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

December 17, 2007
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) 649-2267

(Registrant’s telephone number, including area code)

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

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

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

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

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

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

Item 7.01	Regulation FD Disclosure.
	On December 17, 2007, Synovus Financial Corp. (“Registrant”) issued a press release in which it provides an update on the impact of the credit environment on Synovus and an update of its earnings guidance for the year ended December 31, 2007. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. This information shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference into any document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934 except as shall be expressly set forth by specific reference in such filing.
Item 9.01	Financial Statements and Exhibits.
	(d) Exhibits

Exhibit No.	Description
99.1	Registrant’s press release dated December 17, 2007

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

	SYNOVUS FINANCIAL CORP. (“Registrant”)
Dated: December 17, 2007	By:	/s/Kathy Moates
		Kathleen Moates
		Senior Deputy General Counsel

EX-99.1

Exhibit 99.1

For Immediate Release

Contact:	Pat Reynolds	Greg Hudgison
	Investor Relations	External Communications Manager
	(706) 649-4973	(706) 644-0528

Synovus Announces Update on Credit Environment and 2007 Earnings

December 17, 2007, Columbus, GA — Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, today announced an updated credit outlook. Based upon continued deterioration in the housing sector, Synovus’ key credit indicators are expected to show continued negative pressure during the fourth quarter of 2007. The resulting required additional loan loss provision expense is expected to cause Synovus to report earnings below its previously issued guidance of approximately $1.83 per share, excluding TSYS spin-related costs.

“Based on information available to us at this point in the quarter, we believe that the fourth quarter will reflect a higher level of negative credit migration within our risk grades, a higher level of charge-offs than previously indicated and continued growth of non-performing assets,” stated Richard Anthony, Chairman and Chief Executive Officer of Synovus. “These factors are expected to increase Synovus’ provision for loan losses to a higher level in the fourth quarter than previously internally estimated; however, we believe it will approximate the provision expense for the third quarter based upon current information.” Anthony continued, “The majority of the increase in credit costs is related to the Atlanta housing portfolio and the West Florida markets including the Panhandle.”

About Synovus

Synovus (NYSE: “SNV”) is a financial services holding company with $34 billion in assets based in Columbus, Georgia. Synovus provides commercial and retail banking, as well as investment services, to customers through 37 banks, 440 ATMs, and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: “TSS”), one of the world’s largest companies for outsourced payment services. The company focuses on its unique decentralized customer delivery model, position in high-growth Southeast markets and commitment to being a great place to work to ensure the delivery of unparalleled customer experiences. Synovus has been named one of “The 100 Best Companies to Work For” in America by FORTUNE magazine, and has been recognized in its Hall of Fame for consecutive appearances on the list since its inception in 1998. See Synovus on the Web at www.synovus.com.

Forward-Looking and Cautionary Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding the expected impact of the continued deterioration in the credit environment on Synovus and its earnings guidance, including statements regarding credit quality trends, and other statements identified by words or phrases such as “potential,” “opportunity,” “believe,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “assume,” “outlook,” “continue,” “seek,” “plans,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions. These statements are based on the current beliefs and expectations of our management and are subject to significant risks and uncertainties. A number of important factors could cause actual results to differ materially from those contemplated by our forward-looking statements in this press release. Many of these factors are beyond our ability to control or predict. These factors include, but are not limited to, those found in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise.