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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Loans, including fees $ 648,252 $ 691,715
Investment securities 93,352 71,906
Loans held for sale 757 578
Federal Reserve Bank balances 21,266 15,031
Other earning assets 3,138 3,480
Total interest income 766,765 782,710
Interest expense:    
Deposits 282,325 332,666
Long-term debt 29,848 29,595
Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings 208 1,603
Total interest expense 312,381 363,864
Net interest income 454,384 418,846
Provision for (reversal of) credit losses 10,921 53,980
Net interest income after provision for (reversal of) credit losses 443,463 364,866
Non-interest revenue:    
Service charges on deposit accounts 23,114 21,813
Fiduciary and asset management fees 19,917 19,013
Card fees 21,227 19,486
Brokerage revenue 20,359 22,707
Mortgage banking income 3,338 3,418
Capital markets income 6,941 6,627
Income from bank-owned life insurance 8,084 7,347
Other non-interest revenue 13,486 18,477
Total non-interest revenue 116,466 118,888
Non-interest expense:    
Salaries and other personnel expense 185,510 188,521
Net occupancy, equipment, and software expense 48,652 46,808
Third-party processing and other services 21,874 20,258
Professional fees 9,779 7,631
FDIC insurance and other regulatory fees 8,544 23,819
Restructuring charges (reversals) (1,292) 1,524
Other operating expense 34,967 34,180
Total non-interest expense 308,034 322,741
Income before income taxes 251,895 161,013
Income tax expense 57,023 36,943
Net income 194,872 124,070
Less: Net income (loss) attributable to noncontrolling interest (142) (437)
Net income attributable to Synovus Financial Corp. 195,014 124,507
Less: Preferred stock dividends 11,323 9,685
Net income available to common shareholders $ 183,691 $ 114,822
Net income per common share, basic (in dollars per share) $ 1.31 $ 0.78
Net income per common share, diluted (in dollars per share) $ 1.30 $ 0.78
Weighted average common shares outstanding, basic (in shares) 140,684 146,430
Weighted average common shares outstanding, diluted (in shares) 141,775 147,122