Synovus Financial (SNV) 8-K Synovus Reports 9.1% Increase in Net Income for First Quarter 2007

Exhibit 99.2

Synovus													4 of 9
	INCOME STATEMENT
	(In thousands, except per share data)		2007		2006								1st Quarter
			First		Fourth		Third		Second		First		'07 vs. '06
			Quarter		Quarter		Quarter		Quarter		Quarter		Change
	Interest Income (Taxable Equivalent)	$	549,253		547,088		535,038		499,191		440,977		24.6	%
	Interest Expense		261,637		253,998		241,027		210,510		177,057		47.8
	Net Interest Income (Taxable Equivalent)		287,616		293,090		294,011		288,681		263,920		9.0
	Tax Equivalent Adjustment		1,354		1,458		1,409		1,478		1,484		(8.8)
	Net Interest Income		286,262		291,632		292,602		287,203		262,436		9.1
	Provision for Loan Losses		20,515		18,675		18,390		18,534		19,549		4.9
	Net Interest Income After Provision		265,747		272,957		274,212		268,669		242,887		9.4
	Non-Interest Income:
	Electronic Payment Processing Services		228,742		302,370		231,753		231,274		220,472		3.8
	Merchant Acquiring Services		60,680		64,957		65,548		65,820		63,949		(5.1)
	Other Transaction Processing Services Revenue		53,123		51,634		44,813		45,001		44,946		18.2
	Service Charges on Deposits		26,370		28,136		29,292		28,800		26,189		0.7
	Fiduciary and Asset Management Fees		12,262		12,710		11,868		11,509		11,713		4.7
	Brokerage and Investment Banking Revenue		7,449		6,721		6,502		6,559		6,947		7.2
	Mortgage Banking Income		7,226		6,837		8,440		8,105		5,873		23.0
	Bankcard Fees		11,880		11,218		11,438		11,093		10,554		12.6
	Securities Gains (Losses)		447		-		(982)		(1,062)		(73)		nm
	Other Fee Income		9,427		9,079		10,024		10,357		9,283		1.6
	Other Non-Interest Income		10,726		21,707		10,057		10,915		9,522		12.6
	Non-Interest Income before Reimbursable Items		428,332		515,369		428,753		428,371		409,375		4.6
	Reimbursable Items		85,727		83,894		99,187		86,138		82,500		3.9
	Total Non-Interest Income		514,059		599,263		527,940		514,509		491,875		4.5
	Non-Interest Expense:
	Personnel Expense		254,953		256,691		256,220		233,847		227,758		11.9
	Occupancy & Equipment Expense		92,914		116,470		100,504		99,495		97,700		(4.9)
	Other Non-Interest Expense		98,557		115,755		98,995		109,690		105,836		(6.9)
	Non-Interest Expense before Reimbursable Items		446,424		488,916		455,719		443,032		431,294		3.5
	Reimbursable Items		85,727		83,894		99,187		86,138		82,500		3.9
	Total Non-Interest Expense		532,151		572,810		554,905		529,170		513,794		3.6
	Minority Interest in Consolidated Subsidiaries		11,278		16,790		10,406		11,165		9,740		15.8
	Income Before Taxes		236,377		282,620		236,840		242,843		211,228		11.9
	Income Tax Expense		89,624		107,073		82,774		90,046		76,722		16.8
	Net Income	$	146,753		175,547		154,066		152,797		134,506		9.1
	Basic Earnings Per Share	$	0.45		0.54		0.48		0.47		0.43		5.1
	Diluted Earnings Per Share		0.45		0.54		0.47		0.47		0.43		4.7
	Dividends Declared Per Share		0.21		0.20		0.20		0.20		0.20		5.1
	Return on Assets*		1.86	%	2.22	%	2.00	%	2.07	%	1.96	%	(10)	bp
	Return on Equity*		15.94		19.03		17.63		18.45		17.88		(194)
	Average Shares Outstanding - Basic		325,687		324,555		323,657		322,783		313,639		3.8	%
	Average Shares Outstanding - Diluted		329,573		328,122		326,834		325,421		316,208		4.2
bp - change is measured as difference in basis points.
nm - not meaningful
*ratios are annualized

Synovus													5 of 9
Financial Services Segment
	INCOME STATEMENT
	(In thousands)		2007		2006								1st Quarter
			First		Fourth		Third		Second		First		'07 vs. '06
			Quarter		Quarter		Quarter		Quarter		Quarter		Change
	Interest Income (Taxable Equivalent)	$	549,243		547,079		535,025		499,184		440,969		24.6	%
	Interest Expense		264,950		256,760		242,875		212,499		178,544		48.4
	Net Interest Income (Taxable Equivalent)		284,293		290,319		292,150		286,685		262,425		8.3
	Tax Equivalent Adjustment		1,344		1,448		1,395		1,471		1,476		(9.0)
	Net Interest Income		282,949		288,871		290,755		285,214		260,949		8.4
	Provision for Loan Losses		20,515		18,675		18,390		18,534		19,549		4.9
	Net Interest Income After Provision		262,434		270,196		272,365		266,680		241,400		8.7
	Non-Interest Income:
	Service Charges on Deposits		26,370		28,136		29,292		28,800		26,189		0.7
	Fiduciary and Asset Management Fees		12,473		12,921		12,077		11,720		11,910		4.7
	Brokerage and Investment Banking Revenue		7,449		6,721		6,502		6,559		6,947		7.2
	Mortgage Banking Income		7,226		6,837		8,440		8,105		5,873		23.0
	Bankcard Fees		11,880		11,218		11,438		11,093		10,554		12.6
	Securities Gains (Losses)		447		-		(982)		(1,062)		(73)		nm
	Other Fee Income		9,427		9,079		10,024		10,357		9,283		1.6
	Other Non-Interest Income		12,231		22,682		12,528		13,881		12,380		(1.2)
	Total Non-Interest Income		87,503		97,594		89,319		89,453		83,063		5.3
	Non-Interest Expense:
	Personnel Expense		113,927		115,130		113,842		113,951		107,449		6.0
	Occupancy & Equipment Expense		27,290		26,370		25,566		24,835		23,498		16.1
	Other Non-Interest Expense		53,580		61,930		51,899		52,064		47,999		11.6
	Total Non-Interest Expense		194,797		203,430		191,307		190,850		178,946		8.9
	Income Before Taxes		155,140		164,360		170,377		165,283		145,517		6.6
	Income Tax Expense		54,733		59,384		60,394		58,899		51,757		5.7
	Net Income	$	100,407		104,976		109,983		106,384		93,760		7.1
	Return on Assets*		1.33	%	1.39	%	1.49	%	1.50	%	1.43	%	(10)	bp
	Return on Equity*		14.95		15.45		17.04		17.42		17.17		(222)
bp - change is measured as difference in basis points.
nm - not meaningful
*ratios are annualized

Synovus					6 of 9
	BALANCE SHEET		March 31, 2007	December 31, 2006	March 31, 2006
	(In thousands, except share data)
	ASSETS
	Cash and due from banks	$	828,916	889,975	780,787
	Interest earning deposits with banks		35,586	19,389	6,608
	Federal funds sold and securities purchased
	under resale agreements		190,514	101,091	295,677
	Trading account assets		45,289	15,266	37,048
	Mortgage loans held for sale		181,266	175,042	172,975
	Investment securities available for sale		3,520,777	3,352,357	3,110,547
	Loans, net of unearned income		25,223,681	24,654,552	22,418,848
	Allowance for loan losses		(326,826)	(314,459)	(300,866)
	Loans, net		24,896,855	24,340,093	22,117,982
	Premises and equipment, net		769,271	752,738	691,231
	Contract acquisition costs and computer software, net		371,467	383,899	415,980
	Goodwill		681,132	669,515	452,469
	Other intangible assets, net		59,995	63,586	42,795
	Other assets		1,126,377	1,091,822	1,037,078
	Total assets	$	32,707,445	31,854,773	29,161,177
	LIABILITIES AND SHAREHOLDERS' EQUITY
	Liabilities:
	Deposits:
	Non-interest bearing retail and commercial deposits	$	3,573,323	3,538,598	3,621,639
	Interest bearing retail and commercial deposits		18,194,828	17,741,354	15,769,106
	Total retail and commercial deposits		21,768,151	21,279,952	19,390,745
	Brokered time deposits		3,074,228	3,014,495	2,411,201
	Total deposits		24,842,379	24,294,447	21,801,946
	Federal funds purchased and other short-term
	borrowings		1,560,530	1,572,809	1,635,759
	Long-term debt		1,551,856	1,350,139	1,731,118
	Other liabilities		666,704	692,019	584,721
	Total liabilities		28,621,469	27,909,414	25,753,544
	Minority interest in consolidated subsidiaries		249,425	236,709	205,552
	Shareholders' equity:
	Common stock, par value $1.00 a share (1)		332,512	331,214	325,366
	Additional paid-in capital		1,070,330	1,033,055	869,402
	Treasury stock (2)		(113,944)	(113,944)	(113,944)
	Accumulated other comprehensive income (loss)		6,989	(2,129)	(43,190)
	Retained earnings		2,540,664	2,460,454	2,164,447
	Total shareholders' equity (3)		3,836,551	3,708,650	3,202,081
	Total liabilities and shareholders' equity	$	32,707,445	31,854,773	29,161,177
(1)	Common shares outstanding: 326,850,123; 325,552,375; and 319,703,971 at March 31, 2007, December 31, 2006 and March 31, 2006, respectively.
(2)	Treasury shares: 5,661,538 at March 31, 2007, December 31, 2006, and March 31, 2006.
(3)	Book value per common share: $11.74; $11.39; and $10.02 at March 31, 2007, December 31, 2006, and March 31, 2006, respectively.

Synovus									7 of 9
AVERAGE BALANCES AND YIELDS/RATES*
(Dollars in thousands)
			2007		2006
			First		Fourth	Third	Second	First
			Quarter		Quarter	Quarter	Quarter	Quarter
Interest Earning Assets
				��
Taxable Investment Securities		$	3,301,137		3,178,852	3,025,507	3,008,122	2,823,306
	Yield		4.77	%	4.51	4.39	4.21	4.08
Tax-Exempt Investment Securities		$	185,012		193,737	197,024	202,676	201,432
	Yield		6.84	%	6.95	6.70	6.73	6.86
Trading Account Assets		$	64,204		34,471	53,181	47,398	37,659
	Yield		5.65	%	6.67	5.30	5.72	7.42
Commercial Loans		$	21,242,921		20,791,108	20,407,139	19,723,353	18,357,939
	Yield		8.24	%	8.25	8.23	7.99	7.59
Consumer Loans		$	928,256		928,521	929,964	898,210	855,079
	Yield		8.01	%	7.98	7.96	7.88	7.71
Mortgage Loans		$	1,081,760		1,089,794	1,091,425	1,071,477	1,039,741
	Yield		6.98	%	6.99	6.93	6.82	6.67
Credit Card Loans		$	270,444		268,705	265,120	260,010	260,251
	Yield		11.17	%	10.89	10.86	10.81	10.81
Home Equity Loans		$	1,385,012		1,316,842	1,252,803	1,231,592	1,188,152
	Yield		7.68	%	7.82	7.97	7.69	7.30
Allowance for Loan Losses		$	(317,977)		(317,603)	(318,195)	(307,674)	(294,817)
Loans, Net		$	24,590,415		24,077,366	23,628,256	22,876,968	21,406,345
	Yield		8.28	%	8.29	8.29	8.06	7.67
Mortgage Loans Held for Sale		$	160,482		149,113	130,196	132,605	117,085
	Yield		6.07	%	6.02	6.51	7.08	6.61
Federal Funds Sold and Other Short-Term Investment		$	147,932		120,804	155,200	139,923	118,774
	Yield		5.61	%	5.40	5.32	5.07	4.42
Total Interest Earning Assets		$	28,449,181		27,754,344	27,189,364	26,407,692	24,704,601
	Yield		7.82	%	7.83	7.81	7.58	7.23
Interest Bearing Liabilities
Interest Bearing Demand Deposits		$	3,113,531		3,034,375	2,946,646	3,040,292	3,004,244
	Rate		2.30	%	2.18	2.03	1.81	1.63
Money Market Accounts		$	7,083,633		6,956,181	6,587,365	6,196,865	5,800,154
	Rate		4.49	%	4.45	4.38	4.00	3.55
Savings Deposits		$	502,948		514,317	547,779	573,776	535,475
	Rate		0.68	%	0.72	0.72	0.69	0.47
Time Deposits Under $100,000		$	3,037,815		3,003,141	2,917,518	2,738,528	2,501,504
	Rate		4.79	%	4.64	4.38	3.92	3.55
Time Deposits Over $100,000 (less brokered
time deposits)		$	4,101,471		3,997,493	3,756,853	3,362,304	3,067,094
	Rate		5.15	%	5.07	4.92	4.44	4.01
Total Interest Bearing Core Deposits			17,839,398		17,505,508	16,756,161	15,911,765	14,908,471
	Rate		4.20	%	4.12	3.97	3.54	3.15
Brokered Time Deposits		$	3,030,793		3,137,889	3,165,905	2,740,674	2,364,383
	Rate		5.08	%	5.01	4.85	4.57	4.24
Total Interest Bearing Deposits		$	20,870,191		20,643,396	19,922,066	18,652,438	17,272,854
	Rate		4.33	%	4.26	4.11	3.69	3.30
Federal Funds Purchased and Other
Short-Term Borrowings		$	1,690,049		1,283,832	1,553,699	1,772,113	1,530,099
	Rate		4.87	%	4.72	4.73	4.76	4.28
Long-Term Debt		$	1,450,466		1,360,635	1,364,227	1,586,586	1,774,804
	Rate		5.05	%	4.90	4.57	4.42	4.62
Total Interest Bearing Liabilities		$	24,010,706		23,287,863	22,839,991	22,011,138	20,577,757
	Rate		4.41	%	4.32	4.18	3.83	3.48
Non-Interest Bearing Demand Deposits		$	3,372,105		3,469,233	3,528,942	3,511,554	3,443,867
Shareholders' Equity		$	3,733,523		3,659,996	3,467,029	3,321,397	3,050,256
Total Assets		$	32,022,912		31,307,991	30,613,827	29,563,064	27,792,577
Net Interest Margin			4.10	%	4.20	4.30	4.39	4.32
*Yields and rates are annualized

LOANS OUTSTANDING AND NONPERFORMING LOANS COMPOSITION								8 of 9
(Dollars in thousands)
		Total Loans	Loans as a % of Total Loans Outstanding			Total Nonperforming Loans	Nonperforming Loans as a % of Total Nonperforming Loans
Loan Type
Multi-Family	$	519,219	2.1	%	$	388	0.3		%
Hotels		661,985	2.6			1,270	0.9
Office Buildings		852,973	3.4			4,388	3.2
Shopping Centers		742,344	2.9			-	0.0
Commercial Development		866,920	3.5			-	0.0
Other Investment Property		529,394	2.1			414	0.3
Total Investment Properties		4,172,835	16.6			6,460	4.7
1-4 Family Construction		2,404,235	9.5			17,530	12.6
1-4 Family Perm / Mini-Perm		1,145,235	4.5			10,773	7.8
Residential Development		2,178,573	8.7			21,155	15.2
Total 1-4 Family Properties		5,728,043	22.7			49,458	35.6
Land Acquisition		1,516,526	6.0			15,800	11.4
Total Commercial Real Estate		11,417,404	45.3			71,718	51.7
Commercial , Financial, and Agricultural		6,055,447	24.0			38,629	27.8
Owner-Occupied		4,122,498	16.4			15,501	11.2
Total Commercial & Industrial		10,177,945	40.4			54,130	39.0
Home Equity		1,401,898	5.6			4,888	3.5
Consumer Mortgages		1,518,168	6.0			6,004	4.3
Credit Card		273,462	1.1			-	0.0
Other Retail Loans		483,412	1.8			2,050	1.5
Total Retail		3,676,940	14.5			12,942	9.3
Unearned Income		(48,608)	(0.2)			-
Total	$	25,223,681	100.0	%	$	138,790	100.0		%

LOANS OUTSTANDING BY TYPE COMPARISON
(Dollars in thousands)
		Total Loans		1Q07 vs. 4Q06				1Q07 vs. 1Q06
Loan Type		March 31, 2007	December 31, 2006	% change (1)			March 31, 2006	% change (2)
Multi-Family	$	519,219	505,586	10.9	%	$	542,363	(4.3)	%
Hotels		661,985	643,180	11.9			715,033	(7.4)
Office Buildings		852,973	881,658	(13.2)			819,304	4.1
Shopping Centers		742,344	764,924	(12.0)			704,257	5.4
Commercial Development		866,920	876,570	(4.5)			897,925	(3.5)
Other Investment Property		529,394	434,298	88.8			384,524	37.7
Total Investment Properties		4,172,835	4,106,216	6.6			4,063,406	2.7
1-4 Family Construction		2,404,235	2,347,025	9.9			1,851,116	29.9
1-4 Family Perm / Mini-Perm		1,145,235	1,193,895	(16.5)			1,127,194	1.6
Residential Development		2,178,573	2,036,207	28.4			1,648,332	32.2
Total 1-4 Family Properties		5,728,043	5,577,127	11.0			4,626,642	23.8
Land Acquisition		1,516,526	1,402,402	33.0			1,152,499	31.6
Total Commercial Real Estate		11,417,404	11,085,745	12.1			9,842,547	16.0
Commercial , Financial, and Agricultural		6,055,447	5,875,854	12.4			5,384,528	12.5
Owner-Occupied		4,122,498	4,080,742	4.1			3,854,881	6.9
Total Commercial & Industrial		10,177,945	9,956,596	9.0			9,239,409	10.2
Home Equity		1,401,898	1,364,030	11.3			1,214,544	15.4
Consumer Mortgages		1,518,168	1,517,849	0.1			1,407,608	7.9
Credit Card		273,462	276,269	(4.1)			256,460	6.6
Other Retail Loans		483,412	500,757	(14.0)			506,772	(4.8)
Total Retail		3,676,940	3,658,905	2.0			3,385,384	8.6
Unearned Income		(48,608)	(46,695)	16.6			(48,492)	0.2
Total	$	25,223,681	24,654,552	9.4	%	$	22,418,848	12.5	%

(1)	Percentage change in annualized
(2)	The percentage change comparison to March 31, 2006 is impacted by the acquisition of Banking Corporation of Florida (First Florida) which was completed on March 31, 2006. First Florida contributed $346 million, respectively, in total loans. Excluding the impact of First Florida the year-over-year growth is 11.0%.

Synovus								9 of 9
	CREDIT QUALITY DATA
	(Dollars in thousands)		2007	2006				1st Quarter
			First	Fourth	Third	Second	First	'07 vs. '06
			Quarter	Quarter	Quarter	Quarter	Quarter	Change
	Nonperforming Loans	$	138,790	96,623	94,766	88,805	80,061	73.4	%
	Other Real Estate		31,710	25,923	31,549	25,634	20,357	55.8
	Nonperforming Assets		170,500	122,545	126,315	114,439	100,418	69.8
	Allowance for Loan Losses		326,826	314,459	319,973	313,694	300,866	8.6
	Net Charge-Offs - Quarter		8,148	24,190	12,111	9,528	14,388	(43.4)
	Net Charge-Offs - YTD		8,148	60,217	36,027	23,916	14,388	(43.4)
	Net Charge-Offs / Average Loans - Quarter		0.13	0.39	0.20	0.17	0.27
	Net Charge-Offs / Average Loans - YTD		0.13	0.26	0.21	0.21	0.27
	Nonperforming Loans / Loans & ORE		0.55	0.39	0.39	0.38	0.36
	Nonperforming Assets / Loans & ORE		0.68	0.50	0.52	0.48	0.45
	Allowance / Loans		1.30	1.28	1.32	1.33	1.34
	Allowance / Nonperforming Loans		235.48	325.45	337.65	353.24	375.79
	Allowance / Nonperforming Assets		191.69	256.61	253.31	274.11	299.61
	Past Due Loans over 90 days		27,414	34,031	18,002	19,340	17,376
	As a Percentage of Loans Outstanding		0.11	0.14	0.07	0.08	0.08
	Total Past Dues		150,188	154,027	140,526	111,464	114,744
	As a Percentage of Loans Outstanding		0.60	0.62	0.58	0.47	0.51

REGULATORY CAPITAL RATIOS (1)
(Dollars in thousands)
		March 31, 2007		December 31, 2006	March 31, 2006
Tier 1 Capital	$	3,395,238		3,254,603	2,836,286
Total Risk-Based Capital		4,472,064		4,319,062	3,887,152
Tier 1 Capital Ratio		10.89	%	10.87	10.34
Total Risk-Based Capital Ratio		14.34		14.43	14.16
Leverage Ratio		10.85		10.64	10.45
(1) March 31, 2007 information is preliminary.