synovus investor relations

Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, and South Carolina. Commercial and industrial (C&I) loans increased $626.4 million or 3% from the prior quarter. products or information provided by third-party sites, and we're not responsible for any failures or 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. The earnings call will be accompanied by a slide presentation. Core transaction deposits (non-interest bearing, interest bearing demand, NOW/savings, and money market deposits excluding public and brokered funds) increased $5.1 billion or 16%. CRE loans increased $358.1 million sequentially, led by multi-family loans in addition to our Specialty Healthcare group. Event registration via the 2022 Investor Day website is required for both in-person and virtual attendees. 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. What's on your mind? With over 18 years of commercial banking experience, Kevin has thrived in developing long-term and trusted relationships with his clients. Otherwise, we will treat your assertion or request per our standard policies and procedures. initial investment of at least $250. Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $702.4 million or 2% sequentially. You are about to leave the Synovus web site for a third-party site. Synovus provides commercial and retail banking, investment, and mortgage services through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Or if you have questions, please call the number below. reverse stock split which became effective May 16, 2014, shareholders with certificated For a link to the webcast, go to investor.synovus.com/event. Your key to world-class wealth management. 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. Synovus will host an earnings highlights conference call at 8:30 a.m. Net interest income increased $7.4 million or 2% compared to the prior quarter. Continue Or if you have questions, please call the number below. Were building a bank that stays in step with our customers as they pursue greater financial freedom and security. ET. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Net income available to common shareholders of $169.8 million, or $1.16 per diluted share, up $0.05 sequentially and down $0.03 compared to prior year. ours. Net interest income of $392.3 million an increase of 2% quarter over quarter. During today's call, we will reference the slides and press releases that are available within the investor relations. 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. Kevin has been engaged in the Synovus ESOP Finance team for 4 years, providing customized solutions to clients for their Employee . https://www.consumerfinance.gov/mortgage/. This impact was offset by a 2 basis point positive impact from non-PPP related earning assets. Synovus Securities,Inc. Get yourself paid. Actual results may differ materially from those contemplated by such forward-looking statements. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. 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. Share this article: Stay In The Know. Registered Owners (shares held by you) Investing in Synovus stock is easy, convenient and more affordable with The Synovus Dividend Third-party sites may contain less security and may have different privacy policies from ours. Reverse Stock Split Follow Up Message from LINK Shareholder Services You are about to leave the Synovus web site for a third-party site. Preliminary CET1 ratio improved 1 bp during the quarter to 9.75% as strong core performance helped offset the impact of $92.5 million in share repurchases at an average price of $47.51, reducing average diluted outstanding shares from the prior quarter by 1.3%. Banking products are provided by Synovus Bank, Member FDIC. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. All statements other than statements of historical fact are forward-looking statements. 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. A fast, safe, and easy way to send money. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Total deposits ended the quarter at $49.03 billion, up $378.5 million sequentially, impacted by seasonal effects and rate-driven outflows of $803.9 million and $358.3 million, respectively, in money-market and interest-bearing demand deposit accounts and offset by the use of brokered deposits as a cost-effective balance sheet and liquidity management tool. Provision for credit losses of $12.7 million increased $1.3 million sequentially; allowance for credit losses coverage ratio (to loans) of 1.11% declined 4 bps sequentially. Credit quality metrics experienced broad based improvement. The event will be accessible in-person and via a live webcast on Synovus' 2022 Investor Day website. Adjusted earnings per diluted share for 2021 were $4.95 as compared to $2.41 for 2020, an increase of 106%. Third-party sites aren't under our control, and we're not Tax expense was $56.8 million, an increase of $7.7 million driven by higher taxable income and unfavorable change in discrete items. Loan growth, excluding PPP loans, was $1.4 billion or 4% quarter over quarter. Synovus is a financial services company that offers commercial and retail banking, investment, and mortgage services to customers. 2023 Synovus Financial Corp. All rights reserved. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Total taxable equivalent revenue was $510.3 million in the fourth quarter, up $9.7 million sequentially. 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. Adjusted non-interest revenue decreased $6.2 million, or 6% sequentially, and increased $12.7 million, or 14% compared to prior year. Many of these factors are beyond Synovus ability to control or predict. 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. Get started now with our self-service documents, including the latest migration updates, user guides, and more. common stock certificates can do so at no charge through AST by calling 404-364-2739. kevinsuchecki@synovus.com. Credit quality metrics remain relatively stable, near historical lows. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. 2023 Synovus Financial Corp. All rights reserved. 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. Or if you have questions, please call the number below. Synovus. specialized products and services, including private banking, treasury management, wealth management, mortgage services, recently received a letter from LINK Shareholder Services LLC with instructions on how to exchange Non-interest revenue, excluding securities gains, increased $23.3 million or 5% year over year, reflecting strong growth in core banking fees and wealth revenue, offset by the normalization of net mortgage revenue. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Streetholders (shares held by your broker) The increase in adjusted non-interest expense was driven by a combination of recurring expense increases as well as other discrete fourth quarter expenses. Period-end deposit growth of $2.7 billion or 6%. Operator: Good morning, and welcome to the Synovus Fourth Quarter . Consumer loans decreased by $96.7 million or 1% sequentially. 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. 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 Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, And we remained focused on growth drivers in the quarter while maintaining discipline around expenses, which declined 5% from the second quarter of 2020. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. Banking products are provided by Synovus Bank, Member FDIC. 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. Adjusted non-interest expense increased $2.4 million, or 1% sequentially. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. Skip to Content Toggle navigation Log in Manage Your Account Achieved pre-tax run rate benefit of approximately $110 million from Synovus Forward initiatives, driving positive operating leverage, ahead of schedule; remain on track for expected cumulative $175 million pre-tax benefit by the end of 2022. Net interest margin was 3.22%, up 22 bps sequentially, aided by higher interest rates, lower cash balances, and slower deposit repricing. 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. Your key to world-class wealth management. 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. Total risk-based capital ratio of 13.25% declined 9 bps from the prior quarter following a reduction in the ACL. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Loans subject to approval including credit approval. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. 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. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July 20, 2021. The earnings call will be accompanied by a slide presentation. https://www.consumerfinance.gov/mortgage/. 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 Tennessee. For a link to the webcast, go to investor.synovus.com/event. Total loans ended the quarter at $41.20 billion, up $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. responsible for any of the content or additional links they contain. 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. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. Allowance for credit losses coverage ratio (to loans) of 1.47%, or 1.54% excluding PPP loans. We also acknowledge the strength of our client base, with credit metrics at historically low levels and average operating liquidity up more than 40 percent on average compared to pre-pandemic levels. SNV boasts an average earnings . Paycheck Protection Program (PPP) loans declined $763.4 million and third-party consumer loan balances increased $272.5 million sequentially. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. The earnings call will be accompanied by a slide presentation. 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. 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. 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/. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. We don't endorse or gaurantee the Period-end loans decreased $569.1 million or 1% sequentially. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. Loans subject to approval including credit approval. Banking products are provided by Synovus Bank, Member FDIC. any one time and $250,000 in total per calendar year without paying fees. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Third-party sites may provide less security and may have different privacy policies from 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. 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.

Bryan Foods Shortage, Cpap Causing Blurry Vision, Red Pollard Parents, Articles S