Synovus Bank
Saint Petersburg, FL — Domestic Branch of a Domestic Bank
Acquired Jun 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Synovus Bank | All Insured Commercial Banks in Florida |
Interest and Fees on Loans | 13,586 | 2,804 |
Income from Lease Financing Receivables | 39 | — |
— | 51 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 14 |
Income on Loans and Leases (TE) | 13,625 | 2,805 |
Investment Interest Income (TE) | 1,207 | 438 |
Total Interest Income (TE) | 14,966 | 3,319 |
Total Interest Expense | 4,207 | 1,042 |
Net Interest Income (TE) | 10,759 | 2,232 |
Non-Interest Income | 588 | 330 |
Adjusted Operating Income (TE) | 11,347 | 2,679 |
Non-interest Expense | 11,484 | 2,378 |
Provision for Loan & Lease Losses | 8,507 | 2,065 |
Pretax Operating Income (TE) | -8,644 | -810 |
Pretax Net Operating Income (TE) | -8,644 | -702 |
Applicable Income Taxes | 272 | 148 |
Net Operating Income | -8,916 | -610 |
Net Income | -8,916 | -610 |
Cash Dividends Declared | — | 424 |
Retained Earnings | -8,916 | -631 |