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Condensed Financial Information of Synovus Financial Corp. (Parent Company only) | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Synovus Financial Corp. (Parent Company only) | Note 18 - Condensed Financial Information of Synovus Financial Corp. (Parent Company only)
Condensed Balance Sheets |
| December 31,
(in thousands) | 2025 |  | 2024
Assets |  |  |
Cash due from bank subsidiary | $ | 513,948 |  |  | $ | 859,336 |
Funds due from other depository institutions | 1,340 |  |  | 1,201 |
Total cash, cash equivalents, and restricted cash | 515,288 |  |  | 860,537 |
Investment in consolidated bank subsidiary, at equity | 5,825,212 |  |  | 5,177,551 |
Investment in consolidated non-bank subsidiaries, at equity | 167,172 |  |  | 140,793 |
Note receivable from bank subsidiary | 200,000 |  |  | 200,000 |
Other assets | 51,104 |  |  | 28,106 |
Total assets | $ | 6,758,776 |  |  | $ | 6,406,987 |
Liabilities and Shareholders' Equity |  |  |
Liabilities: |  |  |
Long-term debt | $ | 717,055 |  |  | $ | 1,046,950 |
Other liabilities | 48,554 |  |  | 115,480 |
Total liabilities | 765,609 |  |  | 1,162,430 |
Shareholders’ equity: |  |  |
Preferred stock | 537,145 |  |  | 537,145 |
Common stock | 172,815 |  |  | 172,186 |
Additional paid-in capital | 4,008,677 |  |  | 3,986,729 |
Treasury stock | (1,359,054) |  |  | (1,216,827) |
Accumulated other comprehensive income (loss), net | (628,261) |  |  | (970,765) |
Retained earnings | 3,261,845 |  |  | 2,736,089 |
Total shareholders’ equity | 5,993,167 |  |  | 5,244,557 |
Total liabilities and shareholders’ equity | $ | 6,758,776 |  |  | $ | 6,406,987 |
Condensed Statements of Income |
| Years Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
Income |  |  |  |  |
Cash dividends received from subsidiaries | $ | 550,000 |  |  | $ | 450,000 |  |  | $ | 435,000 |
Interest income | 8,914 |  |  | 6,175 |  |  | 6,129 |
Other income (loss) | (93) |  |  | 167 |  |  | (101) |
Total income | 558,821 |  |  | 456,342 |  |  | 441,028 |
Expense |  |  |  |  |
Interest expense | 73,218 |  |  | 49,424 |  |  | 36,849 |
Other expense | 41,090 |  |  | 19,179 |  |  | 12,494 |
Total expense | 114,308 |  |  | 68,603 |  |  | 49,343 |
Income before income taxes and equity in undistributed income of subsidiaries | 444,513 |  |  | 387,739 |  |  | 391,685 |
Allocated income tax benefit | (33,434) |  |  | (13,287) |  |  | (10,026) |
Income before equity in undistributed income of subsidiaries | 477,947 |  |  | 401,026 |  |  | 401,711 |
Equity in undistributed income (loss) of subsidiaries | 314,033 |  |  | 81,434 |  |  | 141,994 |
Net income | 791,980 |  |  | 482,460 |  |  | 543,705 |
Dividends on preferred stock | 45,325 |  |  | 42,903 |  |  | 35,950 |
Net income available to common shareholders | $ | 746,655 |  |  | $ | 439,557 |  |  | $ | 507,755 |
Condensed Statements of Comprehensive Income
| Years Ended December 31,
|  | 2025 |  | 2024 |  | 2023
(in thousands) |  | Net of Tax Amount |  | Net of Tax Amount |  | Net of Tax Amount
Net income |  | $ | 791,980 |  |  | $ | 482,460 |  |  | $ | 543,705 |
Other comprehensive gain (loss) of bank subsidiary |  | 342,504 |  |  | 146,308 |  |  | 325,044 |
Other comprehensive income (loss) |  | 342,504 |  |  | 146,308 |  |  | 325,044 |
Comprehensive income (loss) |  | $ | 1,134,484 |  |  | $ | 628,768 |  |  | $ | 868,749 |
Condensed Statements of Cash Flows |
| Years Ended December 31,
(in thousands) | 2025 |  | 2024 |  | 2023
Operating Activities |  |  |  |  |
Net income | $ | 791,980 |  |  | $ | 482,460 |  |  | $ | 543,705 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Equity in undistributed (income) loss of subsidiaries | (314,033) |  |  | (81,434) |  |  | (141,994) |
Deferred income tax expense (benefit) | (7,777) |  |  | 1,090 |  |  | 433 |
Net increase (decrease) in other liabilities | (1,543) |  |  | 17,071 |  |  | 4,849 |
Net (increase) decrease in other assets | (3,943) |  |  | (355) |  |  | (4,676) |
Other, net | 1,215 |  |  | 1,111 |  |  | 1,616 |
Net cash provided by (used in) operating activities | 465,899 |  |  | 419,943 |  |  | 403,933 |
Investing Activities |  |  |  |  |
Advance of long-term note receivable due from bank subsidiary | — |  |  | (100,000) |  |  | — |
Increase in other investments | (2,775) |  |  | (1,630) |  |  | (774) |
Net cash provided by (used in) investing activities | (2,775) |  |  | (101,630) |  |  | (774) |
Financing Activities |  |  |  |  |
Dividends paid to common and preferred shareholders | (316,146) |  |  | (260,824) |  |  | (252,011) |
Repurchase of common stock | (142,227) |  |  | (272,343) |  |  | — |
Repayments and redemption of long-term debt | (350,000) |  |  | — |  |  | (97,033) |
Proceeds from issuance of long-term debt, net | — |  |  | 496,791 |  |  | — |
Net cash provided by (used in) financing activities | (808,373) |  |  | (36,376) |  |  | (349,044) |
Increase (decrease) in cash, cash equivalents, and restricted cash | (345,249) |  |  | 281,937 |  |  | 54,115 |
Cash, cash equivalents, and restricted cash at beginning of year | 860,537 |  |  | 578,600 |  |  | 524,485 |
Cash, cash equivalents, and restricted cash at end of year | $ | 515,288 |  |  | $ | 860,537 |  |  | $ | 578,600 |
See accompanying notes to the audited consolidated financial statements.

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