Synovus Financial Corp.
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Synovus Financial Corp.'s past years’ income statements indicate that its last revenue has decreased compared to the previous period by 8% to $2,034,286,000. Profit margin reached 27%. Total operating expenses were $1,036,076,000.
Profit Margin
| 2014 | 1.07B | 195.24M | 18.23% |
|---|---|---|---|
| 2015 | 1.09B | 226.08M | 20.67% |
| 2016 | 1.16B | 246.78M | 21.15% |
| 2017 | 1.36B | 275.47M | 20.13% |
| 2018 | 1.42B | 428.47M | 30.04% |
| 2019 | 1.94B | 563.78M | 28.94% |
| 2020 | 2.01B | 373.69M | 18.51% |
| 2021 | 1.98B | 760.46M | 38.35% |
| 2022 | 2.20B | 757.90M | 34.35% |
| 2023 | 2.03B | 543.70M | 26.73% |
SNV Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 2.03B | 2.20B | 1.98B | 2.01B | 1.94B | 1.42B | 1.36B | 1.16B | 1.09B | 1.07B |
Cost of revenue | 318.03M | 330.59M | 301.42M | 309.96M | 141.79M | 90.89M | 88.94M | 91.28M | 91.37M | 92.21M |
Gross profit | 1.71B | 1.87B | 1.68B | 1.70B | 1.80B | 1.33B | 1.27B | 1.07B | 1.00B | 978.77M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 996.22M | 0 | 0 | 14.38M | 21.37M | 20.88M | 22.94M | 20.26M | 15.47M | 24.03M |
Total operating expenses | 1.03B | 155.86M | -993.65M | -1.53B | -1.18B | -685.26M | 26.23M | 26.69M | 26.64M | 26.44M |
Operating income | 998.21M | 1.24B | 989.36M | 484.66M | 765.01M | 743.24M | 1.04B | 904.82M | 827.94M | 810.04M |
Other income (expenses), net | -302.04M | -278.88M | -329.77M | -245.99M | -1.10B | -195.89M | -163.33M | -516.37M | -144.29M | -170.98M |
Income before tax | 696.16M | 964.17M | 989.36M | 484.66M | 765.01M | 547.35M | 480.13M | 388.45M | 358.57M | 302.55M |
Income tax expense | 154.02M | 206.27M | 228.89M | 110.97M | 201.23M | 118.87M | 204.66M | 141.66M | 132.49M | 107.31M |
Net income | 543.70M | 757.90M | 760.46M | 373.69M | 563.78M | 428.47M | 275.47M | 246.78M | 226.08M | 195.24M |
Earnings per share | ||||||||||
Basic EPS | 3.48 | 4.99 | 4.95 | 2.31 | 3.5 | 3.64 | 2.19 | 1.9 | 1.63 | 1.34 |
Diluted EPS | 3.46 | 4.95 | 4.9 | 2.3 | 3.47 | 3.62 | 2.17 | 1.89 | 1.62 | 1.33 |
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