Synovus Financial (SNV) 10-Q 2017 Q3 Quarterly report

EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Nine Months Ended September 30, 2017			Years Ended December 31,
(dollars in thousands)				2016		2015		2014		2013	2012
Ratio 1 – Including interest on deposits
Earnings:
Income before income taxes	$	376,171		388,451		358,573		302,559		252,628	31,477
Fixed charges excluding preferred stock dividends and accretion	107,632			130,745		126,355		117,001		126,379	158,225
Total	$	483,803		519,196		484,928		419,560		379,007	189,702
Fixed charges:
Interest on deposits	55,874			64,206		65,534		55,179		64,392	95,749
Interest on short-term borrowings	125			200		168		220		324	614
Interest on long-term debt	45,967			59,217		52,942		54,009		54,106	53,659
Portion of rents representative of the interest factor (1/3) of expense	5,666			7,121		7,711		7,593		7,557	8,203
Preferred stock dividends and accretion	7,678			10,238		10,238		10,238		40,830	58,703
Total fixed charges including preferred stock dividends and accretion	$	115,310		140,982		136,593		127,239		167,209	216,928
Ratio of earnings to fixed charges	4.20		x	3.68	x	3.55	x	3.30	x	2.27x	0.87x
Ratio 2 – Excluding interest on deposits
Earnings:
Income before income taxes	$	376,171		388,451		358,573		302,559		252,628	31,477
Fixed charges excluding preferred stock dividends and accretion	51,759			66,539		60,821		61,822		61,987	62,475
Total	$	427,930		454,990		419,394		364,381		314,615	93,952
Fixed charges:
Interest on short-term borrowings	125			200		168		220		324	614
Interest on long-term debt	45,967			59,217		52,942		54,009		54,106	53,659
Portion of rents representative of the interest factor (1/3) of expense	5,666			7,121		7,711		7,593		7,557	8,203
Preferred stock dividends and accretion	7,678			10,238		10,238		10,238		40,830	58,703
Total fixed charges including preferred stock dividends and accretion	$	59,436		76,776		71,059		72,060		102,817	121,179
Ratio of earnings to fixed charges	7.20		x	5.93	x	5.90	x	5.06	x	3.06x	0.78x