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Synovus Financial Corp. is a multi-financial services company with more than $12.5 billion
in assets. We are people serving people, a tradition that started 112 years ago in Columbus,
Ga., and now spans North America and beyond. Synovus (NYSE: "SNV") is a component of the
Standard & Poor's 500 index. FORTUNE magazine ranked Synovus No. 5 among the "The 100 Best
Companies To Work For" in 2000. Our vision for 2000 and beyond is to be the best financial
services company in the world.
The Synovus family includes 38 banks in Georgia, Florida, Alabama and South Carolina.
Our decentralized structure provides superior service for clients, and ultimately, superior
returns for shareholders.
Synovus owns an 80.8 percent share of Total System Services, Inc. (NYSE: "TSS"). TSYS,
the global solutions provider for commerce, provides the industry's leading technology and
service for 206.2 million cardholder accounts, giving 288 million consumers access to their
accounts whenever they want and however they choose.
The Synovus family of companies also includes Synovus Trust Company; Synovus Insurance
Services; Synovus Securities, Inc.; Synovus Mortgage Corp.; TSYS Total Debt Management, Inc.;
and pointpathbank.com, which will become the 39th bank in the Synovus family.
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year ended December 31
(amounts in thousands, except per share data) |
1999
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1998
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% change
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| Total Revenues |
$ 1,251,857
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$ 1,035,979
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20.8 %
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| Net Income |
225,307
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196,465
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14.7
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| Net Income Per Share - Basic |
0.80
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0.72
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11.6
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| Net Income Per Share - Diluted |
0.80
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0.71
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12.2
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| Fee Income/Total Revenue |
59.
0 %
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56.07 %
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5.2
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| Total Assets |
12,547,001
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10,811,592
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16.1
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| Net Loans |
8,940,681
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7,489,496
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19.4
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| Total Deposits |
9,440,087
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8,797,412
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7.3
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| Shareholders' Equity |
1,226,669
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1,111,917
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10.3
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| Book Value Per Share |
4.35
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3.99
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9.0
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| Dividends Declared Per Share |
0.36
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0.29
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22.8
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| Return on Asset |
1.97 %
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2.00 %
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| Return on Equity |
19.33
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19.39
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| Equity/Assets |
9.78
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10.28
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| Net Interest Margin |
5.07
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5.23
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| Reserve for Loan Losses/Loans |
1.41
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1.50
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| Nonperforming Assets Ratio |
0.38
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0.40
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| Net Charge-off Ratio |
0.29
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0.35
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| as of December 31 |
1999
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1998
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% change
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| Banking & Other Synovus Companies |
5,555
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5,465
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1.6 %
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| TSYS & TSYS Total Debt Management |
4,606
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4,013
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14.8 %
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| Total Team Members |
10,161
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9,478
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7.2 %
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| as of December 31 |
1999
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1998
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% change
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| Closing Stock Price |
19.88
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24.00
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(17.2) %
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| Number of Shares Outstanding |
282,014
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270,218
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4.4 %
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| Annual Shares Traded (in millions) |
56.1
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60.9
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(7.8) %
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| Shareholders (of record and beneficial owners) |
61,431
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62,700
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| Price/Earnings Multiple |
24.84
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34.29
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| Price/Book Multiple |
4.57
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6.06
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| as of December 31 |
1999
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1998
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1997
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1996
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1995
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| Institutional* |
17.0 %
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15.1 % |
11.5 %
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10.9 %
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10.4 %
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| Market Value (in billions) |
$ 5.61
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$ 6.49
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$ 5.74
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$ 3.74
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$ 2.2
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| Insider** |
22.5 %
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21.7 %
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23.6 %
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22.1 %
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n/a
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The following investment and securities firms follow Synovus: Donaldson
Lufkin & Jenrette, Inc., New York, N.Y.; Fox-Pitt, Kelton, Inc., New York,
N.Y.; Keefe, Bruyette & Woods, Inc., New York, N.Y.; Lehman Brothers,
New York, N.Y.; Morgan Keegan & Company, Inc., Memphis, Tenn.; Putnam,
Lovell, de Guardiola & Thornton, Inc., New York, N.Y.; Robert W. Baird
& Co
pany, Inc., Milwaukee, Wis.; The Robinson-Humphrey Company, Inc.,
Atlanta, Ga.; Ryan, Beck & Co., Livingston, N.J.; Salomon Smith Barney,
Inc., New York, N.Y.; Sterne, Agee & Leech, Inc., Atlanta, Ga; Value Line,
Inc., New York, N.Y.; and Wachovia Securities, Inc., Charlotte,N.C.
As originally reported.
* Synovus Trust Company holdings not included.
** Includes directors, emeritus directors and executive officers of Synovus
and its subsidiaries. 1995 information
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