Synovus Financial (SNV) 8-K Synovus announces earnings for third quarter 2024

Synovus				Exhibit 99.2
INCOME STATEMENT DATA
(Unaudited)
(Dollars in thousands, except per share data)	Nine Months Ended September 30,
	2024			2023			'24 vs '23
							% Change
Interest income	$	2,394,459		$	2,262,061		6	%
Interest expense	1,099,876			882,619			25
Net interest income	1,294,583			1,379,442			(6)
Provision for (reversal of) credit losses	103,818			143,607			(28)
Net interest income after provision for credit losses	1,190,765			1,235,835			(4)
Non-interest revenue:
Service charges on deposit accounts	68,403			67,836			1
Fiduciary and asset management fees	58,455			59,928			(2)
Card fees	57,343			51,485			11
Brokerage revenue	63,974			68,043			(6)
Mortgage banking income	11,395			12,138			(6)
Capital markets income	31,988			32,589			(2)
Income from bank-owned life insurance	23,886			21,106			13
Investment securities gains (losses), net	(256,660)			1,030			nm
Recovery of NPA	—			13,126			nm
Other non-interest revenue	55,233			25,260			119
Total non-interest revenue	114,017			352,541			(68)
Non-interest expense:
Salaries and other personnel expense	552,742			551,667			—
Net occupancy, equipment, and software expense	140,200			131,435			7
Third-party processing and other services	63,593			64,932			(2)
Professional fees	34,140			28,707			19
FDIC insurance and other regulatory fees	37,694			33,266			13
Restructuring charges (reversals)	2,084			16,476			nm
Loss on other loans held for sale	—			50,064			nm
Other operating expenses	107,779			106,019			2
Total non-interest expense	938,232			982,566			(5)
Income before income taxes	366,550			605,810			(39)
Income tax expense	76,476			133,242			(43)
Net income	290,074			472,568			(39)
Less: Net income (loss) attributable to noncontrolling interest	(1,960)			(796)			146
Net income attributable to Synovus Financial Corp.	292,034			473,364			(38)
Less: Preferred stock dividends	31,325			26,254			19
Net income available to common shareholders	$	260,709		$	447,110		(42)	%
Net income per common share, basic	$	1.80		$	3.06		(41)	%
Net income per common share, diluted	1.79			3.05			(41)
Cash dividends declared per common share	1.14			1.14			—
Return on average assets *	0.7		%	1.0		%	(30)	bps
Return on average common equity *	7.6			14.2			nm
Weighted average common shares outstanding, basic	145,039			146,028			(1)	%
Weighted average common shares outstanding, diluted	145,718			146,683			(1)
nm - not meaningful
bps - basis points
* - ratios are annualized
Amounts may not total due to rounding

Synovus
	INCOME STATEMENT DATA
	(Unaudited)
	(Dollars in thousands, except per share data)	2024					2023		Third Quarter
		Third Quarter			Second Quarter	First Quarter	Fourth Quarter	Third Quarter	'24 vs '23
									% Change
	Interest income	$	810,507		801,242	782,710	788,297	786,039	3	%
	Interest expense	369,767			366,244	363,864	351,083	342,880	8
	Net interest income	440,740			434,998	418,846	437,214	443,159	(1)
	Provision for (reversal of) credit losses	23,434			26,404	53,980	45,472	72,572	(68)
	Net interest income after provision for credit losses	417,306			408,594	364,866	391,742	370,587	13
	Non-interest revenue:
	Service charges on deposit accounts	23,683			22,907	21,813	22,260	21,385	11
	Fiduciary and asset management fees	19,714			19,728	19,013	18,149	20,205	(2)
	Card fees	18,439			19,418	19,486	20,872	18,602	(1)
	Brokerage revenue	20,810			20,457	22,707	21,961	21,387	(3)
	Mortgage banking income	4,033			3,944	3,418	3,019	3,671	10
	Capital markets income	10,284			15,077	6,627	6,456	7,980	29
	Income from bank-owned life insurance	8,442			8,097	7,347	10,324	6,965	21
	Investment securities gains (losses), net	—			(256,660)	—	(77,748)	—	nm
	Other non-interest revenue	18,575			18,181	18,477	26,175	6,944	167
	Total non-interest revenue	123,980			(128,851)	118,888	51,468	107,139	16
	Non-interest expense:
	Salaries and other personnel expense	184,814			179,407	188,521	176,712	179,741	3
	Net occupancy, equipment, and software expense	46,977			46,415	46,808	48,146	45,790	3
	Third-party processing and other services	21,552			21,783	20,258	21,717	21,439	1
	Professional fees	10,854			15,655	7,631	11,147	10,147	7
	FDIC insurance and other regulatory fees	7,382			6,493	23,819	61,470	11,837	(38)
	Restructuring charges (reversals)	1,219			(658)	1,524	1,231	17,319	nm
	Loss on other loans held for sale	—			—	—	—	30,954	nm
	Other operating expenses	40,892			32,706	34,180	32,435	36,305	13
	Total non-interest expense	313,690			301,801	322,741	352,858	353,532	(11)
	Income (loss) before income taxes	227,596			(22,058)	161,013	90,352	124,194	83
	Income tax expense (benefit)	46,912			(7,378)	36,943	20,779	27,729	69
	Net income (loss)	180,684			(14,680)	124,070	69,573	96,465	87
	Less: Net income (loss) attributable to noncontrolling interest	(871)			(652)	(437)	(768)	(630)	38
	Net income (loss) attributable to Synovus Financial Corp.	181,555			(14,028)	124,507	70,341	97,095	87
	Less: Preferred stock dividends	11,927			9,713	9,685	9,696	9,672	23
	Net income (loss) available to common shareholders	$	169,628		(23,741)	114,822	60,645	87,423	94	%
	Net income (loss) per common share, basic	$	1.19		(0.16)	0.78	0.41	0.60	98	%
	Net income (loss) per common share, diluted	1.18			(0.16)	0.78	0.41	0.60	97
	Cash dividends declared per common share	0.38			0.38	0.38	0.38	0.38	—
	Return on average assets *	1.2		%	(0.1)	0.8	0.5	0.6	60	bps
	Return on average common equity *	14.4			(2.1)	10.2	5.9	8.2	nm
	Weighted average common shares outstanding, basic	143,144			145,565	146,430	146,372	146,170	(2)	%
	Weighted average common shares outstanding, diluted	143,979			145,565	147,122	146,877	146,740	(2)
	nm - not meaningful
	bps - basis points
	* - ratios are annualized
	Amounts may not total due to rounding

Synovus
	BALANCE SHEET DATA	September 30, 2024		December 31, 2023		September 30, 2023
	(Unaudited)
	(In thousands, except share data)
	ASSETS
	Interest-earning deposits with banks and other cash and cash equivalents	$	1,807,641	$	2,414,103	$	2,101,455
	Federal funds sold and securities purchased under resale agreements	45,971		37,323		36,176
	Cash, cash equivalents, and restricted cash	1,853,612		2,451,426		2,137,631
	Investment securities held to maturity	2,622,457		—		—
	Investment securities available for sale	7,554,168		9,788,662		9,237,191
	Loans held for sale (includes $36,943, $47,338 and $48,994 measured at fair value, respectively)	121,470		52,768		66,558
	Loans, net of deferred fees and costs	43,120,674		43,404,490		43,679,910
	Allowance for loan losses	(484,985)		(479,385)		(477,532)
	Loans, net	42,635,689		42,925,105		43,202,378
	Cash surrender value of bank-owned life insurance	1,133,652		1,112,030		1,107,092
	Premises, equipment, and software, net	380,267		365,851		364,054
	Goodwill	480,440		480,440		479,851
	Other intangible assets, net	37,207		45,928		49,096
	Other assets	2,770,666		2,587,324		2,699,079
	Total assets	$	59,589,628	$	59,809,534	$	59,342,930
	LIABILITIES AND EQUITY
	Liabilities:
	Deposits:
	Non-interest-bearing deposits	$	11,561,626	$	12,507,616	$	12,976,574
	Interest-bearing deposits	38,632,114		38,231,569		37,227,316
	Total deposits	50,193,740		50,739,185		50,203,890
	Federal funds purchased and securities sold under repurchase agreements	94,055		189,074		98,270
	Other short-term borrowings	—		3,496		2,362
	Long-term debt	2,021,050		1,932,534		2,704,701
	Other liabilities	1,902,612		1,801,097		1,772,139
	Total liabilities	54,211,457		54,665,386		54,781,362
	Equity:
	Shareholders' equity:
	Preferred stock - no par value. Authorized 100,000,000 shares; issued 22,000,000	537,145		537,145		537,145
	Common stock - $1.00 par value. Authorized 342,857,142 shares; issued 172,077,277, 171,360,188 and 170,859,506 respectively; outstanding 141,997,383, 146,705,330 and 146,204,648 respectively	172,077		171,360		170,860
	Additional paid-in capital	3,976,706		3,955,819		3,940,507
	Treasury stock, at cost; 30,079,894, 24,654,858 and 24,654,858 shares, respectively	(1,167,130)		(944,484)		(944,484)
	Accumulated other comprehensive income (loss), net	(773,786)		(1,117,073)		(1,679,404)
	Retained earnings	2,610,964		2,517,226		2,512,334
	Total Synovus Financial Corp. shareholders’ equity	5,355,976		5,119,993		4,536,958
	Noncontrolling interest in subsidiary	22,195		24,155		24,610
	Total equity	5,378,171		5,144,148		4,561,568
	Total liabilities and equity	$	59,589,628	$	59,809,534	$	59,342,930

Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
	Third Quarter 2024						Second Quarter 2024						Third Quarter 2023
(dollars in thousands)	Average Balance		Interest		Yield/    Rate		Average Balance		Interest		Yield/    Rate		Average Balance		Interest		Yield/    Rate
Assets
Interest earning assets:
Commercial loans (1) (2) (3)	$	34,610,296	$	592,142	6.81	%	$	35,006,497	$	593,715	6.82	%	$	34,990,459	$	579,177	6.57	%
Consumer loans (1) (2)	8,298,130		109,908		5.28		8,358,325		109,206		5.23		8,509,757		108,065		5.06
Less: Allowance for loan losses	(482,863)		—		—		(492,640)		—		—		(461,385)		—		—
Loans, net	42,425,563		702,050		6.59		42,872,182		702,921		6.59		43,038,831		687,242		6.34
Total investment securities(4)	10,420,665		87,643		3.36		10,373,792		78,891		3.04		11,194,291		61,642		2.20
Trading account assets	14,392		246		6.84		8,809		162		7.37		16,186		237		5.86
Other earning assets(5)	1,408,415		18,803		5.24		1,271,953		16,800		5.23		1,237,445		16,369		5.17
FHLB and Federal Reserve Bank stock	170,977		2,113		4.94		189,706		2,687		5.67		244,906		3,783		6.18
Mortgage loans held for sale	34,890		612		7.01		37,364		666		7.13		53,904		879		6.52
Other loans held for sale	83,492		433		2.03		96,180		466		1.92		881,067		17,035		7.57
Total interest earning assets	54,558,394		811,900		5.92	%	54,849,986		802,593		5.89	%	56,666,630		787,187		5.51	%
Cash and due from banks	476,443						531,604						509,511
Premises and equipment	380,003						376,293						365,568
Other real estate	666						18,003						—
Cash surrender value of bank-owned life insurance	1,128,877						1,121,764						1,102,626
Other assets(6)	2,639,241						2,349,199						1,272,344
Total assets	$	59,183,624					$	59,246,849					$	59,916,679
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing demand deposits	$	10,834,829	71,786		2.64	%	$	10,789,288	68,809		2.57	%	$	10,114,171	52,983		2.08	%
Money market accounts	13,058,527		104,514		3.18		12,617,120		99,380		3.17		13,147,465		95,339		2.88
Savings deposits	1,007,962		355		0.14		1,036,321		304		0.12		1,178,322		280		0.09
Time deposits	8,437,861		93,052		4.39		8,382,774		93,431		4.48		6,180,584		59,972		3.85
Brokered deposits	5,476,231		75,607		5.49		5,483,298		73,830		5.42		6,442,690		83,486		5.14
Federal funds purchased and securities sold under repurchase agreements	94,629		369		1.53		114,595		570		1.97		73,344		296		1.58
Other short-term borrowings	2,209		29		5.20		108,946		1,530		5.55		1,722		—		—
Long-term debt	1,385,836		24,055		6.93		1,666,731		28,390		6.79		3,230,374		50,524		6.18
Total interest-bearing liabilities	40,298,084		369,767		3.65	%	40,199,073		366,244		3.66	%	40,368,672		342,880		3.37	%
Non-interest-bearing demand deposits	11,665,661						12,099,256						13,049,343
Other liabilities	1,967,351						1,932,822						1,713,131
Total equity	5,252,528						5,015,698						4,785,533
Total liabilities and equity	$	59,183,624					$	59,246,849					$	59,916,679
Net interest income and net interest margin, taxable equivalent (7)			$	442,133	3.22	%			$	436,349	3.20	%			$	444,307	3.11	%
Less: taxable-equivalent adjustment			1,393						1,351						1,148
Net interest income			$	440,740					$	434,998					$	443,159

(1)Average loans are shown net of unearned income. NPLs are included.

(2)Interest income includes fees as follows: Third Quarter 2024 — $12.7 million, Second Quarter 2024 — $12.3 million, and Third Quarter 2023 — $11.8 million.

(3)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.

(4)Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

(5)Includes interest-bearing funds with Federal Reserve Bank, interest earning deposits with banks, and federal funds sold and securities purchased under resale agreements.

(6)Includes average net unrealized gains (losses) on investment securities available for sale of $(424.6) million, $(727.6) million, and $(1.60) billion for the Third Quarter 2024, Second Quarter 2024, and Third Quarter 2023, respectively.

(7)The net interest margin is calculated by dividing annualized net interest income- TE by average total interest earning assets.

Synovus
AVERAGE BALANCES, INTEREST, AND YIELDS/RATES
(Unaudited)
	Nine Months Ended September 30,
	2024						2023
(dollars in thousands)	Average Balance		Interest		Yield/    Rate		Average Balance		Interest		Yield/    Rate
Assets
Interest earning assets:
Commercial loans (1) (2) (3)	$	34,852,642	$	1,769,316	6.78	%	$	35,216,487	$	1,672,529	6.35	%
Consumer loans (1) (2)	8,363,281		328,681		5.24		8,580,029		316,757		4.92
Less: Allowance for loan losses	(485,540)		—		—		(457,818)		—		—
Loans, net	42,730,383		2,097,997		6.56		43,338,698		1,989,286		6.14
Total investment securities(4)	10,646,738		238,440		2.99		11,229,290		183,118		2.17
Trading account assets	11,600		473		5.44		16,302		671		5.49
Other earning assets(5)	1,302,499		51,776		5.23		1,398,211		51,660		4.87
FHLB and Federal Reserve Bank stock	182,793		7,073		5.16		277,136		11,439		5.50
Mortgage loans held for sale	34,012		1,773		6.95		48,398		2,297		6.33
Other loans held for sale	66,109		982		1.95		625,262		26,995		5.69
Total interest earning assets	54,974,134		$	2,398,514	5.83	%	56,933,297		$	2,265,466	5.32	%
Cash and due from banks	510,807						593,023
Premises and equipment	375,574						367,332
Other real estate	6,223						—
Cash surrender value of bank-owned life insurance	1,121,807						1,096,567
Other assets(6)	2,162,476						1,187,026
Total assets	$	59,151,021					$	60,177,245
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing demand deposits	$	10,738,505	$	206,010	2.56	%	$	9,702,651	$	118,007	1.63	%
Money market accounts	12,834,830		307,024		3.20		13,665,672		253,351		2.48
Savings deposits	1,033,696		946		0.12		1,274,142		771		0.08
Time deposits	8,241,879		272,976		4.42		4,892,146		121,019		3.31
Brokered deposits	5,565,332		226,778		5.44		6,116,392		214,627		4.69
Federal funds purchased and securities sold under repurchase agreements	107,546		1,587		1.94		98,212		1,317		1.77
Other short-term borrowings	60,763		2,514		5.44		705,292		24,559		4.59
Long-term debt	1,604,966		82,041		6.80		3,400,156		148,968		5.80
Total interest-bearing liabilities	40,187,517		$	1,099,876	3.66	%	39,854,663		$	882,619	2.96	%
Non-interest-bearing demand deposits	11,944,508						13,972,152
Other liabilities	1,894,545						1,592,230
Total equity	5,124,451						4,758,200
Total liabilities and equity	$	59,151,021					$	60,177,245
Net interest income, taxable equivalent net interest margin (7)			$	1,298,638	3.16	%			$	1,382,847	3.25	%
Less: taxable-equivalent adjustment			4,055						3,405
Net interest income			$	1,294,583					$	1,379,442

(1)Average loans are shown net of unearned income. NPLs are included.

(2)Interest income includes fees as follows: 2024 — $35.7 million and 2023 — $34.6 million.

(3)Reflects taxable-equivalent adjustments, using the statutory federal tax rate of 21%, in adjusting interest on tax-exempt loans to a taxable-equivalent basis.

(4)Securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

(5)Includes interest-bearing funds with Federal Reserve Bank, interest earning deposits with banks, and federal funds sold and securities purchased under resale agreements.

(6)Includes average net unrealized gains/(losses) on investment securities available for sale of $(836.6) million and $(1.53) billion for the nine months ended September 30, 2024 and 2023, respectively.

(7)The net interest margin is calculated by dividing annualized net interest income - TE by average total interest earning assets.

Synovus
LOANS OUTSTANDING BY TYPE
(Unaudited)	Total Loans		Total Loans		Linked Quarter		Total Loans		Year/Year
(Dollars in thousands)
Loan Type	September 30, 2024		June 30, 2024		% Change		September 30, 2023		% Change
Commercial, Financial, and Agricultural	$	14,563,913	$	14,519,608	—	%	$	14,498,966	—	%
Owner-Occupied	8,100,084		8,017,004		1		8,281,988		(2)
Total Commercial & Industrial	22,663,997		22,536,612		1		22,780,954		(1)
Multi-Family	4,379,459		4,288,436		2		3,930,617		11
Hotels	1,738,068		1,802,076		(4)		1,790,094		(3)
Office Buildings	1,778,698		1,801,945		(1)		1,911,095		(7)
Shopping Centers	1,260,460		1,298,967		(3)		1,327,770		(5)
Warehouses	837,145		865,359		(3)		985,723		(15)
Other Investment Property	1,352,719		1,271,266		6		1,432,456		(6)
Total Investment Properties	11,346,549		11,328,049		—		11,377,755		—
1-4 Family Construction	190,705		171,335		11		224,091		(15)
1-4 Family Investment Mortgage	337,425		381,212		(11)		396,813		(15)
Total 1-4 Family Properties	528,130		552,547		(4)		620,904		(15)
Commercial Development	48,948		65,994		(26)		64,212		(24)
Residential Development	67,525		67,231		—		92,209		(27)
Land Acquisition	186,332		201,666		(8)		239,773		(22)
Land and Development	302,805		334,891		(10)		396,194		(24)
Total Commercial Real Estate	12,177,484		12,215,487		—		12,394,853		(2)
Consumer Mortgages	5,323,443		5,371,164		(1)		5,391,282		(1)
Home Equity	1,809,286		1,812,940		—		1,784,356		1
Credit Cards	181,386		178,889		1		191,046		(5)
Other Consumer Loans	965,078		978,305		(1)		1,137,419		(15)
Total Consumer	8,279,193		8,341,298		(1)		8,504,103		(3)
Total	$	43,120,674	$	43,093,397	—	%	$	43,679,910	(1)	%
NON-PERFORMING LOANS COMPOSITION
(Unaudited)	Total Non-performing Loans		Total Non-performing Loans		Linked Quarter		Total Non-performing Loans		Year/Year
(Dollars in thousands)
Loan Type	September 30, 2024		June 30, 2024		% Change		September 30, 2023		% Change
Commercial, Financial, and Agricultural	$	107,004	$	120,107	(11)	%	$	97,468	10	%
Owner-Occupied	48,390		50,977		(5)		84,505		(43)
Total Commercial & Industrial	155,394		171,084		(9)		181,973		(15)
Multi-Family	1,692		1,718		(2)		1,702		(1)
Office Buildings	78,281		7,350		nm		27,810		181
Shopping Centers	523		541		(3)		653		(20)
Warehouses	163		177		(8)		207		(21)
Other Investment Property	1,612		1,782		(10)		572		182
Total Investment Properties	82,271		11,568		nm		30,944		166
1-4 Family Construction	311		311		—		—		nm
1-4 Family Investment Mortgage	2,533		2,749		(8)		3,386		(25)
Total 1-4 Family Properties	2,844		3,060		(7)		3,386		(16)
Residential Development	268		303		(12)		267		—
Land Acquisition	1,422		606		135		538		164
Land and Development	1,690		909		86		805		110
Total Commercial Real Estate	86,805		15,537		459		35,135		147
Consumer Mortgages	48,956		48,352		1		43,863		12
Home Equity	15,837		14,947		6		11,620		36
Other Consumer Loans	5,972		6,186		(3)		7,941		(25)
Total Consumer	70,765		69,485		2		63,424		12
Total	$	312,964	$	256,106	22	%	$	280,532	12	%

Synovus
	CREDIT QUALITY DATA
	(Unaudited)
	(Dollars in thousands)	2024					2023		Third Quarter
		Third			Second	First	Fourth	Third	'24 vs '23
		Quarter			Quarter	Quarter	Quarter	Quarter	% Change
	Non-performing Loans (NPLs)	$	312,964		256,106	350,450	288,177	280,532	12	%
	Other Real Estate and Other Assets	386			823	21,210	—	—	nm
	Non-performing Assets (NPAs)	313,350			256,929	371,660	288,177	280,532	12
	Allowance for Loan Losses (ALL)	484,985			485,101	492,661	479,385	477,532	2
	Reserve for Unfunded Commitments	49,556			53,058	53,579	57,231	55,185	(10)
	Allowance for Credit Losses (ACL)	534,541			538,159	546,240	536,616	532,717	—
	Net Charge-Offs - Quarter	27,052			34,485	44,356	41,574	66,822
	Net Charge-Offs - YTD	105,893			78,841	44,356	153,342	111,768
	Net Charge-Offs / Average Loans - Quarter (1)	0.25		%	0.32	0.41	0.38	0.61
	Net Charge-Offs / Average Loans - YTD (1)	0.33			0.36	0.41	0.35	0.34
	NPLs / Loans	0.73			0.59	0.81	0.66	0.64
	NPAs / Loans, ORE and specific other assets	0.73			0.60	0.86	0.66	0.64
	ACL/Loans	1.24			1.25	1.26	1.24	1.22
	ALL/Loans	1.12			1.13	1.14	1.10	1.09
	ACL/NPLs	170.80			210.13	155.87	186.21	189.90
	ALL/NPLs	154.96			189.41	140.58	166.35	170.22
	Past Due Loans over 90 days and Still Accruing	$	4,359		4,460	3,748	5,053	3,792	15
	As a Percentage of Loans Outstanding	0.01		%	0.01	0.01	0.01	0.01
	Total Past Due Loans and Still Accruing	$	97,229		129,759	54,814	59,099	54,974	77
	As a Percentage of Loans Outstanding	0.23		%	0.30	0.13	0.14	0.13
	(1) Ratio is annualized.
	SELECTED CAPITAL INFORMATION (1)
	(Unaudited)
	(Dollars in thousands)
		September 30, 2024			December 31, 2023	September 30, 2023
	Common Equity Tier 1 Capital Ratio	10.65		%	10.22	10.13
	Tier 1 Capital Ratio	11.77			11.28	11.18
	Total Risk-Based Capital Ratio	13.62			13.07	13.12
	Tier 1 Leverage Ratio	9.55			9.49	9.38
	Total Synovus Financial Corp. shareholders' equity as a Percentage of Total Assets	8.99			8.56	7.65
	Tangible Common Equity Ratio (2) (4)	7.28			6.84	5.90
	Book Value Per Common Share (3)	$	33.94		31.24	27.36
	Tangible Book Value Per Common Share (2)	30.29			27.65	23.74
	(1) Current quarter regulatory capital information is preliminary.
	(2) Excludes the carrying value of goodwill and other intangible assets from common equity and total assets.
	(3) Book Value Per Common Share consists of Total Synovus Financial Corp. shareholders’ equity less Preferred stock divided by total common shares outstanding.
	(4) See "Non-GAAP Financial Measures" for applicable reconciliation.