Synovus Financial (FRA:SYU1) Tax Rate % : 22.94% (As of Mar. 2024)

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What is Synovus Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Synovus Financial's Tax Expense for the three months ended in Mar. 2024 was €34 Mil. Synovus Financial's Pre-Tax Income for the three months ended in Mar. 2024 was €148 Mil. Therefore, Synovus Financial's Tax Rate % for the quarter that ended in Mar. 2024 was 22.94%.

Synovus Financial Tax Rate % Historical Data

The historical data trend for Synovus Financial's Tax Rate % 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.

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Synovus Financial Tax Rate % Chart

Synovus Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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26.30

22.90

23.14

21.39

22.12

Synovus Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															22.21	21.56	22.33	23.00	22.94

Synovus Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Synovus Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	141.237	/	638.381
	=	22.12 %

Synovus Financial's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	33.988	/	148.132
	=	22.94 %

Synovus Financial Tax Rate % Related Terms

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Synovus Financial (FRA:SYU1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Synovus Financial Corp (FRA:SYU1) » Definitions » Tax Rate %

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

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