EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Nine Months Ended September 30, 2014			Years Ended December 31,
(dollars in thousands)				2013	2012	2011		2010		2009
Ratio 1 – Including interest on deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	223,631		252,628	31,477	(59,532	)	(849,170	)	(1,605,908	)
Fixed charges excluding preferred stock dividends and accretion	87,878			126,379	158,225	225,938		342,675		506,873
Total	$	311,509		379,007	189,702	166,406		(506,495	)	(1,099,035	)
Fixed charges:
Interest on deposits	41,246			64,392	95,749	173,885		288,327		456,247
Interest on short-term borrowings	186			324	614	1,063		1,921		3,841
Interest on long-term debt	40,728			54,106	53,659	42,654		44,000		38,791
Portion of rents representative of the interest factor (1/3) of expense	5,718			7,557	8,203	8,336		8,426		7,994
Preferred stock dividends and accretion	7,678			40,830	58,703	58,088		57,510		56,966
Total fixed charges including preferred stock dividends and accretion	$	95,556		167,209	216,928	284,026		400,184		563,839
Ratio of earnings to fixed charges	3.26		x	2.27x	0.87x	0.59x		nm		nm
Ratio 2 – Excluding interest on deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	223,631		252,628	31,477	(59,532	)	(849,170	)	(1,605,908	)
Fixed charges excluding preferred stock dividends and accretion	46,632			61,987	62,475	52,053		54,347		50,626
Total	$	270,263		314,615	93,952	(7,479	)	(794,823	)	(1,555,282	)
Fixed charges:
Interest on short-term borrowings	186			324	614	1,063		1,921		3,841
Interest on long-term debt	40,728			54,106	53,659	42,654		44,000		38,791
Portion of rents representative of the interest factor (1/3) of expense	5,718			7,557	8,203	8,337		8,426		7,994
Preferred stock dividends and accretion	7,678			40,830	58,703	58,088		57,510		56,966
Total fixed charges including preferred stock dividends and accretion	$	54,310		102,817	121,179	110,142		111,857		107,592
Ratio of earnings to fixed charges	4.98		x	3.06x	0.78x	nm		nm		nm