Synovus Financial Corp. (SNV) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments467563564491402404372
Cash and cash equivalents458553556488398395367
Short-term investments81173495
Total current assets:467563564491402404372
Noncurrent Assets
Finance lease, right-of-use asset2  
Operating lease, right-of-use asset  375
Property, plant and equipment   434427417445
Intangible assets, net (including goodwill)52454360977807324
Goodwill45245249757576024
Intangible assets, net (excluding goodwill)7190111202313 
Deferred income tax assets16913165
Total noncurrent assets:6956731,048511507490470
Other undisclosed assets56,15653,15746,59131,66630,31429,20927,951
TOTAL ASSETS:57,31754,39448,20332,66931,22230,10428,793
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 2361,919888   
Total current liabilities: 2361,919888   
Noncurrent Liabilities
Other undisclosed liabilities52,02048,99741,34228,64828,26027,17625,792
Total liabilities:52,02049,23343,26229,53628,26027,17625,792
Stockholders' equity
Stockholders' equity attributable to parent, including:5,2975,1614,9423,1342,9622,9283,000
Preferred stock537537537 126126126
Common stock169168167143143142141
Treasury stock, value(931)(732)(716)(1,015)(840)(665)(402)
Additional paid in capital3,8943,8513,8193,0613,0433,0282,990
Accumulated other comprehensive income (loss)(82)15966(94)(55)(56)(30)
Retained earnings1,7101,1781,068844544352175
Other undisclosed stockholders' equity attributable to parent   195   
Total stockholders' equity:5,2975,1614,9423,1342,9622,9283,000
TOTAL LIABILITIES AND EQUITY:57,31754,39448,20332,66931,22230,10428,793

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues883840421,2351,1461,1541,083
Gain on disposition of assets for financial service operations42146  
Net investment income3530 1,2351,071948881
Brokerage commissions revenue564542 
Financial services revenue75206202
Cost of revenue (355)(88)(52)(67)(28)(19)
Provision for loan, lease, and other losses (355)(88)(52)
Financial services costs(67)(28)(19)
Gross profit:883485(46)1,1841,0791,1261,064
Operating expenses(296)(351)(351)(247)(664)(615)(573)
Other operating income, net
(Noninterest Income, Other Operating Income)
   57   
Operating income (loss):587134(397)994415511490
Nonoperating income38110 15   
Investment income, nonoperating 79     
Bank owned life insurance income3831 15   
Interest and debt expense(120)(292)(459)(196)(162)(128)(120)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 5321,621 2286(12)
Income from continuing operations before equity method investments, income taxes:505485765813480388359
Other undisclosed income (loss) from continuing operations before income taxes485  (266)   
Income from continuing operations before income taxes:989485765547480388359
Income tax expense(229)(111)(201)(119)(205)(142)(132)
Net income attributable to parent:760374564428275247226
Preferred stock dividends and other adjustments(33)(33)(23)(18)(10)(10)(10)
Net income available to common stockholders, diluted:727341541410265237216

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:760374564428275247226
Other comprehensive income (loss)(241)93160(32)1(26)(17)
Comprehensive income, net of tax, attributable to parent:520467724396276221209

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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