Synovus Bank


Synovus Bank is an FDIC insured institution headquartered at 1111 Bay Ave, Columbus, GA 31901.
It was founded in 1888 and has approximately $59 billion in assets. Customers can open an account at one of its 267 branches.

Deposit Rates - October 8, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 873
Date Established 1888
Assets $ 59.48 billion
Loans $ 42.75 billion
Deposits $ 50.74 billion
Capital $ 4.96 billion

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 2.21 billion
Interest-bearing balances $ 1,691.35 million
Total securities $ 9.73 billion
Federal funds sold and reverse repurchase $ 25.91 million
Net loans and leases $ 42.75 billion
Loan loss allowance $ 485.10 million
Trading account assets $ 96.27 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.82 million
Goodwill and other intangibles $ 522.36 million
All other assets $ 2.56 billion
     Total Assets $ 54.53 billion

LIABILITIES
Total deposits $ 50.74 billion
      Interest-bearing deposits $ 38.94 billion
      Deposits held in domestic offices $ 50.74 billion
      % insured (estimated) 52.65%
Federal funds purchased and repurchase agreements $ 94.48 million
Trading liabilities $ 265.97 million
Other borrowed funds $ 1,350.70 million
Subordinated debt $ 192.60 million
All other liabilities $ 1,097.27 millionn
      Total Liabilities $ 54.53 billion
      Shareholders’ Equity $ 4.96 billion

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 1,582.32 million
Total Interest Expense $ 715.91 million
Net interest income $ 866.41 million
Provision for loan and lease losses $ 80.38 million
Total non interest income $ 194.49 million
Total non interest expense $ 583.07 million
Pre-tax Net Operating Income $ 459.79 million

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Branches

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Synovus Bank Locations