EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Nine Months Ended September 30, 2012	Years Ended December 31,
(dollars in thousands)		2011		2010		2009		2008		2007
Ratio 1 – including interest on deposits
Earnings:
(Loss) income from continuing operations before income taxes	103,715	(59,532	)	(849,170	)	(1,605,908	)	(660,806	)	520,035
Fixed charges	123,666	226,987		342,674		506,873		787,227		1,095,972
Total	227,381	167,455		(506,496	)	(1,099,035	)	126,421		1,616,007
Fixed charges:
Interest on deposits	77,529	173,885		288,327		456,247		667,453		912,472
Interest on short-term borrowings	505	1,063		1,921		3,841		38,577		92,970
Interest on long-term debt	39,445	42,654		44,000		38,791		73,657		84,014
Portion of rents representative of the interest factor (1/3) of expense	6,187	9,385		8,426		7,994		7,540		6,516
Total fixed charges	123,666	226,987		342,674		506,873		787,227		1,095,972
Ratio of earnings to fixed charges	1.84x	0.74x		(1.48x)		(2.17x)		0.16x		1.47x
Ratio 1 – Excluding interest on deposits
Earnings:
(Loss) income from continuing operations before income taxes	103,715	(59,532	)	(849,170	)	(1,605,908	)	(660,806	)	520,035
Fixed charges	46,137	53,102		54,347		50,626		119,774		183,500
Total	149,852	(6,430	)	(794,823	)	(1,555,282	)	(541,032	)	703,535
Fixed charges:
Interest on short-term borrowings	505	1,063		1,921		3,841		38,577		92,970
Interest on long-term debt	39,445	42,654		44,000		38,791		73,657		84,014
Portion of rents representative of the interest factor (1/3) of expense	6,187	9,385		8,426		7,994		7,540		6,516
Total fixed charges	46,137	53,102		54,347		50,626		119,774		183,500
Ratio of earnings to fixed charges	3.25x	(0.12x)		(14.62x)		(30.72x)		(4.52x)		3.83x