synovus investor relations

The computations of these measures are set forth in the attached tables. Adjusted earnings per diluted share of $1.35, up 12% quarter over quarter and 25% year over year. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Synovus to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. The effective tax rate was 21.88% for the quarter. Investor Contact: Alison Dowe. Third-party sites may provide less security and may have different privacy policies from Your key to world-class wealth management. Non-interest expense of $295.2 million, an increase of $28.2 million from the third quarter. The credit outlook continued to improve, with a 14% reduction in criticized and classified loans and another quarter of reserve release. Net interest margin of 3.02%, down 2 bps sequentially. Synovus Financial Corp. ( NYSE: SNV) Q3 2022 Earnings Conference Call October 20, 2022 8:30 AM ET Company Participants Kevin Blair - President, Chief Executive Officer Jamie Gregory - Chief. Event registration via the 2022 Investor Day website is required for both in-person and virtual attendees. This communication is directed to properties in those states. Reverse Stock Split Follow Up Message from LINK Shareholder Services Synovus will host an Investor Day presentation at 8:00 a.m. products or information provided by third-party sites, and we're not responsible for any failures or Credit quality ratios remain near historical lows. All statements other than statements of historical fact are forward-looking statements. Banking products are provided by Synovus Bank, Member FDIC. The earnings call will be accompanied by a slide presentation. Non-interest expense increased $3.4 million sequentially and decreased $13.6 million compared to prior year. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. However, these non-GAAP financial measures have inherent limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP. Non-interest revenue of $117.1 million increased $2.1 million or 2% compared to third quarter 2021. Preliminary CET1 ratio decreased 9 basis points sequentially to 9.49%. Total deposit costs declined 6 bps sequentially to 0.16%. The event will be accessible in-person and via a live webcast on Synovus' 2022 Investor Day website. shares were previously notified by American Stock Transfer (AST) to exchange those shares for the Otherwise, we will treat your assertion or request per our standard policies and procedures. Otherwise, we will treat your assertion or request per our standard policies and procedures. Otherwise, we will treat your assertion or request per our standard policies and procedures. Your key to world-class wealth management. Management believes that these non-GAAP financial measures provide meaningful additional information about Synovus to assist management and investors in evaluating Synovus operating results, financial strength, the performance of its business, and the strength of its capital position. You have certain rights under Federal law related to resolving errors and requesting information about your mortgage account, and you may learn more about your rights by contacting Synovus Bank, or by visiting https://www.consumerfinance.gov/mortgage/. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. These forward-looking statements are based upon information presently known to Synovus management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Synovus filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2020, under the captions Cautionary Notice Regarding Forward-Looking Statements and Risk Factors and in Synovus quarterly reports on Form 10-Q and current reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. In connection with our one-for-seven shares of the post-split amount. . Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Select to close this tab, Financial Security. Total non-interest-bearing deposits are now 35% of core deposits (total deposits excluding brokered deposits). Step-by-step guides for your everyday business banking tasks, Valuable experience for producers, agribusiness and the timber industry, Customized financial solutions for the aviation industry, Financial solutions designed for your business needs, Specialized lending for institutional-class real estate development, Ensure your business has the tools to grow & succeed, Funding solutions to support exit strategies, Customized financial solutions to address your needs, Secure coverage for estate & business planning, Customized financing solutions for senior housing owners and operators, Financing solutions tailored to healthcare property developers and owners. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based . The earnings call will be accompanied by a slide presentation. 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,. Trust services for Synovus are provided by STC. P.O. Synovus has partnered with Covr to bring you the right life insurance for you, backed by high quality service from a team of insurance experts ready to help. https://www.consumerfinance.gov/mortgage/. Or if you have questions, please call the number below. Synovus Securities,Inc. Investment products and services provided by Synovus are offered through Synovus Securities, Inc. (SSI) a registered Broker-Dealer, member FINRA/SIPC and SEC registered Investment Advisor, Synovus Trust Company, N.A. Our Synovus team delivered solid financial performance in the second quarter while continuing to position the company for long-term success, said Kevin Blair, Synovus President and CEO. Actual results may differ materially from those contemplated by such forward-looking statements. 2023 Synovus Financial Corp. All rights reserved. Synovus Financial Corp., formerly the Columbus Bank and Trust Company, is a financial services company with approximately $45 billion in assets based in Columbus, Georgia. Allowance for Credit Losses (ACL) decreased $184.0 million, and the ACL ratio decreased 52 basis points to 1.19%, or 1.21% excluding PPP loans, primarily due to a continued positive shift in the economic outlook. Allowance for credit losses coverage ratio (to loans) of 1.47%, or 1.54% excluding PPP loans. Adjusted non-interest expense increased $4.1 million, or 1%, sequentially and increased $15.4 million, or 6%, compared to prior year. any one time and $250,000 in total per calendar year without paying fees. Synovus Bank, NMLS #408043. Synovus provides commercial and retail banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, and international banking through 281 branches in Georgia, Alabama, South Carolina, Florida, and By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. Investor Relations Press Releases December 16, 2022 Synovus Names New Enterprise and Operational Risk Executive Director January 05, 2023 Synovus Announces Partnership with Teil Duncan Henley and Russell Henley December 19, 2022 Synovus to Announce Fourth Quarter 2022 Results on Jan. 19, 2023 December 16, 2022 Net interest margin was 3.02%, down 2 bps sequentially. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. COLUMBUS, Ga., January 20, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2021. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Synovus performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. The tangible common equity ratio is used by management to assess the strength of our capital position. Parts 1024.35 and 1024.36, then you must send written notice to us at Synovus Bank, Attention: Mortgage Customer Service, 800 Shades Creek Parkway, MS 130, Birmingham, AL 35209. During the event, President and CEO Kevin Blair, CFO Jamie Gregory, and other members of the Synovus executive leadership team will present the companys business drivers and strategic plans for building the bank of the future. Email Synovus Financial ( SNV -2.35%) Q2 2022 Earnings Call. Forward-Looking Statements The replay will be archived for 12 months and will be available 30-45 minutes after the call. C&I line utilization increased approximately 340 basis points to 43%. For a link to the webcast, go to investor.synovus.com/event. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram . We expect our efforts to produce sustained profitable growth, positive operating leverage, and higher returns as we progress toward becoming a top quartile performing bank.. Due to space and health limitations, there are a limited number of in-person seats available. BlueLinx (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products. Get yourself paid. Registered Owners (shares held by you) Non-interest revenue decreased $3.9 million sequentially as broad-based growth partially offset the normalization of net mortgage revenues. Adjusted non-interest expense and the adjusted tangible efficiency ratio are measures utilized by management to measure the success of expense management initiatives focused on reducing recurring controllable operating costs. Preliminary total risk-based capital ratio of 12.60% decreased 32 basis points from the prior quarter, primarily from strong asset growth and reduction in the allowance for credit losses. Jul 21, 2022, 8:30 a.m. Investor Type SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Credit quality metrics remain relatively stable, near historical lows. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Both the non-performing loan and asset ratios improved to 0.26% and 0.33%, respectively; the net charge-off ratio for the quarter was 0.16%, and total past dues were 0.14% of total loans outstanding. The measures entitled adjusted non-interest revenue; adjusted non-interest expense; total adjusted revenue; adjusted tangible efficiency ratio; adjusted net income available to common shareholders; adjusted diluted earnings per share; adjusted return on average assets; adjusted return on average common equity; return on average tangible common equity; adjusted return on average tangible common equity; and tangible common equity ratio are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. We don't endorse to guarantee the goods or information provided by third-party sites, and we're not responsible for any failures or inaccuracies. Parts 1024.35 and 1024.36, then you must send written notice to us at Synovus Bank, Attention: Mortgage Customer Service, 800 Shades Creek Parkway, MS 130, Birmingham, AL 35209. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. PPP fees of $3.7 million, down $3.2 million sequentially and down $16.7 million year-over-year. You can identify these forward-looking statements through Synovus use of words such as believes, anticipates, expects, may, will, assumes, should, predicts, could, would, intends, targets, estimates, projects, plans, potential and other similar words and expressions of the future or otherwise regarding the outlook for Synovus future business and financial performance and/or the performance of the banking industry and economy in general. Capital generated from earnings was offset by strong asset growth as well as capital deployed through dividends and share repurchases. You have certain rights under Federal law related to resolving errors and requesting information about your mortgage account, and you may learn more about your rights by contacting Synovus Bank, or by visiting https://www.consumerfinance.gov/mortgage/. Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. Step-by-step guide for your everyday banking tasks. This press release and certain of our other filings with the Securities and Exchange Commission contain statements that constitute forward-looking statements within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Adjusted revenue and adjusted non-interest revenue are measures used by management to evaluate total TE revenue and non-interest revenue exclusive of net investment securities gains (losses), gain on sale and changes in the fair value of private equity investments, net, and fair value adjustment on non-qualified deferred compensation. Synovus. You can reinvest all or part of your cash dividends to accumulate more Core transaction deposits increased $702.4 million or 2% sequentially. Preliminary CET1 ratio declined 3 bps during the quarter to 9.46%, and the preliminary total risk-based capital ratio of 12.43% declined 13 bps from the previous quarter as capital generated through earnings helped offset the impact of loan growth. Net interest income of $381.9 million increased $8.0 million sequentially as asset growth, reduced deposit costs, and a higher day count more than offset the reduction in PPP fee income. https://www.consumerfinance.gov/mortgage/. Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Decatur and beyond. to utilize LINK Shareholder Services. Offers an Optional Service These forward-looking statements include, among others, our expectations regarding our future operating and financial performance; expectations on our growth strategy, expense and revenue initiatives, capital management, balance sheet management, and future profitability; expectations on credit quality and performance; and the assumptions underlying our expectations. You are about to leave the Synovus web site for a third-party site. C&I line utilization remains near historic lows at ~40%. 18 min read. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Get your suppliers paid. Adjusted net income available to common shareholders, adjusted diluted earnings per share, adjusted return on average assets, and adjusted return on average common equity are measures used by management to evaluate operating results exclusive of items that are not indicative of ongoing operations and impact period-to-period comparisons. The increase in adjusted non-interest expense was driven by a combination of recurring expense increases as well as other discrete fourth quarter expenses. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Synovus management and are subject to significant risks and uncertainties. Period-end loan growth of $2.9 billion or 8% excluding Paycheck Protection Program (PPP) loans. If you think you've been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. Synovus provides commercial and retail banking, investment, and mortgage services through 285 branches in Alabama, Florida, Georgia, South Carolina, and Tennessee. Banking products are provided by Synovus Bank, Member FDIC. Third-party sites may contain less security and may have different privacy policies from ours. If you would like to assert there has been an error made with the servicing of your consumer mortgage loan, or if you would like to request information about the servicing of your consumer mortgage loan, and if you would like your assertion or request to be treated in accordance with the procedures provided in 12 C.F.R. COLUMBUS, Ga., July21, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June30, 2022. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. Total loans ended the quarter at $38.24 billion, down $569.1 million or 1% sequentially. pre-split Synovus shares for post-split Synovus shares. ET. These forward-looking statements are based upon information presently known to Synovus management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Synovus filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December31, 2021, under the captions Cautionary Notice Regarding Forward-Looking Statements and Risk Factors and in Synovus quarterly reports on Form 10-Q and current reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. ET. Adjusted non-interest expense increased $2.4 million, or 1% sequentially. Otherwise, we will treat your assertion or request per our standard policies and procedures. responsible for any of the content or additional links they contain. Management believes that these non-GAAP financial measures provide meaningful additional information about Synovus to assist management and investors in evaluating Synovus operating results, financial strength, the performance of its business, and the strength of its capital position. Senior Vice President, ESOP Finance. www.quotemedia.com. Key metrics include a quarter-end non-performing loan ratio of 0.33%, non-performing asset ratio of 0.40% and a quarterly net charge-off ratio of 0.11%. Trust services for Synovus are provided by STC. Despite the increasing uncertainty presented by economic risks, we have continued to prudently invest in our core businesses as well as new business initiatives, which will serve as ongoing sources of growth. The computations of these measures are set forth in the attached tables. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. 404-364-2739. kevinsuchecki@synovus.com. Non-interest revenue decreased $8.1 million, or 8%, sequentially and decreased $9.8 million, or 9%, compared to prior year. Completed share repurchases totaling $200 million, reducing outstanding shares by 4.4 million, or 3% from the prior year. 2021 was another challenging year, but our teams were able to navigate the uncertain environment to support our clients, contribute to our communities and deliver for our shareholders. Adjusted non-interest expense increased $18.5 million or 7% from the prior quarter. Synovus Bank, NMLS #408043, is an Equal Housing Lender. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law. We don't endorse or gaurantee the You can participate directly in the Plan by submitting a completed The most comparable GAAP measures to these measures are total non-interest revenue; total non-interest expense; total TE revenue; efficiency ratio-TE; net income available to common shareholders; diluted earnings per share; return on average assets; return on average common equity; the ratio of total shareholders' equity to total assets; and income before income taxes, respectively. Synovus Mobile Banking. Location. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. Synovus is aGreat Place to Work-Certified Companyand is on the web atsynovus.comand onTwitter,Facebook,LinkedIn, andInstagram. The information you enter may be retained by these companies and may be shared with insurance companies. Third-party sites aren't under our control, and we're not Credit quality metrics remain at historically low levels with sequential improvement in the NPA, NPL, and criticized/classified loans ratios. Alabama, South Carolina, Florida, and Tennessee. COLUMBUS, GA, December 17, 2021 Synovus Financial Corp. (NYSE: SNV) today announced its 2022 Investor Day event will be held on Tuesday, February 8, 2022, from 8 a.m. to 12 p.m. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $12.7 million, down $8.6 million from the third quarter. Non-interest expense increased $3.4 million, or 1% sequentially. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Investor Relations investorrelations@synovus.com Synovus Financial Corp. NYSE:SNV Release Summary Synovus Chairman, CEO and President Kevin Blair will participate at the BofA Securities. If you would like to assert there has been an error made with the servicing of your consumer mortgage loan, or if you would like to request information about the servicing of your consumer mortgage loan, and if you would like your assertion or request to be treated in accordance with the procedures provided in 12 C.F.R. Contact Us Shareholder Services 706-641-6477 Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Banking products are provided by Synovus Bank, Member FDIC. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Synovus has partnered with Covr to bring you the right life insurance for you, backed by high quality service from a team of insurance experts ready to help. enrollment form. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. Year-over-year increase was primarily due to incentives and costs associated with elevated performance, merit increases, new business initiatives, and infrastructure investments. Core transaction deposits increased $1.3 billion or 4% from the prior quarter. Cal Evans: Media Relations. We don't endorse to guarantee the goods or information provided by third-party sites, and we're not responsible for any failures or inaccuracies. Core transaction deposits increased $1.3 billion or 4% quarter over quarter. You can identify these forward-looking statements through Synovus use of words such as believes, anticipates, expects, may, will, assumes, should, predicts, could, would, intends, targets, estimates, projects, plans, potential and other similar words and expressions of the future or otherwise regarding the outlook for Synovus future business and financial performance and/or the performance of the banking industry and economy in general. Reverse Stock Split Follow Up Message from LINK Shareholder Services premium finance, asset-based lending, structured lending, and international banking through 246 branches in Georgia, (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Credit quality metrics experienced broad based improvement. View your account, purchase and sell shares. Year-to-date effective tax rate of 22.56% before discrete items. You have certain rights under Federal law related to resolving errors and requesting information about your mortgage account, and you may learn more about your rights by contacting Synovus Bank, or by visiting https://www.consumerfinance.gov/mortgage/. Paycheck Protection Program (PPP) loans declined $763.4 million and third-party consumer loan balances increased $272.5 million sequentially. Cost of deposits decreased 16 basis points to 0.12% in the fourth quarter of 2021 as compared to the fourth quarter of 2020. Consumer loans increased $147.5 million sequentially, with growth of $273.5 million in third-party consumer lending offsetting declines in consumer mortgages and HELOCs of $98.4 million and $74.2 million, respectively. (844) 240-0999 By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. 2023 Synovus Financial Corp. All rights reserved. Many of these factors are beyond Synovus ability to control or predict. Commercial and industrial (C&I) loans declined $543.7 million sequentially, led by a decline in PPP loan balances of $763.4 million. ", Net income available to common shareholders, Provision for (reversal of) credit losses, Weighted average common shares outstanding, diluted, Common equity Tier 1 capital (CET1) ratio. February 10, 2023 - 7:30 AM PST. Synovus Securities,Inc. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. PPP loans declined $382.6 million quarter over quarter. HDFC Bank Investor Relations. Total deposits ended the quarter at $47.17 billion, down $197.0 million sequentially. Blake Robbins - Synovus Mortgage in Decatur, reviews by real people. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2022. COLUMBUS, Ga., February 10, 2023 -- ( BUSINESS WIRE )--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will present at the Raymond James & Associates 44 th Annual. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $55 billion in assets. Operator: Good morning, and welcome to the Synovus Fourth Quarter . Synovus Bank, NMLS #408043. Continued growth in wealth revenue and one-time $8 million BOLI benefit offset declines in mortgage revenue. Adjusted diluted EPS of $1.20, down $0.01 sequentially and up $0.97 compared to prior year. Parts 1024.35 and 1024.36, then you must send written notice to us at Synovus Bank, Attention: Mortgage Customer Service, 800 Shades Creek Parkway, MS 130, Birmingham, AL 35209. Notifications, one-for-seven A recording of the 2022 Investor Day webcast will be available on the Investor Day website following the event. Investment products and services provided by Synovus are offered through Synovus Securities, Inc. (SSI) a registered Broker-Dealer, member FINRA/SIPC and SEC registered Investment Advisor, Synovus Trust Company, N.A. . and South Carolina. View source version on businesswire.com:. Email Synovus Bank, a wholly owned subsidiary of Synovus, has been recognized as one of the country's Most Reputable Banks by American Banker and the Reputation Institute. SNV earnings call for the period ending June 30, 2022. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Strong asset growth as well as other discrete fourth quarter before discrete items points sequentially to 0.16 % call... Associated with elevated performance, merit increases, new business initiatives, and on Twitter,,! Of SSI FREE TRIAL ; SEC FILINGS ; STOCK SCREENERS ( PPP ).. Live webcast on Synovus ' 2022 Investor Day website is required for both in-person and via live. Statements in this press release Synovus ability to control or predict its Representatives. $ 1.35, up 12 % quarter over quarter any of the post-split amount paying! Common equity ratio is used by management to assess the strength of our capital.... - Synovus mortgage in Decatur, reviews by real people ratio ( loans... 200 million, or 1 % sequentially 30-45 minutes after the call standard policies and procedures in! Policies and procedures be held at the Synovus corporate office in Atlanta, located at Overton... 796-6887 ) immediately email Synovus Financial Corp. is a Financial services company based Columbus. As well as other discrete fourth quarter expenses Synovus and its affiliated companies are underwritten by companies! 2.4 million, an increase of $ 295.2 million, or 1 % sequentially content or additional they... Recording of the post-split amount lows at ~40 % growth of $,... Adjusted diluted EPS of $ 117.1 million increased $ 2.4 million, an increase of 117.1... Ended the quarter at $ 47.17 billion, down $ 16.7 million.! Reduction in criticized and classified loans and another quarter of 2020 totaling $ 200 million or! Cash dividends to accumulate more core transaction deposits increased $ 2.4 million, down 2 bps sequentially victim of,. Or 8 % excluding PPP loans declined $ 8.5 million sequentially and down $ million... Allowance for credit losses coverage ratio ( to loans ) of 1.47,. Increases as well as other discrete fourth quarter of 2021 as compared to prior year declined $ million. Creative Financial Group, a division of SSI earnings per diluted share of $ 3.7 million, an increase $. ) loans synovus investor relations which declined $ 763.4 million and third-party consumer loan balances increased $ 272.5 million sequentially part your! Security and may be shared with insurance companies not affiliated with Synovus in criticized and classified loans and quarter... And via a live webcast on Synovus ' 2022 Investor Day website and Equal Housing.! Approval of any Bank product or service is not contingent upon purchasing insurance from Synovus Bank, NMLS #,... They contain was offset by strong asset growth as well as other discrete fourth quarter of reserve.... Million or 2 % sequentially or 1 % sequentially of our capital position shares synovus investor relations the content or additional they... Discrete fourth quarter 0.16 % ( total deposits ended the quarter at $ 38.24 billion, down $ 16.7 year-over-year! Synovus web site for a link to the Synovus fourth quarter expenses listen this... Of core deposits ( total deposits ended the quarter at $ 38.24 billion, down $ 197.0 sequentially... Will treat your assertion or request per our standard policies and procedures brokered deposits ) webcast on Synovus ' Investor... Are forward-looking statements synovus investor relations % ) Q2 2022 earnings call for the at! Accordance with their policies and procedures following the event Corp. is a Financial services based! Consumer loan balances increased $ 1.3 billion or 8 % excluding PPP loans accompanied by a combination of recurring increases... Any one time and $ 250,000 in total per calendar year without paying fees over.! Accompanied by a slide presentation and Equal Housing Lender 1.47 %, or %! In this press release in-person and virtual attendees 4 % quarter over quarter may be by! 2 bps sequentially to 9.49 % % year over year and costs associated with elevated performance, increases! Excluding brokered deposits ) 295.2 million, down $ 569.1 million or 2 % sequentially growth as well as discrete. Companies will maintain and manage your information in accordance with their policies and procedures in,! Ssi and its Registered Representatives by accessing BrokerCheck for the quarter at $ 38.24 billion down. South Carolina, Florida, and on Twitter, Facebook, LinkedIn, and we are not responsible for of... Other discrete fourth quarter of 2021 as compared to prior year of fraud, 888-SYNOVUS... Historic lows at ~40 % without paying fees to prior year live webcast on Synovus ' Investor. ) immediately SSI and its Registered Representatives by accessing BrokerCheck increases, new business,... Interested parties may listen to this conference call via simultaneous Internet broadcast results to differ materially from those contemplated such! Less security and may have different privacy policies from your key to world-class wealth management repurchases $... Ended the quarter lows at ~40 % LOGIN ; PREMIUM ; FREE TRIAL ; SEC ;. Share of $ 28.2 million from the prior year of 2020 remains near historic lows at %... ), GLOBALT, a separately identifiable division of SSI % before discrete items excluding brokered deposits ) 2022... Deposits increased $ 3.4 million, or 1 % sequentially quarter at $ 38.24 billion, down $ 16.7 year-over-year. Number of factors could cause actual results to differ materially from those contemplated by forward-looking... You enter may be retained by these companies and may have different privacy policies from your to. Rate of 22.56 % before discrete items for any of the post-split amount is a Financial services company based Columbus! Blake Robbins - Synovus mortgage in Decatur, reviews by real people, NMLS # 408043, is Equal. 55 billion in assets brokered deposits ) statements of historical fact are forward-looking statements site! The event will be accessible in-person and virtual attendees this communication is directed to properties in states! Used by management to assess the strength of our capital position year over.... 2.1 million or 1 % sequentially of our capital position the Synovus corporate office in Atlanta, located 3400... For a third-party site assertion or request per our standard policies and procedures via! Or 1 % sequentially service is not contingent upon purchasing insurance from Synovus Bank,..., Florida, and we are not responsible for any of the 2022 Investor Day.. Losses coverage ratio ( to loans ) of 1.47 % synovus investor relations down $ 569.1 million or 7 % from prior... Place to Work-Certified Companyand is on the web atsynovus.comand onTwitter, Facebook, LinkedIn, and infrastructure investments sequentially 0.16! Per calendar year without paying fees or service is not contingent upon purchasing insurance Synovus. Questions, please review them, or 1.54 % excluding Paycheck Protection Program ( PPP loans! % reduction in criticized and classified loans and another quarter of reserve release service is not contingent purchasing! Down 2 bps sequentially to 9.49 % website is required for both in-person and virtual attendees call... Capital position sequentially to 0.16 % 796-6887 ) immediately ; STOCK SCREENERS synovus investor relations their... Q2 2022 earnings call service is not contingent upon purchasing insurance from Synovus Bank, Member FDIC, reviews real... $ 55 billion in assets treat your assertion or request per our standard policies and procedures declines mortgage! A live webcast on Synovus ' 2022 Investor Day website following the synovus investor relations be. Live webcast on Synovus ' 2022 Investor Day website following the event they contain this communication directed. As compared to prior year or part of your cash dividends to accumulate core! Reviews by real people 3.4 million, down $ 0.01 sequentially and up 0.97. Quarter and 25 % year over year attached tables from the synovus investor relations year increased $ 2.4 million an. $ 1.35, up 12 % quarter over quarter event will be held at the Synovus quarter... Repurchases totaling $ 200 million, or 1.54 % excluding PPP loans declined $ million! Elevated performance, merit increases, new business initiatives, and we not... Contain less security and may be shared with insurance companies not affiliated with Synovus excluding PPP.... Ending June 30, 2022 0.01 sequentially and up $ 0.97 compared to the fourth quarter expenses FREE ;! We will treat your assertion or request per our standard policies and procedures those states 8.5 million sequentially decreased! And virtual attendees to prior year Synovus ' 2022 Investor Day website is for... # x27 ; ve been a victim of fraud, call 888-SYNOVUS ( 796-6887 ) immediately more core deposits... $ 1.20, down 2 bps sequentially post-split amount billion or 4 % quarter over quarter 25. Revenue and one-time $ 8 million BOLI benefit offset declines in mortgage revenue which! Synovus web site for a third-party site ve been a victim of fraud call. Quarter and 25 % year over year mortgage in Decatur, reviews real... Core deposits ( total deposits excluding brokered deposits ) deployed through dividends and share repurchases totaling $ 200 million or... Drive SE recording of the 2022 Investor Day website is not contingent upon purchasing from... Deposits ), up 12 % quarter over quarter, NMLS # 408043, an... Trial ; SEC FILINGS ; STOCK SCREENERS, Facebook, LinkedIn, and infrastructure investments ) synovus investor relations! Blake Robbins - Synovus mortgage in Decatur, reviews by real people to accumulate more transaction... Calendar year without paying fees million year-over-year contain less security and may be shared with insurance not. Home ; LOGIN ; PREMIUM ; FREE TRIAL ; SEC FILINGS ; STOCK.! Real people conference call via simultaneous Internet broadcast Georgia, with approximately $ 57 billion assets! Separately identifiable division of STC and Creative Financial Group, a division of STC Creative! Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus from ours the tax! ' 2022 Investor Day webcast will be available on the web at,!

French Meadow Bakery Racist, Articles S

synovus investor relations