XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.23.2

Subsequent Events | 6 Months Ended
--- | ---
Jun. 30, 2023
Subsequent Events [Abstract] |
Subsequent Events | Note 11 - Subsequent Events Pending sale of medical office loans On July 19, 2023, Synovus signed a purchase and sale agreement to sell approximately $1.3 billion of medical office loans; accordingly, a charge-off of the existing ACL of approximately $23 million has been recorded, and the loans have been reclassified to other loans held-for-sale subsequent to the end of the second quarter of 2023. The transaction is expected to result in an after-tax net loss of approximately $25 million that represents the difference between the amortized cost and the estimated value of the loan proceeds. Voluntary Early Retirement Program In July 2023, Synovus incurred approximately $19 million in one-time termination benefits, recorded as restructuring charges, associated with a voluntary early retirement program offered to certain qualified employees. Execution of third-party consumer loans sale On July 25, 2023, Synovus sold approximately $316 million of third-party consumer loans held for sale, with the remaining $22 million of the portfolio expected to settle in the third quarter of 2023. Synovus previously recognized a $19.1 million year-to-date loss as of June 30, 2023.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration