EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Years Ended December 31,
(dollars in thousands)	2012	2011		2010		2009		2008
Ratio 1 – Including Interest on Deposits
Earnings:
(Loss) income from continuing operations before income taxes	31,477	(59,532	)	(849,170	)	(1,605,908	)	(660,806	)
Fixed charges	158,224	226,987		342,674		506,873		787,227
Total	189,701	167,455		(506,496	)	(1,099,035	)	126,421
Fixed Charges:
Interest on deposits	95,749	173,885		288,327		456,247		667,453
Interest on short-term borrowings	614	1,063		1,921		3,841		38,577
Interest on long-term debt	53,659	42,654		44,000		38,791		73,657
Portion of rents representative of the interest factor (1/3) of expense	8,202	9,385		8,426		7,994		7,540
Total fixed charges	158,224	226,987		342,674		506,873		787,227
Ratio of earnings to fixed charges	1.20x	0.74x		(1.48x)		(2.17x)		0.16x
Ratio 1 – Excluding Interest on Deposits
Earnings:
(Loss) income from continuing operations before income taxes	31,477	(59,532	)	(849,170	)	(1,605,908	)	(660,806	)
Fixed charges	62,475	53,102		54,347		50,626		119,774
Total	93,952	(6,430	)	(794,823	)	(1,555,282	)	(541,032	)
Fixed Charges:
Interest on short-term borrowings	614	1,063		1,921		3,841		38,577
Interest on long-term debt	53,659	42,654		44,000		38,791		73,657
Portion of rents representative of the interest factor (1/3) of expense	8,202	9,385		8,426		7,994		7,540
Total fixed charges	62,475	53,102		54,347		50,626		119,774
Ratio of earnings to fixed charges	1.50x	(0.12x)		(14.62x)		(30.72x)		(4.52x)