Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - SYNOVUS FINANCIAL CORP | snv-09302015xex32.htm |
| EX-31.1 - EXHIBIT 31.1 - SYNOVUS FINANCIAL CORP | snv-09302015xex311.htm |
| EX-31.2 - EXHIBIT 31.2 - SYNOVUS FINANCIAL CORP | snv-09302015xex312.htm |
| 10-Q - 10-Q - SYNOVUS FINANCIAL CORP | snv-09302015x10q.htm |
EXHIBIT 12.1
SYNOVUS FINANCIAL CORP.
RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30, 2015 | Years Ended December 31, | ||||||||||||||||||
(dollars in thousands) | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||
Ratio 1 – Including interest on deposits | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 267,832 | 302,559 | 252,628 | 31,477 | (59,532 | ) | (849,170 | ) | ||||||||||
Fixed charges excluding preferred stock dividends and accretion | 93,964 | 117,001 | 126,379 | 158,225 | 225,938 | 342,675 | |||||||||||||
Total | $ | 361,796 | 419,560 | 379,007 | 189,702 | 166,406 | (506,495 | ) | |||||||||||
Fixed charges: | |||||||||||||||||||
Interest on deposits | 48,858 | 55,179 | 64,392 | 95,749 | 173,885 | 288,327 | |||||||||||||
Interest on short-term borrowings | 134 | 220 | 324 | 614 | 1,063 | 1,921 | |||||||||||||
Interest on long-term debt | 39,457 | 54,009 | 54,106 | 53,659 | 42,654 | 44,000 | |||||||||||||
Portion of rents representative of the interest factor (1/3) of expense | 5,514 | 7,593 | 7,557 | 8,203 | 8,336 | 8,426 | |||||||||||||
Preferred stock dividends and accretion | 7,678 | 10,238 | 40,830 | 58,703 | 58,088 | 57,510 | |||||||||||||
Total fixed charges including preferred stock dividends and accretion | $ | 101,641 | 127,239 | 167,209 | 216,928 | 284,026 | 400,184 | ||||||||||||
Ratio of earnings to fixed charges | 3.56 | x | 3.30 | x | 2.27x | 0.87x | 0.59x | nm | |||||||||||
Ratio 2 – Excluding interest on deposits | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 267,832 | 302,559 | 252,628 | 31,477 | (59,532 | ) | (849,170 | ) | ||||||||||
Fixed charges excluding preferred stock dividends and accretion | 45,105 | 61,822 | 61,987 | 62,475 | 52,053 | 54,347 | |||||||||||||
Total | $ | 312,937 | 364,381 | 314,615 | 93,952 | (7,479 | ) | (794,823 | ) | ||||||||||
Fixed charges: | |||||||||||||||||||
Interest on short-term borrowings | 134 | 220 | 324 | 614 | 1,063 | 1,921 | |||||||||||||
Interest on long-term debt | 39,457 | 54,009 | 54,106 | 53,659 | 42,654 | 44,000 | |||||||||||||
Portion of rents representative of the interest factor (1/3) of expense | 5,514 | 7,593 | 7,557 | 8,203 | 8,337 | 8,426 | |||||||||||||
Preferred stock dividends and accretion | 7,678 | 10,238 | 40,830 | 58,703 | 58,088 | 57,510 | |||||||||||||
Total fixed charges including preferred stock dividends and accretion | $ | 52,783 | 72,060 | 102,817 | 121,179 | 110,142 | 111,857 | ||||||||||||
Ratio of earnings to fixed charges | 5.93 | x | 5.06 | x | 3.06x | 0.78x | nm | nm | |||||||||||