Synovus Historical Income Statement

SNV Stock

USD 50.35 0.67 1.35%

Historical analysis of Synovus Financial income statement accounts such as Total Operating Expenses of 1.1 B, Net Income of 570.9 M, Income Tax Expense of 83.7 M or Interest Expense of 1.3 B can show how well Synovus Financial Corp performed in making a profits. Evaluating Synovus Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Synovus Financial's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Synovus Financial Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Synovus Financial Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synovus Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Synovus Income Statement Analysis

Synovus Financial Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Synovus Financial shareholders. The income statement also shows Synovus investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Synovus Financial Income Statement Chart

At this time, Synovus Financial's Selling And Marketing Expenses is fairly stable compared to the past year. Reconciled Depreciation is likely to climb to about 84.1 M in 2024, whereas Income Tax Expense is likely to drop slightly above 83.7 M in 2024.

Other Operating Expenses Ebitda Total Operating Expenses Total Revenue Gross Profit Minority Interest

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Synovus Financial Corp. It is also known as Synovus Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Total Revenue

Total revenue comprises all receipts Synovus Financial Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Synovus Financial Corp minus its cost of goods sold. It is profit before Synovus Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Synovus Financial Corp whose combined shares represent less than 50% of the total outstanding shares issued by Synovus Financial have a minority interest in Synovus Financial.

Most accounts from Synovus Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Synovus Financial Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synovus Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
EBITDA	1.1B	1.0B	2.7B	2.8B
EBIT	944.9M	982.8M	2.6B	2.8B

Ebitda Ebit

Synovus Financial income statement Correlations

	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Interest Expense	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Depreciation And Amortization	Selling General Administrative	Cost Of Revenue	Minority Interest	Net Income From Continuing Ops	Selling And Marketing Expenses	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Other Operating Expenses		-0.36	0.02	0.03	-0.75	0.11	0.1	0.11	0.51	0.55	0.16	0.09	0.23	0.39	0.27	-0.28	0.45	0.0	0.03	0.01	0.36	0.29	0.24	0.5
Operating Income	-0.36		0.33	0.34	0.35	0.64	0.18	0.07	0.53	0.49	0.66	-0.38	0.17	0.28	-0.63	-0.55	0.4	0.39	-0.42	0.53	0.41	0.37	0.13	0.27
Ebit	0.02	0.33		1.0	0.62	0.43	0.28	0.94	0.5	0.5	0.6	0.11	0.37	-0.51	0.01	-0.15	0.28	0.83	-0.43	0.5	0.69	0.76	0.24	0.61
Ebitda	0.03	0.34	1.0		0.61	0.45	0.27	0.93	0.51	0.51	0.61	0.11	0.41	-0.5	0.02	-0.17	0.3	0.85	-0.42	0.51	0.7	0.76	0.28	0.62
Total Operating Expenses	-0.75	0.35	0.62	0.61		0.09	0.03	0.56	-0.16	-0.19	0.13	0.05	0.06	-0.73	-0.09	0.18	-0.22	0.5	-0.22	0.21	0.09	0.21	-0.06	-0.08
Net Income	0.11	0.64	0.43	0.45	0.09		-0.23	0.3	0.66	0.67	0.66	-0.3	0.44	0.26	0.0	-0.34	0.6	0.58	-0.22	0.56	0.65	0.56	0.31	0.62
Income Tax Expense	0.1	0.18	0.28	0.27	0.03	-0.23		0.12	0.34	0.28	0.57	0.24	-0.03	0.1	-0.44	-0.08	-0.14	0.25	-0.43	0.37	0.39	0.34	0.13	0.36
Interest Expense	0.11	0.07	0.94	0.93	0.56	0.3	0.12		0.38	0.39	0.39	0.08	0.28	-0.64	0.21	0.0	0.2	0.71	-0.28	0.34	0.62	0.73	0.07	0.53
Total Revenue	0.51	0.53	0.5	0.51	-0.16	0.66	0.34	0.38		0.99	0.8	-0.04	0.39	0.44	-0.13	-0.6	0.74	0.57	-0.34	0.57	0.88	0.8	0.33	0.79
Gross Profit	0.55	0.49	0.5	0.51	-0.19	0.67	0.28	0.39	0.99		0.76	-0.1	0.34	0.44	-0.11	-0.65	0.79	0.54	-0.33	0.56	0.84	0.77	0.25	0.77
Income Before Tax	0.16	0.66	0.6	0.61	0.13	0.66	0.57	0.39	0.8	0.76		-0.06	0.35	0.26	-0.32	-0.32	0.37	0.71	-0.52	0.76	0.85	0.74	0.37	0.81
Total Other Income Expense Net	0.09	-0.38	0.11	0.11	0.05	-0.3	0.24	0.08	-0.04	-0.1	-0.06		0.19	-0.17	0.46	0.27	-0.11	0.29	0.05	-0.19	0.06	0.03	0.46	0.13
Depreciation And Amortization	0.23	0.17	0.37	0.41	0.06	0.44	-0.03	0.28	0.39	0.34	0.35	0.19		0.0	0.27	-0.17	0.4	0.64	-0.03	0.35	0.38	0.34	0.79	0.31
Selling General Administrative	0.39	0.28	-0.51	-0.5	-0.73	0.26	0.1	-0.64	0.44	0.44	0.26	-0.17	0.0		-0.25	-0.5	0.43	-0.24	0.0	0.12	0.1	-0.09	0.12	0.15
Cost Of Revenue	0.27	-0.63	0.01	0.02	-0.09	0.0	-0.44	0.21	-0.13	-0.11	-0.32	0.46	0.27	-0.25		0.48	0.03	0.22	0.43	-0.05	0.04	0.04	0.2	-0.02
Minority Interest	-0.28	-0.55	-0.15	-0.17	0.18	-0.34	-0.08	0.0	-0.6	-0.65	-0.32	0.27	-0.17	-0.5	0.48		-0.8	-0.07	0.29	-0.15	-0.19	-0.15	-0.06	-0.2
Net Income From Continuing Ops	0.45	0.4	0.28	0.3	-0.22	0.6	-0.14	0.2	0.74	0.79	0.37	-0.11	0.4	0.43	0.03	-0.8		0.37	-0.12	0.35	0.44	0.4	0.19	0.39
Selling And Marketing Expenses	0.0	0.39	0.83	0.85	0.5	0.58	0.25	0.71	0.57	0.54	0.71	0.29	0.64	-0.24	0.22	-0.07	0.37		-0.29	0.68	0.76	0.73	0.53	0.62
Non Recurring	0.03	-0.42	-0.43	-0.42	-0.22	-0.22	-0.43	-0.28	-0.34	-0.33	-0.52	0.05	-0.03	0.0	0.43	0.29	-0.12	-0.29		-0.25	-0.33	-0.31	-0.12	-0.32
Tax Provision	0.01	0.53	0.5	0.51	0.21	0.56	0.37	0.34	0.57	0.56	0.76	-0.19	0.35	0.12	-0.05	-0.15	0.35	0.68	-0.25		0.64	0.56	0.26	0.43
Net Interest Income	0.36	0.41	0.69	0.7	0.09	0.65	0.39	0.62	0.88	0.84	0.85	0.06	0.38	0.1	0.04	-0.19	0.44	0.76	-0.33	0.64		0.96	0.31	0.89
Interest Income	0.29	0.37	0.76	0.76	0.21	0.56	0.34	0.73	0.8	0.77	0.74	0.03	0.34	-0.09	0.04	-0.15	0.4	0.73	-0.31	0.56	0.96		0.2	0.82
Reconciled Depreciation	0.24	0.13	0.24	0.28	-0.06	0.31	0.13	0.07	0.33	0.25	0.37	0.46	0.79	0.12	0.2	-0.06	0.19	0.53	-0.12	0.26	0.31	0.2		0.32
Extraordinary Items	0.5	0.27	0.61	0.62	-0.08	0.62	0.36	0.53	0.79	0.77	0.81	0.13	0.31	0.15	-0.02	-0.2	0.39	0.62	-0.32	0.43	0.89	0.82	0.32

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Synovus Financial Account Relationship Matchups

Synovus Financial income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Operating Expenses	1.2B	1.5B	993.7M	155.9M	357.9M	592.3M
Operating Income	765.0M	484.7M	989.4M	1.2B	998.2M	637.1M
Ebit	765.0M	492.1M	944.9M	982.8M	2.6B	2.8B
Ebitda	776.6M	554.3M	1.1B	1.0B	2.7B	2.8B
Total Operating Expenses	(1.2B)	(1.5B)	(993.7M)	155.9M	1.0B	1.1B
Net Income	563.8M	373.7M	760.5M	757.9M	543.7M	570.9M
Income Tax Expense	201.2M	111.0M	228.9M	206.3M	154.0M	83.7M
Interest Expense	454.8M	291.7M	120.4M	278.9M	1.2B	1.3B
Total Revenue	1.9B	2.0B	2.0B	2.2B	2.0B	1.5B
Gross Profit	1.8B	1.7B	1.7B	1.9B	1.7B	1.5B
Income Before Tax	765.0M	484.7M	989.4M	964.2M	696.2M	731.0M
Total Other Income Expense Net	(1.1B)	(246.0M)	(329.8M)	(174.1M)	(302.0M)	(317.2M)
Depreciation And Amortization	11.6M	62.2M	158.0M	50.6M	93.5M	78.6M
Selling General Administrative	601.7M	643.4M	671.8M	710.8M	39.9M	37.9M
Cost Of Revenue	141.8M	310.0M	301.4M	330.6M	318.0M	403.6M
Net Income Applicable To Common Shares	540.9M	340.5M	727.3M	724.7M	833.4M	875.1M
Net Income From Continuing Ops	563.8M	373.7M	760.5M	757.9M	678.3M	394.5M
Selling And Marketing Expenses	20.9M	21.4M	14.4M	996.2M	1.1B	1.2B
Tax Provision	201.2M	111.0M	228.9M	206.3M	187.4M	187.3M
Net Interest Income	1.6B	1.5B	1.5B	1.8B	1.9B	1.5B
Interest Income	2.1B	1.8B	1.7B	2.1B	2.9B	1.8B
Reconciled Depreciation	8.1M	106.1M	158.0M	69.2M	79.4M	84.1M

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Synovus Historical Income Statement

About Synovus Income Statement Analysis

Synovus Financial Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Total Revenue

Gross Profit

Minority Interest

Synovus Financial income statement Correlations

Synovus Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Synovus Financial income statement Accounts

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Ebitda	+ 1.0	Ebit
Gross Profit	+ 0.99	Total Revenue
Interest Income	+ 0.96	Net Interest Income
Interest Expense	+ 0.94	Ebit
Interest Expense	+ 0.93	Ebitda
Extraordinary Items	+ 0.89	Net Interest Income

Net Income From Continuing Ops	- 0.8	Minority Interest
Total Operating Expenses	- 0.75	Other Operating Expenses
Selling General Administrative	- 0.73	Total Operating Expenses
Minority Interest	- 0.65	Gross Profit
Selling General Administrative	- 0.64	Interest Expense
Cost Of Revenue	- 0.63	Operating Income