Synovus Financial (FRA:SYU1) Credit Losses Provision : €195 Mil (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Synovus Financial Credit Losses Provision?

Synovus Financial's credit losses provision for the three months ended in Mar. 2024 was €50 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €195 Mil.

Synovus Financial's quarterly credit losses provision declined from Sep. 2023 (€68 Mil) to Dec. 2023 (€42 Mil) but then increased from Dec. 2023 (€42 Mil) to Mar. 2024 (€50 Mil).

Synovus Financial's annual credit losses provision increased from Dec. 2021 (€-94 Mil) to Dec. 2022 (€80 Mil) and increased from Dec. 2022 (€80 Mil) to Dec. 2023 (€161 Mil).

Synovus Financial Credit Losses Provision Historical Data

The historical data trend for Synovus Financial's Credit Losses Provision 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 Credit Losses Provision Chart

Synovus Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

Get a 7-Day Free Trial

78.95

291.83

-94.03

79.82

161.35

Synovus Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															17.77	35.89	68.00	41.70	49.66

Synovus Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €195 Mil.

Synovus Financial (FRA:SYU1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Synovus Financial Corp (FRA:SYU1) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

SNVpE.PFD:USA SNVpD.PFD:USA SNV:USA SYU1:Germany

Address

1111 Bay Avenue, Suite 500, Columbus, GA, USA, 31901

Website

https://www.synovus.com

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.

Synovus Financial (FRA:SYU1) Headlines

No Headlines