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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Loans, including fees $ 2,769,778 $ 2,684,762 $ 1,806,060
Investment securities 329,478 248,294 209,951
Loans held for sale 3,679 30,092 34,037
Federal Reserve Bank balances 75,922 68,289 18,117
Other earning assets 14,732 18,921 7,622
Total interest income 3,193,589 3,050,358 2,075,787
Interest expense:      
Deposits 1,329,932 1,026,755 187,232
Long-term debt 109,657 180,670 79,402
Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings 4,423 26,278 12,253
Total interest expense 1,444,012 1,233,703 278,887
Net interest income 1,749,577 1,816,655 1,796,900
Provision for (reversal of) credit losses 136,685 189,079 84,553
Net interest income after provision for credit losses 1,612,892 1,627,576 1,712,347
Non-interest revenue:      
Service charges on deposit accounts 91,647 90,096 93,067
Fiduciary and asset management fees 79,828 78,077 78,414
Card fees 76,920 72,357 61,833
Brokerage revenue 84,881 90,004 72,605
Mortgage banking income 14,060 15,157 17,476
Capital markets income 44,058 39,045 36,286
Income from bank-owned life insurance 34,429 31,429 29,720
Investment securities gains (losses), net (256,660) (76,718) 0
Recovery of NPA 0 13,126 0
Other non-interest revenue 70,441 51,437 19,935
Total non-interest revenue 239,604 404,010 409,336
Non-interest expense:      
Salaries and other personnel expense 737,467 728,378 681,710
Net occupancy, equipment, and software expense 187,451 179,581 174,730
Third-party processing and other services 85,751 86,649 88,617
Professional fees 46,089 39,854 37,189
FDIC insurance and other regulatory fees 45,921 94,737 29,083
Restructuring charges (reversals) 2,121 17,707 (9,690)
Loss on other loans held for sale 0 50,064 0
Other operating expense 142,743 138,454 155,867
Total non-interest expense 1,247,543 1,335,424 1,157,506
Income before income taxes 604,953 696,162 964,177
Income tax expense 125,502 154,021 206,275
Net income 479,451 542,141 757,902
Less: Net income (loss) attributable to noncontrolling interest (3,009) (1,564) 0
Net income attributable to Synovus Financial Corp. 482,460 543,705 757,902
Less: Preferred stock dividends 42,903 35,950 33,163
Net income available to common shareholders $ 439,557 $ 507,755 $ 724,739
Net income per common share, basic (in dollars per share) $ 3.05 $ 3.48 $ 4.99
Net income per common share, diluted (in dollars per share) $ 3.03 $ 3.46 $ 4.95
Weighted average common shares outstanding, basic (in shares) 144,164 146,115 145,364
Weighted average common shares outstanding, diluted (in shares) 144,998 146,734 146,481