Synovus Financial (SNV) 10-Q2012 Q2 Quarterly report

Filed: 9 Nov 12, 12:00am

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New words: adequacy, aggressively, annum, appointed, behavior, beta, carryfoward, cast, claw, clearing, Comptroller, concert, country, delayed, disadvantage, disincentive, dismissed, distribution, excessive, FIN, goal, HAP, hiring, illustrate, imprudent, inappropriate, instance, interrupted, jointly, monetary, motivate, motivated, opt, owner, perception, persist, prejudice, prevail, principle, proactive, recruit, recruitment, repaid, Richard, runoff, safety, sixty, sluggish, stockholder, technology, Thrift, undermine, unsustainable, vary, virtue

Removed: alerting, coupled, cushion, delinquency, demonstrated, emerge, half, heightened, improving, insufficient, moved, objectively, outcome, overdraw, percent, realization, realizing, recoverability, representative, stable, sustainable, unchanged, unencumbered

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EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES



	Nine Months Ended September 30, 2012	Years Ended December 31,
(dollars in thousands)	Nine Months Ended September 30, 2012	2011		2010		2009		2008		2007
Ratio 1 – including interest on deposits
Earnings:
(Loss) income from continuing operations before income taxes	103,715	(59,532	)	(849,170	)	(1,605,908	)	(660,806	)	520,035
Fixed charges	123,666	226,987		342,674		506,873		787,227		1,095,972
Total	227,381	167,455		(506,496	)	(1,099,035	)	126,421		1,616,007
Fixed charges:
Interest on deposits	77,529	173,885		288,327		456,247		667,453		912,472
Interest on short-term borrowings	505	1,063		1,921		3,841		38,577		92,970
Interest on long-term debt	39,445	42,654		44,000		38,791		73,657		84,014
Portion of rents representative of the interest factor (1/3) of expense	6,187	9,385		8,426		7,994		7,540		6,516
Total fixed charges	123,666	226,987		342,674		506,873		787,227		1,095,972
Ratio of earnings to fixed charges	1.84x	0.74x		(1.48x)		(2.17x)		0.16x		1.47x
Ratio 1 – Excluding interest on deposits
Earnings:
(Loss) income from continuing operations before income taxes	103,715	(59,532	)	(849,170	)	(1,605,908	)	(660,806	)	520,035
Fixed charges	46,137	53,102		54,347		50,626		119,774		183,500
Total	149,852	(6,430	)	(794,823	)	(1,555,282	)	(541,032	)	703,535
Fixed charges:
Interest on short-term borrowings	505	1,063		1,921		3,841		38,577		92,970
Interest on long-term debt	39,445	42,654		44,000		38,791		73,657		84,014
Portion of rents representative of the interest factor (1/3) of expense	6,187	9,385		8,426		7,994		7,540		6,516
Total fixed charges	46,137	53,102		54,347		50,626		119,774		183,500
Ratio of earnings to fixed charges	3.25x	(0.12x)		(14.62x)		(30.72x)		(4.52x)		3.83x

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