EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

				Years Ended December 31,
(dollars in thousands)	2016			2015			2014		2013		2012
Ratio 1 – Including Interest on Deposits
Earnings:
Income from continuing operations before income taxes	$	388,450		$	358,573		302,559		252,628		31,477
Fixed charges excluding preferred stock dividends and accretion	130,745			126,355			117,001		126,379		158,224
Total	519,195			484,928			419,560		379,007		189,701
Fixed Charges:
Interest on deposits	64,206			65,534			55,179		64,392		95,749
Interest on short-term borrowings	200			168			220		324		614
Interest on long-term debt	59,217			52,942			54,009		54,106		53,659
Portion of rents representative of the interest factor (1/3) of expense	7,121			7,711			7,593		7,557		8,202
Preferred stock dividends and accretion	10,238			10,238			10,238		40,830		58,704
Total fixed charges including preferred stock dividends and accretion	$	140,982		$	136,593		127,239		167,209		216,928
Ratio of earnings to fixed charges	3.68		x	3.55		x	3.30	x	2.27	x	0.87	x
Ratio 2 – Excluding Interest on Deposits
Earnings:
Income from continuing operations before income taxes	$	388,450		$	358,573		302,559		252,628		31,477
Fixed charges excluding preferred stock dividends and accretion	66,539			60,821			61,822		61,987		62,475
Total	454,989			419,394			364,381		314,615		93,952
Fixed Charges:
Interest on short-term borrowings	200			168			220		324		614
Interest on long-term debt	59,217			52,942			54,009		54,106		53,659
Portion of rents representative of the interest factor (1/3) of expense	7,121			7,711			7,593		7,557		8,202
Preferred stock dividends and accretion	10,238			10,238			10,238		40,830		58,704
Total fixed charges including preferred stock dividends and accretion	$	76,776		$	71,059		72,060		102,817		121,179
Ratio of earnings to fixed charges	5.93		x	5.90		x	5.06	x	3.06	x	0.78	x