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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables present certain financial information for each reportable business segment for the three and six months ended June 30, 2024 and 2023. 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. Loan and deposit transfers occur from time to time between reportable business segments primarily to maintain the migration of clients and relationship managers between segments; however, prior period loan and deposit balances and any related net interest income and FTP are not adjusted for transfers. Treasury and Corporate Other's non-interest revenue for the three and six months ended June 30, 2024 was impacted by the net loss of $256.7 million recognized on sales of AFS investment securities in connection with the strategic repositioning of the investment securities portfolio in the second quarter of 2024.
| Three Months Ended June 30, 2024
(in thousands) | Wholesale Banking |  | Community Banking |  | Consumer Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Net interest income | $ | 181,574 |  |  | $ | 98,097 |  |  | $ | 135,550 |  |  | $ | 25,250 |  |  | $ | (5,473) |  |  | $ | 434,998 |
Non-interest revenue | 15,945 |  |  | 18,151 |  |  | 19,307 |  |  | 45,839 |  |  | (228,093) |  |  | (128,851) |
Non-interest expense | 34,575 |  |  | 37,786 |  |  | 51,004 |  |  | 38,346 |  |  | 140,090 |  |  | 301,801 |
Pre-provision net revenue (PPNR) | $ | 162,944 |  |  | $ | 78,462 |  |  | $ | 103,853 |  |  | $ | 32,743 |  |  | $ | (373,656) |  |  | $ | 4,346 |
| Three Months Ended June 30, 2023
(in thousands) | Wholesale Banking |  | Community Banking |  | Consumer Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Net interest income | $ | 194,334 |  |  | $ | 110,242 |  |  | $ | 158,113 |  |  | $ | 17,134 |  |  | $ | (24,292) |  |  | $ | 455,531 |
Non-interest revenue | 13,752 |  |  | 13,500 |  |  | 20,983 |  |  | 49,085 |  |  | 14,956 |  |  | 112,276 |
Non-interest expense | 33,955 |  |  | 35,464 |  |  | 50,861 |  |  | 42,401 |  |  | 144,500 |  |  | 307,181 |
Pre-provision net revenue (PPNR) | $ | 174,131 |  |  | $ | 88,278 |  |  | $ | 128,235 |  |  | $ | 23,818 |  |  | $ | (153,836) |  |  | $ | 260,626 |
| Six Months Ended June 30, 2024
(in thousands) | Wholesale Banking |  | Community Banking |  | Consumer Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Net interest income | $ | 365,240 |  |  | $ | 197,120 |  |  | $ | 274,176 |  |  | $ | 48,470 |  |  | $ | (31,162) |  |  | $ | 853,844 |
Non-interest revenue | 27,270 |  |  | 34,830 |  |  | 37,254 |  |  | 92,709 |  |  | (202,026) |  |  | (9,963) |
Non-interest expense | 69,885 |  |  | 78,779 |  |  | 103,128 |  |  | 78,029 |  |  | 294,721 |  |  | 624,542 |
Pre-provision net revenue (PPNR) | $ | 322,625 |  |  | $ | 153,171 |  |  | $ | 208,302 |  |  | $ | 63,150 |  |  | $ | (527,909) |  |  | $ | 219,339 |
| Six Months Ended June 30, 2023
(in thousands) | Wholesale Banking |  | Community Banking |  | Consumer Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Net interest income | $ | 393,434 |  |  | $ | 221,647 |  |  | $ | 312,744 |  |  | $ | 33,681 |  |  | $ | (25,223) |  |  | $ | 936,283 |
Non-interest revenue | 29,652 |  |  | 39,041 |  |  | 41,711 |  |  | 102,291 |  |  | 32,707 |  |  | 245,402 |
Non-interest expense | 68,617 |  |  | 68,926 |  |  | 99,808 |  |  | 86,240 |  |  | 305,443 |  |  | 629,034 |
Pre-provision net revenue (PPNR) | $ | 354,469 |  |  | $ | 191,762 |  |  | $ | 254,647 |  |  | $ | 49,732 |  |  | $ | (297,959) |  |  | $ | 552,651 |
| June 30, 2024
(dollars in thousands) | Wholesale Banking |  | Community Banking |  | Consumer Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Loans, net of deferred fees and costs | $ | 25,268,888 |  |  | $ | 7,980,532 |  |  | $ | 2,764,262 |  |  | $ | 5,341,008 |  |  | $ | 1,738,707 |  |  | $ | 43,093,397 |
Total deposits | $ | 13,271,067 |  |  | $ | 10,660,747 |  |  | $ | 18,799,143 |  |  | $ | 1,307,807 |  |  | $ | 6,157,014 |  |  | $ | 50,195,778 |
Total full-time equivalent employees | 339 |  |  | 556 |  |  | 1,508 |  |  | 569 |  |  | 1,755 |  |  | 4,727 |
| December 31, 2023
(dollars in thousands) | Wholesale Banking |  | Community Banking |  | Consumer Banking |  | Financial Management Services |  | Treasury and Corporate Other |  | Synovus Consolidated
Loans, net of deferred fees and costs | $ | 25,506,870 |  |  | $ | 7,966,794 |  |  | $ | 2,825,411 |  |  | $ | 5,374,280 |  |  | $ | 1,731,135 |  |  | $ | 43,404,490 |
Total deposits | $ | 13,847,833 |  |  | $ | 10,198,357 |  |  | $ | 18,698,298 |  |  | $ | 1,488,090 |  |  | $ | 6,506,607 |  |  | $ | 50,739,185 |
Total full-time equivalent employees | 334 |  |  | 576 |  |  | 1,522 |  |  | 604 |  |  | 1,762 |  |  | 4,798 |

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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