Exhibit 12
SYNOVUS FINANCIAL CORP.
RATIO OF EARNINGS TO FIXED CHARGES
RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
(in thousands) | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
Ratio 1 — Including Interest on Deposits Earnings: | ||||||||||||||||||||
Income (loss) from continuing operations before income taxes | (1,605,908 | ) | (660,806 | ) | 520,035 | 638,335 | 559,425 | |||||||||||||
Fixed charges | 506,873 | 787,227 | 1,095,972 | 895,696 | 535,408 | |||||||||||||||
Total | (1,099,035 | ) | 126,421 | 1,616,007 | 1,534,031 | 1,094,833 | ||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on deposits | 456,247 | 667,453 | 912,472 | 746,669 | 408,405 | |||||||||||||||
Interest on short-term borrowings | 3,841 | 38,577 | 92,970 | 72,958 | 34,342 | |||||||||||||||
Interest on long-term debt | 38,791 | 73,657 | 84,014 | 71,050 | 88,299 | |||||||||||||||
Portion of rents representative of the interest factor (1/3) of expense | 7,994 | 7,540 | 6,516 | 5,019 | 4,362 | |||||||||||||||
Total fixed charges | 506,873 | 787,227 | 1,095,972 | 895,696 | 535,408 | |||||||||||||||
Ratio of earnings to fixed charges | (2.17x | ) | 0.16x | 1.47x | 1.71x | 2.04x | ||||||||||||||
Ratio 1 — Excluding Interest on Deposits Earnings: | ||||||||||||||||||||
Income (loss) from continuing operations before income taxes | (1,605,908 | ) | (660,806 | ) | 520,035 | 638,335 | 559,425 | |||||||||||||
Fixed charges | 50,626 | 119,774 | 183,500 | 149,027 | 127,003 | |||||||||||||||
Total | (1,555,282 | ) | (541,032 | ) | 703,535 | 787,362 | 686,428 | |||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on short-term borrowings | 3,841 | 38,577 | 92,970 | 72,958 | 34,342 | |||||||||||||||
Interest on long-term debt | 38,791 | 73,657 | 84,014 | 71,050 | 88,299 | |||||||||||||||
Portion of rents representative of the interest factor (1/3) of expense | 7,994 | 7,540 | 6,516 | 5,019 | 4,362 | |||||||||||||||
Total fixed charges | 50,626 | 119,774 | 183,500 | 149,027 | 127,003 | |||||||||||||||
Ratio of earnings to fixed charges | (30.72x | ) | (4.52x | ) | 3.83x | 5.28x | 5.40x |