SYNOVUS FINANCIAL CORP SNV Income Statement

Synovus financial corp (SNV)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest income:
Loans, including fees
1,817,285	1,226,648	1,064,276	944,233	877,384	862,916	866,358	924,639	1,019,036	1,170,941	1,323,942	1,661,012
Investment securities available for sale
208,826	96,928	82,699	67,467	59,154	57,832	52,567	67,281	107,435	131,664	-	-
Trading account assets
-	-	-	-	303	456	548	963	925	843	1,091	1,924
U.S. Treasury securities
-	-	-	-	-	-	-	-	-	-	65,095	82,692
U.S. Government agency securities
-	-	-	-	-	-	-	-	-	-	352	164
Mortgage-backed securities
-	-	-	-	-	-	-	-	-	-	96,441	88,609
State and municipal securities
-	-	-	-	-	-	-	-	-	-	4,786	6,368
Equity securities
-	-	-	-	-	-	-	-	-	-	23	40
Other investments
-	-	-	-	-	-	-	-	-	-	2,247	5,375
Mortgage loans held for sale
3,233	1,950	1,926	2,646	2,546	2,304	4,441	6,201	6,195	8,654	10,837	7,342
Federal Reserve Bank balances
-	-	-	-	-	-	-	-	-	-	356	3,382
Other earning assets
-	-	-	-	-	-	-	-	-	-	45	93
Federal Reserve Bank balances
10,384	10,156	6,470	4,356	3,144	2,081	3,222	3,451	6,660	7,986	3,650	391
Other earning assets
10,910	8,623	7,126	4,101	3,431	3,103	1,878	1,605	1,505	493	324	188
Total interest income
2,050,638	1,344,305	1,162,497	1,022,803	945,962	928,692	929,014	1,004,140	1,141,756	1,320,581	1,509,189	1,857,580
Interest expense:
Deposits
356,949	143,871	81,325	64,206	65,534	55,179	64,392	95,749	173,885	288,327	456,247	667,453
Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings
26,185	3,553	950	501	168	220	324	614	1,063	1,921	3,841	38,577
Long-term debt
71,701	48,468	56,913	58,916	52,942	54,009	54,106	53,660	42,654	44,000	38,791	73,657
Total interest expense
454,835	195,892	139,188	123,623	118,644	109,408	118,822	150,023	217,602	334,248	498,879	779,687
Net interest income
1,595,803	1,148,413	1,023,309	899,180	827,318	819,284	810,192	854,117	924,154	986,333	1,010,310	1,077,893
Provision for Loan and Lease Losses
87,720	51,697	67,185	28,000	19,010	33,831	69,598	320,369	418,795	1,131,274	1,805,599	699,883
Net interest income after provision for credit losses
1,508,083	1,096,716	956,124	871,180	808,308	785,453	740,594	533,748	505,359	-144,941	-795,289	378,010
Non-interest revenue:
Service charges on deposit accounts
88,190	80,840	81,419	83,246	80,142	78,897	77,789	78,203	78,770	105,114	117,751	111,837
Fiduciary and asset management fees
58,388	54,685	50,485	46,594	45,928	45,226	43,450	42,503	45,809	44,142	44,168	48,779
Card fees
45,659	42,503	39,376	39,302	-	-	-	-	-	-	-	-
Brokerage revenue
41,608	35,366	29,266	27,028	27,855	27,088	27,538	26,913	26,006	28,184	28,475	33,119
Mortgage banking income
32,599	18,958	22,798	24,259	24,096	18,354	22,482	32,272	20,316	33,334	38,521	23,493
Capital markets income
30,529	5,803	5,632	-	-	-	-	-	-	-	-	-
Income from bank-owned life insurance
21,226	15,403	13,460	11,364	-	-	-	-	-	-	-	-
Cabela's Transaction Fee
0	0	75,000	0	0	-	-	-	-	-	-	-
Investment securities gains, net
-7,659	-1,296	-289	6,011	2,769	1,331	2,945	39,142	75,007	-1,271	14,067	45
Bankcard fees
-	-	-	-	33,172	32,931	30,641	34,075	41,493	41,420	36,139	35,283
Decrease in fair value of private equity investments, net
-	-	-	-	-219	-	-	8,233	-1,118	7,203	1,379	24,995
Gain on sale of Memphis branches, net
-	-	-	-	-	5,789	0	0	-	-	-	-
Gain from sale of MasterCard shares
-	-	-	-	-	-	-	-	-	-	8,351	16,186
Gain from redemption of Visa shares
-	-	-	-	-	-	-	-	-	-	-	38,542
Gain from sale of Visa shares
-	-	-	-	-	-	-	-	-	-	51,900	-
Other non-interest revenue
45,360	27,831	28,180	15,170	33,007	33,358	26,159	31,487	32,638	26,092	38,719	47,716
Total non-interest revenue
355,900	280,093	345,327	273,194	267,920	262,104	253,571	313,966	338,874	305,347	410,670	417,241
Non-interest expense:
Salaries and other personnel expense
570,036	453,420	433,321	402,026	380,918	371,904	368,152	375,872	371,546	418,629	425,170	455,395
Net occupancy and equipment expense
161,906	130,482	119,964	109,347	107,466	105,806	103,339	105,575	114,037	122,046	123,105	123,529
Third-party processing and other services
75,696	58,625	54,708	46,320	42,851	40,042	40,135	38,006	40,028	45,478	45,131	46,914
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	15,090	479,617
Professional fees
35,300	26,737	26,232	26,698	26,646	26,440	38,776	41,307	40,585	45,554	38,802	30,210
FDIC insurance and other regulatory fees
31,696	24,494	27,011	26,714	27,091	33,485	32,456	45,408	59,063	69,480	76,314	25,161
Advertising expense
21,371	20,881	22,948	20,264	15,477	24,037	8,971	6,614	-	-	-	-
Merger-related expense
56,580	10,065	110	1,636	-	0	-	-	-	-	-	-
Earnout liability adjustments
-	-	-	0	0	-	-	-	-	-	-	-
Foreclosed real estate expense, net
-	-	-	12,838	22,803	25,321	33,864	90,655	133,570	163,630	354,269	136,678
Loss on early extinguishment of debt, net
-4,592	0	-23,160	-4,735	-1,533	0	0	-	-	-	-	-
Losses on other loans held for sale, net
-	-	-	-	-	-	-	-4,681	2,737	-3,050	-1,703	-9,909
Fair value adjustment to Visa derivative
-	-	-	-	1,464	3,041	1,600	6,304	6,038	0	-6,441	-17,473
Restructuring charges, net
-	-	-	-	36	20,585	11,064	5,412	30,665	5,538	5,995	16,125
Loss (gain) on curtailment of post-retirement health benefit
-	-	-	-	-	-	-	-	-	-7,092	0	-
Other operating expenses
141,791	104,751	113,859	105,345	91,370	94,337	103,180	96,403	110,970	143,263	142,151	149,992
Total non-interest expense
1,098,968	829,455	821,313	755,923	717,655	744,998	741,537	816,237	903,765	1,009,576	1,221,289	1,456,057
Income before income taxes
765,015	547,354	480,138	388,451	358,573	302,559	252,628	31,477	-59,532	-849,170	-1,605,908	-660,806
Income tax expense
201,235	118,878	204,664	141,667	132,491	107,310	93,245	-798,732	1,312	-15,151	-171,977	-80,430
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-834,019	-1,433,931	-580,376
Income from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	43,162	4,590	5,650
Net income
-	-	-	246,784	226,082	195,249	159,383	830,209	-60,844	-790,857	-1,429,341	-574,726
Net (loss) income available to non-controlling interest
-	-	-	-	-	-	-	-	-220	-179	2,364	7,712
Net income
563,780	428,476	275,474	-	-	-	-	-	-60,624	-790,678	-1,431,705	-582,438
Less: Preferred stock dividends
22,881	17,998	10,238	10,238	10,238	10,238	40,830	58,703	58,088	57,510	56,966	2,057
Net income available to common shareholders
540,899	410,478	265,236	236,546	215,844	185,011	118,553	771,506	-118,712	-848,188	-1,488,671	-584,495
Net income (loss) from continuing operations attributable to common shareholders (per share)
-	-	-	-	-	-	-	-	-	-1.30	-4.00	-1.79
Net income per common share, basic (in dollars per share)
3.50	3.49	2.19	1.90	1.63	1.34	0.93	6.87	-0.15	-1.24	-	-1.77
Net income (loss) from continuing operations attributable to common shareholders (per share)
-	-	-	-	-	-	-	-	-	-1.30	-	-1.79
Net income per common share, diluted (in dollars per share)
3.47	3.47	2.17	1.89	1.62	1.33	0.88	5.93	-0.15	-1.24	-	-1.77
Weighted average common shares outstanding, basic (in shares)
154,331	117,644	121,162	124,389	132,423	138,495	127,495	112,352	785,272	685,186	-	329,319
Weighted average common shares outstanding, diluted (in shares)
156,058	118,378	122,012	125,078	133,201	139,154	134,226	130,015	785,272	685,186	-	329,319
Net loss attributable to common shareholders (per share)
-	-	-	-	-	-	-	-	-	-	-3.99	-
Other fee income
Revenue from contract with customer
-	-	-	20,220	21,170	19,130	22,567	21,138	19,953	21,129	31,200	37,246