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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables present certain financial information for each reportable business segment for the years ended December 31, 2023, 2022, and 2021 and as of December 31, 2023 and 2022. The application and development of management reporting methodologies is a dynamic process and is subject to periodic enhancements. As these enhancements are made, financial results presented by each reportable business segment may be periodically revised. Loan and deposit transfers occur from time to time between reportable business segments primarily to maintain the migration of clients and relationship managers between segments; however, prior period loan and deposit balances and any related net interest income and FTP are not adjusted for transfers. During the fourth quarter of 2023, $1.30 billion in deposits previously reported in the Treasury and Corporate Other segment were transferred to align with the management of the client relationships within the Financial Management Services segment.
During the year ended December 31, 2023, net losses of $76.7 million were recorded in the Treasury and Corporate Other segment primarily due to the strategic repositioning of the investment securities portfolio in the fourth quarter of 2023. Additionally, a $51.0 million expense was recorded in the Treasury and Corporate Other segment in the fourth quarter of 2023 as a result of an FDIC special assessment charge to certain banks to cover losses incurred by the Deposit Insurance Fund (DIF) due to bank failures in the first half of 2023. Synovus also recorded a $28.0 million loss for the $1.17 billion medical office buildings loans sale in the Wholesale Banking segment and a $22.1 million loss for the $421.7 million third-party consumer
loans sale in the Treasury and Corporate Other segment during the year ended December 31, 2023. During the years ended December 31, 2022 and 2021, Treasury and Corporate Other's net interest income benefited from the recognition of PPP fees totaling $12.6 million, and $79.2 million, respectively.
Year Ended December 31, 2023
(in thousands)Wholesale BankingCommunity BankingConsumer BankingFinancial Management ServicesTreasury and Corporate OtherSynovus Consolidated
Net interest income$806,399 $429,937 $614,338 $73,906 $(107,925)$1,816,655 
Non-interest revenue51,918 69,372 79,871 195,186 7,663 404,010 
Non-interest expense159,488 145,275 205,674 167,612 657,375 1,335,424 
Pre-provision net revenue$698,829 $354,034 $488,535 $101,480 $(757,637)$885,241 
Year Ended December 31, 2022
(in thousands)Wholesale BankingCommunity BankingConsumer BankingFinancial Management ServicesTreasury and Corporate OtherSynovus Consolidated
Net interest income$691,535 $412,660 $465,840 $69,539 $157,326 $1,796,900 
Non-interest revenue39,262 50,077 86,570 182,861 50,566 409,336 
Non-interest expense114,212 128,159 198,472 171,325 545,338 1,157,506 
Pre-provision net revenue$616,585 $334,578 $353,938 $81,075 $(337,446)$1,048,730 
Year Ended December 31, 2021
(in thousands)Wholesale BankingCommunity BankingConsumer BankingFinancial Management ServicesTreasury and Corporate OtherSynovus Consolidated
Net interest income$558,469 $399,261 $409,439 $78,647 $87,131 $1,532,947 
Non-interest revenue34,590 48,301 79,725 211,002 76,448 450,066 
Non-interest expense90,198 114,064 177,491 184,133 534,018 1,099,904 
Pre-provision net revenue$502,861 $333,498 $311,673 $105,516 $(370,439)$883,109 
December 31, 2023
(dollars in thousands)Wholesale BankingCommunity BankingConsumer BankingFinancial Management ServicesTreasury and Corporate OtherSynovus Consolidated
Loans, net of deferred fees and costs$25,506,870 $7,966,794 $2,825,411 $5,374,280 $1,731,135 $43,404,490 
Deposits$13,847,833 $10,198,357 $18,698,298 $1,488,090 $6,506,607 $50,739,185 
Full-time equivalent employees334 576 1,522 6041,762 4,798 
December 31, 2022
(dollars in thousands)Wholesale BankingCommunity BankingConsumer BankingFinancial Management ServicesTreasury and Corporate OtherSynovus Consolidated
Loans, net of deferred fees and costs$25,865,667 $8,138,606 $2,933,504 $5,157,014 $1,621,562 $43,716,353 
Deposits$12,942,732 $10,798,409 $18,561,521 $102,496 $6,466,401 $48,871,559 
Full-time equivalent employees337 598 1,532 768 1,792 5,027