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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

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, 2025 and 2024 and as of September 30, 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 September 30, 2025
(in thousands)			Wholesale Banking(1)						Community Banking(1)						Consumer Banking(1)						Financial Management Services(1)						Treasury and Corporate Other(2)						Synovus Consolidated
Net interest income (expense)			$	186,300					$	105,612					$	136,631					$	21,882					$	24,270					$	474,695
Provision for (reversal of) credit losses			28,368						11,051						5,248						3,995						(26,972)						21,690
Net interest income (expense) after provision for credit losses			157,932						94,561						131,383						17,887						51,242						453,005
Service charges on deposit accounts			5,943						7,642						12,216						4						498						26,303
Fiduciary and asset management fees			—						—						—						21,039						—						21,039
Card fees			3						8,894						6,729						—						4,268						19,894
Brokerage revenue			—						—						—						21,673						—						21,673
Mortgage banking income			—						—						—						4,374						—						4,374
Capital markets income			10,986						1,622						—						38						1,298						13,944
Other non-interest revenue			4,948						724						1,486						1,569						24,743						33,470
Total non-interest revenue			21,880						18,882						20,431						48,697						30,807						140,697
Salaries and other personnel expense			23,474						26,369						31,363						31,679						84,428						197,313
Other operating expense(1)(2)			8,259						11,092						17,970						7,807						106,288						151,416
Total non-interest expense			31,733						37,461						49,333						39,486						190,716						348,729
Income (loss) before income taxes			$	148,079					$	75,982					$	102,481					$	27,098					$	(108,667)					$	244,973

			Three Months Ended September 30, 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)			$	181,596					$	100,910					$	136,329					$	26,813					$	(4,908)					$	440,740
Provision for (reversal of) credit losses			31,313						10,617						5,263						4,082						(27,841)						23,434
Net interest income (expense) after provision for credit losses			150,283						90,293						131,066						22,731						22,933						417,306
Service charges on deposit accounts			5,399						7,373						10,520						5						386						23,683
Fiduciary and asset management fees			—						—						—						19,714						—						19,714
Card fees			3						7,363						6,671						—						4,402						18,439
Brokerage revenue			—						—						—						20,810						—						20,810
Mortgage banking income			—						—						—						4,033						—						4,033
Capital markets income			6,906						1,815						—						—						1,563						10,284
Other non-interest revenue			2,637						763						1,787						1,884						19,946						27,017
Total non-interest revenue			14,945						17,314						18,978						46,446						26,297						123,980
Salaries and other personnel expense			21,514						25,543						30,260						30,214						77,283						184,814
Other operating expense(1)			9,091						12,267						19,282						7,727						80,509						128,876
Total non-interest expense			30,605						37,810						49,542						37,941						157,792						313,690
Income (loss) before income taxes			$	134,623					$	69,797					$	100,502					$	31,236					$	(108,562)					$	227,596

(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.

(2) Treasury and Corporate Other includes merger-related expense of $23.8 million in the third quarter of 2025 related to the proposed Merger with Pinnacle.

			Nine Months Ended September 30, 2025
(in thousands)			Wholesale Banking(1)						Community Banking(1)						Consumer Banking(1)						Financial Management Services(1)						Treasury and Corporate Other(2)						Synovus Consolidated
Net interest income			$	539,546					$	303,784					$	400,499					$	64,711					$	80,100					$	1,388,640
Provision for (reversal of) credit losses			90,683						32,929						15,895						12,035						(115,687)						35,855
Net interest income after provision for credit losses			448,863						270,855						384,604						52,676						195,787						1,352,785
Service charges on deposit accounts			17,511						22,654						32,889						12						1,609						74,675
Fiduciary and asset management fees			—						—						—						61,288						—						61,288
Card fees			8						28,005						19,955						—						13,285						61,253
Brokerage revenue			—						—						—						62,779						—						62,779
Mortgage banking income			—						—						—						12,147						—						12,147
Capital markets income			22,034						4,253						226						342						6,990						33,845
Other non-interest revenue			11,999						2,567						5,061						4,973						60,710						85,310
Total non-interest revenue			51,552						57,479						58,131						141,541						82,594						391,297
Salaries and other personnel expense			72,762						81,266						91,945						94,423						234,610						575,006
Other operating expense(1)(2)			24,858						32,918						53,787						23,943						261,952						397,458
Total non-interest expense			97,620						114,184						145,732						118,366						496,562						972,464
Income (loss) before income taxes			$	402,795					$	214,150					$	297,003					$	75,851					$	(218,181)					$	771,618

			Nine Months Ended September 30, 2024
(in thousands)			Wholesale Banking(1)						Community Banking(1)						Consumer Banking(1)						Financial Management Services(1)						Treasury and Corporate Other(3)						Synovus Consolidated
Net interest income			$	546,836					$	298,030					$	410,506					$	75,283					$	(36,072)					$	1,294,583
Provision for (reversal of) credit losses			91,616						29,898						15,339						11,868						(44,903)						103,818
Net interest income after provision for credit losses			455,220						268,132						395,167						63,415						8,831						1,190,765
Service charges on deposit accounts			15,759						20,823						30,960						13						848						68,403
Fiduciary and asset management fees			—						—						—						58,455						—						58,455
Card fees			8						23,612						19,734						—						13,989						57,343
Brokerage revenue			—						—						—						63,974						—						63,974
Mortgage banking income			—						—						—						11,395						—						11,395
Capital markets income			18,271						5,306						—						430						7,981						31,988
Other non-interest revenue(3)			8,178						2,403						5,538						4,888						(198,548)						(177,541)
Total non-interest revenue			42,216						52,144						56,232						139,155						(175,730)						114,017
Salaries and other personnel expense			69,269						80,606						90,002						93,772						219,093						552,742
Other operating expense(1)			31,221						35,983						63,351						22,198						232,737						385,490
Total non-interest expense			100,490						116,589						153,353						115,970						451,830						938,232
Income (loss) before income taxes			$	396,946					$	203,687					$	298,046					$	86,600					$	(618,729)					$	366,550

(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.

(2) Treasury and Corporate Other includes merger-related expense of $23.8 million in the third quarter of 2025 related to the proposed Merger with Pinnacle.

(3) Treasury and Corporate Other includes a net loss of $256.7 million primarily due to the strategic repositioning of the investment securities portfolio in the second quarter of 2024.

			September 30, 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			$	25,821,429					$	8,075,467					$	2,603,853					$	5,210,585					$	2,041,900					$	43,753,234
Deposits			$	14,319,619					$	11,126,772					$	17,585,811					$	1,298,703					$	5,672,824					$	50,003,729
Full-time equivalent employees			355						552						1,524						553						1,863						4,847
			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						1,491						565						1,771						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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