Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - SYNOVUS FINANCIAL CORP | snv-09302018xex312.htm |
| EX-32 - EXHIBIT 32 - SYNOVUS FINANCIAL CORP | snv-09302018xex32.htm |
| EX-31.1 - EXHIBIT 31.1 - SYNOVUS FINANCIAL CORP | snv-09302018xex311.htm |
| 10-Q - 10-Q - SYNOVUS FINANCIAL CORP | snv-09302018x10q.htm |
EXHIBIT 12.1
SYNOVUS FINANCIAL CORP.
RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30, 2018 | Years Ended December 31, | |||||||||||||||||||||||
(dollars in thousands) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Ratio 1 – Including interest on deposits | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income before income taxes | $ | 403,502 | $ | 480,138 | $ | 388,450 | $ | 358,573 | $ | 302,559 | $ | 252,628 | ||||||||||||
Fixed charges excluding preferred stock dividends and accretion | 142,762 | 146,511 | 130,745 | 126,355 | 117,001 | 126,379 | ||||||||||||||||||
Total | $ | 546,264 | $ | 626,649 | $ | 519,195 | $ | 484,928 | $ | 419,560 | $ | 379,007 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest on deposits | $ | 98,195 | $ | 81,325 | $ | 64,206 | $ | 65,534 | $ | 55,179 | $ | 64,392 | ||||||||||||
Interest on short-term borrowings | 2,744 | 950 | 501 | 168 | 220 | 324 | ||||||||||||||||||
Interest on long-term debt | 35,492 | 56,913 | 58,916 | 52,942 | 54,009 | 54,106 | ||||||||||||||||||
Portion of rents representative of the interest factor (1/3) of expense | 6,331 | 7,323 | 7,121 | 7,711 | 7,593 | 7,557 | ||||||||||||||||||
Preferred stock dividends and accretion | 14,848 | 10,238 | 10,238 | 10,238 | 10,238 | 40,830 | ||||||||||||||||||
Total fixed charges including preferred stock dividends and accretion | $ | 157,610 | $ | 156,749 | $ | 140,982 | $ | 136,593 | $ | 127,239 | $ | 167,209 | ||||||||||||
Ratio of earnings to fixed charges | 3.47 | x | 4.00 | x | 3.68 | x | 3.55 | x | 3.30 | x | 2.27x | |||||||||||||
Ratio 2 – Excluding interest on deposits | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income before income taxes | $ | 403,502 | $ | 480,138 | $ | 388,450 | $ | 358,573 | $ | 302,559 | $ | 252,628 | ||||||||||||
Fixed charges excluding preferred stock dividends and accretion | 44,567 | 65,186 | 66,539 | 60,821 | 61,822 | 61,987 | ||||||||||||||||||
Total | $ | 448,069 | $ | 545,324 | $ | 454,989 | $ | 419,394 | $ | 364,381 | $ | 314,615 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest on short-term borrowings | $ | 2,744 | $ | 950 | $ | 501 | $ | 168 | $ | 220 | $ | 324 | ||||||||||||
Interest on long-term debt | 35,492 | 56,913 | 58,916 | 52,942 | 54,009 | 54,106 | ||||||||||||||||||
Portion of rents representative of the interest factor (1/3) of expense | 6,331 | 7,323 | 7,121 | 7,711 | 7,593 | 7,557 | ||||||||||||||||||
Preferred stock dividends and accretion | 14,848 | 10,238 | 10,238 | 10,238 | 10,238 | 40,830 | ||||||||||||||||||
Total fixed charges including preferred stock dividends and accretion | $ | 59,415 | $ | 75,424 | $ | 76,776 | $ | 71,059 | $ | 72,060 | $ | 102,817 | ||||||||||||
Ratio of earnings to fixed charges | 7.54 | x | 7.23 | x | 5.93 | x | 5.90 | x | 5.06 | x | 3.06x | |||||||||||||