Synovus Financial (SNV) 10-Q 2011 Q3 Quarterly report

EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Nine  Months Ended September  30, 2011
				Years Ended December 31,
(dollars in thousands)				2010			2009			2008			2007			2006
Ratio 1 – Including Interest on Deposits
Earnings:
(Loss) income from continuing operations before income taxes	$	(86,510	)		(849,170	)		(1,605,908	)		(660,806	)		520,035			638,335
Fixed charges		178,748			342,674			506,873			787,227			1,095,972			895,696
Total	$	92,238			(506,496	)		(1,099,035	)		126,421			1,616,007			1,534,031
Fixed Charges:
Interest on deposits	$	138,086			288,327			456,247			667,453			912,472			746,669
Interest on short-term borrowings		850			1,921			3,841			38,577			92,970			72,958
Interest on long-term debt		32,519			44,000			38,791			73,657			84,014			71,050
Portion of rents representative of the interest factor (1/3) of expense		7,293			8,426			7,994			7,540			6,516			5,019
Total fixed charges	$	178,748			342,674			506,873			787,227			1,095,972			895,696
Ratio of earnings to fixed charges		0.52	x		(1.48	x)		(2.17	x)		0.16	x		1.47	x		1.71x
Ratio 2 – Excluding Interest on Deposits
Earnings:
(Loss) income from continuing operations before income taxes	$	(86,510	)		(849,170	)		(1,605,908	)		(660,806	)		520,035			638,335
Fixed charges		40,662			54,347			50,626			119,774			183,500			149,027
Total	$	(45,848	)		(794,823	)		(1,555,282	)		(541,032	)		703,535			787,362
Fixed Charges:
Interest on short-term borrowings	$	850			1,921			3,841			38,577			92,970			72,958
Interest on long-term debt		32,519			44,000			38,791			73,657			84,014			71,050
Portion of rents representative of the interest factor (1/3) of expense		7,293			8,426			7,994			7,540			6,516			5,019
Total fixed charges	$	40,662			54,347			50,626			119,774			183,500			149,027
Ratio of earnings to fixed charges		(1.13	x)		(14.62	x)		(30.72	x)		(4.52	x)		3.83	x		5.28x