotal LoansLinked QuarterTotal LoansYear/Year
(Dollars in thousands)
Loan TypeSeptember 30, 2021June 30, 2021% Change September 30, 2020% Change
Commercial, Financial, and Agricultural$11,771,037 $12,085,534 (3)%$12,931,095 (9)%
Owner-Occupied7,163,751 7,064,599 7,192,543 — 
Total Commercial & Industrial18,934,788 19,150,133 (1)20,123,638 (6)
Multi-Family2,197,139 2,086,641 2,359,112 (7)
Hotels1,441,414 1,411,443 1,407,238 
Office Buildings2,341,316 2,340,378 — 2,260,240 
Shopping Centers1,570,020 1,645,275 (5)1,736,210 (10)
Warehouses687,496 657,699 728,446 (6)
Other Investment Property1,211,078 1,076,577 12 942,962 28 
Total Investment Properties9,448,463 9,218,013 9,434,208 — 
1-4 Family Construction191,906 174,009 10 180,277 
1-4 Family Investment Mortgage421,968 462,335 (9)474,473 (11)
Total 1-4 Family Properties613,874 636,344 (4)654,750 (6)
Commercial Development103,512 120,683 (14)111,403 (7)
Residential Development186,033 164,950 13 259,617 (28)
Land Acquisition188,378 221,061 (15)276,085 (32)
Land and Development477,923 506,694 (6)647,105 (26)
Total Commercial Real Estate10,540,260 10,361,051 10,736,063 (2)
Consumer Mortgages5,108,499 5,200,762 (2)5,664,686 (10)
Home Equity Lines1,308,254 1,358,211 (4)1,629,482 (20)
Credit Cards293,026 285,508 264,829 11 
Other Consumer Loans2,156,203 1,880,353 15 1,131,149 91 
Total Consumer8,865,982 8,724,834 8,690,146 
Total$38,341,030 $38,236,018 — %$39,549,847 (3)%
NON-PERFORMING LOANS COMPOSITION
(Unaudited)Total
Non-performing Loans
Total
Non-performing Loans
Linked QuarterTotal
Non-performing Loans
Year/Year
(Dollars in thousands)
Loan TypeSeptember 30, 2021June 30, 2021% ChangeSeptember 30, 2020% Change
Commercial, Financial, and Agricultural$77,349 $70,943 %$95,365 (19)%
Owner-Occupied13,134 13,155 — 20,261 (35)
Total Commercial & Industrial90,483 84,098 115,626 (22)
Multi-Family2,396 2,407 — 157 nm
Office Buildings2,488 1,618 54 27,608 (91)
Shopping Centers932 124 652 257 263 
Warehouses302 218 39 — nm
Other Investment Property624 407 53 238 162 
Total Investment Properties6,742 4,774 41 28,260 (76)
1-4 Family Construction522 548 (5)1,556 (66)
1-4 Family Investment Mortgage2,364 1,927 23 1,815 30 
Total 1-4 Family Properties2,886 2,475 17 3,371 (14)
Commercial Development463 560 (17)833 (44)
Residential Development449 451 — 648 (31)
Land Acquisition1,024 1,029 — 910 13 
Land and Development1,936 2,040 (5)2,391 (19)
Total Commercial Real Estate11,564 9,289 24 34,022 (66)
Consumer Mortgages37,541 51,376 (27)7,433 405 
Home Equity Lines8,688 8,938 (3)10,297 (16)
Other Consumer Loans7,189 7,327 (2)1,459 393 
Total Consumer53,418 67,641 (21)19,189 178 
Total$155,465 $161,028 (3)%$168,837 (8)%




Synovus
CREDIT QUALITY DATA
(Unaudited)
(Dollars in thousands)20212020Third Quarter
ThirdSecondFirstFourthThird '21 vs '20
QuarterQuarterQuarterQuarterQuarter% Change
Non-performing Loans (NPLs)$155,465 161,028 155,169 151,079 168,837 (8)%
Impaired Loans Held for Sale — 23,590 23,590 — nm
Other Real Estate and Other Assets16,883 16,806 16,849 17,394 23,280 (27)
Non-performing Assets (NPAs)172,348 177,834 195,608 192,063 192,117 (10)
Allowance for Loan Losses (ALL)492,243 516,708 563,214 605,736 603,800 (18)
Reserve for Unfunded Commitments42,971 46,890 51,528 47,785 60,794 (29)
Allowance for Credit Losses (ACL)
535,214 563,598 614,742 653,521 664,594 (19)
Net Charge-Offs - Quarter20,516 26,547 20,204 22,139 28,466 
Net Charge-Offs - YTD67,266 46,750 20,204 94,712 72,573 
Net Charge-Offs / Average Loans - Quarter (1)
0.22 %0.28 0.21 0.23 0.29 
Net Charge-Offs / Average Loans - YTD (1)
0.24 0.24 0.21 0.24 0.25 
NPLs / Loans0.41 0.42 0.40 0.39 0.43 
NPAs / Loans, ORE and specific other assets0.45 0.46 0.50 0.50 0.49 
ACL/Loans1.40 1.47 1.58 1.71 1.68 
ALL/Loans1.28 1.35 1.45 1.58 1.53 
ACL/NPLs344.27 350.00 396.18 432.57 393.63 
ALL/NPLs316.63 320.88 362.97 400.94 357.62 
Past Due Loans over 90 days and Still Accruing$5,960 4,415 3,804 4,117 7,512 (21)
As a Percentage of Loans Outstanding0.02 %0.01 0.01 0.01 0.02 
Total Past Due Loans and Still Accruing$60,817 49,321 45,693 47,349 57,316 
As a Percentage of Loans Outstanding0.16 %0.13 0.12 0.12 0.14 
Accruing Troubled Debt Restructurings (TDRs)$126,055 124,528 129,776 134,972 163,511 (23)
(1) Ratio is annualized.
SELECTED CAPITAL INFORMATION (1)
(Unaudited)
(Dollars in thousands)
September 30, 2021December 31, 2020September 30, 2020
Tier 1 Capital$4,836,672 4,572,010 4,450,547 
Total Risk-Based Capital5,788,290 5,604,230 5,536,918 
Common Equity Tier 1 Capital Ratio9.63 %9.66 9.30 
Tier 1 Capital Ratio10.83 10.95 10.57 
Total Risk-Based Capital Ratio12.96 13.42 13.16 
Tier 1 Leverage Ratio8.82 8.50 8.48 
Common Equity as a Percentage of Total Assets (2)
8.50 8.51 8.54 
Tangible Common Equity Ratio (3) (5)
7.68 7.66 7.67 
Book Value Per Common Share (4)
$32.41 31.24 30.73 
Tangible Book Value Per Common Share (3)
29.04 27.88 27.34 
(1) Current quarter regulatory capital information is preliminary.
(2) Common equity consists of Total Shareholders' Equity less Preferred Stock.
(3) Excludes the carrying value of goodwill and other intangible assets from common equity and total assets.
(4) Book Value Per Common Share consists of Total Shareholders' Equity less Preferred Stock divided by total common shares outstanding.
(5) See "Non-GAAP Financial Measures" of this report for applicable reconciliation.