EX-99.1 2 snv_ex991x12312025newsrele.htm EX-99.1 Document

Exhibit 99.1
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Media Contact
Investor Contact
Audria Belton
Jennifer H. Demba, CFA
Media Relations
Investor Relations
media@synovus.cominvestorrelations@synovus.com

Synovus announces earnings for the fourth quarter 2025
Diluted earnings per share of $1.22 vs. $1.25 in 4Q24
Adjusted diluted earnings per share of $1.45 vs. $1.25 in 4Q24

Surrender of $220 million of lower-yielding BOLI policies reduced 4Q25 diluted EPS by $0.10

COLUMBUS, Ga., Jan. 21, 2026 - Pinnacle Financial Partners, Inc. (NYSE: PNFP) today reported financial results for Synovus Financial Corp. ("Synovus" or "legacy Synovus") for the quarter and year ended Dec. 31, 2025.

“Pinnacle and Synovus both delivered strong results in 2025, demonstrating our commitment to growth amid the pending merger”, said Pinnacle President and CEO Kevin Blair. “Legacy Pinnacle grew diluted EPS by 35% and adjusted diluted EPS by 22%, while legacy Synovus achieved increases of 76% and 28%, respectively. These outcomes reflect our team’s engagement, client focus and dedication to delivering value for shareholders. This momentum positions us for continued success in 2026 and strengthens our capacity to unify both organizations, building on similar legacies and shared values. Both firms prioritize client service, with legacy Pinnacle earning the No. 1 Net Promoter Score in our footprint and legacy Synovus earning No. 3. Pinnacle’s proven operating model remains the foundation of our growth, while Synovus brings extensive expertise, broad reach and operational excellence. Together, we’ll build a bank that combines scale with a clear purpose.”

Pinnacle and Synovus Merger

The merger of Pinnacle Financial Partners, Inc. (which we may refer to as “legacy Pinnacle”) and Synovus closed on Jan. 1, 2026. The combination creates one of the leading regional banks in the industry, positioned for accelerated growth by marrying the cultures of both banks with Pinnacle’s proven recruiting model and incentive structures and Synovus’ deep talent and capabilities. Integration teams have been working closely together to build the blueprint for Pinnacle’s future. While bankers continue to serve clients and recruit top talent with little to no disruption, others will work behind the scenes to execute as seamless an integration effort as possible. Systems and brand conversions are expected in March 2027. Throughout, the primary goal will be to enhance our client’s experience.

Synovus Financial Performance - Fourth Quarter 2025 Highlights

•EPS was $1.22 per diluted share, down 8% sequentially, and down 2% from the fourth quarter 2024. Adjusted diluted earnings per share in the fourth quarter 2025 was $1.45, essentially stable from the third quarter 2025, and up 16% year over year.
•Synovus surrendered $220 million of lower-yielding bank-owned life insurance policies, with the proceeds expected to be redeployed into high quality liquid assets at higher yields. This action reduced fourth quarter 2025 diluted EPS by $14.2 million, or $0.10 per share.
•Pre-provision net revenue of $280.1 million increased $13.4 million, or 5%, sequentially and was up $8.8 million, or 3%, compared to the fourth quarter 2024.


•Net interest income rose $9.9 million, or 2%, compared to the prior quarter and was up $29.6 million, or 7%, compared to the fourth quarter 2024. The net interest margin expanded 4 basis points from the third quarter 2025, supported by various factors including continued fixed asset rate repricing and the funding benefits of core deposit growth.
•Period-end loans rose $872.4 million, or 2%, from the third quarter 2025, driven by growth in middle market, corporate and investment banking and specialty lending. Core deposits, which excludes brokered deposits, increased $894.8 million, or 2%, sequentially. Total deposits ended the quarter at $51.32 billion, an increase of $1.32 billion or 3% sequentially, as a result of a focus on deposit production and public funds and middle market account seasonality.
•Non-interest revenue of $145.1 million rose 3% from the third quarter 2025 and increased $19.5 million, or 16%, compared to the fourth quarter 2024. Adjusted non-interest revenue of $144.3 million grew $7.9 million, or 6%, sequentially and rose $19.6 million, or 16%, compared to the fourth quarter 2024. Core banking fees, capital markets revenue and wealth income drove sequential and year-over-year growth.
•Non-interest expense of $349.6 million remained relatively stable, only increasing by $865 thousand sequentially. Adjusted non-interest expense rose 2% from the third quarter to $326.0 million. Compared to fourth quarter 2024, non-interest expense increased 13%, and adjusted non-interest expense rose 5%. Sequential non-interest expense growth was impacted by an increase in incentives and charitable donations which more than offset a FDIC special assessment reversal.
•Credit quality remains healthy. The non-performing loan ratio was 0.57%, the annualized net charge-off ratio for the fourth quarter 2025 was 0.22%, and total past dues were 0.14% of total loans outstanding. Provision for credit losses was $33.0 million, up $11.3 million sequentially and relatively stable compared to $32.9 million in the fourth quarter 2024. The allowance for credit losses ratio (to loans) of 1.19% was stable compared to the third quarter 2025.
•The Common Equity Tier 1 ratio1 increased 6 basis points from the third quarter to 11.28%, as Synovus prepared the balance sheet for the merger with Pinnacle, which closed on January 1, 2026.

Synovus Financial Performance - 2025 Highlights
•Net income available to common shareholders for 2025 was $746.7 million, or $5.33 per diluted share, compared to $439.6 million, or $3.03 per diluted share in 2024. Adjusted EPS was $5.69 per diluted share compared to $4.43 per diluted share in 2024. Growth was primary attributable to higher revenue and lower provision for credit losses.
•Pre-provision net revenue was $1.09 billion in 2025 compared to $741.6 million in 2024, largely due to growth in net interest income and non-interest revenue.
•Net interest income was $1.87 billion in 2025, up from $1.75 billion in the prior year as a result of earning asset growth and net interest margin expansion.
•Period-end loans increased $2.02 billion, or 5%, in 2025, primarily from growth in specialty and corporate and investment banking lending. Period-end deposits were relatively stable, increasing by $228.6 million, driven by growth in brokered, money market, and interest-bearing demand deposits, partially offset by lower time deposits. Net interest margin expansion was primarily a result of deposit cost improvement.
•Non-interest revenue was $536.4 million, up 124% from 2024, primarily due to a $256.7 million securities loss in the second quarter 2024. Adjusted non-interest revenue of $528.8 million grew 8% in 2025, largely driven by treasury management fees, capital markets income and wealth revenue.
•Non-interest expense was $1.32 billion in 2025, up 6% from 2024, impacted primarily by merger expense, headcount additions, merit increases, and higher incentives, partially offset by reversals related to the FDIC special assessment, while adjusted non-interest expense increased 3% year over year to $1.27 billion.
•Credit quality remains healthy. Net charge-offs were 0.18% of average loans compared to 0.31% in 2024. The provision for credit losses declined to $68.9 million in 2025 compared to $136.7 million in the prior year. The allowance for credit losses ratio (to loans) ended the year at 1.19% compared to 1.27% at the end of 2024.
•The year-end Common Equity Tier 1 ratio1 increased 44 basis points year over year to 11.28%.

1 Preliminary


Fourth Quarter 2025 Summary
ReportedAdjusted
(dollars in thousands)4Q253Q254Q244Q253Q254Q24
Net income available to common shareholders$171,054 $185,590 $178,848 $202,551 $203,930 $178,331 
Diluted earnings per share1.22 1.33 1.25 1.45 1.46 1.25 
Total revenue629,671 615,392 580,580 630,459612,794581,054
Total loans44,625,627 43,753,234 42,609,028 NANANA
Total deposits51,323,922 50,003,729 51,095,359 NANANA
Return on avg assets (1)
1.18 %1.30 %1.25 %1.39 %1.42 %1.25 %
Return on avg common equity(1)
12.62 14.36 14.75 14.94 15.78 14.71 
Return on avg tangible common equity(1)
14.09 16.11 16.72 16.66 17.69 16.67 
Net interest margin(2)
3.45 %3.41 %3.28 %NANANA
Efficiency ratio-TE(2)(3)
55.38 56.51 53.15 51.29 51.83 52.69 
NCO ratio-QTD0.22 0.14 0.26 NANANA
NPA ratio0.62 0.53 0.73 NANANA
CET1 ratio(4)
11.28 11.22 10.84 NANANA
(1) Annualized    
(2) Taxable equivalent    
(3) Adjusted tangible efficiency ratio
(4) Current period ratio preliminary
NA- not applicable

Balance Sheet
Loans*
(dollars in millions)4Q253Q25Linked Quarter ChangeLinked Quarter % Change4Q24Year/Year ChangeYear/Year % Change
Commercial & industrial$24,288.7 $23,229.0 $1,059.7 5 %$22,331.1 $1,957.5 9 %
Commercial real estate12,097.4 12,269.7 (172.3)(1)12,014.6 82.8 1 
Consumer8,239.6 8,254.5 (15.0)— 8,263.3 (23.7)— 
Total loans$44,625.6 $43,753.2 $872.4 2 %$42,609.0 $2,016.6 5 %
*    Amounts may not total due to rounding


Deposits*
(dollars in millions)4Q253Q25Linked Quarter ChangeLinked Quarter % Change4Q24Year/Year ChangeYear/Year % Change
Non-interest-bearing DDA$10,706.0 $10,707.8 $(1.8)— %$10,974.6 $(268.6)(2)%
Interest-bearing DDA7,617.3 7,428.7 188.6 3 7,199.7 417.6 6 
Money market11,976.0 11,761.7 214.4 2 11,407.4 568.6 5 
Savings946.2 955.7 (9.5)(1)971.1 (24.9)(3)
Public funds7,885.5 7,350.3 535.2 7 7,987.5 (102.0)(1)
Time deposits6,741.3 6,773.4 (32.0)— 7,679.9 (938.6)(12)
Brokered deposits5,451.6 5,026.2 425.4 8 4,875.2 576.4 12 
Total deposits$51,323.9 $50,003.7 $1,320.2 3 %$51,095.4 $228.6 — %
*    Amounts may not total due to rounding





Income Statement Summary*
(in thousands, except per share data)4Q253Q25Linked Quarter ChangeLinked Quarter % Change4Q24Year/Year ChangeYear/Year % Change
Net interest income$484,577$474,695$9,882 2 %$454,993$29,584 7 %
Non-interest revenue145,094140,6974,397 3 125,58719,507 16 
Non-interest expense349,594348,729865 — 309,31140,283 13 
 Provision for (reversal of) credit losses33,01521,69011,325 52 32,867148 —
Income before taxes$247,062$244,973$2,089 1 %$238,402$8,660 4 %
Income tax expense65,36648,46816,898 35 49,02516,341 33 
Net income181,696196,505(14,809)(8)189,377(7,681)(4)
Less: Net income (loss) attributable to noncontrolling interest(561)(489)(72)(15)(1,049)488 47 
Net income attributable to Synovus Financial Corp.182,257196,994(14,737)(7)190,426(8,169)(4)
Less: Preferred stock dividends11,20311,404(201)(2)11,578(375)(3)
Net income available to common shareholders$171,054$185,590$(14,536)(8)%$178,848$(7,794)(4)%
Weighted average common shares outstanding, diluted139,733139,612121 — 142,694(2,961)(2)
Diluted earnings per share$1.22 $1.33 $(0.11)(8)%$1.25 $(0.03)(2)%
Adjusted diluted earnings per share$1.45 $1.46 $(0.01)(1)%$1.25 $0.20 16 %
Effective tax rate26.46 %19.79 %20.56 %
*    Amounts may not total due to rounding
NM - not meaningful

Conference Call To Discuss Pinnacle and Synovus' Fourth Quarter Results

Pinnacle Financial Partners, Inc. will host a webcast and conference call at 8:30 a.m. ET on Jan. 22, 2026, to discuss legacy Pinnacle and legacy Synovus' standalone fourth quarter 2025 results and other matters. To access the call for audio only, please call 1-888-506-0062. For the presentation and streaming audio, please access the webcast on the investor relations page of Pinnacle's website at investors.pnfp.com. The replay will be archived for at least 12 months and will be available approximately one hour after the call.

Prior to consummation of the business combination transaction with legacy Pinnacle on Jan. 1, 2026, Synovus was a financial services company based in Columbus, Georgia, with $61 billion in assets. Synovus provided commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. As of Dec. 31, 2025, Synovus had 244 branches in Georgia, Alabama, Florida, South Carolina and Tennessee.

Forward-Looking Statements

This press release and certain of our other filings with the Securities and Exchange Commission contain statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through Pinnacle's use of words such as “believes,” “anticipates,” “expects,” “may,” “will,” “assumes,” “should,”


“predicts,” “could,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential” and other similar words and expressions of the future or otherwise regarding the outlook for Pinnacle's future business and financial performance and/or the performance of the banking industry and economy in general. These forward-looking statements include, among others, our expectations regarding the anticipated benefits and risks related to the recently-completed business combination with legacy Pinnacle, our future operating and financial performance; expectations on our intended strategies, initiatives, and other operational and execution goals; expectations on credit quality and performance; and the assumptions underlying our expectations. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Pinnacle to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Pinnacle's management and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Many of these factors are beyond Pinnacle's ability to control or predict.

These forward-looking statements are based upon information presently known to management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Synovus' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2024, under the captions “Cautionary Notice Regarding Forward-Looking Statements” and “Risk Factors” and in Synovus’ quarterly reports on Form 10-Q, current reports on Form 8-K and other filings and reports filed with the Securities and Exchange Commission. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law.


Synovus
INCOME STATEMENT DATA
(Unaudited)Years Ended
(Dollars in thousands, except per share data)December 31,
20252024% Change
Interest income$3,116,167 $3,193,589 (2)%
Interest expense1,242,950 1,444,012 (14)
Net interest income1,873,217 1,749,577 7 
Provision for (reversal of) credit losses68,871 136,685 (50)
Net interest income after provision for credit losses1,804,346 1,612,892 12 
Non-interest revenue:
    Service charges on deposit accounts100,655 91,647 10 
    Fiduciary and asset management fees84,590 79,828 6 
    Card fees82,529 76,920 7 
    Brokerage revenue85,045 84,881 — 
    Mortgage banking income15,311 14,060 9 
    Capital markets income49,547 44,058 12 
    Income from bank-owned life insurance38,399 34,429 12 
    Investment securities gains (losses), net704 (256,660)nm
    Other non-interest revenue79,612 70,441 13 
Total non-interest revenue536,392 239,604 124 
Non-interest expense:
   Salaries and other personnel expense776,344 737,467 5 
   Net occupancy, equipment, and software expense195,785 187,451 4 
   Third-party processing and other services90,856 85,751 6 
   Professional fees47,066 46,089 2 
   FDIC insurance and other regulatory fees25,314 45,921 (45)
Restructuring charges (reversals)(2,305)2,121 nm
   Merger-related expense42,261 — nm
   Other operating expenses146,737 142,743 3 
Total non-interest expense1,322,058 1,247,543 6 
Income before income taxes1,018,680 604,953 68 
Income tax expense228,488 125,502 82 
Net income790,192 479,451 65 
Less: Net income (loss) attributable to noncontrolling interest(1,788)(3,009)41 
Net income attributable to Synovus Financial Corp.791,980 482,460 64 
Less: Preferred stock dividends45,325 42,903 6 
Net income available to common shareholders$746,655 $439,557 70 %
Net income per common share, basic$5.36 $3.05 76 %
Net income per common share, diluted5.33 3.03 76 
Cash dividends declared per common share1.56 1.52 3 
Return on average assets1.31 %0.81 %50 bps
Return on average common equity14.73 9.50 523 
Weighted average common shares outstanding, basic139,296 144,164 (3)%
Weighted average common shares outstanding, diluted140,149 144,998 (3)
 nm - not meaningful
 bps - basis points
Amounts may not total due to rounding


Synovus
INCOME STATEMENT DATA
(Unaudited)
(Dollars in thousands, except per share data)20252024Fourth Quarter
Fourth QuarterThird QuarterSecond QuarterFirst QuarterFourth Quarter'25 vs '24
% Change
Interest income$782,641 $795,119 $771,642 $766,765 $799,130 (2)%
Interest expense298,064 320,424 312,081 312,381 344,137 (13)
Net interest income484,577 474,695 459,561 454,384 454,993 7 
Provision for (reversal of) credit losses33,015 21,690 3,245 10,921 32,867 — 
Net interest income after provision for credit losses451,562 453,005 456,316 443,463 422,126 7 
Non-interest revenue:
Service charges on deposit accounts25,980 26,303 25,258 23,114 23,244 12 
Fiduciary and asset management fees23,302 21,039 20,332 19,917 21,373 9 
Card fees21,276 19,894 20,132 21,227 19,577 9 
Brokerage revenue22,265 21,673 20,748 20,359 20,907 6 
Mortgage banking income3,164 4,374 4,435 3,338 2,665 19 
Capital markets income 15,702 13,944 12,960 6,941 12,070 30 
Income from bank-owned life insurance10,408 9,628 10,279 8,084 10,543 (1)
Investment securities gains (losses), net(1,038)1,742 — — — nm
Other non-interest revenue24,035 22,100 19,991 13,486 15,208 58 
Total non-interest revenue145,094 140,697 134,135 116,466 125,587 16 
Non-interest expense:
Salaries and other personnel expense201,339 197,313 192,182 185,510 184,725 9 
Net occupancy, equipment, and software expense49,455 49,089 48,589 48,652 47,251 5 
Third-party processing and other services23,141 22,306 23,535 21,874 22,158 4 
Professional fees13,783 13,307 10,197 9,779 11,949 15 
FDIC insurance and other regulatory fees2,194 7,042 7,534 8,544 8,227 (73)
Restructuring charges (reversals)(338)(747)72 (1,292)37 nm
Merger-related expense18,504 23,757 — — — nm
Other operating expenses41,516 36,662 33,592 34,967 34,964 19 
Total non-interest expense349,594 348,729 315,701 308,034 309,311 13 
Income before income taxes247,062 244,973 274,750 251,895 238,402 4 
Income tax expense65,366 48,468 57,631 57,023 49,025 33 
Net income181,696 196,505 217,119 194,872 189,377 (4)
Less: Net income (loss) attributable to noncontrolling interest(561)(489)(596)(142)(1,049)47 
Net income attributable to Synovus Financial Corp.182,257 196,994 217,715 195,014 190,426 (4)
Less: Preferred stock dividends11,203 11,404 11,395 11,323 11,578 (3)
Net income available to common shareholders$171,054 $185,590 $206,320 $183,691 $178,848 (4)
Net income per common share, basic$1.23 $1.34 $1.49 $1.31 $1.26 (2)%
Net income per common share, diluted1.22 1.33 1.48 1.30 1.25 (2)
Cash dividends declared per common share0.39 0.39 0.39 0.39 0.38 3 
Return on average assets *1.18 %1.30 %1.46 %1.32 %1.25 %(7)bps
Return on average common equity *12.62 14.36 16.71 15.48 14.75 (213)
Weighted average common shares outstanding, basic138,832 138,803 138,891 140,684 141,555 (2)%
Weighted average common shares outstanding, diluted139,733 139,612 139,502 141,775 142,694 (2)
 nm - not meaningful
 bps - basis points
* - ratios are annualized
Amounts may not total due to rounding


Synovus
BALANCE SHEET DATADecember 31, 2025September 30, 2025December 31, 2024
(Unaudited)
(In thousands, except share data)
ASSETS
Interest-earning deposits with banks and other cash and cash equivalents$2,513,159 $2,239,915 $2,977,667 
Federal funds sold and securities purchased under resale agreements24,546 34,292 16,320 
Cash, cash equivalents, and restricted cash2,537,705 2,274,207 2,993,987 
Investment securities held to maturity2,409,184 2,450,885 2,581,469 
Investment securities available for sale7,411,072 7,575,468 7,551,018 
Loans held for sale ($36,593, $41,083 and $33,448 measured at fair value,
respectively)		106,221 147,811 90,111 
Loans, net of deferred fees and costs44,625,627 43,753,234 42,609,028 
Allowance for loan losses(477,934)(469,521)(486,845)
Loans, net44,147,693 43,283,713 42,122,183 
Cash surrender value of bank-owned life insurance941,448 1,156,297 1,139,988 
Premises, equipment, and software, net377,940 376,013 383,724 
Goodwill480,440 480,440 480,440 
Other intangible assets, net23,809 26,436 34,318 
Other assets2,923,325 2,713,905 2,856,406 
Total assets$61,358,837 $60,485,175 $60,233,644 
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Non-interest-bearing deposits$11,201,939 $11,053,423 $11,596,119 
Interest-bearing deposits40,121,983 38,950,306 39,499,240 
Total deposits51,323,922 50,003,729 51,095,359 
Federal funds purchased and securities sold under repurchase agreements48,848 62,467 131,728 
Long-term debt2,456,442 3,008,195 1,733,109 
Other liabilities1,516,218 1,571,580 2,007,197 
Total liabilities55,345,430 54,645,971 54,967,393 
Shareholders' equity:
Preferred stock – no par value. Authorized 100,000,000 shares; issued 22,000,000 537,145 537,145 537,145 
Common stock – $1.00 par value. Authorized 342,857,142 shares; issued 172,814,570, 172,734,160, and 172,185,507 respectively; outstanding 138,893,470, 138,813,060, and 141,165,908 respectively
172,815 172,734 172,186 
Additional paid-in capital4,008,677 3,999,363 3,986,729 
Treasury stock, at cost – 33,921,100, 33,921,100, and 31,019,599 shares, respectively
(1,359,054)(1,359,096)(1,216,827)
Accumulated other comprehensive income (loss), net(628,261)(676,797)(970,765)
Retained earnings3,261,845 3,145,388 2,736,089 
Total Synovus Financial Corp. shareholders' equity5,993,167 5,818,737 5,244,557 
Noncontrolling interest in subsidiary20,240 20,467 21,694 
Total equity6,013,407 5,839,204 5,266,251 
Total liabilities and shareholders' equity$61,358,837 $60,485,175 $60,233,644 


Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
20252024
(dollars in thousands)
Average BalanceInterest  Yield/
   Rate		Average BalanceInterest  Yield/
   Rate
Assets
Interest earning assets:
Commercial loans (1) (2)
$34,807,591 $2,227,483 6.40 %$34,708,207 $2,339,075 6.74 %
Consumer loans (1)
8,256,440 432,796 5.23 8,336,996 436,188 5.23 
Less: Allowance for loan losses
(470,524)— — (484,142)— — 
Loans, net
42,593,507 2,660,279 6.25 42,561,061 2,775,263 6.52 
Total investment securities (3)
10,548,772 367,544 3.48 10,641,008 329,478 3.10 
Interest-earning deposits with other banks1,905,873 80,518 4.17 1,564,556 79,713 5.02 
Federal funds sold and securities purchased under resale agreements25,157 727 2.85 28,544 998 3.44 
Mortgage loans held for sale
32,466 2,051 6.32 33,125 2,293 6.92 
Other loans held for sale86,690 2,027 2.31 68,098 1,386 2.00 
Other earning assets (4)
205,721 9,628 4.68 190,442 9,943 5.23 
Total interest earning assets
55,398,186 $3,122,774 5.64 %55,086,834 $3,199,074 5.81 %
Cash and due from banks
541,407 511,152 
Premises and equipment
380,529 377,386 
Cash surrender value of bank-owned life insurance
1,149,478 1,125,363 
Other assets (5)    
2,627,690 2,307,582 
Total assets
$60,097,290 $59,408,317 
Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Interest-bearing demand deposits    
$11,581,753 $249,674 2.16 %$10,879,231 $273,480 2.51 %
Money market accounts
14,209,490 380,369 2.68 13,069,507 408,087 3.12 
Savings deposits
980,254 1,421 0.14 1,021,838 1,262 0.12 
Time deposits
7,423,127 258,491 3.48 8,244,344 358,401 4.35 
Brokered deposits4,949,882 219,068 4.43 5,426,407 288,702 5.32 
Federal funds purchased and securities sold under repurchase agreements    
67,736 774 1.13 109,088 1,909 1.72 
Other short-term borrowings
— — — 45,489 2,514 5.44 
Long-term debt
2,173,586 133,153 6.11 1,607,048 109,657 6.80 
Total interest-bearing liabilities
41,385,828 $1,242,950 3.00 %40,402,952 $1,444,012 3.57 %
Non-interest-bearing demand deposits
11,388,003 11,904,120 
Other liabilities
1,696,451 1,911,827 
Total equity
5,627,008 5,189,418 
Total liabilities and shareholders' equity
$60,097,290 $59,408,317 
Net interest income, taxable equivalent net interest margin (6)
$1,879,824 3.39 %$1,755,062 3.19 %
Less: taxable-equivalent adjustment
6,607 5,485 
Net interest income
$1,873,217 $1,749,577 
(1)Average loans are shown net of unearned income. NPLs are included. Interest income includes fees as follows: 2025 — $50.7 million and 2024 — $49.4 million.
(2)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.
(3)Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.
(4)Includes trading account assets and FHLB and Federal Reserve Bank stock.
(5)Includes average net unrealized gains/(losses) on investment securities available for sale of $(369.8) million and $(724.8) million for the years ended December 31, 2025 and 2024, respectively.
(6)The net interest margin is calculated by dividing net interest income - TE by average total interest earning assets.



Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
Fourth Quarter 2025Third Quarter 2025Fourth Quarter 2024
(dollars in thousands)
Average BalanceInterest  Yield/
   Rate		Average BalanceInterest  Yield/
   Rate		Average BalanceInterest  Yield/
   Rate
Assets
Interest earning assets:
Commercial loans (1) (2)
$35,372,195 $560,813 6.29 %$35,041,225 $572,417 6.48 %$34,278,042 $569,759 6.61 %
Consumer loans (1)
8,244,603 107,987 5.21 8,258,139 109,760 5.29 8,258,712 107,507 5.19 
Less: Allowance for loan losses
(463,611)— — (464,057)— — (479,980)— — 
Loans, net
43,153,187 668,800 6.15 42,835,307 682,177 6.32 42,056,774 677,266 6.41 
Total investment securities (3)
10,213,678 89,032 3.49 10,494,221 91,440 3.49 10,623,943 91,038 3.43 
Interest-earning deposits with other banks
2,241,149 22,152 3.86 1,796,065 19,668 4.29 2,437,414 28,726 4.61 
Federal funds sold and securities purchased under resale agreements
25,946 169 2.55 24,695 208 3.30 21,177 210 3.88 
Mortgage loans held for sale
33,107 536 6.47 33,468 561 6.70 30,483 520 6.83 
Other loans held for sale92,796 549 2.32 96,203 577 2.35 74,019 404 2.13 
Other earning assets (4)
219,339 3,035 5.53 227,966 2,224 3.90 178,676 2,396 5.37 
Total interest earning assets
55,979,202 $784,273 5.56 %55,507,925 $796,855 5.70 %55,422,486 $800,560 5.75 %
Cash and due from banks
647,400 555,477 512,178 
Premises and equipment
377,447 379,240 382,784 
Other real estate
22,455 15,143 386 
Cash surrender value of bank-owned life insurance
1,155,266 1,151,651 1,135,952 
Other assets (5)    
2,657,727 2,476,116 2,720,830 
Total assets
$60,839,497 $60,085,552 $60,174,616 
Liabilities and Shareholders' Equity
Interest-bearing liabilities:
Interest-bearing demand deposits    
$11,854,688 $60,173 2.01 %$11,324,747 $63,034 2.21 %$11,298,352 $67,470 2.38 %
Money market accounts
14,302,985 89,499 2.48 14,306,362 99,698 2.76 13,768,434 101,063 2.92 
Savings deposits
955,018 371 0.15 978,165 375 0.15 986,522 316 0.13 
Time deposits
7,566,180 64,247 3.37 7,147,913 61,142 3.39 8,251,686 85,426 4.12 
Brokered deposits5,071,443 52,576 4.11 5,059,127 57,274 4.49 5,012,655 61,924 4.90 
Federal funds purchased and securities sold under repurchase agreements    
59,747 147 0.96 73,507 233 1.24 113,681 322 1.11 
Long-term debt
2,134,141 31,051 5.79 2,665,975 38,668 5.75 1,613,246 27,616 6.84 
Total interest-bearing liabilities
41,944,202 $298,064 2.82 %41,555,796 $320,424 3.06 %41,044,576 $344,137 3.34 %
Non-interest-bearing demand deposits
11,419,711 11,340,508 11,783,834 
Other liabilities
1,540,986 1,504,367 1,963,298 
Total equity
5,934,598 5,684,881 5,382,908 
Total liabilities and shareholders' equity
$60,839,497 $60,085,552 $60,174,616 
Net interest income, taxable equivalent net interest margin (6)
$486,209 3.45 %$476,431 3.41 %$456,423 3.28 %
Less: taxable-equivalent adjustment
1,632 1,736 1,430 
Net interest income
$484,577 $474,695 $454,993 
(1)Average loans are shown net of deferred fees and costs. NPLs are included. Interest income includes fees as follows: Fourth Quarter 2025 — $13.2 million, Third Quarter 2025 — $12.7 million, and Fourth Quarter 2024 —$13.7 million.
(2)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.
(3)Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.
(4)Includes trading account assets and FHLB and Federal Reserve Bank stock.
(5)Includes average net unrealized gains/(losses) on investment securities available for sale of $(263.1) million, $(350.4) million, and $(391.6) million for the Fourth Quarter 2025, Third Quarter 2025, and Fourth Quarter 2024, respectively.
(6)The net interest margin is calculated by dividing annualized net interest income - TE by average total interest earning assets.


Synovus
LOANS OUTSTANDING BY TYPE
(Unaudited)
(Dollars in thousands)
Total LoansTotal LoansLinked QuarterTotal LoansYear/Year
Loan TypeDecember 31, 2025September 30, 2025% ChangeDecember 31, 2024% Change
Commercial, Financial, and Agricultural$16,174,745 $15,360,223 5 %$14,498,992 12 %
Owner-Occupied8,113,919 7,868,746 3 7,832,137 4 
Total Commercial & Industrial24,288,664 23,228,969 5 22,331,129 9 
Multi-Family3,827,474 4,184,821 (9)4,185,545 (9)
Hotels1,933,245 1,804,352 7 1,769,384 9 
Office Buildings1,627,336 1,617,937 1 1,743,329 (7)
Shopping Centers1,482,535 1,392,004 7 1,273,439 16 
Warehouses961,228 960,604 — 846,025 14 
Other Investment Property1,448,104 1,502,389 (4)1,363,482 6 
Total Investment Properties11,279,922 11,462,107 (2)11,181,204 1 
1-4 Family Construction216,392 218,582 (1)212,226 2 
1-4 Family Investment Mortgage325,786 329,745 (1)333,692 (2)
Total 1-4 Family Properties542,178 548,327 (1)545,918 (1)
Commercial Development64,718 58,447 11 55,467 17 
Residential Development98,803 79,943 24 77,581 27 
Land Acquisition111,774 120,916 (8)154,449 (28)
Land and Development275,295 259,306 6 287,497 (4)
Total Commercial Real Estate12,097,395 12,269,740 (1)12,014,619 1 
Consumer Mortgages5,212,860 5,237,683 — 5,288,776 (1)
Home Equity Lines1,844,991 1,842,126 — 1,831,287 1 
Credit Cards185,828 176,367 5 185,871 — 
Other Consumer Loans995,889 998,349 — 957,346 4 
Total Consumer8,239,568 8,254,525 — 8,263,280 — 
Total$44,625,627 $43,753,234 2 %$42,609,028 5 %
NON-PERFORMING LOANS COMPOSITION
(Unaudited)
(Dollars in thousands)
Total
Non-performing Loans		Total
Non-performing Loans		Linked QuarterTotal
Non-performing Loans		Year/Year
Loan TypeDecember 31, 2025September 30, 2025% ChangeDecember 31, 2024% Change
Commercial, Financial, and Agricultural$125,295 $89,095 41 %$122,874 2 %
Owner-Occupied26,197 9,777 168 34,380 (24)
Total Commercial & Industrial151,492 98,872 53 157,254 (4)
Multi-Family113 114 (1)112 1 
Office Buildings33,523 33,439 — 72,430 (54)
Shopping Centers1,496 1,534 (2)515 190 
Warehouses114 120 (5)153 (25)
Other Investment Property422 604 (30)820 (49)
Total Investment Properties35,668 35,811 — 74,030 (52)
1-4 Family Construction750 — nm— nm
1-4 Family Investment Mortgage2,010 2,144 (6)2,385 (16)
Total 1-4 Family Properties2,760 2,144 29 2,385 16 
Commercial Development46 46 —— nm
Land Acquisition136 666 (80)1,389 (90)
Land and Development182 712 (74)1,389 (87)
Total Commercial Real Estate38,610 38,667 — 77,804 (50)
Consumer Mortgages46,972 44,993 4 50,834 (8)
Home Equity Lines13,187 20,800 (37)17,365 (24)
Other Consumer Loans5,996 5,995 — 5,907 2 
Total Consumer66,155 71,788 (8)74,106 (11)
Total$256,257 $209,327 22 %$309,164 (17)%


Synovus
CREDIT QUALITY DATA
(Unaudited)
(Dollars in thousands)20252024Fourth Quarter
FourthThirdSecondFirstFourth'25 vs '24
QuarterQuarterQuarterQuarterQuarter% Change
Non-performing Loans (NPL)$256,257 $209,327 $257,415 $286,629 $309,164 (17)%
Other Real Estate and Other Assets22,306 22,395 1,198 563 385 nm
Non-performing Assets (NPAs)$278,563 $231,722 $258,613 $287,192 $309,549 (10)
Allowance for Loan Losses (ALL)$477,934 $469,521 $464,831 $478,207 $486,845 (2)
Reserve for Unfunded Commitments51,536 50,748 48,975 50,655 52,462 (2)
Allowance for Credit Losses (ACL)
$529,470 $520,269 $513,806 $528,862 $539,307 (2)
Net Charge-Offs - Quarter23,815 15,227 18,301 21,366 28,101 
Net Charge-Offs - YTD78,708 54,893 39,667 21,366 133,994 
Net Charge-Offs / Average Loans - Quarter (1)
0.22 %0.14 %0.17 %0.20 %0.26 %
Net Charge-Offs / Average Loans - YTD (1)
0.18 0.17 0.19 0.20 0.31 
NPLs / Loans0.57 0.48 0.59 0.67 0.73 
NPAs / Loans, ORE and specific other assets0.62 0.53 0.59 0.67 0.73 
ACL/Loans1.19 1.19 1.18 1.24 1.27 
ALL/Loans1.07 1.07 1.07 1.12 1.14 
ACL/NPLs206.62 248.54 199.60 184.51 174.44 
ALL/NPLs186.51 224.30 180.58 166.84 157.47 
Past Due Loans over 90 days and Still Accruing$4,281 $3,801 $40,065 $40,886 $48,592 (91)
As a Percentage of Loans Outstanding0.01 %0.01 %0.09 %0.10 %0.11 %
Total Past Due Loans and Still Accruing$62,704 $44,183 $104,267 $93,493 $108,878 (42)
As a Percentage of Loans Outstanding0.14 %0.10 %0.24 %0.22 %0.26 %
(1) Ratio is annualized.
Amounts may not total due to rounding
SELECTED CAPITAL INFORMATION (1)
(Unaudited)
(Dollars in thousands)
December 31, 2025September 30, 2025December 31, 2024
Common Equity Tier 1 Capital Ratio11.28 %11.22 %10.84 %
Tier 1 Capital Ratio12.36 12.33 11.96 
Total Risk-Based Capital Ratio14.68 14.05 13.81 
Tier 1 Leverage Ratio10.12 10.02 9.55 
  Total Synovus Financial Corp. shareholders’ equity as a Percentage of Total Assets
9.77 9.62 8.71 
Tangible Common Equity Ratio(2)
8.14 7.96 7.02 
Book Value Per Common Share(3)
$39.28 38.05 33.35 
Tangible Book Value Per Common Share(2)(4)
35.65 34.40 29.70 
(1) Current quarter regulatory capital information is preliminary.
(2) See "Non-GAAP Financial Measures" for applicable reconciliation.
(3) Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock divided by total common shares outstanding.
(4) Tangible Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders' equity less Preferred Stock and less the carrying value of goodwill and other intangible assets divided by total common shares outstanding.


Non-GAAP Financial Measures

The measures entitled adjusted net income available to common shareholders; adjusted diluted earnings per share; adjusted non-interest revenue, adjusted non-interest expense; adjusted revenue taxable equivalent (TE); adjusted tangible efficiency ratio; adjusted pre-provision net revenue (PPNR); adjusted return on average assets; adjusted return on average common equity; return on average tangible common equity; adjusted return on average tangible common equity; tangible common equity ratio; and tangible book value per common share are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The most comparable GAAP measures to these measures are net income available to common shareholders; diluted earnings per share; total non-interest revenue; total non-interest expense; total revenue; efficiency ratio-TE; PPNR; return on average assets; return on average common equity; the ratio of total Synovus Financial Corp. shareholders' equity to total assets; and book value per common share, respectively.

Management believes that these non-GAAP financial measures provide meaningful additional information about Synovus to assist management and investors in evaluating Synovus’ operating results, financial strength, the performance of its business, and the strength of its capital position. However, these non-GAAP financial measures have inherent limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Adjusted net income available to common shareholders, adjusted diluted earnings per share, adjusted return on average assets, and adjusted return on average common equity are measures used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period-to-period comparisons. Adjusted non-interest revenue and adjusted revenue (TE) are measures used by management to evaluate non-interest revenue and total revenue exclusive of net investment securities gains (losses), fair value adjustments on non-qualified deferred compensation and other items not indicative of ongoing operations that could impact period-to-period comparisons. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Synovus’ performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. Adjusted PPNR is used by management to evaluate PPNR exclusive of items that management believes are not indicative of ongoing operations and impact period-to-period comparisons. The tangible common equity ratio is used by stakeholders to assess our capital position. Tangible book value per common share is used by stakeholders to assess our financial stability and value. The computations of these measures are set forth in the tables below.


Reconciliation of Non-GAAP Financial Measures
(in thousands, except per share data)4Q253Q254Q2420252024
Adjusted net income available to common shareholders and adjusted net income per common share, diluted
Net income available to common shareholders$171,054 $185,590 $178,848 $746,655 $439,557 
Valuation adjustment on GLOBALT earnout(719)— (719)(719)(719)
Restructuring charges (reversals)(338)(747)37 (2,305)2,121 
Valuation adjustment to Visa derivative2,940 2,911 — 8,051 8,700 
Loss (gain) on early extinguishment of debt1,344 — — 1,344 — 
Investment securities (gains) losses, net1,038 (1,742)— (704)256,660 
Merger-related expense(1)
18,504 23,757 — 42,261 — 
Tax on surrender of bank-owned life insurance policies14,227 — — 14,227 — 
Tax effect of adjustments(2)
(5,499)(5,839)165 (11,575)(64,423)
Adjusted net income available to common shareholders$202,551 $203,930 $178,331 $797,235 $641,896 
Weighted average common shares outstanding, diluted139,733 139,612 142,694 140,149 144,998 
Net income per common share, diluted$1.22 $1.33 $1.25 $5.33 $3.03 
Adjusted net income per common share, diluted1.45 1.46 1.25 5.69 4.43 
(1) As of the balance sheet date, a determination had not been made regarding whether certain merger-related costs will be tax deductible or not; therefore, merger-related expense has been tax effected.
(2) An assumed marginal tax rate of 24.2% was applied.

(dollars in thousands)4Q253Q254Q2420252024
Adjusted non-interest revenue
Total non-interest revenue$145,094 $140,697 $125,587 $536,392 $239,604 
Valuation adjustment on GLOBALT earnout(719)— (719)(719)(719)
Investment securities (gains) losses, net1,038 (1,742)— (704)256,660 
Fair value adjustment on non-qualified deferred compensation(1,163)(2,592)(237)(6,214)(5,159)
Adjusted non-interest revenue$144,250 $136,363 $124,631 $528,755 $490,386 
Adjusted non-interest expense
Total non-interest expense$349,594 $348,729 $309,311 $1,322,058 $1,247,543 
Merger-related expense(18,504)(23,757)— (42,261)— 
Restructuring (charges) reversals338 747 (37)2,305 (2,121)
Valuation adjustment to Visa derivative(2,940)(2,911)— (8,051)(8,700)
(Loss) gain on early extinguishment of debt(1,344)— — (1,344)— 
Fair value adjustment on non-qualified deferred compensation(1,163)(2,592)(237)(6,214)(5,159)
Adjusted non-interest expense
$325,981 $320,216 $309,037 $1,266,493 $1,231,563 


Reconciliation of Non-GAAP Financial Measures, continued
(dollars in thousands)4Q253Q254Q24
Adjusted revenue (TE) and adjusted tangible efficiency ratio
Adjusted non-interest expense$325,981 $320,216 $309,037 
Amortization of intangibles(2,627)(2,627)(2,888)
Adjusted tangible non-interest expense
$323,354 $317,589 $306,149 
Net interest income
$484,577 $474,695 $454,993 
Tax equivalent adjustment1,632 1,736 1,430 
Net interest income (TE)$486,209 $476,431 $456,423 
Net interest income$484,577 $474,695 $454,993 
Total non-interest revenue145,094 140,697 125,587 
Total revenue629,671 615,392 580,580 
Tax equivalent adjustment
1,632 1,736 1,430 
Total TE revenue
$631,303 $617,128 $582,010 
Valuation adjustment on GLOBALT earnout(719)— (719)
Investment securities (gains) losses, net1,038 (1,742)— 
Fair value adjustment on non-qualified deferred compensation(1,163)(2,592)(237)
Adjusted revenue (TE)
$630,459 $612,794 $581,054 
Efficiency ratio-(TE)
55.38 %56.51 %53.15 %
Adjusted tangible efficiency ratio
51.29 51.83 52.69 
Adjusted pre-provision net revenue
Net interest income$484,577 $474,695 $454,993 
Total non-interest revenue145,094 140,697 125,587 
Total non-interest expense(349,594)(348,729)(309,311)
Pre-provision net revenue (PPNR)$280,077 $266,663 $271,269 
Adjusted revenue (TE)$630,459 $612,794 $581,054 
Adjusted non-interest expense(325,981)(320,216)(309,037)
Adjusted PPNR$304,478 $292,578 $272,017 


Reconciliation of Non-GAAP Financial Measures, continued
(dollars in thousands)4Q253Q254Q24
Adjusted return on average assets (annualized)
Net income$181,696 $196,505 $189,377 
Restructuring charges (reversals)(338)(747)37 
Valuation adjustment on GLOBALT earnout(719)— (719)
Valuation adjustment to Visa derivative
2,940 2,911 — 
Loss (gain) on early extinguishment of debt
1,344 — — 
Investment securities (gains) losses, net
1,038 (1,742)— 
Merger-related expense(1)
18,504 23,757 — 
Tax on surrender of bank-owned life insurance policies14,227 — — 
Tax effect of adjustments(2)
(5,499)(5,839)165 
Adjusted net income$213,193 $214,845 $188,860 
Net income annualized$720,859 $779,612 $753,391 
Adjusted net income annualized$845,820 $852,374 $751,334 
Total average assets$60,839,497 $60,085,552 $60,174,616 
Return on average assets (annualized)1.18 %1.30 %1.25 %
Adjusted return on average assets (annualized)1.39 1.42 1.25 
(1) As of the balance sheet date, a determination had not been made regarding whether certain merger-related costs will be tax deductible or not; therefore, merger-related expense has been tax effected.
(2) An assumed marginal tax rate of 24.2% was applied.


Reconciliation of Non-GAAP Financial Measures, continued
(dollars in thousands)
4Q253Q254Q24
Adjusted return on average common equity, return on average tangible common equity, and adjusted return on average tangible common equity (annualized)
Net income available to common shareholders$171,054 $185,590 $178,848 
Restructuring charges (reversals)(338)(747)37 
Valuation adjustment on GLOBALT earnout(719)— (719)
Valuation adjustment to Visa derivative2,940 2,911 — 
Loss (gain) on early extinguishment of debt1,344 — — 
Investment securities (gains) losses, net1,038 (1,742)— 
Merger-related expense(1)
18,504 23,757 — 
Tax on surrender of bank-owned life insurance policies14,227 — — 
Tax effect of adjustments(2)
(5,499)(5,839)165 
Adjusted net income available to common shareholders
$202,551 $203,930 $178,331 
Adjusted net income available to common shareholders annualized
$803,599 $809,070 $709,447 
Amortization of intangibles, tax effected, annualized
7,905 7,907 8,715 
Adjusted net income available to common shareholders excluding amortization of intangibles annualized
$811,504 $816,977 $718,162 
Net income available to common shareholders annualized
$678,638 $736,308 $711,504 
Amortization of intangibles, tax effected, annualized7,905 7,907 8,715 
Net income available to common shareholders excluding amortization of intangibles annualized$686,543 $744,215 $720,219 
Total average Synovus Financial Corp. shareholders' equity less preferred stock$5,377,147 $5,127,084 $4,824,003 
Average goodwill(480,440)(480,440)(480,440)
Average other intangible assets, net(25,211)(27,665)(35,869)
Total average Synovus Financial Corp. tangible shareholders' equity less preferred stock$4,871,496 $4,618,979 $4,307,694 
Return on average common equity (annualized)12.62 %14.36 %14.75 %
Adjusted return on average common equity (annualized)14.94 15.78 14.71 
Return on average tangible common equity (annualized)14.09 16.11 16.72 
Adjusted return on average tangible common equity (annualized)16.66 17.69 16.67 
(1) As of the balance sheet date, a determination had not been made regarding whether certain merger-related costs will be tax deductible or not; therefore, merger-related expense has been tax effected.
(2) An assumed marginal tax rate of 24.2% was applied.


Reconciliation of Non-GAAP Financial Measures, continued
December 31,September 30,December 31,
(dollars in thousands)
202520252024
Tangible common equity ratio and tangible book value per common share
Total assets$61,358,837 $60,485,175 $60,233,644 
Goodwill(480,440)(480,440)(480,440)
Other intangible assets, net(23,809)(26,436)(34,318)
Tangible assets$60,854,588 $59,978,299 $59,718,886 
Total Synovus Financial Corp. shareholders' equity$5,993,167 $5,818,737 $5,244,557 
Goodwill(480,440)(480,440)(480,440)
Other intangible assets, net(23,809)(26,436)(34,318)
Preferred stock, no par value
(537,145)(537,145)(537,145)
Tangible common equity$4,951,773 $4,774,716 $4,192,654 
Total Synovus Financial Corp. shareholders’ equity to total assets ratio
9.77 %9.62 %8.71 %
Tangible common equity ratio8.14 7.96 7.02 
Tangible common equity$4,951,773 $4,774,716 $4,192,654 
Common shares outstanding138,894 138,813 141,166 
Book value per common share$39.28 $38.05 $33.35 
Tangible book value per common share35.65 34.40 29.70