Synovus Financial (SNV) 8-K Synovus Reports Earnings per Share of $1.60 for 2007

Exhibit 99.2

Synovus 5 of 10

INCOME STATEMENT DATA	Twelve Months Ended
(Unaudited)	December 31,
(In thousands, except per share data)	2007			2006			Change
Interest income (taxable equivalent)	$	2,243,463			2,022,257			10.9	%
Interest expense		1,089,456			890,677			22.3
Net interest income (taxable equivalent)		1,154,007			1,131,580			2.0
Tax equivalent adjustment		5,059			5,791			(12.6	)
Net interest income		1,148,948			1,125,789			2.1
Provision for loan losses		170,208			75,148			126.5
Net interest income after provision		978,740			1,050,641			(6.8	)
Non-interest income:
Service charges on deposits		112,142			112,417			(0.2	)
Fiduciary and asset management fees		50,761			48,627			4.4
Brokerage and investment banking revenue		31,980			26,729			19.6
Mortgage banking income		27,006			29,255			(7.7	)
Bankcard fees		47,770			44,303			7.8
Securities gains (losses)		980			(2,118	)	nm
Other fee income		39,307			38,743			1.5
Other non-interest income		79,082			61,474			28.6
Total non-interest income		389,028			359,430			8.2
Non-interest expense:
Personnel expense		455,158			450,373			1.1
Occupancy and equipment expense		112,888			100,270			12.6
Other non-interest expense		235,248			213,890			10.0
Visa litigation expense		36,800			—		nm
Total non-interest expense		840,094			764,533			9.9
Income from continuing operations before income taxes		527,674			645,538			(18.3	)
Income taxes		184,739			230,435			(19.8	)
Income from continuing operations		342,935			415,103			(17.4	)
Income from discontinued operations, net of income taxes and minority interest (1)		183,370			201,814			(9.1	)
Net income	$	526,305			616,917			(14.7	)
Basic earnings per share
Income from continuing operations	$	1.05			1.29			(18.8	)%
Net income		1.61			1.92			(16.2	)
Diluted earnings per share
Income from continuing operations		1.04			1.28			(18.8	)
Net income		1.60			1.90			(16.1	)
Cash dividends declared per share		0.82			0.78			5.1
Return on average assets		1.60	%		2.07		(47)bp
Return on average equity		13.37			18.31			(494	)
Average shares outstanding — basic		326,849			321,241			1.7	%
Average shares outstanding — diluted		329,863			324,232			1.7

bp	- change is measured as difference in basis points.
nm	- not meaningful
(1)	On December 31, 2007, Synovus Financial Corp. completed the spin-off of its shares of Total System Services, Inc. (“TSYS”) common stock to Synovus shareholders. In accordance with the provisions of Statement of Financial Accounting Standards (SFAS) No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” and SFAS No. 146, “ Accounting for Costs Associated with Exit or Disposal Activities,” the current period and historical consolidated results of operations of TSYS, as well as all costs recorded by Synovus Financial Corp. associated with the spin-off of TSYS, are now presented as a discontinued operation. Additionally, 2007 discontinued operations includes a second quarter $4.2 million after-tax gain related to the transfer of Synovus’ proprietary mutual funds to a non-affiliated third party.

Synovus 6 of 10

INCOME STATEMENT DATA
(Unaudited)
(In thousands, except per share data)

	2007									2006		4th Quarter
	Fourth			Third		Second		First		Fourth		‘07 vs. ‘06
	Quarter			Quarter		Quarter		Quarter		Quarter		Change
Interest income (taxable equivalent)	$	554,989			573,545		565,777		549,243		547,079		1.4	%
Interest expense		267,102			281,478		276,017		264,950		256,760		4.0
Net interest income (taxable equivalent)		287,887			292,067		289,760		284,293		290,319		(0.8	)
Tax equivalent adjustment		1,202			1,228		1,285		1,344		1,448		(17.0	)
Net interest income		286,685			290,839		288,475		282,949		288,871		(0.8	)
Provision for loan losses		70,642			58,770		20,281		20,515		18,675		278.3
Net interest income after provision		216,043			232,069		268,194		262,434		270,196		(20.0	)
Non-interest income:
Service charges on deposits		28,985			28,736		28,050		26,370		28,136		3.0
Fiduciary and asset management fees		13,110			12,524		12,658		12,473		12,921		1.5
Brokerage and investment banking revenue		8,598			8,123		7,809		7,449		6,721		27.9
Mortgage banking income		6,130			5,955		7,695		7,226		6,837		(10.3	)
Bankcard fees		12,400			11,923		11,567		11,880		11,218		10.5
Securities gains (losses)		90			186		258		447		—	nm
Other fee income		9,559			9,910		10,411		9,427		9,079		5.3
Other non-interest income		20,126			28,837		17,883		12,231		22,682		(11.3	)
Total non-interest income		98,998			106,194		96,331		87,503		97,594		1.4
Non-interest expense:
Personnel expense		109,468			115,941		115,822		113,927		115,130		(4.9	)
Occupancy and equipment expense		29,976			28,055		27,572		27,290		26,370		13.7
Other non-interest expense		70,965			56,429		54,267		53,580		61,930		14.6
Visa litigation expense		24,800			12,000		—		—		—	nm
Total non-interest expense		235,209			212,425		197,661		194,797		203,430		15.6
Income from continuing operations before income taxes		79,832			125,838		166,864		155,140		164,360		(51.4	)
Income taxes		26,690			42,261		61,055		54,733		59,384		(55.1	)
Income from continuing operations		53,142			83,577		105,809		100,407		104,976		(49.4	)
Income from discontinued operations, net of income taxes and minority interest (1)		28,717			51,366		56,941		46,346		70,571		(59.3	)
Net income	$	81,859			134,943		162,750		146,753		175,547		(53.4	)
Basic earnings per share
Income from continuing operations	$	0.16			0.26		0.32		0.31		0.32		(49.9	)%
Net income		0.25			0.41		0.50		0.45		0.54		(53.9	)
Diluted earnings per share
Income from continuing operations		0.16			0.25		0.32		0.30		0.32		(49.6	)
Net income		0.25			0.41		0.49		0.45		0.54		(53.6	)
Cash dividends declared per share		0.21			0.21		0.21		0.21		0.20		5.1
Return on average assets *		0.96	%		1.70		2.00		1.86		2.22	(126		)bp
Return on average equity *		7.97			14.02		16.69		15.94		19.03		(1,106	)
Average shares outstanding - basic		328,052			327,215		326,410		325,687		324,555		1.1	%
Average shares outstanding - diluted		329,453			330,160		330,263		329,573		328,122		0.4

bp	—	change is measured as difference in basis points.
nm	—	not meaningful
*	—	ratios are annualized
(1)		On December 31, 2007, Synovus Financial Corp. completed the spin-off of its shares of Total System Services, Inc. (“TSYS”) common stock to Synovus shareholders. In accordance with the provisions of Statement of Financial Accounting Standards (SFAS) No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” and SFAS No. 146, “Accounting for Costs Associated with Exit or Disposal Activities,” the current period and historical consolidated results of operations of TSYS, as well as all costs recorded by Synovus Financial Corp. associated with the spin-off of TSYS, are now presented as a discontinued operation. Additionally, discontinued operations for the three months ended June 30, 2007 includes a $4.2 million after-tax gain related to the transfer of Synovus’ proprietary mutual funds to a non-affiliated third party.

Synovus 7 of 10

BALANCE SHEET DATA

(Unaudited)
(In thousands, except share data)

	December 31, 2007			September 30, 2007			December 31, 2006
ASSETS
Cash and due from banks	$	682,583			642,882			713,053
Interest earning deposits with banks		10,950			4,318			19,315
Federal funds sold and securities purchased under resale agreements		76,086			113,654			101,091
Trading account assets		17,803			33,009			15,266
Mortgage loans held for sale		153,437			165,837			175,042
Investment securities available for sale		3,666,974			3,628,766			3,352,357
Loans, net of unearned income		26,498,585			25,774,656			24,654,552
Allowance for loan losses		(367,613	)		(356,887	)		(314,459	)
Loans, net		26,130,972			25,417,769			24,340,093
Premises and equipment, net		547,437			527,415			481,415
Goodwill, net		519,138			519,138			515,719
Other intangible assets, net		28,007			29,945			29,117
Other assets		1,067,893			1,002,259			720,870
Assets of discontinued operation (1)		—			1,490,671			1,391,435
Total assets	$	32,901,280			33,575,663			31,854,773
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits:
Non-interest bearing retail and commercial deposits	$	3,472,423			3,566,749			3,768,775
Interest bearing retail and commercial deposits		18,199,997			18,196,568			17,745,204
Total retail and commercial deposits		21,672,420			21,763,317			21,513,979
Brokered time deposits		3,287,396			2,872,979			3,014,495
Total deposits		24,959,816			24,636,296			24,528,474
Federal funds purchased and other short-term liabilities		2,319,412			2,581,088			1,582,487
Long-term debt		1,890,235			1,680,478			1,343,358
Other liabilities		293,253			282,360			320,861
Liabilities of and minority interest in discontinued operation (1)		—			341,085			370,943
Total liabilities		29,462,716			29,521,307			28,146,123
Shareholders’ equity:
Common stock, par value $1.00 a share (2)		335,529			334,095			331,214
Additional paid-in capital		1,098,184			1,107,653			1,033,055
Treasury stock (3)		(113,944	)		(113,944	)		(113,944	)
Accumulated other comprehensive income (loss)		31,439			23,339			(2,129	)
Retained earnings		2,087,356			2,703,213			2,460,454
Total shareholders’ equity (4)		3,438,564			4,054,356			3,708,650
Total liabilities and shareholders’ equity	$	32,901,280			33,575,663			31,854,773

(1)	On December 31, 2007, Synovus Financial Corp. completed the spin-off of its shares of Total System Services, Inc. (“TSYS”) common stock to Synovus shareholders. In accordance with Statement of Financial Accounting Standards No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” all prior period assets and liabilities of TSYS are presented as a discontinued operation.
(2)	Common shares outstanding: 329,867,944; 328,433,944 and 325,552,375 at December 31, 2007, September 30, 2007, and December 31, 2006, respectively.
(3)	Treasury shares: 5,661,538 at December 31, 2007, September 30, 2007, and December 31, 2006.
(4)	Book value per share: $10.42 ; $12.34; and $11.39 at December 31, 2007, September 30, 2007, and December 31, 2006, respectively.

Synovus 8 of 10

AVERAGE BALANCES AND YIELDS/RATES *
(Unaudited)
(Dollars in thousands)

	2007												2006			Twelve months ended
	Fourth			Third			Second			First			Fourth			December 31,
	Quarter			Quarter			Quarter			Quarter			Quarter			2007			2006
Interest Earning Assets
Taxable Investment Securities	$	3,496,843			3,495,017			3,420,831			3,301,137			3,178,852		$	3,429,175			3,009,962
Yield		4.90	%		4.82			4.83			4.77			4.51			4.83	%		4.31
Tax-Exempt Investment Securities	$	164,587			170,211			178,183			185,012			193,737		$	174,431			198,692
Yield (taxable equivalent)		6.82	%		6.72			6.75			6.84			6.93			6.77	%		6.79
Trading Account Assets	$	29,698			56,217			59,311			64,204			34,471		$	52,274			43,201
Yield		7.05	%		7.15			6.47			5.65			6.67			6.45	%		6.14
Commercial Loans	$	22,157,460			21,820,687			21,739,107			21,242,921			20,791,108		$	21,742,770			19,828,160
Yield		7.69	%		8.13			8.20			8.24			8.25			8.06	%		8.03
Consumer Loans	$	928,942			915,847			896,267			928,256			928,521		$	917,326			903,218
Yield		8.05	%		8.17			8.14			8.01			7.98			8.09	%		7.89
Mortgage Loans	$	1,237,962			1,152,621			1,110,754			1,081,760			1,089,794		$	1,146,221			1,073,296
Yield		7.04	%		7.10			7.03			6.98			6.99			7.04	%		6.86
Credit Card Loans	$	285,410			277,445			275,105			270,444			268,705		$	277,143			263,549
Yield		10.26	%		10.96			10.64			11.17			10.89			10.75	%		10.85
Home Equity Loans	$	1,517,510			1,444,411			1,407,005			1,385,012			1,316,842		$	1,438,864			1,247,715
Yield		7.34	%		7.80			7.82			7.68			7.82			7.66	%		7.70
Allowance for Loan Losses	$	(357,283	)		(335,406	)		(329,028	)		(317,977	)		(317,603	)	$	(335,033	)		(309,658	)
Loans, Net	$	25,770,001			25,275,605			25,099,210			24,590,416			24,077,367		$	25,187,291			23,006,280
Yield		7.79	%		8.21			8.26			8.28			8.29			8.13	%		8.09
Mortgage Loans Held for Sale	$	108,044			176,448			163,364			160,482			149,113		$	152,007			132,332
Yield		6.12	%		6.91			6.18			6.07			6.02			6.36	%		6.54
Federal Funds Sold and Other Short-Term Investments	$	110,745			85,094			131,029			147,857			120,729		$	118,488			132,566
Yield		4.63	%		5.76			5.37			5.55			5.33			5.30	%		5.06
Total Interest Earning Assets	$	29,679,918			29,258,592			29,051,928			28,449,108			27,754,269		$	29,113,665			26,523,033
Yield		7.42	%		7.78			7.81			7.82			7.83			7.71	%		7.62
Interest Bearing Liabilities
Interest Bearing Demand Deposits	$	3,200,408			3,047,279			3,141,899			3,113,531			3,034,375		$	3,125,802			3,006,308
Rate		1.99	%		2.24			2.28			2.30			2.18			2.20	%		1.92
Money Market Accounts	$	7,969,409			7,898,277			7,644,253			7,336,524			7,158,672		$	7,714,360			6,515,079
Rate		3.98	%		4.45			4.51			4.51			4.47			4.36	%		4.14
Savings Deposits	$	454,204			479,479			497,422			502,948			514,317		$	483,368			542,793
Rate		0.35	%		0.48			0.57			0.68			0.72			0.52	%		0.65
Time Deposits Under $100,000	$	2,790,869			2,917,089			3,020,881			3,037,815			3,003,141		$	2,940,920			2,791,759
Rate		4.69	%		4.81			4.85			4.79			4.64			4.78	%		4.15
Time Deposits Over $100,000 (less brokered time deposits)	$	4,006,351			4,029,091			4,118,221			4,101,471			3,997,493		$	4,063,428			3,549,200
Rate		4.98	%		5.12			5.19			5.15			5.08			5.11	%		4.66
Total Interest Bearing Core Deposits		18,421,240			18,371,215			18,422,676			18,092,289			17,707,998		$	18,327,878			16,405,139
Rate		3.87	%		4.19			4.23			4.22			4.14			4.12	%		3.73
Brokered Time Deposits	$	2,941,592			3,188,310			3,175,161			3,030,793			3,137,889		$	3,084,006			2,855,191
Rate		4.98	%		5.19			5.05			5.08			5.01			5.08	%		4.70
Total Interest Bearing Deposits	$	21,362,832			21,559,525			21,597,837			21,123,082			20,845,887		$	21,411,884			19,260,330
Rate		4.02	%		4.33			4.35			4.34			4.27			4.26	%		3.88
Federal Funds Purchased and Other Short-Term Liabilities	$	2,472,339			1,930,598			1,720,535			1,700,304			1,295,379		$	1,957,990			1,578,163
Rate		4.37	%		4.84			4.96			4.86			4.70			4.68	%		4.56
Long-Term Debt	$	1,819,198			1,660,788			1,552,310			1,441,241			1,356,451		$	1,619,536			1,515,306
Rate		5.08	%		5.32			5.18			5.07			4.91			5.12	%		4.62
Total Interest Bearing Liabilities	$	25,654,369			25,150,911			24,870,682			24,264,627			23,497,717		$	24,989,409			22,353,799
Rate		4.12	%		4.43			4.44			4.42			4.33			4.35	%		3.98
Non-Interest Bearing Demand Deposits	$	3,422,684			3,405,622			3,428,246			3,381,056			3,486,641		$	3,409,506			3,518,312
Net Interest Margin		3.86	%		3.97			4.00			4.05			4.16			3.97	%		4.27

*

Yields and rates are annualized.

(1)

On December 31, 2007, Synovus Financial Corp. completed the spin-off of its shares of Total System Services, Inc. (“TSYS”) common stock to Synovus shareholders. In accordance with the provisions of Statement of Financial Accounting Standards No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” the current period and historical consolidated results of operations, assets, and liabilities of TSYS are now presented as a discontinued operation. Accordingly, the above earning assets, liabilities, yields, and cost of funds exclude the amounts related to TSYS due to the de-consolidation of TSYS.

9 of 10

Synovus

LOANS OUTSTANDING AND NONPERFORMING LOANS COMPOSITION
(Unaudited)
(Dollars in thousands)

	December 31, 2007
				Loans as a %			Total		Nonperforming Loans
				of Total Loans			Nonperforming		as a % of Total
Loan Type	Total Loans			Outstanding			Loans		Nonperforming Loans
Multi-Family	$	465,281			1.8	%	$	1,510		0.5	%
Hotels		614,979			2.3			—		—
Office Buildings		953,753			3.6			6,252		1.8
Shopping Centers		836,092			3.2			744		0.2
Commercial Development		963,526			3.6			7,760		2.3
Other Investment Property		685,846			2.6			4,244		1.3
Total Investment Properties		4,519,477			17.1			20,510		6.1
1-4 Family Construction		2,238,925			8.4			105,329		30.8
1-4 Family Perm / Mini-Perm		1,267,451			4.8			34,201		10.0
Residential Development		2,311,459			8.7			79,828		23.3
Total 1-4 Family Properties		5,817,835			21.9			219,358		64.1
Land Acquisition		1,545,933			5.8			35,699		10.4
Total Commercial Real Estate		11,883,245			44.8			275,567		80.6
Commercial , Financial, and Agricultural		6,424,499			24.2			41,808		12.2
Owner-Occupied		4,239,639			16.0			12,091		3.6
Total Commercial & Industrial		10,664,138			40.2			53,899		15.8
Home Equity		1,543,701			5.8			3,892		1.1
Consumer Mortgages		1,667,924			6.3			6,983		2.0
Credit Card		291,149			1.1			—		—
Other Retail Loans		494,591			1.9			1,741		0.5
Total Retail		3,997,365			15.1			12,616		3.6
Unearned Income		(46,163	)		(0.1	)		—		—
Total	$	26,498,585			100.0	%	$	342,082		100.0	%

LOANS OUTSTANDING BY TYPE COMPARISON
(Unaudited)
(Dollars in thousands)

	Total Loans						4Q07 vs. 3Q07						4Q07 vs. 4Q06
Loan Type	December 31, 2007			September 30, 2007			% change (1)			December 31, 2006			% change
Multi-Family	$	465,281			449,814			13.6	%	$	505,586			(8.0	)%
Hotels		614,979			591,527			15.7			643,180			(4.4	)
Office Buildings		953,753			881,138			32.7			881,658			8.2
Shopping Centers		836,092			739,334			51.9			764,924			9.3
Commercial Development		963,526			937,367			11.1			876,570			9.9
Other Investment Property		685,846			652,408			20.3			461,963			48.5
Total Investment Properties		4,519,477			4,251,588			25.0			4,133,881			9.3
1-4 Family Construction		2,238,925			2,302,842			(11.0	)		2,347,025			(4.6	)
1-4 Family Perm / Mini-Perm		1,267,451			1,219,577			15.6			1,193,895			6.2
Residential Development		2,311,459			2,269,844			7.3			2,036,207			13.5
Total 1-4 Family Properties		5,817,835			5,792,263			1.8			5,577,127			4.3
Land Acquisition		1,545,933			1,476,042			18.8			1,402,402			10.2
Total Commercial Real Estate		11,883,245			11,519,893			12.5			11,113,410			6.9
Commercial , Financial, and Agricultural		6,424,499			6,268,524			9.9			5,874,204			9.4
Owner-Occupied		4,239,639			4,166,683			6.9			4,054,728			4.6
Total Commercial & Industrial		10,664,138			10,435,207			8.7			9,928,932			7.4
Home Equity		1,543,701			1,478,694			17.4			1,364,030			13.2
Consumer Mortgages		1,667,924			1,620,730			11.6			1,517,849			9.9
Credit Card		291,149			280,192			15.5			276,269			5.4
Other Retail Loans		494,591			485,928			7.1			500,757			(1.2	)
Total Retail		3,997,365			3,865,544			13.5			3,658,905			9.3
Unearned Income		(46,163	)		(45,988	)		1.5			(46,695	)		(1.1	)
Total	$	26,498,585			25,774,656			11.1	%	$	24,654,552			7.5	%

(1) Percentage change is annualized.

Synovus	10 of 10
CREDIT QUALITY DATA
(Unaudited) (Dollars in thousands)

	2007									2006		4th Quarter
	Fourth			Third		Second		First		Fourth		‘07 vs. ‘06
	Quarter			Quarter		Quarter		Quarter		Quarter		Change
Nonperforming Loans	$	342,082			224,055		180,776		138,790		96,622		254.0	%
Other Real Estate		101,487			76,514		41,259		31,710		25,923		291.4
Nonperforming Assets		443,569			300,569		222,035		170,500		122,545		261.9
Allowance for Loan Losses		367,613			356,887		331,130		326,826		314,459		16.9
Net Charge-Offs — Quarter		59,916			33,013		15,978		8,148		24,190		147.7
Net Charge-Offs — YTD		117,055			57,139		24,126		8,148		60,217		94.4
Net Charge-Offs / Average Loans — Quarter		0.91	%		0.51		0.25		0.13		0.39
Net Charge-Offs / Average Loans — YTD		0.46			0.30		0.19		0.13		0.26
Nonperforming Loans / Loans & ORE		1.29			0.87		0.71		0.55		0.39
Nonperforming Assets / Loans & ORE		1.67			1.16		0.87		0.68		0.50
Allowance / Loans		1.39			1.38		1.30		1.30		1.28
Allowance / Nonperforming Loans		107.46			159.29		183.17		235.48		325.45
Allowance / Nonperforming Assets		82.88			118.74		149.13		191.69		256.61
Past Due Loans over 90 days		33,663			22,667		23,067		27,414		34,495		(2.4	)%
As a Percentage of Loans Outstanding		0.13			0.09		0.09		0.11		0.14
Total Past Dues		270,496			230,035		164,180		150,188		155,058		74.4
As a Percentage of Loans Outstanding		1.02			0.89		0.64		0.60		0.63

REGULATORY CAPITAL RATIOS (1)
(Unaudited)
(Dollars in thousands)

	December 31, 2007			September 30, 2007		December 31, 2006
Tier 1 Capital	$	2,867,720			3,615,522		3,254,603
Total Risk-Based Capital		3,985,344			4,722,409		4,319,062
Tier 1 Capital Ratio		9.10	%		11.42		10.87
Total Risk-Based Capital Ratio		12.64			14.92		14.43
Leverage Ratio		8.65			11.16		10.64

(1) December 31, 2007 information is preliminary.