Shareholders' Equity and Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2020

The following table presents dividends declared related to common stock. For information related to preferred stock dividends, see "Part II - Item 8. Financial Statements and Supplementary Data - Note 10 - Shareholders' Equity and Other Comprehensive Income" to the consolidated financial statements of Synovus' 2019 Form 10-K.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Cash dividends declared per share	$	0.33	$	0.30	$	0.99	$	0.90

Share-based Compensation, Stock Options, Activity


	Stock Options
(in thousands, except per share amounts)	Quantity	Weighted-Average Exercise Price Per Share
Outstanding at January 1, 2020	3,037	$	22.74
Exercised	(239)	28.28
Expired/canceled	(64)	29.75
Outstanding at September 30, 2020	2,734	$	22.09

Schedule of Nonvested Share Activity


	RSUs, MRSUs, and PSUs
(in thousands, except per share amounts)	Quantity	Weighted-Average Grant Date Fair Value Per Share
Non-vested at January 1, 2020	1,312	$	39.28
Granted	893	32.91
Quantity change based on TSR and performance factors	44	35.11
Dividend equivalents granted	56	33.50
Vested	(590)	38.85
Forfeited	(58)	36.22
Non-vested at September 30, 2020	1,657	$	35.80

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes)

The following tables illustrate activity within the balances in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2020 and 2019.


Changes in Accumulated Other Comprehensive Income (Loss) by Component (Net of Income Taxes)
(in thousands)	Net unrealized gains (losses) on investment securities available for sale(1)		Net unrealized gains (losses) on cash flow hedges(1)		Post-retirement unfunded health benefit		Total
Balance, July 1, 2020	$	134,245	$	68,263	$	462	$	202,970
Other comprehensive income (loss) before reclassifications	(21,806)		(6,635)		—		(28,441)
Amounts reclassified from AOCI	1,149		(764)		—		385
Net current period other comprehensive income (loss)	(20,657)		(7,399)		—		(28,056)
Balance at September 30, 2020	$	113,588	$	60,864	$	462	$	174,914

Balance, July 1, 2019	$	60,586	$	(12,137)	$	840	$	49,289
Other comprehensive income (loss) before reclassifications	25,133		(876)		(378)		23,879
Amounts reclassified from AOCI	2,765		—		—		2,765
Net current period other comprehensive income (loss)	27,898		(876)		(378)		26,644
Balance at September 30, 2019	$	88,484	$	(13,013)	$	462	$	75,933

Balance, January 1, 2020	$	83,666	$	(18,487)	$	462	$	65,641
Other comprehensive income (loss) before reclassifications	86,678		80,404		—		167,082
Amounts reclassified from AOCI	(56,756)		(1,053)		—		(57,809)
Net current period other comprehensive income (loss)	29,922		79,351		—		109,273
Balance at September 30, 2020	$	113,588	$	60,864	$	462	$	174,914

Balance, January 1, 2019	$	(83,179)	$	(12,137)	$	896	$	(94,420)
Other comprehensive income (loss) before reclassifications	167,586		(876)		(378)		166,332
Amounts reclassified from AOCI	4,077		—		(56)		4,021
Net current period other comprehensive income (loss)	171,663		(876)		(434)		170,353
Balance at September 30, 2019	$	88,484	$	(13,013)	$	462	$	75,933

(1) For all periods presented, the ending balance in net unrealized gains (losses) on cash flow hedges and investment securities available for sale includes unrealized losses of $12.1 million and $13.3 million, respectively, related to residual tax effects remaining in OCI due to previously established deferred tax asset valuation allowances in 2010 and 2011. In accordance with ASC 740-20-45-11(b), under the portfolio approach, these unrealized losses are realized at the time the entire portfolio is sold or disposed.