Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
1111 Bay Avenue
Columbus, GA 31901

Synovus Bank is headquartered in Columbus and is the 2nd largest bank in the state of Georgia. It is also the 53rd largest bank in the nation. It was established in 1888 and as of December of 2013, it had grown to 4,459 employees at 285 locations. Synovus Bank has a B+ health rating.

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Synovus Bank had $492.94 million in non-current loans and owned real-estate with $3.52 billion in equity and loan loss allowances on hand to cover it. This gives Synovus Bank a Texas Ratio of 14.00% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Synovus Bank experienced no significant changes from 15.40% as of December 31, 2012 to 14.00% as of December 31, 2013, resulting in a positive change of 9.11%.This indicates that the balance sheet and financial strength for Synovus Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Synovus Bank has decreased its total deposits by -$347.24 million, resulting in -1.62% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Synovus Bank has shown is average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Synovus Bank has $25.88 billion in assets with $3.52 billion in equity, resulting in a capitalization level of 13.61%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #873
Year Established1888
Employees4459
Primary RegulatorFDIC
Assets and Liabilities
Assets$25.88 billion
Loans$19.76 billion
Deposits$21.08 billion
Equity Capital$3.22 billion
Loan Loss Allowance$301.41 million
Unbacked Noncurrent Loans$394.38 million
Real Estate Owned$98.56 million
Historic Data - December 2012
Assets$26.43 billion
Equity Capital$3.73 billion
Loan Loss Allowance$365.55 million
Unbacked Noncurrent Loans$394.38 million
Real Estate Owned$121.03 million
Profit Margin - Quarterly
Net Interest Margin3.6%
Return on Assets0.75%
Return on Equity5.49%
Interest Income$927.46 million
Rates

Sorry, we do not have rate data for Synovus Bank

Locations

Synovus Bank has 282 locations. Click to view all Synovus Bank locations.