Synovus Financial (SNV) 10-Q 2015 Q2 Quarterly report

EXHIBIT 12.1

SYNOVUS FINANCIAL CORP.

RATIO OF EARNINGS TO FIXED CHARGES

	Six Months Ended June 30, 2015			Years Ended December 31,
(dollars in thousands)				2014		2013	2012	2011		2010
Ratio 1 – Including interest on deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	173,847		302,559		252,628	31,477	(59,532	)	(849,170	)
Fixed charges excluding preferred stock dividends and accretion	61,774			117,001		126,379	158,225	225,938		342,675
Total	$	235,621		419,560		379,007	189,702	166,406		(506,495	)
Fixed charges:
Interest on deposits	31,631			55,179		64,392	95,749	173,885		288,327
Interest on short-term borrowings	89			220		324	614	1,063		1,921
Interest on long-term debt	26,427			54,009		54,106	53,659	42,654		44,000
Portion of rents representative of the interest factor (1/3) of expense	3,626			7,593		7,557	8,203	8,336		8,426
Preferred stock dividends and accretion	5,119			10,238		40,830	58,703	58,088		57,510
Total fixed charges including preferred stock dividends and accretion	$	66,892		127,239		167,209	216,928	284,026		400,184
Ratio of earnings to fixed charges	3.52		x	3.30	x	2.27x	0.87x	0.59x		nm
Ratio 2 – Excluding interest on deposits
Earnings:
Income (loss) from continuing operations before income taxes	$	173,847		302,559		252,628	31,477	(59,532	)	(849,170	)
Fixed charges excluding preferred stock dividends and accretion	30,142			61,822		61,987	62,475	52,053		54,347
Total	$	203,989		364,381		314,615	93,952	(7,479	)	(794,823	)
Fixed charges:
Interest on short-term borrowings	89			220		324	614	1,063		1,921
Interest on long-term debt	26,427			54,009		54,106	53,659	42,654		44,000
Portion of rents representative of the interest factor (1/3) of expense	3,626			7,593		7,557	8,203	8,337		8,426
Preferred stock dividends and accretion	5,119			10,238		40,830	58,703	58,088		57,510
Total fixed charges including preferred stock dividends and accretion	$	35,261		72,060		102,817	121,179	110,142		111,857
Ratio of earnings to fixed charges	5.79		x	5.06	x	3.06x	0.78x	nm		nm