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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments563564491402404372499
Cash and cash equivalents553556488398395367485
Short-term investments117349514
Disposal group, including discontinued operation      67
Total current assets:563564491402404372566
Noncurrent Assets
Operating lease, right-of-use asset 375
Property, plant and equipment  434427417445455
Intangible assets, net (including goodwill)5436097780732426
Goodwill4524975757602424
Intangible assets, net (excluding goodwill)90111202313 1
Deferred income tax assets13165
Total noncurrent assets:6731,048511507490470481
Other undisclosed assets53,15746,59131,66630,31429,20927,95126,004
TOTAL ASSETS:54,39448,20332,66931,22230,10428,79327,051
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2361,919888    
Total current liabilities:2361,919888    
Noncurrent Liabilities
Other undisclosed liabilities48,99741,34228,64828,26027,17625,79224,010
Total liabilities:49,23343,26229,53628,26027,17625,79224,010
Stockholders' equity
Stockholders' equity attributable to parent, including:5,1614,9423,1342,9622,9283,0003,041
Preferred stock537537 126126126126
Common stock168167143143142141140
Treasury stock, value(732)(716)(1,015)(840)(665)(402)(188)
Additional paid in capital3,8513,8193,0613,0433,0282,9902,961
Accumulated other comprehensive income (loss)15966(94)(55)(56)(30)(13)
Retained earnings1,1781,06884454435217515
Other undisclosed stockholders' equity attributable to parent  195    
Total stockholders' equity:5,1614,9423,1342,9622,9283,0003,041
TOTAL LIABILITIES AND EQUITY:54,39448,20332,66931,22230,10428,79327,051

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues840421,2351,1461,1541,0831,054
Gain on disposition of assets for financial service operations146  
Net investment income30 1,2351,071948881866
Brokerage commissions revenue4542 
Financial services revenue75206202188
Cost of revenue(355)(88)(52)(67)(28)(19)(34)
Provision for loan, lease, and other losses(355)(88)(52)
Financial services costs(67)(28)(19)(34)
Gross profit:485(46)1,1841,0791,1261,0641,021
Operating expenses(351)(351)(247)(664)(615)(573)(635)
Other operating income, net
(Noninterest Income, Other Operating Income)
  57    
Operating income (loss):134(397)994415511490386
Nonoperating income (expense)110 15   (26)
Investment income, nonoperating79     1
Loss on contract termination      (5)
Losses on sales of other real estate      (22)
Bank owned life insurance income31 15    
Interest and debt expense(292)(459)(196)(162)(128)(120)(109)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes5321,621 2286(12)52
Income from continuing operations before equity method investments, income taxes:485765813480388359303
Other undisclosed loss from continuing operations before income taxes  (266)    
Income from continuing operations before income taxes:485765547480388359303
Income tax expense(111)(201)(119)(205)(142)(132)(107)
Net income attributable to parent:374564428275247226195
Preferred stock dividends and other adjustments(33)(23)(18)(10)(10)(10)(10)
Net income available to common stockholders, diluted:341541410265237216185

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:374564428275247226195
Other comprehensive income (loss)93160(32)1(26)(17)29
Comprehensive income, net of tax, attributable to parent:467724396276221209224

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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