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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables present certain financial information for each reportable business segment for the three months ended March 31, 2025 and 2024 and as of March 31, 2025 and December 31, 2024. 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.

			Three Months Ended March 31, 2025
(in thousands)			Wholesale Banking(1)						Community Banking(1)						Consumer Banking(1)						Financial Management Services(1)						Treasury and Corporate Other						Synovus Consolidated
Net interest income (expense)			$	178,465					$	97,676					$	129,658					$	21,013					$	27,572					$	454,384
Provision for (reversal of) credit losses			31,925						10,714						5,399						4,075						(41,192)						10,921
Net interest income (expense) after provision for credit losses			146,540						86,962						124,259						16,938						68,764						443,463
Service charges on deposit accounts			5,658						7,338						10,083						4						31						23,114
Fiduciary and asset management fees			—						—						—						19,917						—						19,917
Card fees			3						10,269						6,383						—						4,572						21,227
Brokerage revenue			—						—						—						20,359						—						20,359
Mortgage banking income			—						—						—						3,338						—						3,338
Capital markets income			3,977						1,236						226						361						1,141						6,941
Other noninterest revenue			3,169						911						1,720						1,632						14,138						21,570
Total non-interest revenue			12,807						19,754						18,412						45,611						19,882						116,466
Salaries and other personnel expense			25,759						28,353						29,387						31,337						70,674						185,510
Other operating expense(1)			8,182						11,188						17,860						7,554						77,740						122,524
Total non-interest expense			33,941						39,541						47,247						38,891						148,414						308,034
Income (loss) before income taxes			$	125,406					$	67,175					$	95,424					$	23,658					$	(59,768)					$	251,895

			Three Months Ended March 31, 2024
(in thousands)			Wholesale Banking(1)						Community Banking(1)						Consumer Banking(1)						Financial Management Services(1)						Treasury and Corporate Other						Synovus Consolidated
Net interest income (expense)			$	183,666					$	99,023					$	138,627					$	23,220					$	(25,690)					$	418,846
Provision for (reversal of) credit losses			29,170						9,548						5,043						3,796						6,423						53,980
Net interest income (expense) after provision for credit losses			154,496						89,475						133,584						19,424						(32,113)						364,866
Service charges on deposit accounts			5,135						6,613						9,952						4						109						21,813
Fiduciary and asset management fees			—						—						—						19,013						—						19,013
Card fees			3						8,210						6,140						—						5,133						19,486
Brokerage revenue			—						—						—						22,707						—						22,707
Mortgage banking income			—						—						—						3,418						—						3,418
Capital markets income			3,195						902						—						553						1,977						6,627
Other noninterest revenue			2,992						954						1,855						1,175						18,848						25,824
Total non-interest revenue			11,325						16,679						17,947						46,870						26,067						118,888
Salaries and other personnel expense			25,852						28,253						29,683						32,919						71,814						188,521
Other operating expense(1)			9,458						12,741						22,441						6,764						82,816						134,220
Total non-interest expense			35,310						40,994						52,124						39,683						154,630						322,741
Income (loss) before income taxes			$	130,511					$	65,160					$	99,407					$	26,611					$	(160,676)					$	161,013

(1) Other operating expense for each reportable segment primarily includes, net occupancy, equipment, and software expense, third-party processing and other services, professional fees, and FDIC insurance and other regulatory fees.

			March 31, 2025
(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			$	24,766,893					$	7,909,624					$	2,719,333					$	5,241,567					$	2,011,321					$	42,648,738
Deposits			$	14,864,688					$	10,980,833					$	18,206,523					$	1,190,175					$	5,600,842					$	50,843,061
Full-time equivalent employees			345						541						1,484						560						1,790						4,720
			December 31, 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			$	24,677,119					$	7,921,182					$	2,776,305					$	5,263,474					$	1,970,948					$	42,609,028
Deposits			$	15,207,166					$	10,877,394					$	18,365,142					$	1,109,270					$	5,536,387					$	51,095,359
Full-time equivalent employees			336						533						1,475						565						1,787						4,696

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

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- References

No definition available.

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