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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables present certain financial information for each reportable business segment for the three and nine months ended September 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 nine months ended September 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 September 30, 2024
(in thousands)			Wholesale Banking						Community Banking						Consumer Banking						Financial Management Services						Treasury and Corporate Other						Synovus Consolidated
Net interest income			$	181,596					$	100,910					$	136,329					$	26,813					$	(4,908)					$	440,740
Non-interest revenue			14,945						17,314						18,978						46,446						26,297						123,980
Non-interest expense			30,605						37,810						49,222						37,941						158,112						313,690
Pre-provision net revenue (PPNR)			$	165,936					$	80,414					$	106,085					$	35,318					$	(136,723)					$	251,030

			Three Months Ended September 30, 2023
(in thousands)			Wholesale Banking						Community Banking						Consumer Banking						Financial Management Services						Treasury and Corporate Other						Synovus Consolidated
Net interest income			$	213,485					$	107,446					$	153,545					$	17,771					$	(49,088)					$	443,159
Non-interest revenue			10,329						14,161						18,901						48,348						15,400						107,139
Non-interest expense			63,311						39,587						51,461						42,879						156,294						353,532
Pre-provision net revenue (PPNR)			$	160,503					$	82,020					$	120,985					$	23,240					$	(189,982)					$	196,766

			Nine Months Ended September 30, 2024
(in thousands)			Wholesale Banking						Community Banking						Consumer Banking						Financial Management Services						Treasury and Corporate Other						Synovus Consolidated
Net interest income			$	546,836					$	298,030					$	410,506					$	75,283					$	(36,072)					$	1,294,583
Non-interest revenue			42,216						52,144						56,232						139,155						(175,730)						114,017
Non-interest expense			100,490						116,589						152,351						115,970						452,832						938,232
Pre-provision net revenue (PPNR)			$	488,562					$	233,585					$	314,387					$	98,468					$	(664,634)					$	470,368

			Nine Months Ended September 30, 2023
(in thousands)			Wholesale Banking						Community Banking						Consumer Banking						Financial Management Services						Treasury and Corporate Other						Synovus Consolidated
Net interest income			$	606,919					$	329,093					$	466,289					$	51,452					$	(74,311)					$	1,379,442
Non-interest revenue			39,980						53,202						60,611						150,639						48,109						352,541
Non-interest expense			131,929						108,513						151,269						129,119						461,736						982,566
Pre-provision net revenue (PPNR)			$	514,970					$	273,782					$	375,631					$	72,972					$	(487,938)					$	749,417

			September 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			$	25,341,633					$	7,957,555					$	2,750,021					$	5,295,822					$	1,775,643					$	43,120,674
Total deposits			$	13,655,638					$	10,900,104					$	18,617,135					$	1,237,924					$	5,782,939					$	50,193,740
Total full-time equivalent employees			339						533						1,507						566						1,783						4,728
			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

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- References

No definition available.

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