Synovus Bank


1111 Bay Ave
Columbus, GA 31901
See all branch locations →

Phone 1-888-796-6887

Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Synovus Bank is an FDIC insured institution located in Columbus, GA. It was founded in 1888 and has approximately $59.72 billion in assets. Customers can open an account at one of its 267 branches.

FDIC Insured Yes
FDIC Certificate # 873
Date Established 1888
Assets $ 59.72 billion
Loans $ 42.95 billion
Deposits $ 51.18 billion
Capital $ 4.86 billion

For a more detailed analysis of Synovus Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 20, 2024

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
Inspire Checking 0.00% $100,000 $50.00 Learn MoreShow Less

Loan Rates - July 20, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Synovus Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2024

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PenFed Credit Union
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6.644% 6.500%
0.50 points
$4,803 fees
$2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.711% 6.625%
0.63 points
$2,850 fees
$2,049 Learn More
New American Funding, LLC.
NMLS ID: 6606
6.831% 6.740%
0.88 points
$2,989 fees
$2,074 Learn More
Rocket Mortgage
NMLS ID: 3030
7.076% 6.990%
0.88 points
$2,800 fees
$2,127 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to Synovus Bank
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Climate Policy and Initiatives

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Financial Details

Synovus Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Synovus Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Synovus Bank U.S. Bank Average
7.01% 4.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2024, Synovus Bank had $354,198,000 in non-current loans and $21,210,000 in owned real estate. To cover these potential losses it had $4,864,577,000 in equity and $492,661,000 in loans loss reserves. That gives it a Texas Ratio of 7.01%.

Return on Equity
Synovus Bank U.S. Bank Average
10.24% 10.46%

Synovus Bank has a Return on Equity of 10.24% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Synovus Bank U.S. Bank Average
8.15% 10.73%

Synovus Bank has a Capitalization of 8.15% versus the BestCashCow average of 10.73. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Synovus Bank Balance Sheet Analysis

As of March 31, 2024, Synovus Bank had assets of $59,715,619,000, loans of $42,947,802,000, and deposits of $51,179,997,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2024
Cash & Balances due from depository institutions $ 2.32 billion
Interest-bearing balances $ 1,838.55 million
Total securities $ 9.71 billion
Federal funds sold and reverse repurchase $ 38.42 million
Net loans and leases $ 42.95 billion
Loan loss allowance $ 492.66 million
Trading account assets $ 105.64 million
Bank premises and fixed assets N.A.
Other real estate owned $ 21.21 million
Goodwill and other intangibles $ 525.31 million
All other assets $ 2.56 billion
     Total Assets $ 54.85 billion
Total deposits $ 51.18 billion
      Interest-bearing deposits $ 39.06 billion
      Deposits held in domestic offices $ 51.18 billion
      % insured (estimated) 53.73%
Federal funds purchased and repurchase agreements $ 128.24 million
Trading liabilities $ 277.20 million
Other borrowed funds $ 1,350.70 million
Subordinated debt $ 191.91 million
All other liabilities $ 1,097.27 million
      Total Liabilities $ 54.85 billion
      Shareholders’ Equity $ 4.86 billion

Summary Income Statement

March 31, 2024
Total Interest Income $ 781.98 million
Total Interest Expense $ 356.94 million
Net interest income $ 425.03 million
Provision for loan and lease losses $ 53.98 million
Total non interest income $ 92.64 million
Total non interest expense $ 301.17 million
Pre-tax Net Operating Income $ 459.79 million

Bank Loan Profile?

The top three loan types in Synovus Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Georgia, Synovus Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.50
Credit Card Loans 0.45
Consumer Auto Loans 1.53
Small Business Loans 3.64
Construction and Development Loans 6.92
Commercial Real Estate 34.10
Commercial and Industrial Loans 22.29
Farm Loans 0.06

Customer Reviews for Synovus Bank

  • June 11, 2015

    Synovus no longer offers this rate as of 5/8/2015---I called and asked

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