Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - SYNOVUS FINANCIAL CORP | snv-09302017xex311.htm |
| EX-32 - EXHIBIT 32 - SYNOVUS FINANCIAL CORP | snv-09302017xex32.htm |
| EX-31.2 - EXHIBIT 31.2 - SYNOVUS FINANCIAL CORP | snv-09302017xex312.htm |
| 10-Q - 10-Q - SYNOVUS FINANCIAL CORP | snv-09302017x10q.htm |
EXHIBIT 12.1
SYNOVUS FINANCIAL CORP.
RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30, 2017 | Years Ended December 31, | ||||||||||||||||||
(dollars in thousands) | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
Ratio 1 – Including interest on deposits | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 376,171 | 388,451 | 358,573 | 302,559 | 252,628 | 31,477 | ||||||||||||
Fixed charges excluding preferred stock dividends and accretion | 107,632 | 130,745 | 126,355 | 117,001 | 126,379 | 158,225 | |||||||||||||
Total | $ | 483,803 | 519,196 | 484,928 | 419,560 | 379,007 | 189,702 | ||||||||||||
Fixed charges: | |||||||||||||||||||
Interest on deposits | 55,874 | 64,206 | 65,534 | 55,179 | 64,392 | 95,749 | |||||||||||||
Interest on short-term borrowings | 125 | 200 | 168 | 220 | 324 | 614 | |||||||||||||
Interest on long-term debt | 45,967 | 59,217 | 52,942 | 54,009 | 54,106 | 53,659 | |||||||||||||
Portion of rents representative of the interest factor (1/3) of expense | 5,666 | 7,121 | 7,711 | 7,593 | 7,557 | 8,203 | |||||||||||||
Preferred stock dividends and accretion | 7,678 | 10,238 | 10,238 | 10,238 | 40,830 | 58,703 | |||||||||||||
Total fixed charges including preferred stock dividends and accretion | $ | 115,310 | 140,982 | 136,593 | 127,239 | 167,209 | 216,928 | ||||||||||||
Ratio of earnings to fixed charges | 4.20 | x | 3.68 | x | 3.55 | x | 3.30 | x | 2.27x | 0.87x | |||||||||
Ratio 2 – Excluding interest on deposits | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 376,171 | 388,451 | 358,573 | 302,559 | 252,628 | 31,477 | ||||||||||||
Fixed charges excluding preferred stock dividends and accretion | 51,759 | 66,539 | 60,821 | 61,822 | 61,987 | 62,475 | |||||||||||||
Total | $ | 427,930 | 454,990 | 419,394 | 364,381 | 314,615 | 93,952 | ||||||||||||
Fixed charges: | |||||||||||||||||||
Interest on short-term borrowings | 125 | 200 | 168 | 220 | 324 | 614 | |||||||||||||
Interest on long-term debt | 45,967 | 59,217 | 52,942 | 54,009 | 54,106 | 53,659 | |||||||||||||
Portion of rents representative of the interest factor (1/3) of expense | 5,666 | 7,121 | 7,711 | 7,593 | 7,557 | 8,203 | |||||||||||||
Preferred stock dividends and accretion | 7,678 | 10,238 | 10,238 | 10,238 | 40,830 | 58,703 | |||||||||||||
Total fixed charges including preferred stock dividends and accretion | $ | 59,436 | 76,776 | 71,059 | 72,060 | 102,817 | 121,179 | ||||||||||||
Ratio of earnings to fixed charges | 7.20 | x | 5.93 | x | 5.90 | x | 5.06 | x | 3.06x | 0.78x | |||||||||