Condensed Financial Information Of Synovus Financial Corp. (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheets

Condensed Balance Sheets
	December 31,
(in thousands)	2015			2014
Assets
Cash due from bank subsidiary	$	369,564		234,399
Funds due from other depository institutions(1)	19,911			19,911
Investment in consolidated bank subsidiary, at equity	3,339,233			3,307,353
Investment in consolidated nonbank subsidiaries, at equity(2)	71,350			(247,669	)
Notes receivable from nonbank subsidiaries	67,000			399,168
Other assets	105,513			120,129
Total assets	$	3,972,571		3,833,291
Liabilities and Shareholders' Equity
Liabilities:
Long-term debt	$	960,185		762,272
Other liabilities	12,190			29,749
Total liabilities	972,375			792,021
Shareholders’ equity:
Series C Preferred Stock	125,980			125,980
Common stock	140,592			139,950
Additional paid-in capital	2,989,981			2,960,825
Treasury stock	(401,511		)	(187,774	)
Accumulated other comprehensive loss, net	(29,819		)	(12,605	)
Retained earnings	174,973			14,894
Total shareholders’ equity	3,000,196			3,041,270
Total liabilities and shareholders’ equity	$	3,972,571		3,833,291

⁽¹⁾ Restricted as to withdrawal.

⁽²⁾ Includes non-bank subsidiary formed during 2008 that incurred credit losses, including losses on the disposition of non-performing assets.

Condensed Statements of Income
	Years Ended December 31,
(in thousands)	2015			2014		2013
Income
Cash dividends received from Synovus Bank	$	199,904		90,626		—
Cash distributions received from Synovus Bank(1)	25,096			91,374		680,000
Interest income	8,865			14,262		15,366
Other income	(337		)	(932	)	(2,374	)
Total income	233,528			195,330		692,992
Expenses
Interest expense	46,585			45,726		46,672
Other expenses	10,516			10,337		8,067
Total expenses	57,101			56,063		54,739
Income before income taxes and equity in undistributed income (loss) of subsidiaries	176,427			139,267		638,253
Allocated income tax benefit	(18,808		)	(16,491	)	(16,589	)
Income before equity in undistributed income (loss) of subsidiaries	195,235			155,758		654,842
Equity in undistributed income (loss) of subsidiaries	30,847			39,491		(495,459	)
Net income	226,082			195,249		159,383
Dividends and accretion of discount on preferred stock	10,238			10,238		40,830
Net income available to common shareholders	$	215,844		185,011		118,553

Schedule of Condensed Statements of Operations

Condensed Statements of Income
	Years Ended December 31,
(in thousands)	2015			2014		2013
Income
Cash dividends received from Synovus Bank	$	199,904		90,626		—
Cash distributions received from Synovus Bank(1)	25,096			91,374		680,000
Interest income	8,865			14,262		15,366
Other income	(337		)	(932	)	(2,374	)
Total income	233,528			195,330		692,992
Expenses
Interest expense	46,585			45,726		46,672
Other expenses	10,516			10,337		8,067
Total expenses	57,101			56,063		54,739
Income before income taxes and equity in undistributed income (loss) of subsidiaries	176,427			139,267		638,253
Allocated income tax benefit	(18,808		)	(16,491	)	(16,589	)
Income before equity in undistributed income (loss) of subsidiaries	195,235			155,758		654,842
Equity in undistributed income (loss) of subsidiaries	30,847			39,491		(495,459	)
Net income	226,082			195,249		159,383
Dividends and accretion of discount on preferred stock	10,238			10,238		40,830
Net income available to common shareholders	$	215,844		185,011		118,553

⁽¹⁾ Cash distributions from Synovus Bank of $91.4 million and $680.0 million for the years ended December 31, 2014 and 2013 were previously reported as a component of cash dividends received. These amounts represent cash distributions from Synovus Bank while it was in an accumulated deficit position and have been re-classified to cash distributions to conform to changes in presentation for regulatory reporting purposes.

Schedule of Condensed Statements of Comprehensive Income (Loss)

Condensed Statements of Comprehensive Income
	December 31, 2015								December 31, 2014						December 31, 2013
(in thousands)	Before-tax Amount			Tax (Expense) Benefit		Net of Tax Amount			Before-tax Amount		Tax (Expense) Benefit		Net of Tax Amount		Before-tax Amount		Tax (Expense) Benefit		Net of Tax Amount
Net income	$	358,573		(132,491	)	226,082			$	302,559	(107,310	)	195,249		252,628		(93,245	)	159,383
Reclassification adjustment for losses realized in net income on cash flow hedges	521			(201	)	320			448		(173	)	275		447		(173	)	274
Net unrealized gains on investment securities available for sale	2,908			(1,120	)	1,788			21		(8	)	13		3,246		(1,250	)	1,996
Other comprehensive (loss) gain of bank subsidiary	(31,420		)	12,098		(19,322		)	46,122		(17,757	)	28,365		(77,460	)	29,831		(47,629	)
Other comprehensive (loss) income	$	(27,991	)	10,777		(17,214		)	$	46,591	(17,938	)	28,653		(73,767	)	28,408		(45,359	)
Comprehensive income						$	208,868						$	223,902					114,024

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows
	Years Ended December 31,
(in thousands)	2015			2014		2013
Operating Activities
Net income	$	226,082		195,249		159,383
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed (income) loss of subsidiaries	(30,847		)	(39,491	)	495,459
Deferred income tax benefit	(2,506		)	(5,041	)	(11,375	)
Net (decrease) increase in other liabilities	(1,709		)	(22,323	)	11,845
Net decrease (increase) in other assets	1,045			14,226		(11,238	)
Other, net	(178		)	(2,041	)	(2,183	)
Net cash provided by operating activities	191,887			140,579		641,891
Investing Activities
Net decrease in short-term notes receivable from non-bank subsidiaries	10,000			39,000		5,768
Net cash provided by investing activities	10,000			39,000		5,768
Financing Activities
Dividends paid to common and preferred shareholders	(65,592		)	(53,043	)	(72,898	)
Repurchases and agreements to repurchase shares of common stock	(199,221		)	(88,113	)	—
Repayments on long-term debt	(48,553		)	—		(74,178	)
Proceeds from issuance of long-term debt	246,644			—		—
Proceeds from issuance of Series C Preferred Stock, net of issuance costs	—			—		125,862
Redemption of Series A Preferred Stock	—			—		(967,870	)
Proceeds from issuance of common stock, net of issuance costs	—			—		175,174
Net cash used in financing activities	(66,722		)	(141,156	)	(813,910	)
Increase (decrease) in cash and funds due from banks	135,165			38,423		(166,251	)
Cash and funds due from banks at beginning of year	254,310			215,887		382,138
Cash and funds due from banks at end of year	$	389,475		254,310		215,887