Synovus Financial (SNV) 10-Q 2013 Q3 Quarterly report

EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Nine Months Ended September 30, 2013		Years Ended December 31,
(dollars in thousands)			2012	2011		2010		2009		2008
Ratio 1 – Including interest on deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	192,918	31,477	(59,532	)	(849,170	)	(1,605,908	)	(660,806	)
Fixed charges excluding preferred stock dividends and accretion	95,477		158,224	226,987		342,674		506,873		787,227
Total	$	288,395	189,701	167,455		(506,496	)	(1,099,035	)	126,421
Fixed charges:
Interest on deposits	48,964		95,749	173,885		288,327		456,247		667,453
Interest on short-term borrowings	242		614	1,063		1,921		3,841		38,577
Interest on long-term debt	40,688		53,659	42,654		44,000		38,791		73,657
Portion of rents representative of the interest factor (1/3) of expense	5,583		8,202	9,385		8,426		7,994		7,540
Preferred stock dividends and accretion	44,284		58,704	58,088		57,510		52,395		310
Total fixed charges including preferred stock dividends and accretion	$	139,761	216,928	285,075		400,184		559,268		787,537
Ratio of earnings to fixed charges	2.06x		0.87x	0.59x		(1.27x)		(1.97x)		0.16x
Ratio 2 – Excluding interest on deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	192,918	31,477	(59,532	)	(849,170	)	(1,605,908	)	(660,806	)
Fixed charges excluding preferred stock dividends and accretion	46,513		62,475	53,102		54,347		50,626		119,774
Total	$	239,431	93,952	(6,430	)	(794,823	)	(1,555,282	)	(541,032	)
Fixed charges:
Interest on short-term borrowings	242		614	1,063		1,921		3,841		38,577
Interest on long-term debt	40,688		53,659	42,654		44,000		38,791		73,657
Portion of rents representative of the interest factor (1/3) of expense	5,583		8,202	9,385		8,426		7,994		7,540
Preferred stock dividends and accretion	44,284		58,704	58,088		57,510		52,395		310
Total fixed charges including preferred stock dividends and accretion	$	90,797	121,179	111,190		111,857		103,021		120,084
Ratio of earnings to fixed charges	2.64x		0.78x	(0.06x)		(7.11x)		(15.10x)		(4.51x)