XML 40 R29.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Segment Reporting (Tables)

6 Months Ended

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

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration