SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

April 26, 2005

Date of Report

(Date of Earliest Event Reported)

Synovus Financial Corp.

(Exact Name of Registrant as Specified in its Charter)

Georgia
(State of Incorporation)

1-10312
(Commission File Number)

58-1134883
(IRS Employer Identification No.)

1111 Bay Avenue, Suite 500, Columbus, Georgia 31901

(Address of principal executive offices) (Zip Code)

(706) 649-2267

(Registrant's telephone number, including area code)

________________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02	Results of Operations and Financial Condition.
	On April 26, 2005, Synovus Financial Corp. (“Registrant”) issued a press release and will hold an investor call and webcast to disclose financial results for the quarter ended March 31, 2005. The press release and Supplemental Information for use at this investor call are attached hereto as Exhibits 99.1 and 99.2 and incorporated herein by reference. This information shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference into any document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934 except as shall be expressly set forth by specific reference in such filing.
Item 7.01	Regulation FD Disclosure. See Item 2.02 above.
Item 9.01	Financial Statements and Exhibits.
	(c)	Exhibits

	Exhibit No.	Description
	99.1	Registrant's press release dated April 26, 2005
	99.2	Supplemental Information prepared for use with the press release

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SYNOVUS FINANCIAL CORP. ("Registrant")

Dated: April 26, 2005	By:/s/ Kathleen Moates Senior Deputy General Counsel Kathleen Moates

Exhibit 99.1

For Immediate Release

Contact:	Patrick A. Reynolds
	Director of Investor Relations
	(706) 649-4973

Synovus Reports 12.1% Increase in Net Income for First Quarter 2005

TSYS’ Growth Exceeds Expectations with Largest Quarterly Increase in Five Years

Financial Services Segment’s Fundamental Growth Continues at an Excellent Pace

Columbus, Ga., April 26, 2005 — Synovus’ first quarter earnings grew 12.1% over the first quarter 2004 to $116.7 million, which represented earnings per share growth of 9.6% to $.37 per share, Synovus’ Chief Executive Officer James H. Blanchard announced today.

“We started 2005 with both the Synovus Financial Services segment and TSYS providing the key drivers for an impressive first quarter,” said Blanchard. “Excellent credit quality, strong loan growth and a stable margin drove the earnings momentum in the quarter for the Financial Services segment. TSYS’ performance exceeded expectations with a great start toward another record year.”

Return on assets for the quarter was 1.86% and return on equity was 17.52% for the first quarter 2005, compared to 1.91% and 18.00%, respectively, in the same period last year. Shareholders’ equity at March 31, 2005, was $2.70 billion, which represented a very strong 10.44% of quarter-end assets. Total assets ended the quarter at $25.9 billion, an increase of 16.0% from the same period last year.

Asset quality continued the excellent trend that began last year. The net charge-off ratio was 0.23% compared to 0.27% last quarter and 0.16% for the first quarter of last year. The ratio of nonperforming assets to loans and other real estate was 0.52%, the same as last quarter, and down from 0.56% in the first quarter last year. The allowance for loan losses was 1.36% of loans, which provides coverage of 354% of nonperforming loans and the provision for loan losses covered net charge-offs by 1.71x for the quarter.

Net interest income grew 11.9% over last year as total loans grew 17.9% (15.8% excluding acquisitions). The net interest margin before fees was 3.98%, the same as last quarter, and up from 3.91% in the first quarter of last year. The net interest margin after fees for the first quarter was 4.11% down from 4.24% in the same period last year. This decrease was primarily due to the change in methodology for loan origination fees and costs that was implemented in the fourth quarter of last year.

Net income for the Synovus Financial Services segment increased 2.1% over last year. In the first quarter last year, Synovus recorded an after-tax gain of $9.7 million from the sale of banking operations in Quincy, Florida. Excluding this gain, Financial Services segment’s fundamental net income growth was 16.6% compared to the same period last year. Return on assets for the quarter was 1.33% and return on equity was 16.19%, compared to 1.49% and 18.18%, respectively, in the same period last year. These comparisons are also affected by the previously mentioned gain from last year. Financial Services’ non-interest income was down 17.6% as compared to last year. Excluding last year’s $15.8 million pre-tax

Post Office Box 120 / Columbus, GA 31902

www.synovus.com

Synovus Reports 12.1% Increase in Net Income for First Quarter/p. 2

gain from the aforementioned bank sale, Financial Services non-interest income would have been essentially flat with increases in credit card fees of 27%, brokerage revenue of 9%, and fiduciary and asset management fees – which include trust, financial planning and asset management fees – of 3%. Mortgage banking revenue was down 14% and service charges on deposit accounts were down 5% compared to the first quarter last year. Financial Services’ non-interest expense was up 1.2% compared to last year and the efficiency ratio was 52.2% versus 52.9% last year.

TSYS reported net income of $46.1 million for the first quarter 2005 compared to $32.6 million last year, a 41.7% increase. Diluted earnings per share for the quarter increased to $0.23, up from $0.17 last year, another 41.7% increase. As a result of TSYS’ performance in the first quarter, TSYS raised its earnings guidance to 22 – 25% from the previously stated guidance of 19 – 22%. During the quarter, TSYS closed on the purchase of the remaining 50% stake in Vital Processing Services, L.L.C. from Visa U.S.A. and signed a seven-year contract with ABN Amro Bank, the 20^th largest bank in the world. TSYS and Bank of America agreed to add five years to their current agreement to provide exclusive processing services through 2014.

Blanchard concluded, “As a result of the first quarter performance, we are increasing our expectations of earnings per share growth from 12 – 15 % to 13 – 16% for 2005. Stable credit quality and margin, continued strong loan growth, and continuing expense control encourage us to believe the Financial Services segment will continue to perform at the very top of the peer group. Our optimism for TSYS to achieve its 22 – 25% targeted net income growth was heartily reinforced by TSYS’ stellar performance this quarter. For the remainder of 2005, we expect that the economy will continue to expand, short-term interest rates will increase modestly, the credit environment will remain favorable and TSYS will perform within its range of guidance. Synovus will continue to focus on growing deposits, managing the loan growth, quality and mix, maintaining a strong margin, expanding fee income and continuing to refine our processes to improve efficiencies. With our very dedicated and highly motivated team members and our strong balance sheet, we believe we are in position to achieve higher earnings performance throughout the year and beyond.”

Synovus will host an earnings highlights conference call at 4:30 pm EDT, on April 26, 2005. Shareholders and other interested persons may listen to this conference call via simultaneous Internet broadcast at www.synovus.com by clicking on the “Live Webcast” icon. You may download RealPlayer or Windows Media Player (free download available) prior to accessing the actual call or the replay. The replay will be archived for 12 months and will be available 30-45 minutes after the call.

Synovus (NYSE: “SNV”) is a diversified financial services holding company with over $25 billion in assets based in Columbus, Georgia. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 41 banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: “TSS”), the world’s largest third-party processor of international payments. Synovus has been named one of “The 100 Best Companies To Work For” in America by FORTUNE magazine, and has been recognized in its Hall of Fame for consecutive appearances on the list since its inception in 1998. In 2005, Synovus was also named as one of “America’s Most Admired Companies”. See Synovus on the Web at www.synovus.com.

This press release contains statements that constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding TSYS’ expected growth in net income for 2005, Synovus’ expected growth in earnings per share for 2005, Synovus’ belief that the Financial Services segment will perform at the top of its peer group and that Synovus is in a position to achieve higher earnings performance, and the assumptions underlying such statements, including, with respect to Synovus’ expected increase in earnings per share for 2005, the economy will continue to expand; short-term interest rates will increase modestly; the credit environment will remain favorable; and TSYS’ net income

Post Office Box 120 / Columbus, GA 31902

www.synovus.com

Synovus Reports 12.1% Increase in Net Income for First Quarter/p. 3

growth will be in the 22 – 25% range. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. A number of important factors could cause actual results to differ materially from those contemplated by the forward- looking statements in this press release. Many of these factors are beyond Synovus’ ability to control or predict. These factors include, but are not limited to, competitive pressures arising from aggressive competition from other financial service providers; factors that affect the delinquency rate on Synovus’ loans and the rate at which Synovus’ loans are charged off; changes in the cost and availability of funding due to changes in the deposit market and credit market, or the way in which Synovus is perceived in such markets; inflation, interest rate, market and monetary fluctuations; TSYS’ net income growth is lower that anticipated; the strength of the United States economy in general and the strength of the local economies in which Synovus conducts operations may be different than expected; the timely development of competitive new products and services and the acceptance of such by customers; Synovus’ inability to control expenses; a deterioration in credit quality or a reduced demand for credit; the costs and effects of litigation, investigations, or similar matters, or adverse facts and developments related thereto; the impact of changes in accounting principles; the effects of changes in government policy and regulations, including restrictions and/or limitations arising from banking laws, regulations and examinations; and the impact on Synovus’ business, as well as on the risks set forth above, of various domestic or international military or terrorist activities or conflicts. Additional factors that could cause actual results to differ materially from those contemplated in this press release can be found in Synovus’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise.

###

Post Office Box 120 / Columbus, GA 31902

www.synovus.com

SYNOVUS												4 of 9

INCOME STATEMENT
(In thousands, except per share data)		2005		2004								1st Quarter
		First		Fourth		Third		Second		First		'05 vs. '04
		Quarter		Quarter		Quarter		Quarter		Quarter		Change
Interest Income (Taxable Equivalent)	$	332,927		314,019		301,457		279,013		271,491		22.6	%
Interest Expense		104,444		88,281		76,313		66,804		66,944		56.0
Net Interest Income (Taxable Equivalent)		228,483		225,738		225,144		212,209		204,547		11.7
Tax Equivalent Adjustment		1,621		1,703		1,710		1,747		1,800		(9.9)
Net Interest Income		226,862		224,035		223,434		210,462		202,747		11.9
Provision for Loan Losses		19,283		20,855		21,192		17,548		15,724		22.6
Net Interest Income After Provision		207,579		203,180		202,242		192,914		187,023		11.0
Non-Interest Income:
Electronic Payment Processing Services		205,163		197,129		197,822		183,731		176,586		16.2
Merchant Services		27,105		6,411		6,518		6,876		6,364		325.9
Other Transaction Processing Services Revenue		48,514		45,224		43,006		41,827		40,848		18.8
Service Charges on Deposits		27,039		30,226		31,257		31,188		28,432		(4.9)
Fiduciary and Asset Management Fees		11,037		11,326		10,622		10,485		10,568		4.4
Brokerage and Investment Banking Revenue		6,263		5,361		5,012		5,616		5,759		8.8
Mortgage Banking Income		5,898		6,773		6,861		5,772		6,894		(14.4)
Credit Card Fees		7,646		8,379		8,097		7,509		6,040		26.6
Securities Gains (Losses)		271		164		(24)		-		(65)		nm
Other Fee Income		7,486		7,654		7,451		7,202		6,920		8.2
Other Non-Interest Income		9,519		12,653		11,361		15,341		28,299		(66.4)
Non-Interest Income before Reimbursable Items		355,941		331,300		327,983		315,547		316,645		12.4
Reimbursable Items		69,169		57,039		56,309		55,745		60,445		14.4
Total Non-Interest Income		425,110		388,339		384,292		371,292		377,090		12.7

Non-Interest Expense:
Personnel Expense		189,829		175,369		194,624		174,955		186,631		1.7
Occupancy & Equipment Expense		86,634		77,039		80,073		86,187		78,390		10.5
Other Non-Interest Expense		92,607		88,639		74,699		74,365		67,857		36.5

Non-Interest Expense before Reimbursable Items		369,070		341,047		349,396		335,507		332,878		10.9
Reimbursable Items		69,170		57,039		56,309		55,745		60,445		14.4

Total Non-Interest Expense		438,240		398,086		405,705		391,252		393,323		11.4

Minority Interest in Consolidated Subsidiaries		8,832		8,143		7,480		6,852		6,249		41.3
Income Before Taxes		185,617		185,290		173,349		166,102		164,541		12.8
Income Tax Expense		68,883		66,568		64,341		60,961		60,379		14.1

Net Income	$	116,734		118,722		109,008		105,141		104,162		12.1

Basic Earnings Per Share		0.38		0.38		0.35		0.34		0.34		9.6
Diluted Earnings Per Share		0.37		0.38		0.35		0.34		0.34		9.6
Dividends Declared Per Share		0.18		0.17		0.17		0.17		0.17		5.3

Return on Assets		1.86	%	1.91	%	1.82	%	1.86	%	1.91	%	(5)	bp
Return on Equity		17.52		17.92		17.00		17.60		18.00		(48)
Average Shares Outstanding - Basic		310,622		309,740		309,448		306,180		303,644		2.3	%
Average Shares Outstanding - Diluted		313,900		313,268		312,343		308,857		306,812		2.3

SYNOVUS												5 of 9
Financial Services Segment

INCOME STATEMENT
(In thousands)		2005		2004								1st Quarter
		First		Fourth		Third		Second		First		'05 vs. '04
		Quarter		Quarter		Quarter		Quarter		Quarter		Change
Interest Income (Taxable Equivalent)	$	332,927		314,008		301,458		279,010		271,486		22.6	%
Interest Expense		105,188		88,933		76,502		66,964		67,090		56.8
Net Interest Income (Taxable Equivalent)		227,739		225,075		224,956		212,046		204,396		11.4
Tax Equivalent Adjustment		1,614		1,691		1,710		1,744		1,796		(10.1)
Net Interest Income		226,125		223,384		223,246		210,302		202,600		11.6
Provision for Loan Losses		19,283		20,855		21,192		17,548		15,724		22.6
Net Interest Income After Provision		206,842		202,529		202,054		192,754		186,876		10.7
Non-Interest Income:
Service Charges on Deposits		27,039		30,226		31,257		31,188		28,432		(4.9)
Fiduciary and Asset Management Fees		11,044		11,538		10,834		10,675		10,710		3.1
Brokerage and Investment Banking Revenue		6,263		5,361		5,012		5,616		5,759		8.8
Mortgage Banking Income		5,898		6,773		6,861		5,772		6,894		(14.4)
Credit Card Fees		7,646		8,379		8,097		7,509		6,040		26.6
Securities Gains (Losses)		271		164		(24)		-		(65)		nm
Other Fee Income		7,487		7,654		7,451		7,202		6,920		8.2
Other Non-Interest Income		8,923		10,826		7,211		11,409		25,760		(65.4)

Total Non-Interest Income		74,571		80,921		76,699		79,371		90,450		(17.6)
Non-Interest Expense:
Personnel Expense		90,747		82,601		93,631		91,283		96,999		(6.4)
Occupancy & Equipment Expense		21,547		21,305		21,156		20,004		19,691		9.4
Other Non-Interest Expense		45,541		50,677		42,764		42,310		39,254		16.0
Total Non-Interest Expense		157,835		154,583		157,551		153,597		155,944		1.2
Income Before Taxes		123,578		128,867		121,202		118,528		121,382		1.8
Income Tax Expense		44,203		44,992		43,935		42,486		43,625		1.3
Net Income	$	79,375		83,875		77,267		76,042		77,757		2.1


Return on Assets		1.33	%	1.41	%	1.35	%	1.41	%	1.49	%	(16)	bp
Return on Equity		16.19		17.09		16.20		17.26		18.18		(199)

SYNOVUS				6 of 9

BALANCE SHEET		March 31, 2005	December 31, 2004	March 30, 2004
(In thousands, except share data)
ASSETS
Cash and due from banks	$	722,306	683,035	622,896
Interest earning deposits with banks		4,274	4,153	4,124
Federal funds sold and securities purchased
under resale agreements		136,227	135,471	154,859
Mortgage loans held for sale		127,664	120,186	152,672
Investment securities available for sale		2,725,561	2,695,593	2,621,576

Loans, net of unearned income		20,056,295	19,480,396	17,012,828
Allowance for loan losses		(273,724)	(265,745)	(236,056)
Loans, net		19,782,571	19,214,651	16,776,772
Premises and equipment, net		651,830	638,407	598,628
Contract acquisition costs and computer software, net		459,023	401,074	376,002
Goodwill, net		459,505	416,283	248,870
Other intangible assets, net		51,486	41,628	32,474
Other assets		731,938	699,697	697,474

Total assets	$	25,852,385	25,050,178	22,286,347


LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Non-interest bearing	$	3,380,497	3,337,908	2,957,681
Interest bearing		15,733,775	15,239,560	13,256,627
Total deposits		19,114,272	18,577,468	16,214,308
Federal funds purchased and securities sold
under repurchase agreements		1,425,819	1,208,080	1,503,133
Long-term debt		1,915,140	1,879,583	1,641,856
Billings in excess of costs on uncompleted contracts		-	-	10,824
Other liabilities		523,264	576,474	409,959
Total liabilities		22,978,495	22,241,605	19,780,080

Minority interest in consolidated subsidiaries		175,019	167,284	147,843

Shareholders' equity:
Common stock, par value $1.00 a share (1)		316,682	315,636	310,094
Surplus		648,715	628,396	494,670
Treasury stock (2)		(113,944)	(113,944)	(113,940)
Unearned compensation		(3,369)	(106)	(226)
Accumulated other comprehensive income		(11,586)	8,903	37,418
Retained earnings		1,862,373	1,802,404	1,630,408
Total shareholders' equity		2,698,871	2,641,289	2,358,424
Total liabilities and shareholders' equity	$	25,852,385	25,050,178	22,286,347

SYNOVUS
AVERAGE BALANCES AND YIELDS/RATES								7 of 9
(Dollars in thousands)
			2005		2004
			First		Fourth	Third	Second	First
			Quarter		Quarter	Quarter	Quarter	Quarter

Taxable Investment Securities		$	2,553,423		2,408,960	2,382,319	2,355,328	2,319,280
	Yield		3.74	%	3.69	3.72	3.71	3.86
Tax-Exempt Investment Securities		$	223,812		229,190	233,271	230,885	229,905
	Yield		6.93	%	6.99	6.92	7.14	7.14
Commercial Loans		$	16,604,087		16,029,042	15,385,995	14,567,795	13,991,230
	Yield		6.15	%	5.85	5.79	5.66	5.67
Consumer Loans		$	846,743		948,273	958,540	967,450	1,003,595
	Yield		7.42	%	7.32	8.03	8.00	8.03
Mortgage Loans		$	1,026,532		954,078	936,240	856,688	823,625
	Yield		3.09	%	3.04	5.89	5.92	3.01
Credit Card Loans		$	261,202		260,523	248,755	245,534	241,415
	Yield		9.82	%	8.84	8.93	8.53	9.28
Home Equity Loans		$	1,037,214		973,604	890,867	790,238	719,915
	Yield		5.56	%	5.08	4.61	4.45	4.50
Allowance for Loan Losses		$	(270,853)		(262,711)	(252,370)	(241,082)	(231,822)
Loans, Net		$	19,504,925		18,902,809	18,168,027	17,186,623	16,547,958
	Yield		6.31	%	3.01	5.97	5.87	5.91
Mortgage Loans Held for Sale		$	87,538		103,594	112,502	148,471	105,557
	Yield		6.15	%	5.75	6.15	5.27	5.33
Federal Funds Sold		$	115,990		102,852	162,580	158,373	171,284
	Yield		2.44	%	2.06	1.23	1.04	1.10
Time Deposits with Banks		$	3,863		4,144	4,136	4,137	4,372
	Yield		1.84	%	1.32	0.80	0.45	0.46


Total Interest Earning Assets		$	22,489,551		21,751,549	21,062,836	20,083,817	19,378,354
	Yield		5.99	%	5.75	5.69	5.58	5.63


Interest Bearing Liabilities

Time Deposits Over $100,000 (less brokered
time deposits)		$	2,392,957		2,329,295	2,284,772	2,185,597	2,231,585
	Rate		2.77	%	2.54	2.33	2.31	2.36
Brokered Time Deposits		$	2,487,264		2,066,938	1,851,198	1,603,826	1,396,770
	Rate		2.94	%	2.60	2.38	2.08	2.18
Time Deposits Under $100,000		$	2,197,788		2,194,194	2,209,883	2,225,224	2,266,593
	Rate		2.47	%	2.29	2.18	2.21	2.28
Interest Bearing Demand Deposits		$	2,980,346		2,848,978	2,716,488	2,773,020	2,709,479
	Rate		0.96	%	0.72	0.60	0.54	0.56
Money Market Accounts		$	4,754,130		4,765,591	4,778,276	4,300,823	4,073,084
	Rate		1.90	%	1.51	1.23	1.04	1.03
Savings Deposits		$	556,629		547,026	555,969	551,037	540,853
	Rate		0.27	%	0.21	0.17	0.17	0.18
Federal Funds Purchased and Other
Short-Term Borrowings		$	1,541,396		1,488,555	1,422,598	1,513,306	1,495,333
	Rate		2.34	%	1.83	1.40	1.00	0.98
Long-Term Debt		$	1,877,158		1,821,889	1,747,788	1,667,441	1,635,648
	Rate		3.84	%	3.63	3.51	3.53	3.71


Total Interest Bearing Liabilities		$	18,787,668		18,062,466	17,566,972	16,820,274	16,349,345
	Rate		2.25	%	1.94	1.72	1.59	1.64


Non-Interest Bearing Demand Deposits		$	3,267,679		3,516,878	3,137,357	3,006,493	2,769,367
Shareholders' Equity		$	2,701,585		2,635,188	2,550,346	2,402,271	2,327,319
Total Assets		$	25,392,540		24,921,847	23,778,250	22,705,467	21,913,168


Spread			3.75	%	3.81	3.97	3.99	3.99
Net Interest Margin, before fees			3.98	%	3.98	3.90	3.89	3.91
Net Interest Margin, after fees			4.11	%	4.13	4.25	4.24	4.24

SYNOVUS							8 of 9

LOANS OUTSTANDING AND NONPERFORMING LOANS COMPOSITION
(Dollars in thousands)
		March 31, 2005

			Loans as a %			Total	Nonperforming Loans
			of Total Loans			Nonperforming	as a % of Total
Loan Type		Total Loans	Outstanding			Loans	Nonperforming Loans

Commercial Real Estate
Multi-Family	$	534,523	2.7	%	$	353	0.5	%
Hotels		838,300	4.2			1,262	1.6
Office Buildings		788,163	3.9			5	0.0
Shopping Centers		642,263	3.2			330	0.4
Commercial Development		719,782	3.6			39	0.1
Other Investment Property		300,153	1.5			87	0.1


Total Investment Properties		3,823,184	19.1			2,076	2.7


1-4 Family Construction		1,312,608	6.5			548	0.7
1-4 Family Perm / Mini-Perm		1,067,093	5.3			3,614	4.7
Residential Development		1,160,685	5.8			531	0.7


Total 1-4 Family Properties		3,540,386	17.7			4,693	6.1


Land Acquisition		935,517	4.7			40	0.0


Total Investment-Related Real Estate		8,299,087	41.4			6,809	8.8


Owner-Occupied		2,313,729	11.5			11,025	14.3
Other Property		1,164,962	5.8			9,715	12.6


Total Commercial Real Estate		11,777,778	58.7			27,549	35.7

Commercial & Industrial		5,128,840	25.6			39,736	51.3

Consumer		3,192,734	15.9			10,023	13.0

Unearned Income		(43,057)	(0.2)			-	-


Total	$	20,056,295	100.0	%	$	77,308	100.0	%

SYNOVUS							9 of 9

CREDIT QUALITY DATA
(Dollars in thousands)		2005	2004				1st Quarter

		First	Fourth	Third	Second	First	'05 vs. '04
		Quarter	Quarter	Quarter	Quarter	Quarter	Change

Nonperforming Loans	$	77,308	80,456	79,776	67,489	70,007	10.4	%
Other Real Estate		26,658	21,492	25,424	26,972	26,061	2.3
Nonperforming Assets		103,966	101,948	105,200	94,461	96,068	8.2
Allowance for Loan Losses		273,724	265,745	257,647	248,585	236,056	16.0

Net Charge-Offs - Quarter		11,305	12,757	12,130	9,589	6,773	66.9
Net Charge-Offs - YTD		11,305	41,249	28,492	16,362	6,773	66.9
Net Charge-Offs / Average Loans - Quarter		0.23	0.27	0.26	0.22	0.16
Net Charge-Offs / Average Loans - YTD		0.23	0.23	0.22	0.19	0.16

Nonperforming Loans / Loans & ORE		0.39	0.41	0.42	0.37	0.41
Nonperforming Assets / Loans & ORE		0.52	0.52	0.56	0.52	0.56
Allowance / Loans		1.36	1.36	1.37	1.38	1.39

Allowance / Nonperforming Loans		354.07	330.30	322.96	368.34	337.19
Allowance / Nonperforming Assets		263.28	260.67	244.91	263.16	245.72

Past Due Loans over 90 days		14,376	18,138	23,178	27,453	23,295
As a Percentage of Loans Outstanding		0.07	0.09	0.12	0.15	0.14

Total Past Dues		122,229	84,458	118,390	109,385	129,844
As a Percentage of Loans Outstanding		0.61	0.43	0.63	0.61	0.76


REGULATORY CAPITAL RATIOS (1)
(Dollars in thousands)
		March 31, 2005	December 31, 2004	March 31, 2004

Tier 1 Capital	$	2,399,558	2,369,332	2,149,170
Total Risk-Based Capital		2,973,282	2,935,077	2,685,226
Tier 1 Capital Ratio		9.87	10.04	10.34
Total Risk-Based Capital Ratio		12.23	12.44	12.91
Leverage Ratio		9.64	9.78	9.98

(1) March 31, 2005 information is preliminary.