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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill allocated to each reporting unit at December 31, 2022 and 2021 is presented as follows:
(in thousands)Wholesale Banking Reporting UnitCommunity Banking Reporting UnitConsumer Banking Reporting UnitWealth Management Reporting UnitTotal Goodwill
Balance as of December 31, 2020 (1)
$171,636 $256,323 $— $24,431 $452,390 
Change in goodwill— — — — — 
Balance as of December 31, 2021$171,636 $256,323 $— $24,431 $452,390 
Change in goodwill from reallocation— (114,701)114,701 — — 
Balance as of December 31, 2022$171,636 $141,622 $114,701 $24,431 $452,390 
(1) During 2020, Synovus recorded a $44.9 million goodwill impairment charge representing all of the goodwill allocated to the Consumer Mortgage reporting unit; as such, the Consumer Mortgage reporting unit is not presented in the table above.
Schedule of Other Intangible Assets The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of December 31, 2022 and 2021, which primarily consist of core deposit intangible assets. The CDI is being amortized over its estimated useful life of approximately ten years utilizing an accelerated method. Aggregate other intangible assets amortization expense for the years ended December 31, 2022, 2021, and 2020 was $8.5 million, $9.5 million, and $10.6 million, respectively, and is included in other operating expense on the consolidated statements of income.
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying Value
December 31, 2022
CDI$57,400 $(35,484)$21,916 
Other12,500 (7,292)5,208 
Total other intangible assets$69,900 $(42,776)$27,124 
December 31, 2021
CDI57,400 (28,178)$29,222 
Other12,500 (6,126)6,374 
Total other intangible assets$69,900 $(34,304)$35,596 
Schedule of Finite-lived Intangible Assets Amortization Expense
The estimated amortization expense of other intangible assets for the next five years is as follows:
(in thousands)Amortization Expense
2023$7,429 
20246,366 
20255,266 
20264,195 
20272,824