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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans, including fees $ 680,441 $ 700,657 $ 1,986,504 $ 2,093,942
Investment securities 91,440 87,643 278,512 238,440
Loans held for sale 1,138 1,045 2,994 2,755
Federal Reserve Bank balances 19,006 17,416 56,182 48,077
Other earning assets 3,094 3,746 9,334 11,245
Total interest income 795,119 810,507 2,333,526 2,394,459
Interest expense:        
Deposits 281,523 345,314 842,157 1,013,734
Long-term debt 38,668 24,055 102,102 82,041
Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings 233 398 627 4,101
Total interest expense 320,424 369,767 944,886 1,099,876
Net interest income 474,695 440,740 1,388,640 1,294,583
Provision for (reversal of) credit losses 21,690 23,434 35,855 103,818
Net interest income after provision for (reversal of) credit losses 453,005 417,306 1,352,785 1,190,765
Non-interest revenue:        
Service charges on deposit accounts 26,303 23,683 74,675 68,403
Fiduciary and asset management fees 21,039 19,714 61,288 58,455
Card fees 19,894 18,439 61,253 57,343
Brokerage revenue 21,673 20,810 62,779 63,974
Mortgage banking income 4,374 4,033 12,147 11,395
Capital markets income 13,944 10,284 33,845 31,988
Income from bank-owned life insurance 9,628 8,442 27,991 23,886
Investment securities gains (losses), net 1,742 0 1,742 (256,660)
Other non-interest revenue 22,100 18,575 55,577 55,233
Total non-interest revenue 140,697 123,980 391,297 114,017
Non-interest expense:        
Salaries and other personnel expense 197,313 184,814 575,006 552,742
Net occupancy, equipment, and software expense 49,089 46,977 146,330 140,200
Third-party processing and other services 22,306 21,552 67,715 63,593
Professional fees 13,307 10,854 33,283 34,140
FDIC insurance and other regulatory fees 7,042 7,382 23,120 37,694
Restructuring charges (reversals) (747) 1,219 (1,968) 2,084
Merger-related expense 23,757 0 23,757 0
Other operating expense 36,662 40,892 105,221 107,779
Total non-interest expense 348,729 313,690 972,464 938,232
Income before income taxes 244,973 227,596 771,618 366,550
Income tax expense 48,468 46,912 163,122 76,476
Net income 196,505 180,684 608,496 290,074
Less: Net income (loss) attributable to noncontrolling interest (489) (871) (1,227) (1,960)
Net income attributable to Synovus Financial Corp. 196,994 181,555 609,723 292,034
Less: Preferred stock dividends 11,404 11,927 34,122 31,325
Net income available to common shareholders $ 185,590 $ 169,628 $ 575,601 $ 260,709
Net income per common share, basic (in dollars per share) $ 1.34 $ 1.19 $ 4.13 $ 1.80
Net income per common share, diluted (in dollars per share) $ 1.33 $ 1.18 $ 4.10 $ 1.79
Weighted average common shares outstanding, basic (in shares) 138,803 143,144 139,452 145,039
Weighted average common shares outstanding, diluted (in shares) 139,612 143,979 140,289 145,718