Synovus Financial (SNV) 10-K 2017 FY Annual report

EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

				Years Ended December 31,
(dollars in thousands)	2017			2016			2015		2014		2013
Ratio 1 – Including Interest on Deposits
Earnings:
Income from continuing operations before income taxes	$	480,138		$	388,450		358,573		302,559		252,628
Fixed charges excluding preferred stock dividends and accretion	146,511			130,745			126,355		117,001		126,379
Total	626,649			519,195			484,928		419,560		379,007
Fixed Charges:
Interest on deposits	81,325			64,206			65,534		55,179		64,392
Interest on short-term borrowings	198			200			168		220		324
Interest on long-term debt	57,665			59,217			52,942		54,009		54,106
Portion of rents representative of the interest factor (1/3) of expense	7,323			7,121			7,711		7,593		7,557
Preferred stock dividends and accretion	10,238			10,238			10,238		10,238		40,830
Total fixed charges including preferred stock dividends and accretion	$	156,749		$	140,982		136,593		127,239		167,209
Ratio of earnings to fixed charges	4.00		x	3.68		x	3.55	x	3.30	x	2.27	x
Ratio 2 – Excluding Interest on Deposits
Earnings:
Income from continuing operations before income taxes	$	480,138		$	388,450		358,573		302,559		252,628
Fixed charges excluding preferred stock dividends and accretion	65,186			66,539			60,821		61,822		61,987
Total	545,324			454,989			419,394		364,381		314,615
Fixed Charges:
Interest on short-term borrowings	198			200			168		220		324
Interest on long-term debt	57,665			59,217			52,942		54,009		54,106
Portion of rents representative of the interest factor (1/3) of expense	7,323			7,121			7,711		7,593		7,557
Preferred stock dividends and accretion	10,238			10,238			10,238		10,238		40,830
Total fixed charges including preferred stock dividends and accretion	$	75,424		$	76,776		71,059		72,060		102,817
Ratio of earnings to fixed charges	7.23		x	5.93		x	5.90	x	5.06	x	3.06	x