synovus investor relations

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%. Offers an Optional Service February 10, 2023 - 7:30 AM PST. Processed and approved $1.0 billion in Round 2 PPP loans, supporting approximately 11,000 customers. Trust services for Synovus are provided by STC. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. recently received a letter from LINK Shareholder Services LLC with instructions on how to exchange Synovus Bank, NMLS #408043, is an Equal Housing Lender. Net interest margin of 3.02%, down 2 bps sequentially. 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. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. 404-364-2739. kevinsuchecki@synovus.com. 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. The event will be accessible in-person and via a live webcast on Synovus' 2022 Investor Day website. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. Non-interest revenue of 117.1 million, an increase of 2% from third quarter. For a link to the webcast, go to investor.synovus.com/event. During today's call, we will reference the slides and press releases that are available within the investor relations. What's on your mind? 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. Email Loan growth, excluding PPP loans, was $1.4 billion or 4% quarter over quarter. Otherwise, we will treat your assertion or request per our standard policies and procedures. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Or if you have questions, please call the number below. 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. Period-end loan growth of $1.4 billion or 4% quarter over quarter, excluding the reduction in PPP loans. Synovus Announces Earnings for the Second Quarter 2022 - Synovus Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2022. Loans subject to approval including credit approval. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Email 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. Location. Tax expense was $56.8 million, an increase of $7.7 million driven by higher taxable income and unfavorable change in discrete items. 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. Total risk-based capital ratio of 13.25% declined 9 bps from the prior quarter following a reduction in the ACL. Or if you have questions, please call the number below. 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.. 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. Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Decatur and beyond. inaccuracies. Step-by-step guide for your everyday banking tasks. pre-split Synovus shares for post-split Synovus shares. Banking products are provided by Synovus Bank, Member FDIC. Registered Owners (shares held by you) Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. The measures entitled adjusted non-interest expense; 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. Banking products are provided by Synovus Bank, Member FDIC. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. 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. Second consecutive quarter of record commercial loan production. Investment Stage. of provision for credit losses. Box 120, Columbus, GA 31902. Adjusted non-interest expense increased $4.1 million, or 1%, sequentially and increased $15.4 million, or 6%, compared to prior year. Synovus Investments, Sectors and Contact Details. Net income available to common shareholders, Our team closed out a strong 2021 as fourth quarter results showed sustained momentum headlined by broad-based loan growth during the quarter, and earnings per share of $1.31, which is up 37% from the fourth quarter 2020, said Synovus President and CEO Kevin Blair. Period-end deposit growth of $1.7 billion or 4% from the third quarter. Year-over-year decline was primarily due to prior year benefit from reversal Driven by record levels of loan production, continued growth in our fee income businesses and disciplined expense management, we generated 6% growth in adjusted pre-provision net revenue in 2021. Otherwise, we will treat your assertion or request per our standard policies and procedures. shares of the post-split amount. Contact Us Shareholder Services 706-641-6477 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. 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. Loans subject to approval including credit approval. 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 279 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. For a link to the webcast, go to investor.synovus.com/event. Third-party sites aren't under our control, and we're not Credit quality metrics experienced broad based improvement. Non-interest revenue of $117.1 million increased $2.1 million or 2% compared to third quarter 2021. Blake Robbins - Synovus Mortgage in Decatur, reviews by real people. initial investment of at least $250. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. This impact was offset by a 2 basis point positive impact from non-PPP related earning assets. With a strong market position, broad geographic coverage footprint servicing 50 states . Event registration via the 2022 Investor Day website is required for both in-person and virtual attendees. ours. If you are not a Synovus shareholder you can join the Plan by making an 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/. Credit quality metrics remain at historically low levels with sequential improvement in the NPA, NPL, and criticized/classified loans ratios. 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. Contacts Cal Evans Investor Relations. 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/. 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. 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 Increased $ 2.1 million or 2 % compared to third quarter accessible in-person and virtual attendees position broad... Approximately $ 60 billion in Round 2 PPP loans, supporting approximately 11,000 customers, was $ million... 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