8-K

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

July 17, 2024

Date of Report

(Date of Earliest Event Reported)

Synovus Financial Corp.

(Exact Name of Registrant as Specified in its Charter)

Georgia	1-10312	58-1134883
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1111 Bay Avenue, Suite 500, Columbus, Georgia 31901

(Address of principal executive offices) (Zip Code)

(706) 641-6500

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $1.00 Par Value	SNV	New York Stock Exchange
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D	SNV-PrD	New York Stock Exchange
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E	SNV-PrE	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02	Results of Operations and Financial Condition
	On July 17, 2024, Synovus Financial Corp. (the "Company") issued a press release announcing the Company’s financial results for the three and six month period ended June 30, 2024.
	Pursuant to General Instruction F to Current Report on Form 8-K, the press release is attached to this Current Report as Exhibit 99.1 and only those portions of the press release related to the historical results of operations of the Company for the three and six month period ended June 30, 2024 are incorporated into this Item 2.02 by reference. The information contained in this Item 2.02, including the information set forth in the press release filed as Exhibit 99.1 to, and incorporated in, this Current Report is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in Exhibit 99.1 furnished pursuant to this Item 2.02 shall not be incorporated by reference into any registration statement or other documents pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or into any filing or other document pursuant to the Exchange Act except as otherwise expressly stated in any such filing.

Item 7.01	Regulation FD Disclosure
	On July 17, 2024, the Company made available the supplemental information (the "Supplemental Information") and slide presentation ("Slide Presentation") prepared for use with the press release. The investor call and webcast will be held at 8:30 a.m., ET, on July 18, 2024.
	The information contained in this Item 7.01 of this Current Report, including the information set forth in the Supplemental Information and the Slide Presentation filed as Exhibit 99.2 and Exhibit 99.3 to, and incorporated in, this Current Report, is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that Section. The information in Exhibit 99.2 and Exhibit 99.3 furnished pursuant to this Item 7.01 shall not be incorporated by reference into any registration statement or other documents pursuant to the Securities Act or into any filing or other document pursuant to the Exchange Act except as otherwise expressly stated in any such filing.

Item 9.01	Financial Statements and Exhibits
	(d)	Exhibits
	Exhibit No.	Description
	99.1	Synovus press release dated July 17, 2024
	99.2	Supplemental Information prepared for use with the press release
	99.3	Slide presentation prepared for use with the press release

Signature

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

	SYNOVUS FINANCIAL CORP.
Date: July 17, 2024	By: /s/ Allan E. Kamensky
	Name: Allan E. Kamensky
	Title: Executive Vice President and General Counsel

EX-99.1

Exhibit 99.1

Media Contact	Investor Contact
Audria Belton	Jennifer H. Demba, CFA
Media Relations	Investor Relations
media@synovus.com	investorrelations@synovus.com

Synovus announces earnings for second quarter 2024

Diluted earnings (loss) per share of $(0.16) vs. $1.13 in 2Q23

Adjusted diluted earnings per share of $1.16 vs. $1.16 in2Q23

Securities loss of $257 million impacts 2Q24 EPS, adjusted EPS up 47% from 1Q24

COLUMBUS, Ga., July 17, 2024- Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2024.

“Our core second quarter results reflect a significant increase in earnings driven by margin expansion, strong fee income generation and reduced credit costs. Our focus remains firmly on execution while minimizing uncertainty in performance associated with the net interest margin and credit costs. Our results for the quarter demonstrate our progress toward these goals. The dedication of our team in providing unparalleled service to our clients and communities contributes to our strategic efforts to grow the bank and progress in key initiatives, further strengthening our relationship-centered banking approach,” said Synovus Chairman, CEO and President Kevin Blair.

Second Quarter 2024 Highlights

•Net income (loss) available to common shareholders was $(23.7) million, or $(0.16) per diluted share, compared to $114.8 million or $0.78 in the first quarter 2024 and $165.8 million or $1.13 in second quarter 2023.

•Adjusted net income available to common shareholders was $169.6 million, or $1.16 per diluted share, compared to $116.0 million or $0.79 in the first quarter 2024 and $169.5 million or $1.16 in second quarter 2023.

•Adjusted second quarter 2024 earnings per share excludes a $257 million loss on the sale of securities. The company completed a securities repositioning following a risk weighted asset optimization exercise that was performed during the second quarter.

•Pre-provision net revenue was $4.3 million, which was down 98% sequentially and 98% compared to second quarter 2023. Adjusted pre-provision net revenue of $261.7 million increased $43.9 million, or 20%, sequentially and was down $5.0 million, or 2%, compared to second quarter 2023.

•Net interest income increased $16.2 million, or 4%, compared to the prior quarter and was down $20.5 million, or 5%, compared to second quarter 2023. The sequential increase in net interest income was primarily attributable to a healthy increase in earning asset yields and more stable cost of funds.

•The NIM expanded by 16 basis points to 3.20% as a result of the recent securities repositioning, the reclassification of $3.4 billion in securities from Available for Sale to Held to Maturity, as well as fixed-rate asset repricing and more stable deposit costs.

•Period-end loans declined $216.5 million from the first quarter 2024 as stronger loan production and core commercial lending growth was more than offset by higher loan paydowns and strategic declines in certain loan categories such as non-relationship syndicated lending and third-party consumer lending. Commercial and industrial loans declined $194.7 million or 1% from the prior quarter and grew $5.4 million from second quarter 2023.

•Period-end core deposits were $44.8 billion, a decline of $67.6 million from the first quarter primarily as a result of a drop in non-interest bearing deposits, partially offset by an increase in time deposits. Total deposit cost increased 1 basis point from the first quarter 2024 to 2.68%.

•Non-interest revenue of $(128.9) million declined $247.7 million, or 208%, sequentially and was down $241.1 million, or 215%, compared to second quarter 2023. Adjusted non-interest revenue of $127.2 million grew $10.7 million, or 9%, sequentially and increased $16.6 million, or 15%, compared to the second quarter 2023. Sequential growth was largely from higher capital markets fees. Year-over-year growth came primarily from higher treasury and payment solutions and capital markets fees and greater commercial sponsorship income.

•On a sequential basis, non-interest expense of $301.8 million declined 6% while adjusted non-interest expense declined 5% to $301.9 million. Adjusted non-interest expense was relatively stable year over year due to disciplined expense control and a 7% reduction in total headcount.

•Provision for credit losses of $26.4 million declined 51% sequentially and compares to $38.9 million in second quarter 2023. The allowance for credit losses ratio (to loans) of 1.25% was down 1 basis point from the prior quarter.

•The non-performing loan and asset ratios were lower sequentially at 0.59% and 0.60%, respectively; the net charge-off ratio for the quarter was 0.32%, down from 0.41% in prior quarter, while total past dues were 0.30% of total loans outstanding.

•The preliminary CET1 ratio rose sequentially to 10.62% as core earnings accretion and risk weighted asset optimization more than offset the impact of $91 million in common stock repurchases and the securities repositioning.

Second Quarter Summary

	Reported									Adjusted
(dollars in thousands)	2Q24			1Q24			2Q23			2Q24			1Q24			2Q23
Net income (loss) available to common shareholders	$	(23,741)		$	114,822		$	165,819		$	169,617		$	115,973		$	169,526
Diluted earnings (loss) per share(1)	(0.16)			0.78			1.13			1.16			0.79			1.16
Total revenue	306,147			537,734			567,807			563,597			536,745			567,347
Total loans	43,093,397			43,309,877			44,353,537			N/A			N/A			N/A
Total deposits	50,195,778			50,580,242			50,080,392			N/A			N/A			N/A
Return on avg assets(2)	(0.10)		%	0.85		%	1.15		%	1.21		%	0.85		%	1.18		%
Return on avg common equity(2)	(2.1)			10.2			15.5			15.3			10.3			15.8
Return on avg tangible common equity(2)	(2.2)			11.7			17.7			17.6			11.8			18.1
Net interest margin(3)	3.20		%	3.04		%	3.20		%	N/A			N/A			N/A
Efficiency ratio-TE(3)(4)	98.15			59.87			53.99			53.05			58.88			52.57
NCO ratio-QTD	0.32			0.41			0.24			N/A			N/A			N/A
NPA ratio	0.60			0.86			0.59			N/A			N/A			N/A

(1)Diluted shares of 146,034 (in thousands) used to calculate 2Q24 adjusted diluted earnings per share.

(2) Annualized

(3) Taxable equivalent

(4) Adjusted tangible efficiency ratio

N/A - not applicable

Balance Sheet

Loans*
(dollars in millions)	2Q24		1Q24		Linked Quarter Change		Linked Quarter % Change		2Q23		Year/Year Change		Year/Year % Change
Commercial & industrial	$	22,536.6	$	22,731.3	$	(194.7)	(1)	%	$	22,531.2	$	5.4	—	%
Commercial real estate	12,215.5		12,194.0		21.5		—		13,293.9		(1,078.4)		(8)
Consumer	8,341.3		8,384.6		(43.3)		(1)		8,528.4		(187.1)		(2)
Total loans	$	43,093.4	$	43,309.9	$	(216.5)	—	%	$	44,353.5	$	(1,260.1)	(3)	%

*Amounts may not total due to rounding

Deposits*
(dollars in millions)	2Q24		1Q24		Linked Quarter Change		Linked Quarter % Change		2Q23		Year/Year Change		Year/Year % Change
Non-interest-bearing DDA	$	11,177.7	$	11,515.4	$	(337.7)	(3)	%	$	12,945.5	$	(1,767.8)	(14)	%
Interest-bearing DDA	6,621.2		6,478.8		142.4		2		6,255.3		365.9		6
Money market	10,747.9		10,712.7		35.2		—		10,803.7		(55.7)		(1)
Savings	1,009.8		1,045.1		(35.2)		(3)		1,222.9		(213.0)		(17)
Public funds	7,111.9		7,270.4		(158.5)		(2)		7,031.4		80.5		1
Time deposits	8,125.2		7,838.9		286.3		4		5,291.8		2,833.3		54
Brokered deposits	5,402.0		5,718.9		(316.9)		(6)		6,529.8		(1,127.7)		(17)
Total deposits	$	50,195.8	$	50,580.2	$	(384.5)	(1)	%	$	50,080.4	$	115.4	—	%

*Amounts may not total due to rounding

Income Statement Summary**
(in thousands, except per share data)	2Q24		1Q24		Linked Quarter Change		Linked Quarter % Change		2Q23		Year/Year Change		Year/Year % Change
Net interest income	$	434,998	$	418,846	$	16,152	4	%	$	455,531	$	(20,533)	(5)	%
Non-interest revenue	(128,851)		118,888		(247,739)		(208)		112,276		(241,127)		(215)
Non-interest expense	301,801		322,741		(20,940)		(6)		307,181		(5,380)		(2)
Provision for (reversal of) credit losses	26,404		53,980		(27,576)		(51)		38,881		(12,477)		(32)
Income (loss) before taxes	$	(22,058)	$	161,013	$	(183,071)	(114)	%	$	221,745	$	(243,803)	(110)	%
Income tax expense (benefit)	(7,378)		36,943		(44,321)		(120)		47,801		(55,179)		(115)
Net income (loss)	(14,680)		124,070		(138,750)		(112)		173,944		(188,624)		(108)
Less: Net income (loss) attributable to noncontrolling interest	(652)		(437)		(215)		49		(166)		(486)		293
Net income (loss) attributable to Synovus Financial Corp.	(14,028)		124,507		(138,535)		(111)		174,110		(188,138)		(108)
Less: Preferred stock dividends	9,713		9,685		28		—		8,291		1,422		17
Net income (loss) available to common shareholders	$	(23,741)	$	114,822	$	(138,563)	(121)	%	$	165,819	$	(189,560)	(114)	%
Weighted average common shares outstanding, diluted	145,565		147,122		(1,557)		(1)	%	146,550		(985)		(1)	%
Diluted earnings (loss) per share	$	(0.16)	$	0.78	$	(0.94)	(121)		$	1.13	$	(1.29)	(114)
Adjusted diluted earnings per share(1)	1.16		0.79		0.37		47		1.16		—		—
Effective tax rate	33.45%		22.94%						21.56%

(1) Diluted shares of 146,034 (in thousands) used to calculate 2Q24 adjusted diluted earnings per share.

**    Amounts may not total due to rounding

NM - not meaningful

Capital Ratios
	2Q24			1Q24			2Q23
Common equity Tier 1 capital (CET1) ratio	10.62	%	(1)	10.38	%		9.86	%
Tier 1 capital ratio	11.74		(1)	11.45			10.89
Total risk-based capital ratio	13.59		(1)	13.24		(2)	12.80
Tier 1 leverage ratio	9.44		(1)	9.62			9.23
Tangible common equity ratio	6.76			6.67			6.17

(1) Ratios are preliminary.

(2) As amended

Second Quarter Earnings Conference Call

Synovus will host an earnings highlights conference call at 8:30 a.m. ET on July 18, 2024. The earnings call will be accompanied by a slide presentation. Shareholders and other interested parties may listen to this conference call via simultaneous internet broadcast. For a link to the webcast, go to investor.synovus.com/event. The replay will be archived for at least 12 months and will be available approximately one hour after the call.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has 247 branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at synovus.com.

Forward-Looking Statements

This press release and certain of our other filings with the Securities and Exchange Commission contain statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through Synovus’ use of words such as “believes,” “anticipates,” “expects,” “may,” “will,” “assumes,” “should,” “predicts,” “could,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential” and other similar words and expressions of the future or otherwise regarding the outlook for Synovus’ future business and financial performance and/or the performance of the banking industry and economy in general. These forward-looking statements include, among others, our expectations regarding our future operating and financial performance; expectations on our growth strategy, expense and revenue initiatives, capital management, balance sheet management, and future profitability; expectations on credit quality and performance; and the assumptions underlying our expectations. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Synovus to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Synovus’ management and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of 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 forward-looking statements are based upon information presently known to Synovus’ management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Synovus’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2023, under the captions “Cautionary Notice Regarding Forward-Looking Statements” and “Risk Factors” and in Synovus’ 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 and speak only as of the date that they are made. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law.

Non-GAAP Financial Measures

The measures entitled adjusted non-interest revenue, non-interest expense; adjusted revenue; adjusted tangible efficiency ratio; adjusted pre-provision net revenue (PPNR); adjusted return on average assets; adjusted net income available to common shareholders; adjusted diluted earnings per share; adjusted return on average common equity; return on average tangible common equity; adjusted return on average tangible common equity; and tangible common equity ratio are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The most comparable GAAP measures to these measures are total non-interest revenue; total non-interest expense; total revenue; efficiency ratio-TE; PPNR; return on average assets; net income (loss) available to common shareholders; diluted earnings (loss) per share; return on average common equity; and the ratio of total Synovus Financial Corp. shareholders' equity to total assets, respectively.

Management believes that these non-GAAP financial measures provide meaningful additional information about Synovus to assist management and investors in evaluating Synovus’ operating results, financial strength, the performance of its business, and the strength of its capital position. However, these non-GAAP financial measures have inherent limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Adjusted non-interest revenue and adjusted revenue are measures used by management to evaluate non-interest revenue and total revenue exclusive of net investment securities gains (losses), fair value adjustments on non-qualified deferred compensation and other items not indicative of ongoing operations that could impact period-to-period comparisons. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. Adjusted net income available to common shareholders, adjusted diluted earnings per share, adjusted return on average assets, and adjusted return on average common equity are measures used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period-to-period comparisons. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Synovus’ performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. Adjusted PPNR is used by management to evaluate PPNR exclusive of items that management believes are not indicative of ongoing operations and impact period-to-period comparisons. The tangible common equity ratio is used by stakeholders to assess our capital position. The computations of these measures are set forth in the tables below.

Reconciliation of Non-GAAP Financial Measures
(dollars in thousands)	2Q24		1Q24		2Q23
Adjusted non-interest revenue
Total non-interest revenue	$	(128,851)	$	118,888	$	112,276
Investment securities (gains) losses, net	256,660		—		—
Fair value adjustment on non-qualified deferred compensation	(561)		(2,299)		(1,598)
Adjusted non-interest revenue	$	127,248	$	116,589	$	110,678
Adjusted non-interest expense
Total non-interest expense	$	301,801	$	322,741	$	307,181
(Loss) gain on other loans held for sale	—		—		(2,360)
Gain (loss) on early extinguishment of debt	—		—		377
Restructuring (charges) reversals	658		(1,524)		110
Valuation adjustment to Visa derivative	—		—		(3,027)
Fair value adjustment on non-qualified deferred compensation	(561)		(2,299)		(1,598)
Adjusted non-interest expense	$	301,898	$	318,918	$	300,683

Reconciliation of Non-GAAP Financial Measures, continued
(dollars in thousands)	2Q24			1Q24			2Q23
Adjusted revenue and tangible efficiency ratio
Adjusted non-interest expense	$	301,898		$	318,918		$	300,683
Amortization of intangibles	(2,907)			(2,907)			(2,420)
Adjusted tangible non-interest expense	$	298,991		$	316,011		$	298,263
Net interest income	$	434,998		$	418,846		$	455,531
Tax equivalent adjustment	1,351			1,310			1,138
Net interest income taxable equivalent	436,349			420,156			456,669
Net interest income	$	434,998		$	418,846		$	455,531
Total non-interest revenue	(128,851)			118,888			112,276
Total revenue	$	306,147		$	537,734		$	567,807
Tax equivalent adjustment	1,351			1,310			1,138
Total TE revenue	307,498			539,044			568,945
Investment securities losses (gains), net	256,660			—			—
Fair value adjustment on non-qualified deferred compensation	(561)			(2,299)			(1,598)
Adjusted revenue	$	563,597		$	536,745		$	567,347
Efficiency ratio-TE	98.15		%	59.87		%	53.99		%
Adjusted tangible efficiency ratio	53.05			58.88			52.57
Adjusted pre-provision net revenue
Net interest income	$	434,998		$	418,846		$	455,531
Total non-interest revenue	(128,851)			118,888			112,276
Total non-interest expense	(301,801)			(322,741)			(307,181)
Pre-provision net revenue (PPNR)	$	4,346		$	214,993		$	260,626
Adjusted revenue	563,597			536,745			567,347
Adjusted non-interest expense	(301,898)			(318,918)			(300,683)
Adjusted PPNR	$	261,699		$	217,827		$	266,664

Adjusted return on average assets (annualized)
Net income (loss)	$	(14,680)		$	124,070		$	173,944
Loss (gain) on other loans held for sale	—			—			2,360
(Gain) loss on early extinguishment of debt	—			—			(377)
Restructuring charges (reversals)	(658)			1,524			(110)
Valuation adjustment to Visa derivative	—			—			3,027
Investment securities losses (gains), net	256,660			—			—
Tax effect of adjustments(1)	(62,644)			(373)			(1,193)
Adjusted net income	$	178,678		$	125,221		$	177,651
Net income (loss) annualized	$	(59,043)		$	499,007		$	697,687
Adjusted net income annualized	$	718,639		$	503,636		$	712,556
Total average assets	$	59,246,849		$	59,022,231		$	60,515,077
Return on average assets (annualized)	(0.10)		%	0.85		%	1.15		%
Adjusted return on average assets (annualized)	1.21			0.85			1.18

Reconciliation of Non-GAAP Financial Measures, continued
(dollars in thousands)	2Q24		1Q24		2Q23
Adjusted net income available to common shareholders and adjusted diluted earnings per share
Net income (loss) available to common shareholders	$	(23,741)	$	114,822	$	165,819
Loss (gain) on other loans held for sale	—		—		2,360
(Gain) loss on early extinguishment of debt	—		—		(377)
Restructuring charges (reversals)	(658)		1,524		(110)
Valuation adjustment to Visa derivative	—		—		3,027
Investment securities losses (gains), net	256,660		—		—
Tax effect of adjustments(1)	(62,644)		(373)		(1,193)
Adjusted net income available to common shareholders	$	169,617	$	115,973	$	169,526
Weighted average common shares outstanding, diluted(2)	145,565		147,122		146,550
Diluted earnings per share	$	(0.16)	$	0.78	$	1.13
Adjusted diluted earnings per share	1.16		0.79		1.16
(1) An assumed marginal tax rate of 24.5% for 2Q24 and 1Q24 and 24.3% for 2Q23 was applied.
(2) Diluted shares of 146,034 (in thousands) used to calculate 2Q24 adjusted diluted earnings per share.

	2Q24			1Q24			2Q23
Adjusted return on average common equity, return on average tangible common equity, and adjusted return on average tangible common equity (annualized)
Net income (loss) available to common shareholders	$	(23,741)		$	114,822		$	165,819
Loss (gain) on other loans held for sale	—			—			2,360
(Gain) loss on early extinguishment of debt	—			—			(377)
Restructuring charges (reversals)	(658)			1,524			(110)
Valuation adjustment to Visa derivative	—			—			3,027
Investment securities losses (gains), net	256,660			—			—
Tax effect of adjustments(1)	(62,644)			(373)			(1,193)
Adjusted net income available to common shareholders	$	169,617		$	115,973		$	169,526
Adjusted net income available to common shareholders annualized	$	682,196		$	466,441		$	679,967
Amortization of intangibles, tax effected, annualized	8,831			8,831			7,344
Adjusted net income available to common shareholders excluding amortization of intangibles annualized	$	691,027		$	475,272		$	687,311
Net income (loss) available to common shareholders annualized	$	(95,486)		$	461,812		$	665,098
Amortization of intangibles, tax effected, annualized	8,831			8,831			7,344
Net income (loss) available to common shareholders excluding amortization of intangibles annualized	$	(86,655)		$	470,643		$	672,442
Total average Synovus Financial Corp. shareholders' equity less preferred stock	$	4,455,198		$	4,542,616		$	4,303,722
Average goodwill	(480,902)			(480,440)			(460,118)
Average other intangible assets, net	(41,547)			(44,497)			(36,738)
Total average Synovus Financial Corp. tangible shareholders' equity less preferred stock	$	3,932,749		$	4,017,679		$	3,806,866
Return on average common equity (annualized)	(2.1)		%	10.2		%	15.5		%
Adjusted return on average common equity (annualized)	15.3			10.3			15.8
Return on average tangible common equity (annualized)	(2.2)			11.7			17.7
Adjusted return on average tangible common equity (annualized)	17.6			11.8			18.1
(1) An assumed marginal tax rate of 24.5% for 2Q24 and 1Q24 and 24.3% for 2Q23 was applied.

Reconciliation of Non-GAAP Financial Measures, continued
(dollars in thousands)	June 30, 2024			December 31, 2023			June 30, 2023
Tangible common equity ratio
Total assets	$	59,606,343		$	59,809,534		$	60,655,591
Goodwill	(480,440)			(480,440)			(475,573)
Other intangible assets, net	(40,114)			(45,928)			(61,538)
Tangible assets	$	59,085,789		$	59,283,166		$	60,118,480
Total Synovus Financial Corp. shareholders’ equity	$	5,053,606		$	5,119,993		$	4,782,528
Goodwill	(480,440)			(480,440)			(475,573)
Other intangible assets, net	(40,114)			(45,928)			(61,538)
Preferred Stock, no par value	(537,145)			(537,145)			(537,145)
Tangible common equity	$	3,995,907		$	4,056,480		$	3,708,272
Total Synovus Financial Corp. shareholders’ equity to total assets ratio	8.48		%	8.56		%	7.88		%
Tangible common equity ratio	6.76			6.84			6.17
Amounts may not total due to rounding

EX-99.2

Synovus				Exhibit 99.2
INCOME STATEMENT DATA
(Unaudited)
(Dollars in thousands, except per share data)	Six Months Ended June 30,
	2024			2023			'24 vs '23
							% Change
Interest income	$	1,583,952		$	1,476,022		7	%
Interest expense	730,108			539,739			35
Net interest income	853,844			936,283			(9)
Provision for (reversal of) credit losses	80,384			71,035			13
Net interest income after provision for credit losses	773,460			865,248			(11)
Non-interest revenue:
Service charges on deposit accounts	44,720			46,451			(4)
Fiduciary and asset management fees	38,741			39,723			(2)
Card fees	38,904			32,884			18
Brokerage revenue	43,164			46,655			(7)
Mortgage banking income	7,362			8,467			(13)
Capital markets income	21,704			24,609			(12)
Income from bank-owned life insurance	15,444			14,140			9
Investment securities gains (losses), net	(256,660)			1,030			nm
Recovery of NPA	—			13,126			nm
Other non-interest revenue	36,658			18,317			100
Total non-interest revenue	(9,963)			245,402			(104)
Non-interest expense:
Salaries and other personnel expense	367,928			371,926			(1)
Net occupancy, equipment, and software expense	93,223			85,645			9
Third-party processing and other services	42,041			43,493			(3)
Professional fees	23,286			18,560			25
FDIC insurance and other regulatory fees	30,312			21,429			41
Restructuring charges (reversals)	866			(843)			nm
Loss on other loans held for sale	—			19,110			nm
Other operating expenses	66,886			69,714			(4)
Total non-interest expense	624,542			629,034			(1)
Income (loss) before income taxes	138,955			481,616			(71)
Income tax expense (benefit)	29,565			105,513			(72)
Net income (loss)	109,390			376,103			(71)
Less: Net income (loss) attributable to noncontrolling interest	(1,089)			(166)			556
Net income (loss) attributable to Synovus Financial Corp.	110,479			376,269			(71)
Less: Preferred stock dividends	19,398			16,581			17
Net income (loss) available to common shareholders	$	91,081		$	359,688		(75)	%
Net income (loss) per common share, basic	$	0.62		$	2.46		(75)	%
Net income (loss) per common share, diluted	0.62			2.45			(75)
Cash dividends declared per common share	0.76			0.76			—
Return on average assets *	0.37		%	1.26		%	(89)	bps
Return on average common equity *	4.1			17.3			(76)
Weighted average common shares outstanding, basic	145,998			145,957			—	%
Weighted average common shares outstanding, diluted	146,568			146,644			—
nm - not meaningful
bps - basis points
* - ratios are annualized
Amounts may not total due to rounding

Synovus
	INCOME STATEMENT DATA
	(Unaudited)
	(Dollars in thousands, except per share data)	2024				2023			Second Quarter
		Second Quarter			First Quarter	Fourth Quarter	Third Quarter	Second Quarter	'24 vs '23
									% Change
	Interest income	$	801,242		782,710	788,297	786,039	759,143	6	%
	Interest expense	366,244			363,864	351,083	342,880	303,612	21
	Net interest income	434,998			418,846	437,214	443,159	455,531	(5)
	Provision for (reversal of) credit losses	26,404			53,980	45,472	72,572	38,881	(32)
	Net interest income after provision for credit losses	408,594			364,866	391,742	370,587	416,650	(2)
	Non-interest revenue:
	Service charges on deposit accounts	22,907			21,813	22,260	21,385	23,477	(2)
	Fiduciary and asset management fees	19,728			19,013	18,149	20,205	20,027	(1)
	Card fees	19,418			19,486	20,872	18,602	17,059	14
	Brokerage revenue	20,457			22,707	21,961	21,387	22,451	(9)
	Mortgage banking income	3,944			3,418	3,019	3,671	4,609	(14)
	Capital markets income	15,077			6,627	6,456	7,980	9,482	59
	Income from bank-owned life insurance	8,097			7,347	10,324	6,965	6,878	18
	Investment securities gains (losses), net	(256,660)			—	(77,748)	—	—	nm
	Other non-interest revenue	18,181			18,477	26,175	6,944	8,293	119
	Total non-interest revenue	(128,851)			118,888	51,468	107,139	112,276	(215)
	Non-interest expense:
	Salaries and other personnel expense	179,407			188,521	176,712	179,741	183,001	(2)
	Net occupancy, equipment, and software expense	46,415			46,808	48,146	45,790	42,785	8
	Third-party processing and other services	21,783			20,258	21,717	21,439	21,659	1
	Professional fees	15,655			7,631	11,147	10,147	9,597	63
	FDIC insurance and other regulatory fees	6,493			23,819	61,470	11,837	11,162	(42)
	Restructuring charges (reversals)	(658)			1,524	1,231	17,319	(110)	nm
	Loss on other loans held for sale	—			—	—	30,954	2,360	nm
	Other operating expenses	32,706			34,180	32,435	36,305	36,727	(11)
	Total non-interest expense	301,801			322,741	352,858	353,532	307,181	(2)
	Income (loss) before income taxes	(22,058)			161,013	90,352	124,194	221,745	(110)
	Income tax expense (benefit)	(7,378)			36,943	20,779	27,729	47,801	(115)
	Net income (loss)	(14,680)			124,070	69,573	96,465	173,944	(108)
	Less: Net income (loss) attributable to noncontrolling interest	(652)			(437)	(768)	(630)	(166)	293
	Net income (loss) attributable to Synovus Financial Corp.	(14,028)			124,507	70,341	97,095	174,110	(108)
	Less: Preferred stock dividends	9,713			9,685	9,696	9,672	8,291	17
	Net income (loss) available to common shareholders	$	(23,741)		114,822	60,645	87,423	165,819	(114)	%
	Net income (loss) per common share, basic	$	(0.16)		0.78	0.41	0.60	1.13	(114)	%
	Net income (loss) per common share, diluted	(0.16)			0.78	0.41	0.60	1.13	(114)
	Cash dividends declared per common share	0.38			0.38	0.38	0.38	0.38	—
	Return on average assets *	(0.10)		%	0.85	0.47	0.64	1.15	(125)	bps
	Return on average common equity *	(2.1)			10.2	5.9	8.2	15.5	(114)
	Weighted average common shares outstanding, basic	145,565			146,430	146,372	146,170	146,113	—	%
	Weighted average common shares outstanding, diluted	145,565			147,122	146,877	146,740	146,550	(1)
	nm - not meaningful
	bps - basis points
	* - ratios are annualized
	Amounts may not total due to rounding

Synovus
	BALANCE SHEET DATA	June 30, 2024		December 31, 2023		June 30, 2023
	(Unaudited)
	(In thousands, except share data)
	ASSETS
	Interest-earning deposits with banks and other cash and cash equivalents	$	2,263,545	$	2,414,103	$	2,018,363
	Federal funds sold and securities purchased under resale agreements	31,063		37,323		35,788
	Cash, cash equivalents, and restricted cash	2,294,608		2,451,426		2,054,151
	Investment securities held to maturity	2,668,068		—		—
	Investment securities available for sale	7,043,681		9,788,662		9,621,175
	Loans held for sale (includes $41,823, $47,338 and $62,616 measured at fair value, respectively)	139,323		52,768		514,450
	Loans, net of deferred fees and costs	43,093,397		43,404,490		44,353,537
	Allowance for loan losses	(485,101)		(479,385)		(471,238)
	Loans, net	42,608,296		42,925,105		43,882,299
	Cash surrender value of bank-owned life insurance	1,125,928		1,112,030		1,100,114
	Premises, equipment, and software, net	375,455		365,851		365,443
	Goodwill	480,440		480,440		475,573
	Other intangible assets, net	40,114		45,928		61,538
	Other assets	2,830,430		2,587,324		2,580,848
	Total assets	$	59,606,343	$	59,809,534	$	60,655,591
	LIABILITIES AND EQUITY
	Liabilities:
	Deposits:
	Non-interest-bearing deposits	$	11,655,811	$	12,507,616	$	13,565,602
	Interest-bearing deposits	38,539,967		38,231,569		36,514,790
	Total deposits	50,195,778		50,739,185		50,080,392
	Federal funds purchased and securities sold under repurchase agreements	94,484		189,074		83,384
	Other short-term borrowings	2,536		3,496		1,461
	Long-term debt	2,283,767		1,932,534		4,021,411
	Other liabilities	1,953,106		1,801,097		1,661,175
	Total liabilities	54,529,671		54,665,386		55,847,823
	Equity:
	Shareholders' equity:
	Preferred stock - no par value. Authorized 100,000,000 shares; issued 22,000,000	537,145		537,145		537,145
	Common stock - $1.00 par value. Authorized 342,857,143 shares; issued 171,935,817, 171,360,188 and 170,808,134 respectively; outstanding 144,149,614, 146,705,330 and 146,153,276 respectively	171,936		171,360		170,808
	Additional paid-in capital	3,965,751		3,955,819		3,933,548
	Treasury stock, at cost; 27,786,203, 24,654,858 and 24,654,858 shares, respectively	(1,066,239)		(944,484)		(944,484)
	Accumulated other comprehensive income (loss), net	(1,050,374)		(1,117,073)		(1,395,175)
	Retained earnings	2,495,387		2,517,226		2,480,686
	Total Synovus Financial Corp. shareholders’ equity	5,053,606		5,119,993		4,782,528
	Noncontrolling interest in subsidiary	23,066		24,155		25,240
	Total equity	5,076,672		5,144,148		4,807,768
	Total liabilities and equity	$	59,606,343	$	59,809,534	$	60,655,591

Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
	Second Quarter 2024						First Quarter 2024						Second Quarter 2023
(dollars in thousands)	Average Balance		Interest		Yield/    Rate		Average Balance		Interest		Yield/    Rate		Average Balance		Interest		Yield/    Rate
Assets
Interest earning assets:
Commercial loans (1) (2) (3)	$	35,006,497	$	593,715	6.82	%	$	34,943,797	$	583,459	6.72	%	$	35,628,637	$	566,823	6.38	%
Consumer loans (1) (2)	8,358,325		109,206		5.23		8,434,105		109,566		5.21		8,470,478		104,545		4.94
Less: Allowance for loan losses	(492,640)		—		—		(481,146)		—		—		(466,700)		—		—
Loans, net	42,872,182		702,921		6.59		42,896,756		693,025		6.49		43,632,415		671,368		6.17
Total investment securities(4)	10,373,792		78,891		3.04		11,148,242		71,906		2.58		11,200,717		60,421		2.16
Trading account assets	8,809		162		7.37		11,567		65		2.25		21,328		309		5.80
Other earning assets(5)	1,271,953		16,800		5.23		1,218,090		16,173		5.25		1,446,425		18,081		4.95
FHLB and Federal Reserve Bank stock	189,706		2,687		5.67		187,825		2,273		4.84		280,248		4,301		6.14
Mortgage loans held for sale	37,364		666		7.13		29,773		495		6.65		54,603		852		6.24
Other loans held for sale	96,180		466		1.92		18,465		83		1.77		546,224		4,949		3.58
Total interest earning assets	54,849,986		802,593		5.89	%	55,510,718		784,020		5.68	%	57,181,960		760,281		5.33	%
Cash and due from banks	531,604						532,624						646,066
Premises and equipment	376,293						370,376						369,039
Other real estate	18,003						61						—
Cash surrender value of bank-owned life insurance	1,121,764						1,114,703						1,095,866
Other assets(6)	2,349,199						1,493,749						1,222,146
Total assets	$	59,246,849					$	59,022,231					$	60,515,077
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing demand deposits	$	10,789,288	68,809		2.57	%	$	10,590,340	65,415		2.48	%	$	9,891,375	41,803		1.70	%
Money market accounts	12,617,120		99,380		3.17		12,826,385		103,129		3.23		13,468,210		85,397		2.54
Savings deposits	1,036,321		304		0.12		1,057,087		287		0.11		1,276,040		281		0.09
Time deposits	8,382,774		93,431		4.48		7,902,850		86,493		4.40		4,866,221		39,551		3.26
Brokered deposits	5,483,298		73,830		5.42		5,737,445		77,342		5.42		6,342,751		74,748		4.73
Federal funds purchased and securities sold under repurchase agreements	114,595		570		1.97		113,558		648		2.26		88,591		351		1.57
Other short-term borrowings	108,946		1,530		5.55		71,775		955		5.26		455,050		5,566		4.84
Long-term debt	1,666,731		28,390		6.79		1,764,740		29,595		6.69		3,821,126		55,915		5.82
Total interest-bearing liabilities	40,199,073		366,244		3.66	%	40,064,180		363,864		3.65	%	40,209,364		303,612		3.03	%
Non-interest-bearing demand deposits	12,099,256						12,071,670						13,874,482
Other liabilities	1,932,822						1,782,659						1,556,863
Total equity	5,015,698						5,103,722						4,874,368
Total liabilities and equity	$	59,246,849					$	59,022,231					$	60,515,077
Net interest income and net interest margin, taxable equivalent (7)			$	436,349	3.20	%			$	420,156	3.04	%			$	456,669	3.20	%
Less: taxable-equivalent adjustment			1,351						1,310						1,138
Net interest income			$	434,998					$	418,846					$	455,531

(1)Average loans are shown net of unearned income. NPLs are included.

(2)Interest income includes fees as follows: Second Quarter 2024 — $12.3 million, First Quarter 2024 — $10.6 million, and Second Quarter 2023 — $11.3 million.

(3)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.

(4)Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

(5)Includes interest-bearing funds with Federal Reserve Bank, interest earning deposits with banks, and federal funds sold and securities purchased under resale agreements.

(6)Includes average net unrealized gains (losses) on investment securities available for sale of $(727.6) million, $(1.36) billion, and $(1.46) billion for the Second Quarter 2024, First Quarter 2024, and Second Quarter 2023, respectively.

(7)The net interest margin is calculated by dividing annualized net interest income- TE by average total interest earning assets.

Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
	Six Months Ended June 30,
	2024						2023
(dollars in thousands)	Average Balance		Interest		Yield/    Rate		Average Balance		Interest		Yield/    Rate
Assets
Interest earning assets:
Commercial loans (1) (2) (3)	$	34,975,147	$	1,177,174	6.77	%	$	35,331,375	$	1,093,352	6.24	%
Consumer loans (1) (2)	8,396,215		218,773		5.23		8,615,748		208,693		4.87
Less: Allowance for loan losses	(486,893)		—		—		(456,005)		—		—
Loans, net	42,884,469		1,395,947		6.54		43,491,118		1,302,045		6.03
Total investment securities(4)	10,761,017		150,797		2.80		11,247,080		121,475		2.16
Trading account assets	10,188		227		4.47		16,360		434		5.30
Other earning assets(5)	1,248,958		32,973		5.23		1,479,926		35,292		4.74
FHLB and Federal Reserve Bank stock	188,766		4,960		5.26		293,518		7,656		5.22
Mortgage loans held for sale	33,569		1,161		6.92		45,600		1,418		6.22
Other loans held for sale	57,323		549		1.89		495,240		9,960		4.00
Total interest earning assets	55,184,290		$	1,586,614	5.78	%	57,068,842		$	1,478,280	5.22	%
Cash and due from banks	528,178						644,791
Premises and equipment	373,335						369,654
Other real estate	9,032						—
Cash surrender value of bank-owned life insurance	1,118,233						1,093,486
Other assets(6)	1,921,473						1,148,600
Total assets	$	59,134,541					$	60,325,373
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing demand deposits	$	10,689,814	$	134,224	2.53	%	$	9,493,481	$	65,024	1.38	%
Money market accounts	12,721,753		202,509		3.20		13,929,069		158,012		2.29
Savings deposits	1,046,704		591		0.11		1,322,846		491		0.07
Time deposits	8,142,812		179,924		4.44		4,237,249		61,047		2.91
Brokered deposits	5,610,371		151,172		5.42		5,950,539		131,141		4.44
Federal funds purchased and securities sold under repurchase agreements	114,076		1,218		2.11		110,852		1,021		1.83
Other short-term borrowings	90,361		2,485		5.44		1,062,908		24,559		4.60
Long-term debt	1,715,736		57,985		6.74		3,486,453		98,444		5.63
Total interest-bearing liabilities	40,131,627		$	730,108	3.66	%	39,593,397		$	539,739	2.75	%
Non-interest-bearing demand deposits	12,085,463						14,441,205
Other liabilities	1,857,741						1,539,939
Total equity	5,059,710						4,750,832
Total liabilities and equity	$	59,134,541					$	60,325,373
Net interest income, taxable equivalent net interest margin (7)			$	856,506	3.12	%			$	938,541	3.32	%
Less: taxable-equivalent adjustment			2,662						2,258
Net interest income			$	853,844					$	936,283

(1)Average loans are shown net of unearned income. NPLs are included.

(2)Interest income includes fees as follows: 2024 — $22.9 million and 2023 — $22.8 million.

(3)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.

(4)Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

(5)Includes interest-bearing funds with Federal Reserve Bank, interest earning deposits with banks, and federal funds sold and securities purchased under resale agreements.

(6)Includes average net unrealized gains/(losses) on investment securities available for sale of $(1.04) billion and $(1.49) billion for the six months ended June 30, 2024 and 2023, respectively.

(7)The net interest margin is calculated by dividing annualized net interest income - TE by average total interest earning assets.

Synovus
LOANS OUTSTANDING BY TYPE
(Unaudited)	Total Loans		Total Loans		Linked Quarter		Total Loans		Year/Year
(Dollars in thousands)
Loan Type	June 30, 2024		March 31, 2024		% Change		June 30, 2023		% Change
Commercial, Financial, and Agricultural	$	14,519,608	$	14,616,902	(1)	%	$	14,166,890	2	%
Owner-Occupied	8,017,004		8,114,394		(1)		8,364,342		(4)
Total Commercial & Industrial	22,536,612		22,731,296		(1)		22,531,232		—
Multi-Family	4,288,436		4,199,435		2		3,597,497		19
Hotels	1,802,076		1,790,505		1		1,771,381		2
Office Buildings	1,801,945		1,852,208		(3)		3,031,806		(41)
Shopping Centers	1,298,967		1,302,754		—		1,329,492		(2)
Warehouses	865,359		871,662		(1)		1,068,734		(19)
Other Investment Property	1,271,266		1,294,317		(2)		1,471,356		(14)
Total Investment Properties	11,328,049		11,310,881		—		12,270,266		(8)
1-4 Family Construction	171,335		194,146		(12)		205,459		(17)
1-4 Family Investment Mortgage	381,212		385,992		(1)		410,267		(7)
Total 1-4 Family Properties	552,547		580,138		(5)		615,726		(10)
Commercial Development	65,994		66,000		—		60,910		8
Residential Development	67,231		72,024		(7)		98,229		(32)
Land Acquisition	201,666		164,976		22		248,767		(19)
Land and Development	334,891		303,000		11		407,906		(18)
Total Commercial Real Estate	12,215,487		12,194,019		—		13,293,898		(8)
Consumer Mortgages	5,371,164		5,384,602		—		5,379,284		—
Home Equity	1,812,940		1,804,348		—		1,773,987		2
Credit Cards	178,889		180,663		(1)		187,677		(5)
Other Consumer Loans	978,305		1,014,949		(4)		1,187,459		(18)
Total Consumer	8,341,298		8,384,562		(1)		8,528,407		(2)
Total	$	43,093,397	$	43,309,877	—	%	$	44,353,537	(3)	%
NON-PERFORMING LOANS COMPOSITION
(Unaudited)	Total Non-performing Loans		Total Non-performing Loans		Linked Quarter		Total Non-performing Loans		Year/Year
(Dollars in thousands)
Loan Type	June 30, 2024		March 31, 2024		% Change		June 30, 2023		% Change
Commercial, Financial, and Agricultural	$	120,107	$	192,693	(38)	%	$	144,415	(17)	%
Owner-Occupied	50,977		80,218		(36)		22,197		130
Total Commercial & Industrial	171,084		272,911		(37)		166,612		3
Multi-Family	1,718		2,077		(17)		1,748		(2)
Office Buildings	7,350		7,630		(4)		28,024		(74)
Shopping Centers	541		547		(1)		699		(23)
Warehouses	177		188		(6)		218		(19)
Other Investment Property	1,782		1,784		—		664		168
Total Investment Properties	11,568		12,226		(5)		31,353		(63)
1-4 Family Construction	311		—		nm		632		(51)
1-4 Family Investment Mortgage	2,749		2,300		20		3,525		(22)
Total 1-4 Family Properties	3,060		2,300		33		4,157		(26)
Residential Development	303		478		(37)		267		13
Land Acquisition	606		540		12		871		(30)
Land and Development	909		1,018		(11)		1,138		(20)
Total Commercial Real Estate	15,537		15,544		—		36,648		(58)
Consumer Mortgages	48,352		42,563		14		41,877		15
Home Equity	14,947		12,451		20		9,936		50
Other Consumer Loans	6,186		6,981		(11)		6,433		(4)
Total Consumer	69,485		61,995		12		58,246		19
Total	$	256,106	$	350,450	(27)	%	$	261,506	(2)	%

Synovus
	CREDIT QUALITY DATA
	(Unaudited)
	(Dollars in thousands)	2024				2023			Second Quarter
		Second			First	Fourth	Third	Second	'24 vs '23
		Quarter			Quarter	Quarter	Quarter	Quarter	% Change
	Non-performing Loans (NPLs)	$	256,106		350,450	288,177	280,532	261,506	(2)	%
	Other Real Estate and Other Assets	823			21,210	—	—	—	nm
	Non-performing Assets (NPAs)	256,929			371,660	288,177	280,532	261,506	(2)
	Allowance for Loan Losses (ALL)	485,101			492,661	479,385	477,532	471,238	3
	Reserve for Unfunded Commitments	53,058			53,579	57,231	55,185	55,729	(5)
	Allowance for Credit Losses (ACL)	538,159			546,240	536,616	532,717	526,967	2
	Net Charge-Offs - Quarter	34,485			44,356	41,574	66,822	26,396
	Net Charge-Offs - YTD	78,841			44,356	153,342	111,768	44,946
	Net Charge-Offs / Average Loans - Quarter (1)	0.32		%	0.41	0.38	0.61	0.24
	Net Charge-Offs / Average Loans - YTD (1)	0.36			0.41	0.35	0.34	0.20
	NPLs / Loans	0.59			0.81	0.66	0.64	0.59
	NPAs / Loans, ORE and specific other assets	0.60			0.86	0.66	0.64	0.59
	ACL/Loans	1.25			1.26	1.24	1.22	1.19
	ALL/Loans	1.13			1.14	1.10	1.09	1.06
	ACL/NPLs	210.13			155.87	186.21	189.90	201.51
	ALL/NPLs	189.41			140.58	166.35	170.22	180.20
	Past Due Loans over 90 days and Still Accruing	$	4,460		3,748	5,053	3,792	3,643	22
	As a Percentage of Loans Outstanding	0.01		%	0.01	0.01	0.01	0.01
	Total Past Due Loans and Still Accruing	$	129,759		54,814	59,099	54,974	84,946	53
	As a Percentage of Loans Outstanding	0.30		%	0.13	0.14	0.13	0.19
	(1) Ratio is annualized.
	SELECTED CAPITAL INFORMATION (1)
	(Unaudited)
	(Dollars in thousands)
		June 30, 2024			December 31, 2023	June 30, 2023
	Common Equity Tier 1 Capital Ratio	10.62		%	10.22	9.86
	Tier 1 Capital Ratio	11.74			11.28	10.89
	Total Risk-Based Capital Ratio	13.59			13.07	12.80
	Tier 1 Leverage Ratio	9.44			9.49	9.23
	Total Synovus Financial Corp. shareholders' equity as a Percentage of Total Assets	8.48			8.56	7.88
	Tangible Common Equity Ratio (2) (4)	6.76			6.84	6.17
	Book Value Per Common Share (3)	$	31.33		31.24	29.05
	Tangible Book Value Per Common Share (2)	27.72			27.65	25.37
	(1) Current quarter regulatory capital information is preliminary.
	(2) Excludes the carrying value of goodwill and other intangible assets from common equity and total assets.
	(3) Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders’ equity less Preferred stock divided by total common shares outstanding.
	(4) See "Non-GAAP Financial Measures" for applicable reconciliation.

EX-99.3

1 Earnings Release July 18, 2024 Second Quarter 2024 Results Exhibit 99.3

2 This slide presentation and certain of our other filings with the Securities and Exchange Commission contain statements that constitute "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through Synovus' use of words such as "believes," "anticipates," "expects," "may," "will," "assumes," "predicts," "could," "should," "would," "intends," "targets," "estimates," "projects," "plans," "potential" and other similar words and expressions of the future or otherwise regarding the outlook for Synovus' future business and financial performance and/or the performance of the banking industry and economy in general. These forward-looking statements include, among others, statements on our expectations related to (1) loan growth; (2) deposit growth and deposit costs; (3) net interest income and net interest margin; (4) revenue growth; (5) non-interest expense; (6) credit trends and key credit performance metrics; (7) our future operating and financial performance; (8) our strategy and initiatives for future revenue growth, balance sheet optimization, capital management, and expense management; (9) our effective tax rate; and (10) our assumptions underlying these expectations. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Synovus to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Synovus' management and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this presentation. Many of these factors are beyond Synovus' ability to control or predict. These forward-looking statements are based upon information presently known to Synovus' management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Synovus' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2023 under the captions "Cautionary Notice Regarding Forward-Looking Statements" and "Risk Factors" and in Synovus' 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 and speak only as of the date that they are made. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law. This slide presentation contains certain non-GAAP financial measures determined by methods other than in accordance with generally accepted accounting principles. Such non-GAAP financial measures include the following: adjusted net income available to common shareholders; adjusted diluted earnings per share; adjusted return on average assets; return on average tangible common equity; adjusted return on average tangible common equity; adjusted non-interest revenue; adjusted revenue; adjusted non-interest expense; adjusted tangible efficiency ratio; tangible common equity ratio; and adjusted pre-provision net revenue (PPNR). The most comparable GAAP measures to these measures are net income (loss) available to common shareholders; diluted earnings (loss) per share; return on average assets; return on average common equity; total non-interest revenue; total revenue; total non-interest expense; efficiency ratio-TE; total Synovus Financial Corp. shareholders' equity to total assets ratio; and PPNR, respectively. Management believes that these non-GAAP financial measures provide meaningful additional information about Synovus to assist management and investors in evaluating Synovus' operating results, financial strength, the performance of its business and the strength of its capital position. However, these non-GAAP financial measures have inherent limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Adjusted net income available to common shareholders, adjusted diluted earnings per share and adjusted return on average assets are measures used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period- to-period comparisons. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Synovus' performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. Adjusted non-interest revenue and adjusted revenue are measures used by management to evaluate non-interest revenue and total revenue exclusive of net investment securities gains (losses), fair value adjustments on non-qualified deferred compensation, and other items not indicative of ongoing operations that could impact period-to-period comparisons. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. The tangible common equity ratio is used by stakeholders to assess our capital position. Adjusted PPNR is used by management to evaluate PPNR exclusive of items that management believes are not indicative of ongoing operations and impact period-to-period comparisons. The computations of the non-GAAP financial measures used in this slide presentation are set forth in the appendix to this slide presentation. Management does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Synovus’ control, or cannot be reasonably predicted. For the same reasons, Synovus’ management is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. Forward-Looking Statements Use of Non-GAAP Financial Measures

3 • Reported 2Q24 EPS of $(0.16) impacted by a securities loss, while adjusted EPS was $1.16 • Net interest income up 4% QoQ, with the NIM(3) expanding 16 bps to 3.20% • Non-interest revenue of $(129) million was negatively impacted by a $257 million securities loss • Adjusted non-interest revenue of $127 million rose 9% QoQ and 15% YoY • Non-interest expense declined 6% QoQ and was down 2% YoY • Loans and core deposits(4) were relatively stable QoQ • NCOs/average loans were 0.32% compared to 0.41% in 1Q24 • CET1 ratio(5) increased 24 bps QoQ to 10.62%, inclusive of $91 million in share repurchases Balance Sheet (Period-end, $ in millions) Total Loans, Net of Unearned $43,093 Deposits $50,196 Key Performance Metrics Reported Adjusted(1) Net Income (Loss) Available to Common Shareholders(2) $(23,741) $169,617 Diluted Earnings (Loss) Per Share $(0.16) $1.16 Return on Average Assets (0.10)% 1.21% Return on Average Tangible Common Equity (2.2)% 17.6% Efficiency Ratio-TE(3) 98.1% 53.1% (1) Non-GAAP financial measure; see appendix for applicable reconciliation; (2) $ In thousands; (3) Taxable equivalent; (4) Excludes brokered; (5) 2Q24 capital ratios are preliminary Second Quarter 2024 Financial Highlights

4 • Period end loans down $216 million QoQ • Loan balances impacted by ~$250 million decline in large corporate and specialty line utilization • Strategic C&I loan(1) growth of 5% annualized in 2Q24 and 8% annualized in 1H24 • Production rose 58% QoQ driven by broad based contribution from our commercial lines of business • Expect Senior Housing and National Accounts balances to be more stable in 2H24 Loans $43,310 $(195) $21 $(43) $43,093 1Q24 C&I CRE Consumer 2Q24 Loan Growth Attribution ($ in millions) Total Loans: $43 billion Amounts may not total due to rounding; (1) Includes Middle Market, Specialty C&I, and CIB; (2) Categories exclude $1 million of net balance change from lines of business not listed; (3) Includes Asset Based Lending, Structured Lending, Insurance Premium Finance, and Restaurant Services; (4) Primarily non-core syndicated lending 2Q24 Strategic Growth CIBSpecialty C&I(3) Middle Market 2Q24 Strategic Declines Third-Party Consumer National Accounts(4) - $223 Million Primary Drivers of 2Q24 Loan Growth(2) $443 $497 $758 $598 $567 $123 $46 $213 $154 $270 CRE Payoffs/Paydowns Sr. Housing Payoffs/Paydowns 2Q23 3Q23 4Q23 1Q24 2Q24 CRE and Senior Housing Loan Payoffs and Paydowns ($ in millions) 2Q24 Market Activity Related Headwinds - $151 Million Senior Housing + $157 Million Institutional CRE

5 $50,580 $(387) $137 $(34) $(72) $288 $(317) $50,196 1Q24 Non- Interest- Bearing NOW Savings MMA Time Brokered 2Q24 Deposits • Period end core deposits(1) down $68 million QoQ • Slowing pace of diminishment in non-interest bearing deposits through 2Q • Growth in Time and MMA impacted by targeted pricing adjustments • Brokered deposits down $317 million or 6% from 1Q24, the fourth consecutive quarter of decline • Total cost of deposits up 1 bp QoQ to 2.68% QoQ Change in Deposit Balances(2) ($ in millions) Amounts may not total due to rounding; (1) Excludes brokered; (2) Balances in bar chart include the public funds changes QoQ seen below the chart; (3) Includes public funds Public Funds QoQ Growth: $(49) (5) $1 $(107) Total Deposits: $50 billion $1 $(1,077) $(589) $(469) $(465) $(387) 2Q23 3Q23 4Q23 1Q24 2Q24 Improving Trends in Non-Interest Bearing Deposit Diminishment(3) ($ in millions)

6 $456 $443 $437 $419 $435 3.20% 3.11% 3.11% 3.04% 3.20% Net Interest Income Net Interest Margin 2Q23 3Q23 4Q23 1Q24 2Q24 Amounts may not total due to rounding; NIM Attribution reflects estimates and includes both attributed and unattributed items; Note: All references to NIM are are taxable equivalent Net Interest Income Net Interest Income and Net Interest Margin Trends ($ in millions)• Net interest income increased $16 million or 4% QoQ • NIM expansion of 16 bps, supported by stronger loan and securities yields, as well as stable deposit cost • Expect 2H24 NIM expansion to be supported by continued fixed-rate asset repricing and relative stability in deposit cost Net Interest Income: $435 million 1Q24 NIM 3.04% bps difference QoQ Loan Yield +0.07% Deposit Rate -0.01% Deposit Mix +0.01% 2Q24 Securities Repositioning +0.05% Impact of HTM Reclassification +0.04% 2Q24 NIM 3.20% Net Interest Margin Attribution

7 $293 $345 $374 $413 2020 2021 2022 2023 2024E ($ in millions) 2Q24 QoQ Δ YoY Δ Core Banking Fees(2) $48 2% 4% Wealth Revenue(3) $41 (3)% (5)% Capital Markets Income $15 128% 59% Net Mortgage Revenue $4 15% (14)% Other Income(4)(5) $19 13% 166% Total Adjusted Non-Interest Revenue(6) $127 9% 15% Total Non-Interest Revenue $(129) (208)% (215)% Amounts may not total due to rounding; (1) Commercial Sponsorship income includes GreenSky income (within other income) and ISO sponsorship NIR (within service charges on deposit accounts and card fees in core banking fees and other income); (2) Includes service charges on deposit accounts, card fees, and several other non-interest revenue components including line of credit non-usage fees, letter of credit fees, ATM fee income, and miscellaneous other service charges; (3) Consists of fiduciary/asset management, brokerage, and insurance revenues; (4) Includes earnings on equity method investments, income from BOLI, Commercial Sponsorship, and other miscellaneous income; (5) Excludes adjusted NIR items. See appendix for adjusted NIR non-GAAP reconciliation; (6) Non-GAAP financial measure; see appendix for applicable reconciliation; (7) Core Client NIR (ex. Mortgage) primarily includes Core Banking Fees, Wealth Revenue, Capital Markets income, Commercial Sponsorship, and other miscellaneous income; (8) Reclassification of Core Client NIR performed in 1Q24 Non-Interest Revenue Growth and Stability in Core Client Non-Interest Revenue(7)(8) ($ in millions) Non-Interest Revenue ~12% CAGR Non-Interest Revenue: $(129) million $435M - $445M • Sequential growth primarily attributable to robust syndication and debt capital markets fees • Year over year growth driven by higher Treasury and Payment Solutions, Capital Markets and Commercial Sponsorship income(1) • Wealth revenue declined YoY from lower repo revenue and divestiture of GLOBALT in 2023 • Recorded $257 million loss on the securities repositioning

8 Non-Interest Expense ($ in millions) 2Q24 QoQ Δ YoY Δ Total Employment $179 (4)% (1)% Total Other $77 (11)% —% Total Occupancy, Equipment, and Software $46 (1)% 8% Total Adjusted Non-Interest Expense(1) $302 (5)% —% Total Non-Interest Expense $302 (6)% (2)% Non-Interest Expense Non-Interest Expense: $302 million • Employment expense declined 4% QoQ, largely due to seasonality and 1% YoY from 2023 efficiency actions • Legal fees up ~$6 million QoQ, mostly due to expenses associated with resolved credits • Recorded a $3.9 million non-interest expense reversal in 2Q24 for lower than expected FDIC Special Assessment 5,179 4,997 4,879 4,812 4,805 2Q23 3Q23 4Q23 1Q24 2Q24 Headcount Down 7% YoY Amounts may not total due to rounding; (1) Non-GAAP financial measure; see appendix for applicable reconciliation; (2) Includes $3.9MM reversal related to the FDIC Special Assessment Excluding FDIC Special Assessment, Adjusted Non-Interest Expense(1) Stable ($ in millions) $301 $306 $353 $319 2Q23 3Q23 4Q23 1Q24 2Q24 $302 FDIC Special Assessment (2)

9 Credit Quality • NCOs were 0.32%, down from 0.41% in the first quarter • Provision for credit losses declined 51% QoQ • ACL was relatively unchanged at 1.25% as credit metrics have stabilized • Continue to expect flat to down NCOs/average loans in 2H24 versus 0.36% in 1H24 $39 $73 $45 $54 $26$26 $67 $42 $44 $34 Provision for Credit Losses Net Charge-Offs 2Q23 3Q23 4Q23 1Q24 2Q24 0.24% 0.61% 0.38% 0.41% 0.32% 0.23% 0.40% 0.38% 0.41% 0.32% NCO Ratio: Loan Loss Provision and Net Charge-Offs ($ in millions) NCO Ratio: (Ex. Loan Sales) Loan Sale Charge-Offs Amounts may not total due to rounding $527 $533 $537 $546 $538 1.19% 1.22% 1.24% 1.26% 1.25% Allowance for Credit Losses ACL Coverage Ratio 2Q23 3Q23 4Q23 1Q24 2Q24 202% 190% 186% 156% 210%ACL to NPLs: Allowance for Credit Losses ($ in millions)

10 $110,803 $94,784 $70,294 $151,828 $61,601 C&I CRE Consumer 2Q23 3Q23 4Q23 1Q24 2Q24 Credit Quality Credit Metric Trends 0.59% 0.64% 0.66% 0.81% 0.59% 3.0% 3.4% 3.5% 3.8% 3.7% Non Performing Loan Ratio Criticized & Classified Loans as a % of Total Loans 2Q23 3Q23 4Q23 1Q24 2Q24 • Non-performing loan ratio declined to 0.59% of loans, down from 0.81% in 1Q24 • NPL inflows improved from the prior quarter • Criticized and classified loans declined slightly Non-Performing Loan Inflows ($ in thousands)

11 9.86% 10.13% 10.22% 10.38% 10.62% Common Equity Tier 1 Tier 1 Tier 2 2Q23 3Q23 4Q23 1Q24 2Q24 • 2Q24 CET1 Ratio(1) up 24 basis points QoQ to 10.62%, highest since 2015 • Capital position supported by core earnings and RWA optimization effort • Offset by impact of securities repositioning and $91 million of common share repurchases • Continue to prudently manage capital near high-end of 10.0-10.5% operating range Amounts may not total due to rounding; (1) 2Q24 capital ratios are preliminary; (2) As amended (1) 11.45% 13.24% 13.59% 11.74% Capital Capital Metrics 10.89% 12.80% 13.12% 11.18% Common Equity Tier 1 Modestly Above Top-End of Operating Range 10.38% 0.46% (0.41)% 0.36% 0.09% (0.11)% (0.19)% 0.05% 10.62% Beginning CET1 Ratio (1Q24) RWA Optimization Securities Reposition (after-tax) Net Income To Common (adj. for securities reposition) Other RWA / Loans Common Dividends Share Repurchases Other Ending CET1 Ratio (2Q24) 2Q24 CET1 Change (1) 13.07% 11.28% +5 bps (2)

12 2024 Guidance Key Assumptions EoP Loan Growth EoP Core Deposit(1) Growth Adjusted Revenue Growth(2)(3) Adjusted NIE Growth(2)(3)(4) Effective Tax Rate CET1 Guidance Current Range 0% - 2% 2% - 4% (3)% to 0% 1% - 3% (ex FDIC Special Assessments) ~21% 10.0% - 10.5% • C&I growth continues in core Middle Market, CIB and Specialty verticals • Forecasting declines in Institutional CRE in second half of the year as market-activity paydowns accelerate • Continued strategic declines in Third Party Consumer • 2H24 stability in Senior Housing and National Accounts balances • 2H24 growth in overall core deposits(1) supported by seasonal benefits and Core C&I business line expansion • Forecasting stable to modest declines in overall DDA balances as second half seasonal benefits and new account production support balances   • Currently managing CET1 at high end of target range of 10.0% -10.5% • Expect share repurchases throughout remainder of 2024 • Supported by tax credit investments and further diversification of revenue sources  • Guidance incorporates a 25 basis point interest rate cut in December 2024; forecast interest rate path consistent with June Federal Reserve dot plot • Expecting relatively stable total cost of deposits from current levels • Continued fixed asset repricing and 4Q hedge maturities support NIM expansion in 2H24 • Expect mid-single digit adjusted non-interest revenue growth(2) supported by robust Capital Markets pipeline • Modest increase in expense expectations due to technology infrastructure investments, legal costs from resolved problem credits and higher incentive accruals from improved earnings projections • Guidance excludes impact of FDIC Special Assessments impact in 4Q23, 1Q24 and 2Q24 • Continuous focus on improving efficiency of how we serve our clients (1) Excludes brokered; (2) Non-GAAP financial measure; see cautionary language on slide 2 and appendix for applicable reconciliation; (3) Guidance based on the 2023 baseline: adjusted revenue baseline of $2.28 billion and adjusted NIE of $1.26 billion, excluding the FDIC Special Assessment, the amount is $1.21 billion; (4) SNV incurred $51 million, $13 million and ($4) million of FDIC Special Assessments in 4Q23/1Q24/2Q24, respectively

Appendix

14 Deposit Portfolio (as of 6/30/24) % of Deposits Approx. Beta in Easing Cycle Non-Interest Bearing Deposits 23% —% Core Time Deposits 17% 70% - 80% Brokered Deposits 11% 75% - 85% Low-Beta/Standard Non-Maturity Deposits 24% 15% - 25% Higher-Beta Non-Maturity Deposits 25% 70% - 80% Total Deposits 100% 40% - 45% Estimated 40%-45% Deposit Beta in Easing Rate Cycle Amounts may not total due to rounding; all figures are estimates based on the deposit portfolio composition as of 6/30/24 and reflect an estimated repricing beta over a 12 month period, assuming an easing cycle of approx. 100bps; betas presented may not align with those used for modeling NII sensitivities, as disclosed for Market Risk

15 Loan Trends $44,353 $43,680 $43,404 $43,310 $43,093 $35,825 $35,176 $34,915 $34,925 $34,752 $8,528 $8,504 $8,489 $8,385 $8,341 Commercial Consumer 2Q23 3Q23 4Q23 1Q24 2Q24 Period End Loans ($ in millions) $44,099 $43,500 $43,597 $43,378 $43,365 $35,629 $34,990 $35,106 $34,944 $35,006 $8,470 $8,510 $8,491 $8,434 $8,358 Commercial Consumer 2Q23 3Q23 4Q23 1Q24 2Q24 Average Loans ($ in millions) Amounts may not total due to rounding

16 $50,080 $50,204 $50,739 $50,580 $50,196 $13,566 $12,977 $12,508 $12,042 $11,656 $10,082 $10,051 $10,681 $10,644 $10,781 $13,094 $12,989 $12,902 $12,925 $12,854 $1,230 $1,140 $1,071 $1,055 $1,021 $5,579 $6,825 $7,534 $8,195 $8,482 $6,530 $6,222 $6,043 $5,719 $5,402 NIB DDA IB DDA MMA Savings Time Brokered 2Q23 3Q23 4Q23 1Q24 2Q24 Deposit Trends Period End Deposits ($ in millions) Average Deposits ($ in millions) $49,719 $50,113 $50,587 $50,186 $50,408 $13,874 $13,049 $12,744 $12,072 $12,099 $9,891 $10,114 $10,422 $10,590 $10,789 $13,468 $13,147 $13,054 $12,826 $12,617 $1,276 $1,178 $1,099 $1,057 $1,036 $4,866 $6,181 $7,198 $7,903 $8,383 $6,343 $6,443 $6,069 $5,737 $5,483 NIB DDA IB DDA MMA Savings Time Brokered 2Q23 3Q23 4Q23 1Q24 2Q24 Amounts may not total due to rounding

17 Allowance for Credit Losses ACL/Loans: 1.26% 1.25% (1) Represents the mix of loan production offset by the mix of loans paying off/down; (2) Other includes the impact of dispositions, sub-pool changes, etc.; (3) 2Q24 model estimates; (4) Downside scenarios carry a total weighting of 35% and correspond to Moody’s May 2024 "S5" Slow Growth scenario and "S3" Downside 90th Percentile scenario; (5) Upside refers to Moody’s May 2024 "S1" Upside 10th Percentile scenario Economic Scenario Assumptions and Weightings 2nd Quarter Change from 2024(3) 2025(3) Scenario Model Weighting Previous Quarter GDP Unemployment GDP Unemployment Consensus Baseline 55% 5% 2.4% 4.0% 1.7% 4.0% Slow Growth(4) 25% (10)% 2.4% 4.1% 1.2% 5.1% Downside(4) 10% 5% 1.5% 5.0% (1.4)% 7.5% Upside(5) 10% NC 2.9% 3.6% 3.3% 3.1% Weighted Average 2.4% 4.1% 1.4% 4.5% $546 $(14) $6 $3 $(2) $538 1Q24 Economic Forecast Impact Performance Net Growth Other 2Q24 (2) ($ in millions) (1)

18 Consumer Portfolio $8.3 billion CRE Portfolio $12.2 billion C&I Portfolio $22.5 billion 2Q24 Portfolio Characteristics C&I CRE Consumer NPL Ratio 0.76% 0.13% 0.83% QTD Net Charge-off Ratio (annualized) 0.53% (0.01)% 0.24% 30+ Days Past Due Ratio 0.08% 0.67% 0.37% 90+ Days Past Due Ratio 0.01% 0.00% 0.02% Amounts may not total due to rounding; (1) Industry-focused C&I is comprised of senior housing, structured lending (primarily lender finance), insurance premium finance, CIB, restaurant finance, and public funds portfolios; (2) LTV is calculated by dividing the most recent appraisal value (typically at origination) by the sum of the 6/30/2024 commitment amount and any existing senior lien Loan Portfolio by Category 27% 21% 4% 10% 6% 4% 4% 3% 1% 17% 3% Market-Based C&I Industry-Focused C&I Other C&I Multi-Family Other CRE Hotel Office Retail Residential C&D & Land Consumer Real Estate Consumer Non-Real Estate Highly Diverse Loan Mix (1) • C&I portfolio is well-diversified among multiple lines-of-business • Diverse C&I industry mix aligned with economic and demographic drivers • SNCs total $5.0 billion, ~$500 million of which is agented by SNV • 93% are income-producing properties • Diversity among property types and geographies • 30+ Days Past Due Ratio includes 0.30% attributable to one office loan that is no longer 30+ days past due as of July 17 • Weighted average credit score of 796 and 782 for Home Equity and Mortgage, respectively • Weighted average LTV of 72.9% and 70.8% for Home Equity and Mortgage, respectively(2)

19 Credit Indicator 2Q24 NPL Ratio 0.76% Net Charge-off Ratio (annualized) 0.53% 30+ Days Past Due Ratio 0.08% 90+ Days Past Due Ratio 0.01% • Finance/Insurance predominantly represented by secured lender finance portfolio ◦ 0.00% NPL Ratio ◦ (0.01)% Net Charge-Off Ratio (annualized) ◦ 0.00% 30+ Day Past Due Ratio • Senior Housing consists of 90% private pay assisted living/ independent living facilities Diverse Industry Exposure Total C&I Portfolio $22.5 billion 20.0% 13.4% 7.0% 6.5% 5.8% 5.4% 5.2% 5.1% 4.6% 4.2% 4.0% 3.9% 3.6% 3.1% 2.3% 2.1% 1.9% 1.0% 0.9% Finance/Insurance Senior Housing Accom. & Food Svcs. Health Care Manufacturing Lessors of R/E Wholesale Trade Retail Trade Construction Transport/Warehousing Other Services Prof., Scientific, Tech. Svcs. Other R/E and Rental & Leasing All Other Arts, Entertainment, & Rec. Public Administration Educational Svcs. Admin., Support, Waste Mgmt. Ag, Forestry, Fishing Amounts may not total due to rounding; (1) These segments are not two digit NAICS industry divisions; Senior Housing is a subset of NAICS 62 Health Care and Social Assistance, and R/E other and R/E leasing together comprise NAICS 53 Real Estate, Rental, and Leasing (1) (1) (1) C&I Loan Portfolio

20 Commercial Real Estate Loan Portfolio Composition of 2Q24 CRE Portfolio Total CRE Portfolio $12.2 billion Investment Properties Land, Development and Residential Properties Portfolio Characteristics                (as of June 30, 2024) Office Building Multi-family Shopping Centers Hotels Other Investment Properties Warehouse Residential Properties(1) Development & Land Balance (in millions) $1,802 $4,288 $1,299 $1,802 $1,271 $865 $553 $335 Weighted Average LTV(2) 54.0% 52.5% 55.2% 56.1% 48.8% 54.4% N/A N/A NPL Ratio 0.41% 0.04% 0.04% 0.00% 0.14% 0.02% 0.55% 0.27% Net Charge-off Ratio (annualized) 0.00% 0.00% 0.04% (0.03)% 0.00% 0.00% (0.03)% (0.17)% 30+ Days Past Due Ratio 4.25% 0.00% 0.00% 0.00% 0.15% 0.00% 0.23% 0.57% 90+ Days Past Due Ratio 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% Investment Properties portfolio represent 93% of total CRE portfolio ◦ The portfolio is well diversified among property types CRE Credit Quality ◦ 0.13% NPL Ratio ◦ (0.01)% Net Charge-Off Ratio (annualized) ◦ 0.67% 30+ Day Past Due Ratio ◦ 0.00% 90+ Day Past Due Ratio ◦ Office Building 30+ Days Past Due Ratio includes 2.04% attributable to one office loan that is no longer 30+ days past due as of July 17 Amounts may not total due to rounding; (1) Includes 1-4 Family Construction and 1-4 Family Perm/Mini-Perm (primarily rental homes); (2) LTV calculated by dividing most recent appraisal (typically at origination) on non-construction component of portfolio by the 6/30/24 commitment amount and any senior lien 35.1% 14.8% 14.8% 10.6% 10.4% 7.1% 3.1% 2.7% 1.4% Multi-Family Office Building Hotels Shopping Center Other Investment Properties Warehouses 1-4 Family Perm/Mini-Perm Land Acquisition & Dev. 1-4 Family Construction

21 46% 20% 23% 11% Basic Suburban CBD/Core Suburban MDD Suburban LDD $257 $232 $186 $165 $143 $79 $73 $60 $53 $46 Atlanta, GA Miami-Ft. Lauderdale Charleston, SC Charlotte, NC Tampa, FL Orlando, FL Jacksonville, FL Birmingham, AL Virginia Beach, VA Naples, FL 62% 31% 7% Class A Class B Class C 48% 46% 6% Low-Rise Mid-Rise High-Rise 21% 79% Medical Office Non-Medical Office Collateral Type Property Subtype Asset Class Location Segment $72 $136 $70 $81 $111 $25 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Top 10 MSAs by Note Current Balance + Unfunded Commitment, with Weighted Average LTV 54.0%(1) ($ in millions) $1.9 Billion Note Current Balance of $1.8B + Unfunded Commitment of $89MM 0.41% NPL Ratio 0.00% 1Q24 NCO Ratio 54.0% Weighted Average LTV 0.00% 90 DPD Ratio Office Loan Portfolio 230 # Loans 268 # Properties Note: Key metrics above represent loans > $1 million and include total commitments, except for portfolio balance, unfunded commitment, and credit ratios; Sub MDD = Suburban Medical Demand Driver; Sub LDD = Suburban Large Demand; (1) LTV calculated by dividing most recent appraisal (typically at origination) on non-construction component of portfolio by the 6/30/24 commitment amount and any senior lien ($ in millions) 53.1% 52.6% 49.7% 59.2% 46.9% 42.7% 62.3% 53.1% 47.7% 46.3% Maturity 28.3% Matures in both 2024 & 2025 $6.7 Million Average Loan Size

22 32% 25% 43% Construction Lease-Up Stabilized $458 $422 $410 $334 $251 $209 $169 $167 $153 $150 Orlando, FL Atlanta, GA Miami-Ft. Lauderdale Tampa, FL Nashville, TN Jacksonville, FL Greenville, SC Charlotte, NC Columbus, GA Palm Bay, FL 86% 11% 2% Class A Class B Class C 4% 45% 48% 3% Build-to-Rent Garden Mid-Rise High-Rise 79% 10% 11% Multifamily Student Housing Low-Income Housing Tax Credit Collateral Type Property Subtype Asset Class Project Status Maturity 52.5% Matures in 2024 & 2025 $228 $385 $429 $577 $404 $645 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Multi-Family Loan Portfolio Top 10 MSAs by Note Current Balance + Unfunded Commitment, with Weighted Average LTV 52.5%(1) ($ in millions) Note: Key metrics above represent loans > $1 million and include total commitments, except for portfolio balance, unfunded commitment, and credit ratios; (1) LTV calculated by dividing most recent appraisal (typically at origination) on non- construction component of portfolio by the 6/30/24 commitment amount and any senior lien ($ in millions) 50.6% 45.8% 53.0% 51.0% 43.1% 50.9% 47.9% 53.3% 49.2% 52.9% $5.1 Billion Note Current Balance of $4.3B + Unfunded Commitment of $802MM 0.04% NPL Ratio 0.00% 1Q24 NCO Ratio 0.00% 90 DPD Ratio 247 # Loans 254 # Properties 52.5% Weighted Average LTV $20.0 Million Average Loan Size

23 Credit Indicator 2Q24 NPL Ratio 0.83% Net Charge-off Ratio (annualized) 0.24% 30+ Days Past Due Ratio 0.37% 90+ Days Past Due Ratio 0.02% Total Consumer Portfolio $8.3 billion Credit Indicator Home Equity Mortgage Weighted Average Credit Score of 2Q24 Originations 795 769 Weighted Average Credit Score of Total Portfolio 796 782 Weighted Average LTV(1) 72.9% 70.8% Average DTI(2) 33.7% 30.9% Utilization Rate 38.1% N/A 64.4% 21.7% 7.6% 4.1% 2.1% Consumer Mortgage Home Equity Third-Party HFI Other Consumer Credit Card Amounts may not total due to rounding; (1) LTV is calculated by dividing the most recent appraisal value (typically at origination) by the sum of the 6/30/2024 commitment amount and any existing senior lien; (2) Average DTI of 2Q24 originations Consumer Credit Quality • ~86% of Consumer portfolio is backed by residential real estate • Other Consumer includes secured and unsecured products • Average consumer card utilization rate is 22.3% • Third party HFI portfolio $641 million Consumer Loan Portfolio

24 Risk Distribution ($ in millions) Composition Change Risk Category 2Q24 1Q24 2Q24 vs. 1Q24 Passing Grades $41,504 $41,676 $(172) Special Mention 639 653 $(14) Substandard Accruing 695 631 $64 Non-Performing Loans 256 350 $(94) Total Loans $43,093 $43,310 $(217) Amounts may not total due to rounding $1,222 $1,028 $1,032 $914 $929 $942 $1,086 $1,333 $1,484 $1,527 $1,634 $1,590 3.2% 2.6% 2.6% 2.2% 2.2% 2.2% 2.5% 3.0% 3.4% 3.5% 3.8% 3.7% Criticized and Classified Loans % of Total Loans 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Portfolio Risk DistributionCriticized & Classified Loans

25 $4,100 $3,350 $3,350 $3,350 $2,850 $2,600 $2,100 $2,100 $250 $500 $500 $500 $500 $500 2.37% 2.68% 2.78% 2.98% 3.16% 3.38% 3.60% 3.60% Notional Forward Starting Effective Rate 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 63% 62% 62% 62% 62% 37% 38% 38% 38% 38% 6.17% 6.34% 6.45% 6.49% 6.59% Floating Rate Fixed Rate Yield 2Q23 3Q23 4Q23 1Q24 2Q24 Note: Amounts may not total due to rounding; (1) Represents projected notional outstanding for effective cash-flow loan hedges, along with the estimated effective fixed-rate for the respective period; (2) NII sensitivity estimates reflect a dynamic balance sheet; beta sensitivity estimates represent approximations, based on total deposit cost betas Derivative Hedge Portfolio(1)Loan Portfolio Rate Mix and Yield Earning Assets Composition ($ in millions) 12-Month Net Interest Income Sensitivity: Rates & Betas(2) Parallel Shock % NII Impact +100bps 1.4% -100bps (1.5)% +100 Shock % NII Impact ~35 Beta 4.2% ~45 Beta 1.4% ~55 Beta (1.3)%

26 Securities Portfolio $11,174 $11,175 $11,091 $11,153 $10,240 $7,572 $2,668 2.16% 2.20% 2.33% 2.58% 3.04% AFS HTM Yield 2Q23 3Q23 4Q23 1Q24 2Q24 Securities Portfolio(1) ($ in millions) Securities & Cash Flow Hedges: Estimated Unrealized Loss in AOCI (After-Tax)(2) ($ in billions) $1.1 $0.9 $0.7 $0.4 $0.4 $0.3 $0.5 $0.5 $0.4 AFS AOCI HTM AOCI Swap AOCI 2Q24 2Q25E 2Q26E Note: Amounts may not total due to rounding; (1) Amortized cost; decline of approx. -$700MM in 2Q24 due to transfer cost associated with HTM reclassification on 4/1/24 (2) AOCI unrealized loss projections are based on the forward interest rate curve as of 6/30/24 and incorporate various assumptions, including those related to prepayments and tax rates Securities Portfolio Composition Agency MBS - AFS 37% Agency CMO 6% Agency CMBS 19% US Treasury 11% Other 0% Agency MBS - HTM 26%

27 Impact Securities Repositioning $1.6B of MBS (book value) Realized Loss: $257MM Book Yield: 1.4% Average Risk Weighting: 20% $1.5B of Treasuries, MBS, CMBS Book Yield: 5.0% Average Risk Weighting: 6% 5-year Payback Period Repositioning of AFS Securities in 2Q24 2Q24 NII Benefit: ~$6MM Annualized Benefit: ~$48MM Improved Risk Profile Reduced Risk Weight Securities Purchased Securities Sold

28 1Q24 2Q24 June 2024 ($ in millions; rates annualized) Avg. Balance Avg. Rate Avg. Balance Avg. Rate Avg. Rate Non-interest-bearing $12,072 N/A $12,099 N/A N/A Interest-bearing non-maturity (NMD) $24,474 2.77% $24,443 2.77% 2.80% Time $7,903 4.40% $8,383 4.48% 4.47% Brokered $5,737 5.42% $5,483 5.42% 5.43% Total interest-bearing $38,114 3.51% $38,309 3.53% 3.54% Total deposits $50,186 2.67% $50,408 2.68% 2.71% Total Average Deposit Costs

29 2Q23 3Q23 4Q23 1Q24 2Q24 Financial Performance Diluted EPS $1.13 $0.60 $0.41 $0.78 $(0.16) Net interest margin 3.20% 3.11% 3.11% 3.04% 3.20% Efficiency ratio-TE 53.99% 64.11% 72.03% 59.87% 98.15% Adjusted tangible efficiency ratio(1) 52.57% 55.01% 61.97% 58.88% 53.05% ROAA(2) 1.15% 0.64% 0.47% 0.85% (0.10)% Adjusted ROAA(1)(2) 1.18% 0.87% 0.84% 0.85% 1.21% Balance Sheet QoQ Growth Total loans 1% (2)% (1)% —% —% Total deposits —% —% 1% —% (1)% Credit Quality NPA ratio 0.59% 0.64% 0.66% 0.86% 0.60% NCO ratio(2) 0.24% 0.61% 0.38% 0.41% 0.32% Capital Common shares outstanding(3) 146,153 146,205 146,705 146,418 144,150 Leverage ratio 9.23% 9.38% 9.49% 9.62% 9.44% Tangible common equity ratio(1) 6.17% 5.90% 6.84% 6.67% 6.76% Amounts may not total due to rounding; (1) Non-GAAP financial measure; see applicable reconciliation; (2) Annualized; (3) In thousands; (4) Preliminary (4) Quarterly Highlights Trend

30 ($ in thousands, except per share data) 2Q23 1Q24 2Q24 Net income (loss) available to common shareholders $165,819 $114,822 $(23,741) Investment securities losses (gains), net — — 256,660 Loss (gain) on other loans held for sale 2,360 — — Restructuring charges (reversals) (110) 1,524 (658) (Gain) loss on early extinguishment of debt (377) — — Valuation adjustment to Visa derivative 3,027 — — Tax effect of adjustments(1) (1,193) (373) (62,644) Adjusted net income available to common shareholders $169,526 $115,973 $169,617 Weighted average common shares outstanding, diluted 146,550 147,122 145,565 Net income (loss) per common share, diluted $1.13 $0.78 $(0.16) Adjusted net income per common share, diluted $1.16 $0.79 $1.16 Amounts may not total due to rounding; (1) An assumed marginal tax rate of 24.3% for 1Q23 and 24.5% for 4Q23 and 1Q24 was applied; (2) Diluted shares of 146,034 (in thousands) used to calculate 2Q24 adjusted EPS Non-GAAP Financial Measures (2)

31 ($ in thousands) 2Q23 3Q23 4Q23 1Q24 2Q24 Net income (loss) $173,944 $96,465 $69,573 $124,070 $(14,680) Loss (gain) on other loans held for sale 2,360 30,954 — — — Restructuring charges (reversals) (110) 17,319 1,231 1,524 (658) Gain on sale of GLOBALT — (1,929) — — — Valuation adjustment to Visa derivative 3,027 900 — — — Gain (loss) on early extinguishment of debt (377) (526) (4,497) — — Investment securities losses (gains), net — — 77,748 — 256,660 Tax effect of adjustments(1) (1,193) (11,371) (18,226) (373) (62,644) Adjusted net income $177,651 $131,812 $125,829 $125,221 $178,678 Net income (loss) annualized $697,687 $382,714 $276,023 $499,007 $(59,043) Adjusted net income annualized $712,556 $522,950 $499,213 $503,636 $718,639 Total average assets $60,515,077 $59,916,679 $59,164,065 $59,022,231 $59,246,849 Return on average assets (annualized) 1.15% 0.64% 0.47% 0.85% (0.10)% Adjusted return on average assets (annualized) 1.18% 0.87% 0.84% 0.85% 1.21% Amounts may not total due to rounding; (1) An assumed marginal tax rate of 24.3% for 1Q23, 2Q23, and 3Q23 and 24.5% for 4Q23 and 1Q24 was applied Non-GAAP Financial Measures, Continued

32 ($ in thousands) 2Q23 1Q24 2Q24 Net income (loss) available to common shareholders $165,819 $114,822 $(23,741) Loss (gain) on other loans held for sale 2,360 — — Restructuring charges (reversals) (110) 1,524 (658) Valuation adjustment to Visa derivative 3,027 — — Gain (loss) on early extinguishment of debt (377) — — Investment securities losses (gains), net — — 256,660 Tax effect of adjustments(1) (1,193) (373) (62,644) Adjusted net income available to common shareholders $169,526 $115,973 $169,617 Adjusted net income available to common shareholders annualized $679,967 $466,441 $682,196 Amortization of intangibles, tax effected, annualized 7,344 8,831 8,831 Adjusted net income available to common shareholders excluding amortization of intangibles annualized $687,311 $475,272 $691,027 Net income (loss) available to common shareholders annualized $665,098 $461,812 $(95,486) Amortization of intangibles, tax effected, annualized 7,344 8,831 8,831 Net income (loss) available to common shareholders excluding amortization of intangibles annualized $672,442 $470,643 $(86,655) Total average Synovus Financial Corp. shareholders' equity less preferred stock $4,303,722 $4,542,616 $4,455,198 Average goodwill (460,118) (480,440) (480,902) Average other intangible assets, net (36,738) (44,497) (41,547) Total average Synovus Financial Corp. tangible shareholders' equity less preferred stock $3,806,866 $4,017,679 $3,932,749 Return on average common equity (annualized) 15.5% 10.2% (2.1)% Adjusted return on average common equity (annualized) 15.8% 10.3% 15.3% Return on average tangible common equity (annualized) 17.7% 11.7% (2.2)% Adjusted return on average tangible common equity (annualized) 18.1% 11.8% 17.6% Non-GAAP Financial Measures, Continued Amounts may not total due to rounding; (1) An assumed marginal tax rate of 24.3% for 1Q23 and 24.5% for 4Q23 and 1Q24 was applied

33 Non-GAAP Financial Measures, Continued ($ in thousands) 2Q23 3Q23 4Q23 1Q24 2Q24 Total non-interest revenue $112,276 $107,139 $51,468 $118,888 $(128,851) Gain on sale of GLOBALT — (1,929) — — — Investment securities (gains) losses, net — — 77,748 — 256,660 Fair value adjustment on non-qualified deferred compensation (1,598) 1,035 (3,053) (2,299) (561) Adjusted non-interest revenue $110,678 $106,245 $126,163 $116,589 $127,248 Total non-interest expense $307,181 $353,532 $352,858 $322,741 $301,801 Loss on other loans held for sale (2,360) (30,954) — — — Restructuring (charges) reversals 110 (17,319) (1,231) (1,524) 658 Fair value adjustment on non-qualified deferred compensation (1,598) 1,035 (3,053) (2,299) (561) Valuation adjustment to Visa derivative (3,027) (900) — — — Gain (loss) on early extinguishment of debt 377 526 4,497 — — Adjusted non-interest expense $300,683 $305,920 $353,071 $318,918 $301,898 Amounts may not total due to rounding

34 ($ in thousands) 2Q23 3Q23 4Q23 1Q24 2Q24 Adjusted non-interest expense $300,683 $305,920 $353,071 $318,918 $301,898 Amortization of intangibles (2,420) (3,042) (3,168) (2,907) (2,907) Adjusted tangible non-interest expense $298,263 $302,878 $349,903 $316,011 $298,991 Net interest income $455,531 $443,159 $437,214 $418,846 $434,998 Total non-interest revenue 112,276 107,139 51,468 118,888 (128,851) Total revenue 567,807 550,298 488,682 537,734 306,147 Net interest income $455,531 $443,159 $437,214 $418,846 $434,998 Tax equivalent adjustment 1,138 1,148 1,216 1,310 1,351 Net interest income TE $456,669 $444,307 $438,430 $420,156 $436,349 Total non-interest revenue 112,276 107,139 51,468 118,888 (128,851) Total TE revenue 568,945 551,446 489,898 539,044 307,498 Investment securities losses (gains), net — — 77,748 — 256,660 Gain on sale of GLOBALT — (1,929) — — — Fair value adjustment on non-qualified deferred compensation (1,598) 1,035 (3,053) (2,299) (561) Adjusted revenue $567,347 $550,552 $564,593 $536,745 $563,597 Efficiency ratio-TE 54.0% 64.1% 72.0% 59.9% 98.1% Adjusted tangible efficiency ratio 52.6% 55.0% 62.0% 58.9% 53.1% Non-GAAP Financial Measures, Continued Amounts may not total due to rounding

35 Non-GAAP Financial Measures, Continued Amounts may not total due to rounding ($ in thousands) 2Q23 1Q24 2Q24 Net interest income $455,531 $418,846 $434,998 Total non-interest revenue 112,276 118,888 (128,851) Total non-interest expense (307,181) (322,741) (301,801) Pre-provision net revenue (PPNR) $260,626 $214,993 $4,346 Net interest income $455,531 $418,846 $434,998 Total non-interest revenue 112,276 118,888 (128,851) Total revenue $567,807 $537,734 $306,147 Tax equivalent adjustment 1,138 1,310 1,351 Total TE revenue 568,945 539,044 307,498 Investment securities losses (gains), net — — 256,660 Fair value adjustment on non-qualified deferred compensation (1,598) (2,299) (561) Adjusted revenue $567,347 $536,745 $563,597 Total non-interest expense $307,181 $322,741 $301,801 Loss on other loans held for sale (2,360) — — Restructuring (charges) reversals 110 (1,524) 658 Fair value adjustment on non-qualified deferred compensation (1,598) (2,299) (561) Valuation adjustment to Visa derivative (3,027) — — Gain (loss) on early extinguishment of debt 377 — — Adjusted non-interest expense $300,683 $318,918 $301,898 Adjusted revenue $567,347 $536,745 $563,597 Adjusted non-interest expense (300,683) (318,918) (301,898) Adjusted PPNR $266,664 $217,827 $261,699 Non-G P Financial Mea ures, Continued

36 ($ in thousands) 2Q23 3Q23 4Q23 1Q24 2Q24 Total assets $60,655,591 $59,342,930 $59,809,534 $59,835,120 $59,606,343 Goodwill (475,573) (479,851) (480,440) (480,440) (480,440) Other intangible assets, net (61,538) (49,096) (45,928) (43,021) (40,114) Tangible assets $60,118,480 $58,813,983 $59,283,166 $59,311,659 $59,085,789 Total Synovus Financial Corp. shareholders’ equity $4,782,528 $4,536,958 $5,119,993 $5,017,918 $5,053,606 Goodwill (475,573) (479,851) (480,440) (480,440) (480,440) Other intangible assets, net (61,538) (49,096) (45,928) (43,021) (40,114) Preferred Stock, no par value (537,145) (537,145) (537,145) (537,145) (537,145) Tangible common equity $3,708,272 $3,470,866 $4,056,480 $3,957,312 $3,995,907 Total Synovus Financial Corp. shareholders’ equity to total assets ratio 7.88% 7.65% 8.56% 8.39% 8.48% Tangible common equity ratio 6.17% 5.90% 6.84% 6.67% 6.76% Non-GAAP Financial Measures, Continued Amounts may not total due to rounding

XML

Cover Page	Jul. 17, 2024
Entity Information [Line Items]
Document Type	8-K
Document Period End Date	Jul. 17, 2024
Entity Registrant Name	Synovus Financial Corp
Entity Incorporation, State or Country Code	GA
Entity File Number	1-10312
Entity Tax Identification Number	58-1134883
Entity Address, Address Line One	1111 Bay Avenue
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Columbus
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	31901
City Area Code	706
Local Phone Number	641-6500
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000018349
Amendment Flag	false
Common Stock, $1.00 Par Value
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $1.00 Par Value
Trading Symbol	SNV
Security Exchange Name	NYSE
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D
Entity Information [Line Items]
Title of 12(b) Security	Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D
Trading Symbol	SNV-PrD
Security Exchange Name	NYSE
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
Entity Information [Line Items]
Title of 12(b) Security	Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
Trading Symbol	SNV-PrE
Security Exchange Name	NYSE