SYNOVUS FINANCIAL CORP - FORM 10-Q - EX-12.1 - November 9, 2009

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10-Q - FORM 10-Q - SYNOVUS FINANCIAL CORPg21159e10vq.htm
EX-32 - EX-32 - SYNOVUS FINANCIAL CORPg21159exv32.htm
EX-31.2 - EX-31.2 - SYNOVUS FINANCIAL CORPg21159exv31w2.htm
EX-31.1 - EX-31.1 - SYNOVUS FINANCIAL CORPg21159exv31w1.htm
EXHIBIT 12.1
SYNOVUS FINANCIAL CORP.
RATIO OF EARNINGS TO FIXED CHARGES
                                                 
    Nine        
    Months        
    Ended        
    September 30,     Year Ended December 31,  
(in thousands)   2009     2008     2007     2006     2005     2004  
Ratio 1 — Including Interest on Deposits Earnings:
                                                
Income (loss) from continuing operations before income taxes
   $ (1,355,749 )     (652,421 )     527,674       645,538       563,340       489,979  
Fixed charges
     399,073       787,227       1,095,972       895,696       535,408       303,451  
 
                                    
Total
   $ (956,676 )     134,806       1,623,646       1,541,234       1,098,748       793,430  
 
                                    
 
                                                
Fixed Charges:
                                                
Interest on deposits
   $ 359,577       667,453       912,472       746,669       408,405       216,682  
Interest on short-term borrowings
     3,013       38,577       92,970       72,958       34,342       20,236  
Interest on long-term debt
     30,436       73,657       84,014       71,050       88,299       62,571  
Portion of rents representative of the interest factor (1/3) of expense
     6,047       7,540       6,516       5,019       4,362       3,962  
 
                                    
Total fixed charges
   $ 399,073       787,227       1,095,972       895,696       535,408       303,451  
 
                                    
 
                                                
Ratio of earnings to fixed charges
     (2.40x )     0.17x       1.48x       1.72x       2.05x       2.61x  
 
                                                
Ratio 1 — Excluding Interest on Deposits Earnings:
                                                
Income (loss) from continuing operations before income taxes
   $ (1,355,749 )     (652,421 )     527,674       645,538       563,340       489,979  
Fixed charges
     39,496       119,774       183,500       149,027       127,003       86,769  
 
                                    
Total
   $ (1,316,253 )     (532,647 )     711,174       794,565       690,343       576,748  
 
                                    
 
                                                
Fixed Charges:
                                                
Interest on short-term borrowings
   $ 3,013       38,577       92,970       72,958       34,342       20,236  
Interest on long-term debt
     30,436       73,657       84,014       71,050       88,299       62,571  
Portion of rents representative of the interest factor (1/3) of expense
     6,047       7,540       6,516       5,019       4,362       3,962  
 
                                    
Total fixed charges
   $ 39,496       119,774       183,500       149,027       127,003       86,769  
 
                                    
 
                                                
Ratio of earnings to fixed charges
     (33.33x )     (4.45x )     3.88x       5.33x       5.44x       6.65x  

 

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