EX-99.2 3 snv_09302024xex992xfilingx.htm EX-99.2

			Synovus									Exhibit 99.2
			INCOME STATEMENT DATA
			(Unaudited)
			(Dollars in thousands, except per share data)			Nine Months Ended September 30,
						2024						2023						'24 vs '23
																		% Change
			Interest income			$	2,394,459					$	2,262,061					6		%
			Interest expense			1,099,876						882,619						25
			Net interest income			1,294,583						1,379,442						(6)
			Provision for (reversal of) credit losses			103,818						143,607						(28)
			Net interest income after provision for credit losses			1,190,765						1,235,835						(4)
			Non-interest revenue:
			Service charges on deposit accounts			68,403						67,836						1
			Fiduciary and asset management fees			58,455						59,928						(2)
			Card fees			57,343						51,485						11
			Brokerage revenue			63,974						68,043						(6)
			Mortgage banking income			11,395						12,138						(6)
			Capital markets income			31,988						32,589						(2)
			Income from bank-owned life insurance			23,886						21,106						13
			Investment securities gains (losses), net			(256,660)						1,030						nm
			Recovery of NPA			—						13,126						nm
			Other non-interest revenue			55,233						25,260						119
			Total non-interest revenue			114,017						352,541						(68)
			Non-interest expense:
			Salaries and other personnel expense			552,742						551,667						—
			Net occupancy, equipment, and software expense			140,200						131,435						7
			Third-party processing and other services			63,593						64,932						(2)
			Professional fees			34,140						28,707						19
			FDIC insurance and other regulatory fees			37,694						33,266						13
			Restructuring charges (reversals)			2,084						16,476						nm
			Loss on other loans held for sale			—						50,064						nm
			Other operating expenses			107,779						106,019						2
			Total non-interest expense			938,232						982,566						(5)
			Income before income taxes			366,550						605,810						(39)
			Income tax expense			76,476						133,242						(43)
			Net income			290,074						472,568						(39)
			Less: Net income (loss) attributable to noncontrolling interest			(1,960)						(796)						146
			Net income attributable to Synovus Financial Corp.			292,034						473,364						(38)
			Less: Preferred stock dividends			31,325						26,254						19
			Net income available to common shareholders			$	260,709					$	447,110					(42)		%
			Net income per common share, basic			$	1.80					$	3.06					(41)		%
			Net income per common share, diluted			1.79						3.05						(41)
			Cash dividends declared per common share			1.14						1.14						—
			Return on average assets *			0.7		%				1.0		%				(30)		bps
			Return on average common equity *			7.6						14.2						nm
			Weighted average common shares outstanding, basic			145,039						146,028						(1)		%
			Weighted average common shares outstanding, diluted			145,718						146,683						(1)
			nm - not meaningful
			bps - basis points
			* - ratios are annualized
			Amounts may not total due to rounding

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Synovus
			INCOME STATEMENT DATA
			(Unaudited)
			(Dollars in thousands, except per share data)			2024																		2023												Third Quarter
						Third Quarter						Second Quarter						First Quarter						Fourth Quarter						Third Quarter						'24 vs '23
																																				% Change
			Interest income			$	810,507					801,242						782,710						788,297						786,039						3		%
			Interest expense			369,767						366,244						363,864						351,083						342,880						8
			Net interest income			440,740						434,998						418,846						437,214						443,159						(1)
			Provision for (reversal of) credit losses			23,434						26,404						53,980						45,472						72,572						(68)
			Net interest income after provision for credit losses			417,306						408,594						364,866						391,742						370,587						13
			Non-interest revenue:
			Service charges on deposit accounts			23,683						22,907						21,813						22,260						21,385						11
			Fiduciary and asset management fees			19,714						19,728						19,013						18,149						20,205						(2)
			Card fees			18,439						19,418						19,486						20,872						18,602						(1)
			Brokerage revenue			20,810						20,457						22,707						21,961						21,387						(3)
			Mortgage banking income			4,033						3,944						3,418						3,019						3,671						10
			Capital markets income			10,284						15,077						6,627						6,456						7,980						29
			Income from bank-owned life insurance			8,442						8,097						7,347						10,324						6,965						21
			Investment securities gains (losses), net			—						(256,660)						—						(77,748)						—						nm
			Other non-interest revenue			18,575						18,181						18,477						26,175						6,944						167
			Total non-interest revenue			123,980						(128,851)						118,888						51,468						107,139						16
			Non-interest expense:
			Salaries and other personnel expense			184,814						179,407						188,521						176,712						179,741						3
			Net occupancy, equipment, and software expense			46,977						46,415						46,808						48,146						45,790						3
			Third-party processing and other services			21,552						21,783						20,258						21,717						21,439						1
			Professional fees			10,854						15,655						7,631						11,147						10,147						7
			FDIC insurance and other regulatory fees			7,382						6,493						23,819						61,470						11,837						(38)
			Restructuring charges (reversals)			1,219						(658)						1,524						1,231						17,319						nm
			Loss on other loans held for sale			—						—						—						—						30,954						nm
			Other operating expenses			40,892						32,706						34,180						32,435						36,305						13
			Total non-interest expense			313,690						301,801						322,741						352,858						353,532						(11)
			Income (loss) before income taxes			227,596						(22,058)						161,013						90,352						124,194						83
			Income tax expense (benefit)			46,912						(7,378)						36,943						20,779						27,729						69
			Net income (loss)			180,684						(14,680)						124,070						69,573						96,465						87
			Less: Net income (loss) attributable to noncontrolling interest			(871)						(652)						(437)						(768)						(630)						38
			Net income (loss) attributable to Synovus Financial Corp.			181,555						(14,028)						124,507						70,341						97,095						87
			Less: Preferred stock dividends			11,927						9,713						9,685						9,696						9,672						23
			Net income (loss) available to common shareholders			$	169,628					(23,741)						114,822						60,645						87,423						94		%
			Net income (loss) per common share, basic			$	1.19					(0.16)						0.78						0.41						0.60						98		%
			Net income (loss) per common share, diluted			1.18						(0.16)						0.78						0.41						0.60						97
			Cash dividends declared per common share			0.38						0.38						0.38						0.38						0.38						—
			Return on average assets *			1.2		%				(0.1)						0.8						0.5						0.6						60		bps
			Return on average common equity *			14.4						(2.1)						10.2						5.9						8.2						nm
			Weighted average common shares outstanding, basic			143,144						145,565						146,430						146,372						146,170						(2)		%
			Weighted average common shares outstanding, diluted			143,979						145,565						147,122						146,877						146,740						(2)
			nm - not meaningful
			bps - basis points
			* - ratios are annualized
			Amounts may not total due to rounding

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Synovus
			BALANCE SHEET DATA						September 30, 2024						December 31, 2023						September 30, 2023
			(Unaudited)
			(In thousands, except share data)
			ASSETS
			Interest-earning deposits with banks and other cash and cash equivalents						$	1,807,641					$	2,414,103					$	2,101,455
			Federal funds sold and securities purchased under resale agreements						45,971						37,323						36,176
			Cash, cash equivalents, and restricted cash						1,853,612						2,451,426						2,137,631
			Investment securities held to maturity						2,622,457						—						—
			Investment securities available for sale						7,554,168						9,788,662						9,237,191
			Loans held for sale (includes $36,943, $47,338 and $48,994 measured at fair value, respectively)						121,470						52,768						66,558
			Loans, net of deferred fees and costs						43,120,674						43,404,490						43,679,910
			Allowance for loan losses						(484,985)						(479,385)						(477,532)
			Loans, net						42,635,689						42,925,105						43,202,378
			Cash surrender value of bank-owned life insurance						1,133,652						1,112,030						1,107,092
			Premises, equipment, and software, net						380,267						365,851						364,054
			Goodwill						480,440						480,440						479,851
			Other intangible assets, net						37,207						45,928						49,096
			Other assets						2,770,666						2,587,324						2,699,079
			Total assets						$	59,589,628					$	59,809,534					$	59,342,930
			LIABILITIES AND EQUITY
			Liabilities:
			Deposits:
			Non-interest-bearing deposits						$	11,561,626					$	12,507,616					$	12,976,574
			Interest-bearing deposits						38,632,114						38,231,569						37,227,316
			Total deposits						50,193,740						50,739,185						50,203,890
			Federal funds purchased and securities sold under repurchase agreements						94,055						189,074						98,270
			Other short-term borrowings						—						3,496						2,362
			Long-term debt						2,021,050						1,932,534						2,704,701
			Other liabilities						1,902,612						1,801,097						1,772,139
			Total liabilities						54,211,457						54,665,386						54,781,362
			Equity:
			Shareholders' equity:
			Preferred stock - no par value. Authorized 100,000,000 shares; issued 22,000,000						537,145						537,145						537,145
			Common stock - $1.00 par value. Authorized 342,857,142 shares; issued 172,077,277, 171,360,188 and 170,859,506 respectively; outstanding 141,997,383, 146,705,330 and 146,204,648 respectively						172,077						171,360						170,860
			Additional paid-in capital						3,976,706						3,955,819						3,940,507
			Treasury stock, at cost; 30,079,894, 24,654,858 and 24,654,858 shares, respectively						(1,167,130)						(944,484)						(944,484)
			Accumulated other comprehensive income (loss), net						(773,786)						(1,117,073)						(1,679,404)
			Retained earnings						2,610,964						2,517,226						2,512,334
			Total Synovus Financial Corp. shareholders’ equity						5,355,976						5,119,993						4,536,958
			Noncontrolling interest in subsidiary						22,195						24,155						24,610
			Total equity						5,378,171						5,144,148						4,561,568
			Total liabilities and equity						$	59,589,628					$	59,809,534					$	59,342,930

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Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
			Third Quarter 2024																		Second Quarter 2024																		Third Quarter 2023
(dollars in thousands)			Average Balance						Interest						Yield/    Rate						Average Balance						Interest						Yield/    Rate						Average Balance						Interest						Yield/    Rate
Assets
Interest earning assets:
Commercial loans (1) (2) (3)			$	34,610,296					$	592,142					6.81		%				$	35,006,497					$	593,715					6.82		%				$	34,990,459					$	579,177					6.57		%
Consumer loans (1) (2)			8,298,130						109,908						5.28						8,358,325						109,206						5.23						8,509,757						108,065						5.06
Less: Allowance for loan losses			(482,863)						—						—						(492,640)						—						—						(461,385)						—						—
Loans, net			42,425,563						702,050						6.59						42,872,182						702,921						6.59						43,038,831						687,242						6.34
Total investment securities(4)			10,420,665						87,643						3.36						10,373,792						78,891						3.04						11,194,291						61,642						2.20
Trading account assets			14,392						246						6.84						8,809						162						7.37						16,186						237						5.86
Other earning assets(5)			1,408,415						18,803						5.24						1,271,953						16,800						5.23						1,237,445						16,369						5.17
FHLB and Federal Reserve Bank stock			170,977						2,113						4.94						189,706						2,687						5.67						244,906						3,783						6.18
Mortgage loans held for sale			34,890						612						7.01						37,364						666						7.13						53,904						879						6.52
Other loans held for sale			83,492						433						2.03						96,180						466						1.92						881,067						17,035						7.57
Total interest earning assets			54,558,394						811,900						5.92		%				54,849,986						802,593						5.89		%				56,666,630						787,187						5.51		%
Cash and due from banks			476,443																		531,604																		509,511
Premises and equipment			380,003																		376,293																		365,568
Other real estate			666																		18,003																		—
Cash surrender value of bank-owned life insurance			1,128,877																		1,121,764																		1,102,626
Other assets(6)			2,639,241																		2,349,199																		1,272,344
Total assets			$	59,183,624																	$	59,246,849																	$	59,916,679
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing demand deposits			$	10,834,829					71,786						2.64		%				$	10,789,288					68,809						2.57		%				$	10,114,171					52,983						2.08		%
Money market accounts			13,058,527						104,514						3.18						12,617,120						99,380						3.17						13,147,465						95,339						2.88
Savings deposits			1,007,962						355						0.14						1,036,321						304						0.12						1,178,322						280						0.09
Time deposits			8,437,861						93,052						4.39						8,382,774						93,431						4.48						6,180,584						59,972						3.85
Brokered deposits			5,476,231						75,607						5.49						5,483,298						73,830						5.42						6,442,690						83,486						5.14
Federal funds purchased and securities sold under repurchase agreements			94,629						369						1.53						114,595						570						1.97						73,344						296						1.58
Other short-term borrowings			2,209						29						5.20						108,946						1,530						5.55						1,722						—						—
Long-term debt			1,385,836						24,055						6.93						1,666,731						28,390						6.79						3,230,374						50,524						6.18
Total interest-bearing liabilities			40,298,084						369,767						3.65		%				40,199,073						366,244						3.66		%				40,368,672						342,880						3.37		%
Non-interest-bearing demand deposits			11,665,661																		12,099,256																		13,049,343
Other liabilities			1,967,351																		1,932,822																		1,713,131
Total equity			5,252,528																		5,015,698																		4,785,533
Total liabilities and equity			$	59,183,624																	$	59,246,849																	$	59,916,679
Net interest income and net interest margin, taxable equivalent (7)									$	442,133					3.22		%										$	436,349					3.20		%										$	444,307					3.11		%
Less: taxable-equivalent adjustment									1,393																		1,351																		1,148
Net interest income									$	440,740																	$	434,998																	$	443,159

(1)Average loans are shown net of unearned income. NPLs are included.

(2)Interest income includes fees as follows: Third Quarter 2024 — $12.7 million, Second Quarter 2024 — $12.3 million, and Third Quarter 2023 — $11.8 million.

(3)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.

(4)Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

(5)Includes interest-bearing funds with Federal Reserve Bank, interest earning deposits with banks, and federal funds sold and securities purchased under resale agreements.

(6)Includes average net unrealized gains (losses) on investment securities available for sale of $(424.6) million, $(727.6) million, and $(1.60) billion for the Third Quarter 2024, Second Quarter 2024, and Third Quarter 2023, respectively.

(7)The net interest margin is calculated by dividing annualized net interest income- TE by average total interest earning assets.

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Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
			Nine Months Ended September 30,
			2024																		2023
(dollars in thousands)			Average Balance						Interest						Yield/    Rate						Average Balance						Interest						Yield/    Rate
Assets
Interest earning assets:
Commercial loans (1) (2) (3)			$	34,852,642					$	1,769,316					6.78		%				$	35,216,487					$	1,672,529					6.35		%
Consumer loans (1) (2)			8,363,281						328,681						5.24						8,580,029						316,757						4.92
Less: Allowance for loan losses			(485,540)						—						—						(457,818)						—						—
Loans, net			42,730,383						2,097,997						6.56						43,338,698						1,989,286						6.14
Total investment securities(4)			10,646,738						238,440						2.99						11,229,290						183,118						2.17
Trading account assets			11,600						473						5.44						16,302						671						5.49
Other earning assets(5)			1,302,499						51,776						5.23						1,398,211						51,660						4.87
FHLB and Federal Reserve Bank stock			182,793						7,073						5.16						277,136						11,439						5.50
Mortgage loans held for sale			34,012						1,773						6.95						48,398						2,297						6.33
Other loans held for sale			66,109						982						1.95						625,262						26,995						5.69
Total interest earning assets			54,974,134						$	2,398,514					5.83		%				56,933,297						$	2,265,466					5.32		%
Cash and due from banks			510,807																		593,023
Premises and equipment			375,574																		367,332
Other real estate			6,223																		—
Cash surrender value of bank-owned life insurance			1,121,807																		1,096,567
Other assets(6)			2,162,476																		1,187,026
Total assets			$	59,151,021																	$	60,177,245
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing demand deposits			$	10,738,505					$	206,010					2.56		%				$	9,702,651					$	118,007					1.63		%
Money market accounts			12,834,830						307,024						3.20						13,665,672						253,351						2.48
Savings deposits			1,033,696						946						0.12						1,274,142						771						0.08
Time deposits			8,241,879						272,976						4.42						4,892,146						121,019						3.31
Brokered deposits			5,565,332						226,778						5.44						6,116,392						214,627						4.69
Federal funds purchased and securities sold under repurchase agreements			107,546						1,587						1.94						98,212						1,317						1.77
Other short-term borrowings			60,763						2,514						5.44						705,292						24,559						4.59
Long-term debt			1,604,966						82,041						6.80						3,400,156						148,968						5.80
Total interest-bearing liabilities			40,187,517						$	1,099,876					3.66		%				39,854,663						$	882,619					2.96		%
Non-interest-bearing demand deposits			11,944,508																		13,972,152
Other liabilities			1,894,545																		1,592,230
Total equity			5,124,451																		4,758,200
Total liabilities and equity			$	59,151,021																	$	60,177,245
Net interest income, taxable equivalent net interest margin (7)									$	1,298,638					3.16		%										$	1,382,847					3.25		%
Less: taxable-equivalent adjustment									4,055																		3,405
Net interest income									$	1,294,583																	$	1,379,442

(1)Average loans are shown net of unearned income. NPLs are included.

(2)Interest income includes fees as follows: 2024 — $35.7 million and 2023 — $34.6 million.

(3)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.

(4)Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

(5)Includes interest-bearing funds with Federal Reserve Bank, interest earning deposits with banks, and federal funds sold and securities purchased under resale agreements.

(6)Includes average net unrealized gains/(losses) on investment securities available for sale of $(836.6) million and $(1.53) billion for the nine months ended September 30, 2024 and 2023, respectively.

(7)The net interest margin is calculated by dividing annualized net interest income - TE by average total interest earning assets.

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Synovus
LOANS OUTSTANDING BY TYPE
(Unaudited)						Total Loans						Total Loans						Linked Quarter						Total Loans						Year/Year
(Dollars in thousands)
Loan Type						September 30, 2024						June 30, 2024						% Change						September 30, 2023						% Change
Commercial, Financial, and Agricultural						$	14,563,913					$	14,519,608					—		%				$	14,498,966					—		%
Owner-Occupied						8,100,084						8,017,004						1						8,281,988						(2)
Total Commercial & Industrial						22,663,997						22,536,612						1						22,780,954						(1)
Multi-Family						4,379,459						4,288,436						2						3,930,617						11
Hotels						1,738,068						1,802,076						(4)						1,790,094						(3)
Office Buildings						1,778,698						1,801,945						(1)						1,911,095						(7)
Shopping Centers						1,260,460						1,298,967						(3)						1,327,770						(5)
Warehouses						837,145						865,359						(3)						985,723						(15)
Other Investment Property						1,352,719						1,271,266						6						1,432,456						(6)
Total Investment Properties						11,346,549						11,328,049						—						11,377,755						—
1-4 Family Construction						190,705						171,335						11						224,091						(15)
1-4 Family Investment Mortgage						337,425						381,212						(11)						396,813						(15)
Total 1-4 Family Properties						528,130						552,547						(4)						620,904						(15)
Commercial Development						48,948						65,994						(26)						64,212						(24)
Residential Development						67,525						67,231						—						92,209						(27)
Land Acquisition						186,332						201,666						(8)						239,773						(22)
Land and Development						302,805						334,891						(10)						396,194						(24)
Total Commercial Real Estate						12,177,484						12,215,487						—						12,394,853						(2)
Consumer Mortgages						5,323,443						5,371,164						(1)						5,391,282						(1)
Home Equity						1,809,286						1,812,940						—						1,784,356						1
Credit Cards						181,386						178,889						1						191,046						(5)
Other Consumer Loans						965,078						978,305						(1)						1,137,419						(15)
Total Consumer						8,279,193						8,341,298						(1)						8,504,103						(3)
Total						$	43,120,674					$	43,093,397					—		%				$	43,679,910					(1)		%
NON-PERFORMING LOANS COMPOSITION
(Unaudited)						Total Non-performing Loans						Total Non-performing Loans						Linked Quarter						Total Non-performing Loans						Year/Year
(Dollars in thousands)
Loan Type						September 30, 2024						June 30, 2024						% Change						September 30, 2023						% Change
Commercial, Financial, and Agricultural						$	107,004					$	120,107					(11)		%				$	97,468					10		%
Owner-Occupied						48,390						50,977						(5)						84,505						(43)
Total Commercial & Industrial						155,394						171,084						(9)						181,973						(15)
Multi-Family						1,692						1,718						(2)						1,702						(1)
Office Buildings						78,281						7,350						nm						27,810						181
Shopping Centers						523						541						(3)						653						(20)
Warehouses						163						177						(8)						207						(21)
Other Investment Property						1,612						1,782						(10)						572						182
Total Investment Properties						82,271						11,568						nm						30,944						166
1-4 Family Construction						311						311						—						—						nm
1-4 Family Investment Mortgage						2,533						2,749						(8)						3,386						(25)
Total 1-4 Family Properties						2,844						3,060						(7)						3,386						(16)
Residential Development						268						303						(12)						267						—
Land Acquisition						1,422						606						135						538						164
Land and Development						1,690						909						86						805						110
Total Commercial Real Estate						86,805						15,537						459						35,135						147
Consumer Mortgages						48,956						48,352						1						43,863						12
Home Equity						15,837						14,947						6						11,620						36
Other Consumer Loans						5,972						6,186						(3)						7,941						(25)
Total Consumer						70,765						69,485						2						63,424						12
Total						$	312,964					$	256,106					22		%				$	280,532					12		%

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Synovus
			CREDIT QUALITY DATA
			(Unaudited)
			(Dollars in thousands)						2024																		2023												Third Quarter
									Third						Second						First						Fourth						Third						'24 vs '23
									Quarter						Quarter						Quarter						Quarter						Quarter						% Change
			Non-performing Loans (NPLs)						$	312,964					256,106						350,450						288,177						280,532						12		%
			Other Real Estate and Other Assets						386						823						21,210						—						—						nm
			Non-performing Assets (NPAs)						313,350						256,929						371,660						288,177						280,532						12
			Allowance for Loan Losses (ALL)						484,985						485,101						492,661						479,385						477,532						2
			Reserve for Unfunded Commitments						49,556						53,058						53,579						57,231						55,185						(10)
			Allowance for Credit Losses (ACL)						534,541						538,159						546,240						536,616						532,717						—
			Net Charge-Offs - Quarter						27,052						34,485						44,356						41,574						66,822
			Net Charge-Offs - YTD						105,893						78,841						44,356						153,342						111,768
			Net Charge-Offs / Average Loans - Quarter (1)						0.25		%				0.32						0.41						0.38						0.61
			Net Charge-Offs / Average Loans - YTD (1)						0.33						0.36						0.41						0.35						0.34
			NPLs / Loans						0.73						0.59						0.81						0.66						0.64
			NPAs / Loans, ORE and specific other assets						0.73						0.60						0.86						0.66						0.64
			ACL/Loans						1.24						1.25						1.26						1.24						1.22
			ALL/Loans						1.12						1.13						1.14						1.10						1.09
			ACL/NPLs						170.80						210.13						155.87						186.21						189.90
			ALL/NPLs						154.96						189.41						140.58						166.35						170.22
			Past Due Loans over 90 days and Still Accruing						$	4,359					4,460						3,748						5,053						3,792						15
			As a Percentage of Loans Outstanding						0.01		%				0.01						0.01						0.01						0.01
			Total Past Due Loans and Still Accruing						$	97,229					129,759						54,814						59,099						54,974						77
			As a Percentage of Loans Outstanding						0.23		%				0.30						0.13						0.14						0.13
			(1) Ratio is annualized.
			SELECTED CAPITAL INFORMATION (1)
			(Unaudited)
			(Dollars in thousands)
									September 30, 2024						December 31, 2023						September 30, 2023
			Common Equity Tier 1 Capital Ratio						10.65		%				10.22						10.13
			Tier 1 Capital Ratio						11.77						11.28						11.18
			Total Risk-Based Capital Ratio						13.62						13.07						13.12
			Tier 1 Leverage Ratio						9.55						9.49						9.38
			Total Synovus Financial Corp. shareholders' equity as a Percentage of Total Assets						8.99						8.56						7.65
			Tangible Common Equity Ratio (2) (4)						7.28						6.84						5.90
			Book Value Per Common Share (3)						$	33.94					31.24						27.36
			Tangible Book Value Per Common Share (2)						30.29						27.65						23.74
			(1) Current quarter regulatory capital information is preliminary.
			(2) Excludes the carrying value of goodwill and other intangible assets from common equity and total assets.
			(3) Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders’ equity less Preferred stock divided by total common shares outstanding.
			(4) See "Non-GAAP Financial Measures" for applicable reconciliation.