SYNOVUS FINANCIAL CORP - FORM 10-Q - EX-12.1 - RATION OF EARNINGS - August 9, 2011

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10-Q - 10-Q - SYNOVUS FINANCIAL CORPd10q.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER - SYNOVUS FINANCIAL CORPdex312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - SYNOVUS FINANCIAL CORPdex311.htm
EX-32 - CERTIFICATION OF PERIODIC REPORT - SYNOVUS FINANCIAL CORPdex32.htm

EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

 

 

     Six
Months
Ended
June  30,
2011		     Years Ended December 31,  
(dollars in thousands)      2010     2009     2008     2007      2006  

Ratio 1 – Including Interest on Deposits

              

Earnings:

              

(Loss) income from continuing operations before income taxes

    $ (123,627 )      (849,170 )      (1,605,908 )      (660,806 )      520,035         638,335   

Fixed charges

      123,384        342,674        506,873        787,227        1,095,972         895,696   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Total

    $ (243 )      (506,496 )      (1,099,035 )      126,421        1,616,007         1,534,031   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Fixed Charges:

              

Interest on deposits

    $ 95,432        288,327        456,247        667,453        912,472         746,669   

Interest on short-term borrowings

      594        1,921        3,841        38,577        92,970         72,958   

Interest on long-term debt

      22,062        44,000        38,791        73,657        84,014         71,050   

Portion of rents representative of the interest factor (1/3) of expense

      5,296        8,426        7,994        7,540        6,516         5,019   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Total fixed charges

    $ 123,384        342,674        506,873        787,227        1,095,972         895,696   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Ratio of earnings to fixed charges

      (0.00x )      (1.48x )      (2.17x )      0.16x        1.47x         1.71x   

Ratio 1 – Excluding Interest on Deposits

              

Earnings:

              

(Loss) income from continuing operations before income taxes

    $ (123,627 )      (849,170 )      (1,605,908 )      (660,806 )      520,035         638,335   

Fixed charges

      27,952        54,347        50,626        119,774        183,500         149,027   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Total

    $ (95,675 )      (794,823 )      (1,555,282 )      (541,032 )      703,535         787,362   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Fixed Charges:

              

Interest on short-term borrowings

    $ 594        1,921        3,841        38,577        92,970         72,958   

Interest on long-term debt

      22,062        44,000        38,791        73,657        84,014         71,050   

Portion of rents representative of the interest factor (1/3) of expense

      5,296        8,426        7,994        7,540        6,516         5,019   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Total fixed charges

    $ 27,952        54,347        50,626        119,774        183,500         149,027   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Ratio of earnings to fixed charges

      (3.42x )      (14.62x )      (30.72x )      (4.52x )      3.83x         5.28x   

 

 

SYNOVUS FINANCIAL CORP Reports

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