SYNOVUS FINANCIAL CORP - FORM 10-Q - EX-12.1 - EXHIBIT 12.1

Attached files

file	filename
EX-32 - EXHIBIT 32 - SYNOVUS FINANCIAL CORP	snv-03312018xex32.htm
EX-31.2 - EXHIBIT 31.2 - SYNOVUS FINANCIAL CORP	snv-03312018xex312.htm
EX-31.1 - EXHIBIT 31.1 - SYNOVUS FINANCIAL CORP	snv-03312018xex311.htm
EX-10.1 - EXHIBIT 10.1 - SYNOVUS FINANCIAL CORP	snv-03312018xex101.htm
10-Q - 10-Q - SYNOVUS FINANCIAL CORP	snv-03312018x10q.htm

EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES



	Three Months Ended March 31, 2018			Years Ended December 31,
(dollars in thousands)	Three Months Ended March 31, 2018			2017		2016		2015		2014		2013
Ratio 1 – Including interest on deposits
Earnings:
Income before income taxes	$	133,375		480,138		388,450		358,573		302,559		252,628
Fixed charges excluding preferred stock dividends and accretion	41,035			146,511		130,745		126,355		117,001		126,379
Total	$	174,410		626,649		519,195		484,928		419,560		379,007
Fixed charges:
Interest on deposits	26,375			81,325		64,206		65,534		55,179		64,392
Interest on short-term borrowings	107			198		200		168		220		324
Interest on long-term debt	12,368			57,665		59,217		52,942		54,009		54,106
Portion of rents representative of the interest factor (1/3) of expense	2,185			7,323		7,121		7,711		7,593		7,557
Preferred stock dividends and accretion	2,559			10,238		10,238		10,238		10,238		40,830
Total fixed charges including preferred stock dividends and accretion	$	43,594		156,749		140,982		136,593		127,239		167,209
Ratio of earnings to fixed charges	4.00		x	4.00	x	3.68	x	3.55	x	3.30	x	2.27x
Ratio 2 – Excluding interest on deposits
Earnings:
Income before income taxes	$	133,375		480,138		388,450		358,573		302,559		252,628
Fixed charges excluding preferred stock dividends and accretion	14,660			65,186		66,539		60,821		61,822		61,987
Total	$	148,035		545,324		454,989		419,394		364,381		314,615
Fixed charges:
Interest on short-term borrowings	107			198		200		168		220		324
Interest on long-term debt	12,368			57,665		59,217		52,942		54,009		54,106
Portion of rents representative of the interest factor (1/3) of expense	2,185			7,323		7,121		7,711		7,593		7,557
Preferred stock dividends and accretion	2,559			10,238		10,238		10,238		10,238		40,830
Total fixed charges including preferred stock dividends and accretion	$	17,219		75,424		76,776		71,059		72,060		102,817
Ratio of earnings to fixed charges	8.60		x	7.23	x	5.93	x	5.90	x	5.06	x	3.06x

SYNOVUS FINANCIAL CORP - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - May 7, 2018

Attached files

SYNOVUS FINANCIAL CORP Reports