Exhibit 99.2

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

bp - change is measured as difference in basis points.
mn - not meaningful

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)

bp - change is measured as difference in basis points.
mn - not meaningful

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

(1) Common shares outstanding: 311,020,558;309,974,509; and 304,436,069 at March 31, 2005; December 31, 204, and March 31, 2004, respectively.
(2) Treasury shares; 5,661,538 at March 31, 2005, 5,661,538 at December 31, 204, and 5,658,005 at March 31, 2004.

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.