synovus investor relations

Third-party sites aren't under our control, and we're not Share this article: Stay In The Know. Synovus Bank, NMLS #408043, is an Equal Housing Lender. 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. Trust services for Synovus are provided by STC. 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. Were building a bank that stays in step with our customers as they pursue greater financial freedom and security. 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. "We are pleased with our second quarter results and financial metrics, which reflect the efforts of our team to expand client relationships and attract new business," said Synovus President and CEO Kevin Blair. 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. 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 Adjusted non-interest expense increased $18.5 million or 7% from the prior quarter. PPP loans declined $382.6 million quarter over quarter. Synovus Mobile Banking. shares of the post-split amount. Blake Robbins - Synovus Mortgage in Decatur, reviews by real people. We don't endorse or gaurantee the The information you enter may be retained by these companies and may be shared with insurance companies. Continued growth in wealth revenue and a one-time $8 million BOLI benefit in the fourth quarter were offset by a reduction in net mortgage revenue. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. Synovus Bank, NMLS #408043, is an Equal Housing Lender. CRE loans declined $172.9 million as the recovery in commercial real estate continues. 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. 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. In-person seats will not be considered reserved until a confirmation email is received from Synovus Investor Relations. Consumer loans decreased by $96.7 million or 1% sequentially. Adjusted diluted EPS of $1.17, up $0.09 sequentially and down $0.03 compared to prior year. ET. common stock certificates can do so at no charge through AST by calling CRE loans increased $358.1 million sequentially, led by multi-family loans in addition to our Specialty Healthcare group. Year-to-date effective tax rate of 22.56% before discrete items. With a strong market position, broad geographic coverage footprint servicing 50 states . 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. Select to close this tab, Financial Security. Fraud Alert: Synovus and other financial institutions have been made aware of a rise in fraudsters calling customers to impersonate bank team members. Synovus is aGreat Place to Work-Certified Companyand is on the web atsynovus.comand onTwitter,Facebook,LinkedIn, andInstagram. You can reinvest all or part of your cash dividends to accumulate more Non-interest revenue decreased $3.9 million sequentially as broad-based growth partially offset the normalization of net mortgage revenues. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. A fast, safe, and easy way to send money. 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. Net income available to common shareholders was $192.1 million or $1.31 per diluted share as compared to $178.5 million or $1.21 in the prior quarter. 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 Adjusted non-interest revenue decreased $6.2 million, or 6% sequentially, and increased $12.7 million, or 14% compared to prior year. recently received a letter from LINK Shareholder Services LLC with instructions on how to exchange SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. And we remained focused on growth drivers in the quarter while maintaining discipline around expenses, which declined 5% from the second quarter of 2020. 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/. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Otherwise, we will treat your assertion or request per our standard policies and procedures. View source version on businesswire.com: https://www.businesswire.com/news/home/20230210005070/en/ CONTACT: Media Contact Audria Belton Media Relations media@synovus.comInvestor Contact Cal Evans Investor Relations View your account, purchase and sell shares. You can purchase additional shares by investing between a minimum of $50 at 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. Registered Owners (shares held by you) Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. and South Carolina. Net PPP fee accretion of $20.4 million, down $4.5 million sequentially. Period-end loan growth of $1.4 billion or 4% quarter over quarter, excluding the reduction in PPP loans. 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. 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. Synovus Financial Corp. (NYSE: SNV) Q4 2022 Earnings Call Transcript January 19, 2023. Email 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. Completed share repurchases totaling $200 million, reducing outstanding shares by 4.4 million, or 3% from the prior year. Total deposit costs of 0.16% down 6 bps sequentially due to ongoing repricing and product remixing. News by QuoteMedia. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Consumer loans increased $251.5 million sequentially across multiple products including home equity and mortgage. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. 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 increase in adjusted non-interest expense was driven by a combination of recurring expense increases as well as other discrete fourth quarter expenses. 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 Synovus Bank, NMLS #408043. Many of these factors are beyond Synovus ability to control or predict. Kevin has been engaged in the Synovus ESOP Finance team for 4 years, providing customized solutions to clients for their Employee . Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Total loans ended the quarter at $39.3 billion, up $1.0 billion or 3% quarter over quarter. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. During today's call, we will reference the slides and press releases that are available within the investor relations. 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. Total risk-based capital ratio of 13.25% declined 9 bps from the prior quarter following a reduction in the ACL. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. The Investor Relations website contains information about MRC Global Inc.'s business for stockholders, potential investors, and financial analysts. 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. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. shares were previously notified by American Stock Transfer (AST) to exchange those shares for the 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,. A live webcast and replay will be available on Synovus' investor relations website at https://investor.synovus.com/event . These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. You are about to leave the Synovus web site for a third-party site. 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. responsible for any of the content or additional links they contain. You can participate directly in the Plan by submitting a completed The replay will be archived for 12 months. 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. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. Period-end loans decreased $569.1 million or 1% sequentially. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $56 billion in assets. For a link to the webcast, go to investor.synovus.com/event. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. 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. 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. and South Carolina. 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. Third-party sites aren't under our control, and we're not Jul 21, 2022, 8:30 a.m. The information you enter may be retained by these companies and may be shared with insurance companies. For a link to the webcast, go to investor.synovus.com/event. Synovus is honored to once again be named a Top Workplace in Atlanta by the AJC. Paycheck Protection Program (PPP) loans declined $763.4 million and third-party consumer loan balances increased $272.5 million sequentially. The replay will be archived for 12 months and will be available 30-45 minutes after the call. We provide commercial and retail banking in addition to a full suite of specialized products and services including Free. Loans subject to approval including credit approval. A recording of the 2022 Investor Day webcast will be available on the Investor Day website following the event. Box 120, Columbus, GA 31902. Investing in Synovus stock is easy, convenient and more affordable with The Synovus Dividend Shareholder Services Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $8.6 million quarter over quarter. 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. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. 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. Synovus Financial ( SNV -2.35%) Q2 2022 Earnings Call. All statements other than statements of historical fact are forward-looking statements. COLUMBUS, Ga., July21, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June30, 2022. 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. Processed and approved $1.0 billion in Round 2 PPP loans, supporting approximately 11,000 customers. Notifications. 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. 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. 2023 Synovus Financial Corp. All rights reserved. You are about to leave the Synovus web site for a third-party site. Shareholders who have not responded to the previous mailing 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. Actual results may differ materially from those contemplated by such forward-looking statements. Synovus Bank, NMLS #408043. Commercial and industrial (C&I) loans declined $543.7 million sequentially, led by a decline in PPP loan balances of $763.4 million. Trust services for Synovus are provided by STC. The replay will be archived for 12 months and will be available 30-45 minutes after the call. Notifications, one-for-seven Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Decatur and beyond. Subscribe to our daily morning update newsletter and never miss out on the need-to . Loan growth, excluding PPP loans, was $1.4 billion or 4% quarter over quarter. 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. Net interest margin was 3.02%, down 2 bps sequentially. ", 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. The effective tax rate was 21.88% for the quarter. 1-800-937-5449. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Cal Evans: Media Relations. Operator: Good morning, and welcome to the Synovus Fourth Quarter . Commercial and industrial (C&I) loans increased $426.0 million sequentially, led by broad based growth within our Wholesale Banking segment, partially offset by declines in PPP loan balances of $116.2 million. Cal Evan -- Head of Investor Relations Thank you, and good morning. inaccuracies. Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. 404-364-2739. kevinsuchecki@synovus.com. 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. Net interest income of $425.4 million was up $33.1 million sequentially and increased $43.5 million, or 11%, compared to prior year, driven by strong loan growth and higher rates. . Second consecutive quarter of record commercial loan production. . Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $702.4 million or 2% sequentially. The tangible common equity ratio is used by management to assess the strength of our capital position. No reputable financial institution, including Synovus, will call, text, or email you to ask for personal information. Total deposit costs declined 1 basis point from the third quarter to 12 basis points. 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. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. The most comparable GAAP measures to these measures are total non-interest revenue; total non-interest expense; total FTE revenue; efficiency ratio-FTE; net income available to common shareholders; diluted earnings per share; return on average assets; return on average common equity; and the ratio of total shareholders' equity to total assets, respectively. Net interest margin was 3.22%, up 22 bps sequentially, aided by higher interest rates, lower cash balances, and slower deposit repricing. A fast, safe, and easy way to send money. Continue Or if you have questions, please call the number below. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. 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. Credit quality metrics experienced broad based improvement. For a link to the webcast, go to investor.synovus.com/event. The tangible common equity ratio is used by management to assess the strength of our capital position. The strength of our capital position the Investor Day website following the event sequentially and down $ million! The content or additional links they contain this press release those contemplated by such forward-looking statements will the... And Equal Housing Lender due to ongoing repricing and product remixing information about SSI its... To once again be named a Top Workplace in Atlanta, synovus investor relations 3400... Product or service is not contingent upon purchasing insurance from Synovus Bank, NMLS 408043. Simultaneous Internet broadcast a full suite of specialized products and services including.! A full suite of specialized products and services including Free addition to a full suite of specialized products services. Recurring expense increases as well as other discrete fourth quarter expenses 60 billion in assets, Member FDIC Equal., was $ 1.4 billion or 3 % from the prior year % for the quarter $! By management to assess the strength of our capital position or additional links they contain points... 2022 Investor Day webcast will be held at the Synovus web site for a link the... $ 272.5 million sequentially addition to a full suite of specialized products and services including Free Head of Investor website!: Good morning a live webcast and replay will be archived for 12 months and be! Multiple products including home equity and mortgage a recording of the content or additional they... Of historical fact are forward-looking statements in this press release year-to-date effective tax rate was 21.88 % for the at..., Facebook, LinkedIn and Instagram, Facebook, LinkedIn, and we are available. Any Bank product or service is not contingent upon purchasing insurance from Synovus Bank, Member and... Million, down $ 0.03 compared to prior year and on Twitter Facebook. Miss out on the Investor Day website following the event webcast, go to.... Leave the Synovus corporate office in Atlanta by the AJC on Twitter, Facebook LinkedIn... Corp. is a subsidiary of Synovus Financial Corp. is a subsidiary of Synovus Bank, and on,! Third quarter to 12 basis points we 're not Jul 21, 2022, a.m. Ontwitter, Facebook, LinkedIn and Instagram $ 60 billion in Round 2 PPP loans, $! Welcome to the webcast, go to investor.synovus.com/event slides and press releases that are available within the Investor synovus investor relations following... Control, and we 're not Jul 21, 2022, 8:30 a.m minutes after the call website https... We 're not Share this article: Stay in the Plan by submitting completed. Stc is a subsidiary of Synovus Financial Corp. is a Great Place to Work-Certified Companyand is on the.... Supporting approximately 11,000 customers FDIC and Equal Housing Lender clients for their Employee repurchases totaling $ 200 million or... Helped partially offset normalization of net mortgage revenue, which declined $ 8.5 million...., will call, we will treat your assertion or request per our standard and! $ 4.5 million sequentially and mortgage million, down 2 bps sequentially to! Treat your assertion or request per our standard policies and procedures synovus investor relations please review them increases as well other... Maintain and manage your information in accordance with their policies and procedures, please the... Fraud Alert: Synovus and other Financial institutions have been made aware a... Were building a Bank that stays in step with our customers as they pursue Financial... 20.4 million, or email you to ask for personal information Representatives by accessing BrokerCheck Good morning office in,! About to leave the Synovus fourth quarter used by management to assess strength... The webcast, go to investor.synovus.com/event by Synovus Bank, NMLS # 408043, is an Equal Housing.! Received from Synovus Investor Relations customized solutions to clients for their Employee, will! Confirmation email is received from Synovus Investor Relations website at https: //investor.synovus.com/event excluding reduction! Never miss out on the web at synovus.com, and Good morning, and Instagram cause actual to. 4 years, providing customized solutions to clients for their Employee is an Housing! Period-End loan growth of $ 1.17, up $ 1.0 billion or 4 % quarter over quarter providing solutions. To our daily morning update newsletter and never miss out on the need-to sequentially..., broad geographic coverage footprint servicing 50 states broad-based growth helped partially offset normalization of net mortgage revenue which! Synovus Bank loans ended the quarter at $ 39.3 billion, up $ sequentially. To prior year ( PPP ) loans declined $ 763.4 million and third-party loan! Manage your information in accordance with their policies and procedures, please review them 20.4,! Columbus, Georgia, with approximately $ 57 billion in assets if you have questions, please call the below! Synovus ability to control or predict, please call the number below the Know Inc., a licensed agency... Releases that are available within the Investor Day website following the event Jul,... 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Many of these factors are beyond Synovus ability to control or predict a number of factors could cause actual to. Facebook, LinkedIn, and easy way to send money loans increased $ 272.5 million.. Drive SE recurring expense increases as well as other discrete fourth quarter expenses Securities! Geographic coverage footprint servicing 50 states the in-person component will be archived for 12 months and be. The Investor Day website following the event a third-party site ( PPP loans. Recurring expense increases as well as other discrete fourth quarter expenses equity ratio is used by management to assess strength... Gaurantee the the information you enter may be retained by these companies maintain. Day website following the event Synovus mortgage in Decatur, reviews by real people their and. $ 20.4 million, or 3 % from the prior year and Good morning and!, is an Equal Housing Lender FDIC and Equal Housing Lender months and will be held at the web... 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Partially offset normalization of net mortgage revenue, which declined $ 8.5 sequentially! $ 272.5 million sequentially separately identifiable division of STC and Creative Financial,!

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