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Synovus Financial (Synovus Financial) Pre-Tax Income : $696 Mil (TTM As of Dec. 2023)


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What is Synovus Financial Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Synovus Financial's pretax income for the three months ended in Dec. 2023 was $90 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $696 Mil. Synovus Financial's pretax margin was 18.27%.

During the past 13 years, Synovus Financial's highest Pretax Margin was 49.89%. The lowest was 24.00%. And the median was 34.11%.


Synovus Financial Pre-Tax Income Historical Data

The historical data trend for Synovus Financial's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Synovus Financial Pre-Tax Income Chart

Synovus Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 765.02 484.67 989.36 964.18 696.16

Synovus Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 259.91 259.87 221.75 124.19 90.35

Competitive Comparison of Synovus Financial's Pre-Tax Income

For the Banks - Regional subindustry, Synovus Financial's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Synovus Financial's Pre-Tax Income Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Synovus Financial's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Synovus Financial's Pre-Tax Income falls into.



Synovus Financial Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Synovus Financial's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Other
=0+696.162
=696

Synovus Financial's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Other
=0+90.352
=90

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $696 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Synovus Financial  (NYSE:SNV) Pre-Tax Income Explanation

Synovus Financial's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pretax Income/Revenue
=90.352/494.538
=18.27%

During the past 13 years, Synovus Financial's highest Pretax Margin was 49.89%. The lowest was 24.00%. And the median was 34.11%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Synovus Financial Pre-Tax Income Related Terms

Thank you for viewing the detailed overview of Synovus Financial's Pre-Tax Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Synovus Financial (Synovus Financial) Business Description

Address
1111 Bay Avenue, Suite 500, Columbus, GA, USA, 31901
Synovus Financial Corp provides commercial and consumer banking in addition to a full suite of specialized products & services such as private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, & international banking to clients through the wholly-owned subsidiary bank, Synovus Bank, and other offices in Alabama, Florida, Georgia, South Carolina, and Tennessee. It has four segments Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, out of which the majority is from the Wholesale banking segment.
Executives
Allan E Kamensky officer: EVP and General Counsel P.O. BOX 120, COLUMBUS GA 31902
Eli Samaha 10 percent owner ONE WORLD TRADE CENTER, FLOOR 65, NEW YORK NY 10007
Shellie Creson officer: EVP and Chief Risk Officer 1111 BAY AVENUE, COLUMBUS GA 31901
John H. Irby director 1111 BAY AVENUE, COLUMBUS GA 31901
Daniel Zachary Bishop officer: EVP, Tech., Ops., & Sec. 1111 BAY AVENUE, COLUMBUS GA 31901
Kevin S. Blair officer: President and CEO 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Diana M Murphy director C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Stacy Apter director 1111 BAY AVENUE, COLUMBUS GA 31901
Thomas T Dierdorff officer: EVP, Corp. & Inv. Banking 1111 BAY AVENUE, COLUMBUS GA 31901
Alexandra Villoch director 1111 BAY AVENUE, COLUMBUS GA 31901
Prochaska Joseph J Jr director METLIFE, 200 PARK AVENUE, NEW YORK NY 10166
Teresa L White director 1932 WYNNTON RD, COLUMBUS GA 31999
Gregory Andrew J. Jr. officer: EVP & Chief Financial Officer 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Robert Warren Derrick officer: EVP & Chief Credit Officer 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901
Elizabeth D. Wolverton officer: EVP, Head Con. Bank. Brand Exp 1111 BAY AVENUE, SUITE 500, COLUMBUS GA 31901