Synovus Financial Corp. (SNV) financial statements (2021 and earlier)

Company profile

Business Address 1111 BAY AVENUE
COLUMBUS, GA 31901
State of Incorp. GA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments564491402404372499470
Cash and cash equivalents556488398395367485470
Short-term investments7349514 
Disposal group, including discontinued operation     67 
Total current assets:564491402404372566470
Noncurrent Assets
Operating lease, right-of-use asset375
Property, plant and equipment 434427417445455469
Intangible assets, net (including goodwill)609778073242628
Goodwill497575760242424
Intangible assets, net (excluding goodwill)111202313 13
Prepaid expense      29
Deferred income tax assets65
Total noncurrent assets:1,048511507490470481526
Other undisclosed assets46,59131,66630,31429,20927,95126,00425,206
TOTAL ASSETS:48,20332,66931,22230,10428,79327,05126,202
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,919888     
Total current liabilities:1,919888     
Noncurrent Liabilities
Other undisclosed liabilities41,34228,64828,26027,17625,79224,01023,253
Total liabilities:43,26229,53628,26027,17625,79224,01023,253
Stockholders' equity
Stockholders' equity attributable to parent, including:4,9423,1342,9622,9283,0003,0412,949
Preferred stock537 126126126126 
Common stock167143143142141140978
Treasury stock, value(716)(1,015)(840)(665)(402)(188)(114)
Additional paid in capital3,8193,0613,0433,0282,9902,9612,138
Accumulated other comprehensive income (loss)66(94)(55)(56)(30)(13)(41)
Retained earnings (accumulated deficit)1,06884454435217515(138)
Other undisclosed stockholders' equity attributable to parent 195    126
Total stockholders' equity:4,9423,1342,9622,9283,0003,0412,949
TOTAL LIABILITIES AND EQUITY:48,20332,66931,22230,10428,79327,05126,202

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues421,2351,1461,1541,0831,054 
Net investment income 1,2351,071948881866 
Brokerage commissions revenue42 
Financial services revenue75206202188 
Cost of revenue(88)(52)(67)(28)(19)(34)(70)
Provision for loan, lease, and other losses(88)(52)
Financial services costs(67)(28)(19)(34)(70)
Gross profit:(46)1,1841,0791,1261,0641,021(70)
Operating expenses(351)(247)(664)(615)(573)(635)(414)
Other operating income, net
(Noninterest Income, Other Operating Income)
 57     
Operating income (loss):(397)994415511490386(484)
Nonoperating income (expense) 15   (26)(27)
Loss on contract termination     (5)(1)
Losses on sales of other real estate     (22)(26)
Bank owned life insurance income 15     
Interest and debt expense(459)(196)(162)(128)(120)(109)(119)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1,621 2286(12)52882
Income from continuing operations before equity method investments, income taxes:765813480388359303253
Other undisclosed loss from continuing operations before income taxes (266)     
Income from continuing operations before income taxes:765547480388359303253
Income tax expense(201)(119)(205)(142)(132)(107)(93)
Net income attributable to parent:564428275247226195159
Preferred stock dividends and other adjustments(23)(18)(10)(10)(10)(10)(41)
Net income available to common stockholders, diluted:541410265237216185119

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:564428275247226195159
Other comprehensive income (loss)160(32)1(26)(17)29(45)
Comprehensive income, net of tax, attributable to parent:724396276221209224114

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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