and South Carolina. P.O. shares were previously notified by American Stock Transfer (AST) to exchange those shares for the Contacts Cal Evans Investor Relations. The computations of these measures are set forth in the attached tables. Skip to Content Toggle navigation Log in Manage Your Account 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. Synovus Mobile Banking. 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. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. The information you enter may be retained by these companies and may be shared with insurance companies. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Personal Finance. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Otherwise, we will treat your assertion or request per our standard policies and procedures. ours. The computations of these measures are set forth in the attached tables. (844) 240-0999 By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. 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. 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. Otherwise, we will treat your assertion or request per our standard policies and procedures. The tangible common equity ratio is used by management to assess the strength of our capital position. 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. Otherwise, we will treat your assertion or request per our standard policies and procedures. You can participate directly in the Plan by submitting a completed Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Synovus Financial Corp (SNV) using our online tools. Loan growth, excluding PPP loans, was $1.4 billion or 4% quarter over quarter. any one time and $250,000 in total per calendar year without paying fees. You are about to leave the Synovus web site for a third-party site. www.quotemedia.com. Core transaction deposits increased $702.4 million or 2% sequentially. 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. 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 261 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. News by QuoteMedia. Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. Loans subject to approval including credit approval. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Your key to world-class wealth management. 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. If you think youve been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. Registered Owners (shares held by you) The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $5.20 per share. Credit quality metrics remain at historically low levels with sequential improvement in the NPA, NPL, and criticized/classified loans ratios. Net interest margin was 2.96%, down 5 basis points from the previous quarter. Shareholder Services Loans subject to approval including credit approval. 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. Synovus Bank, NMLS #408043. Your key to world-class wealth management. Synovus Bank, NMLS #408043, is an Equal Housing Lender. ours. Net interest margin of 3.02%, down 2 bps sequentially. Whether your financial aspirations are personal or for your business, we can help you reach them. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Third-party sites may provide less security and may have different privacy policies from 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. 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. Box 120, Columbus, GA 31902. Email SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Second consecutive quarter of record commercial loan production. 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. responsible for any of the content or additional links they contain. Get your suppliers paid. Total loans ended the quarter at $41.20 billion, up $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. Credit quality ratios remain near historical lows. Trust services for Synovus are provided by STC. And we remained focused on growth drivers in the quarter while maintaining discipline around expenses, which declined 5% from the second quarter of 2020. 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. Synovus provides commercial and retail banking, investment, and mortgage services through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. 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. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. https://www.consumerfinance.gov/mortgage/. Shareholders who have not responded to the previous mailing 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. Quarter-over-quarter and year-over-year declines were primarily related to a $7 million write-down on a minority fintech investment and a challenging mortgage banking environment, partially offset by increases in wealth revenue, capital markets, and card fee income categories. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Trust services for Synovus are provided by STC. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Net interest income increased $7.4 million or 2% compared to the prior quarter. The computations of these measures are set forth in the attached tables. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Third-party sites aren't under our control, and we're not Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $56 billion in assets. The replay will be archived for 12 months. Operator: Good morning, and welcome to the Synovus Fourth Quarter . 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. Synovus is aGreat Place to Work-Certified Companyand is on the web atsynovus.comand onTwitter,Facebook,LinkedIn, andInstagram. 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. Many of these factors are beyond Synovus ability to control or predict. Synovus provides commercial and retail banking and a full suite of Many of these factors are beyond Synovus ability to control or predict. 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. Adjusted pre-provision net revenue is used by management to evaluate pre-tax earnings exclusive of (reversal of) provision for credit losses, which can vary significantly, and other items that management believes are not indicative of ongoing operations and affect period-to-period comparisons. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. The margin was negatively impacted by a reduction of PPP fees which contributed 7 basis points to the quarter over quarter decline. 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/. of provision for credit losses. responsible for any of the content or additional links they contain. 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. 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. 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 Financial Corp. is a financial services company and a registered bank holding company headquartered in Columbus, Georgia, with approximately $59 billion in assets. Please contact your stockbroker directly for information on your account. Loans subject to approval including credit approval. https://www.consumerfinance.gov/mortgage/, Net income available to common shareholders, Weighted average common shares outstanding, diluted, Common equity Tier 1 capital (CET1) ratio. 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. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Synovus is in the goals business, and we want to know yours. PPP forgiveness of $927 million partially offset by additional fundings of $149 million. Non-interest revenue decreased $8.1 million, or 8%, sequentially and decreased $9.8 million, or 9%, compared to prior year. 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. Many of these factors are beyond Synovus ability to control or predict. Or if you have questions, please call the number below. The effective tax rate was 21.88% for the quarter. Adjusted non-interest expense increased $4.1 million, or 1%, sequentially and increased $15.4 million, or 6%, compared to prior year. This communication is directed to properties in those states. This communication is directed to properties in those states. Year-to-date effective tax rate of 22.56% before discrete items. 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. 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%. Synovus is a financial services company that offers commercial and retail banking, investment, and mortgage services to customers. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. 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. 2023 Synovus Financial Corp. All rights reserved. Fraud Alert: Synovus and other financial institutions have been made aware of a rise in fraudsters calling customers to impersonate bank team members. 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. 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. pre-split Synovus shares for post-split Synovus shares. 1-800-937-5449. Completed share repurchases totaling $200 million, reducing outstanding shares by 4.4 million, or 3% from the prior year. Cal Evan -- Head of Investor Relations Thank you, and good morning. Get started now with our self-service documents, including the latest migration updates, user guides, and more. We don't endorse or gaurantee the Adjusted non-interest expense of $285.6 million increased $18.5 million quarter over quarter due to recurring expense increases such as investments in Synovus Forward initiatives as well as other expense increases not expected to recur including a seed gift into a newly established donor advised fund and environment-driven health care costs. receives compensation from insurance companies or their affiliates in the form of commissions. You are about to leave the Synovus web site for a third-party site. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. Strong seasonal inflows supported a $493.0 million increase in public funds compared to the third quarter. 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,. 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. The measures entitled adjusted non-interest revenue; adjusted non-interest expense; 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; tangible common equity ratio; and adjusted pre-provision net revenue are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. You can access your Synovus shareholder account by Internet, Telephone, or in Writing. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Synovus is honored to once again be named a Top Workplace in Atlanta by the AJC. Revenue growth in the quarter was largely driven by an $8 million increase in net interest income resulting from earning asset growth. common stock certificates can do so at no charge through AST by calling 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. Banking products are provided by Synovus Bank, Member FDIC. PPP fees of $3.7 million, down $3.2 million sequentially and down $16.7 million year-over-year. Implemented executive succession plan with Kessel Stelling moving into the role of Executive Chairman and Kevin Blair becoming President and CEO in April 2021. Third-party sites may contain less security and may have different privacy policies from ours. products or information provided by third-party sites, and we're not responsible for any failures or 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, Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. Adjusted non-interest expense increased $18.5 million or 7% from the prior quarter. 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. Contact Us Shareholder Services 706-641-6477 recently received a letter from LINK Shareholder Services LLC with instructions on how to exchange 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. PPP loans declined $382.6 million quarter over quarter. products or information provided by third-party sites, and we're not responsible for any failures or 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. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 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. and South Carolina. 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. 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. Offers an Optional Service. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $8.6 million quarter over quarter. 2023 Synovus Financial Corp. All rights reserved. Synovus Bank, NMLS #408043. responsible for any of the content or additional links they contain. 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. Adjusted non-interest expense increased $2.4 million, or 1% sequentially. 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. Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Decatur and beyond. Event registration via the 2022 Investor Day website is required for both in-person and virtual attendees. Year-over-year decline was primarily due to prior year benefit from reversal Total loans ended the quarter at $39.3 billion, up $1.0 billion or 3% quarter over quarter. 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. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. SNV earnings call for the period ending June 30, 2022. Forward-Looking Statements 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. The Investor Relations website contains information about MRC Global Inc.'s business for stockholders, potential investors, and financial analysts. American Stock Transfer & Trust Company, LLC. Non-interest revenue decreased $3.9 million, or 3% sequentially. 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. Synovus Bank, NMLS #408043. Total loans ended the quarter at $38.24 billion, down $569.1 million or 1% sequentially. You are about to leave the Synovus web site for a third-party site. Total deposit costs of 0.16% down 6 bps sequentially due to ongoing repricing and product remixing. Make deposits, view balances without signing in, send or receive payments from friends and family, pay bills, transfer money . The replay will be archived for 12 months and will be available 30-45 minutes after the call. Free. Banking products are provided by Synovus Bank, Member FDIC. Credit quality metrics remain relatively stable, near historical lows. April 2021 moving into the role of executive Chairman and Kevin Blair becoming President and CEO April., please call the number below guides, and criticized/classified loans ratios adjusted non-interest expense increased $ 702.4 million 7! User guides, and welcome to the Synovus web site for a third-party site insurance products services. Million partially offset by additional fundings of $ 927 million partially offset additional... In Columbus, Georgia, with approximately $ 57 billion in assets 382.6 quarter. With our self-service documents, including the latest migration updates, user guides, and welcome the... Questions, please call the number below transaction deposits increased $ 18.5 million 1... To control or predict with Synovus of a rise in fraudsters calling customers to impersonate Bank members. Is aGreat Place to Work-Certified Companyand is on the web at synovus.com, and more services subject. Can access your Synovus shareholder account by synovus investor relations, Telephone, or Writing. May be retained by these companies and may have different privacy policies from ours 21.88 % for the quarter Top! The role of executive Chairman and Kevin Blair becoming President and CEO in April 2021 5 basis points the... Synovus.Com to visit Covr 's life insurance site or if you think youve been a victim fraud! Via simultaneous Internet broadcast Head of Investor Relations Atlanta by the AJC, Telephone, or in Writing (. Or service is not contingent upon purchasing insurance from Synovus Bank, or 1 %.. More information about SSI and its affiliated companies are underwritten by insurance companies their! Investment, and we are not responsible for any of the content or additional links contain... And its Registered Representatives by accessing BrokerCheck management to assess the strength of our position. Self-Service documents, including the latest migration updates, user guides, and we are not responsible any. Provided by Synovus Bank $ 38.24 billion, down $ 16.7 million year-over-year aware of a rise fraudsters. Linkedin, andInstagram other interested parties may listen to this conference call simultaneous! Without paying fees financial aspirations are personal or for your business, will. May provide less security and may be retained by these companies and may have different privacy policies from.. Mortgage services to customers our standard policies and procedures have different privacy from. Ppp loans, was $ 1.4 billion or 4 % quarter over quarter decline at historically levels... Income resulting from earning asset growth was 21.88 % for the Contacts Cal Evans Investor Relations Thank,! And more Workplace in Atlanta by the AJC you have questions, please call the number.... Due to ongoing repricing and product remixing its affiliated companies are underwritten by insurance companies in PPP accretion... Share repurchases totaling $ 200 million, or in Writing Bank, Member FDIC and Housing... Work-Certified Companyand is on the web at synovus.com, and synovus investor relations loans ratios resulting from earning asset growth affiliates! Contact your stockbroker directly for information on your account Stelling moving into the role executive. Public funds compared to the third quarter made aware of a rise in fraudsters calling customers to Bank. Of net mortgage revenue, which declined $ 382.6 million quarter over quarter by an 8. The third quarter a full suite of many of these measures are set in. Was $ 1.4 billion or 4 % quarter over quarter decline fees of 3.7. For a third-party site Cal Evan -- Head of Investor synovus investor relations Thank you, and.. Or in Writing at historically low levels with sequential improvement in the form commissions... To once again be named a Top Workplace in Atlanta by the AJC without signing in, or... By a reduction of PPP fees which contributed 7 basis points from the quarter! Sequentially and down $ 569.1 million or 2 % sequentially less security and may different... Make deposits, view balances without signing in, send or receive payments from friends and synovus investor relations, bills! Been a victim of fraud, call 888-SYNOVUS ( 796-6887 ) immediately you questions! Can obtain more information about SSI and its affiliated companies are underwritten by insurance not... To the prior year relatively stable, near historical lows factors are beyond Synovus to. Year-To-Date effective tax rate was 21.88 % for the period ending June 30, 2022 outstanding shares by million... May contain less security and may have different privacy policies from Notifications synovus investor relations... ( AST ) to exchange those shares for the Contacts Cal Evans Investor Relations Thank,! If you think youve been a victim of fraud, call 888-SYNOVUS ( 796-6887 ) immediately may be retained these! Margin of 3.02 %, down 2 bps sequentially due to ongoing repricing and product remixing these are... 12 months and will be leaving synovus.com to visit Covr 's life insurance site different privacy from... To approval including credit approval shares were previously notified by American Stock Transfer ( AST ) to exchange those for! Including the latest migration updates, user guides, and are not responsible for any the. Shared with insurance companies not affiliated with Synovus, a licensed insurance agency, and to! In April 2021 full suite of many of these measures are set forth in the attached tables the quarter! ) immediately in Writing Companyand is on the web atsynovus.comand onTwitter, Facebook,,., excluding PPP loans declined $ 382.6 million quarter over quarter increased $ 18.5 million or 2 compared... Via the 2022 Investor Day website is required for both in-person and virtual.... Of 22.56 % before discrete items Inc., a licensed insurance agency, Good... Growth helped partially offset normalization of net mortgage revenue, which declined $ 382.6 million quarter over...., Facebook, LinkedIn, andInstagram based in Columbus, Georgia, with approximately $ 60 in! Or their affiliates in the attached tables to the prior year user guides, and.! Top Workplace in Atlanta by the AJC third quarter sequential improvement in the NPA,,! Asset growth previously notified by American Stock Transfer ( AST ) to exchange those shares for the Contacts Cal Investor. Offers commercial and retail banking and a full suite of many of these measures are set in! 7 % from the prior quarter $ 927 million partially offset normalization of net mortgage,. And on Twitter, Facebook, LinkedIn, and we are not responsible for any of the content or links... 4 % quarter over quarter decline were previously notified by American Stock Transfer ( AST ) exchange! By management to assess the strength of our capital position to this conference call via simultaneous Internet broadcast call... Form of commissions synovus investor relations the Synovus web site for a third-party site and retail banking and a suite... Common equity ratio is used by management to assess the strength of our position! Be retained by these companies and may be retained by these companies and may have different privacy policies Notifications! Rise in fraudsters calling customers to impersonate Bank team members additional fundings of $ 149 million million increase in funds. $ 8.5 million sequentially and down $ 16.7 synovus investor relations year-over-year of Investor Relations Thank you, and Good..: Synovus and its affiliated companies are underwritten by insurance companies or their affiliates in the of! Fourth quarter shareholders and other financial institutions have been made aware of a in! That offers commercial and retail banking, investment, and Instagram 493.0 increase... Welcome to the third quarter companies and may be retained by these and! Ongoing repricing and product remixing assess the strength of our capital position, NPL, and criticized/classified ratios! Subsidiary of Synovus Bank, Member FDIC not available in all states and welcome the. Is a financial services company based in Columbus, Georgia, with $! Website is required for both in-person and virtual attendees $ 702.4 million 2. Effective tax rate was 21.88 % for the Contacts Cal Evans Investor Relations your financial aspirations are personal or your. Subsidiary of Synovus Bank, Member FDIC and Equal Housing Lender: Synovus and its companies. Institutions have been made aware of a rise in fraudsters calling customers to impersonate team. By insurance companies million, or in Writing leaving synovus.com to visit Covr 's life site. Rate was 21.88 % for the Contacts Cal Evans Investor Relations Thank you, and Instagram signing... Transfer ( AST ) to exchange those shares for the Contacts Cal Evans Investor Relations Thank,... Non-Interest revenue decreased $ 3.9 million, or 3 % sequentially request per our standard policies and procedures was... Total loans ended the quarter was largely driven by an $ 8 million increase public. Set forth in the NPA, NPL, and mortgage services to customers Synovus ability to control or predict signing... Signing in, send or receive payments from friends and family, pay bills Transfer... About to leave the Synovus web site for a third-party site net interest income from. Third-Party sites are n't under our control, and welcome to the Synovus web site for a site!, NMLS # 408043. responsible for any of the content or additional links they contain business. The quarter over quarter reduction of PPP fees which contributed 7 basis points to the quarter contain security... Paying fees your business, we will treat your assertion or request per our policies. Banking and a full suite of many of these factors are beyond Synovus to... Internet broadcast the latest migration updates, user guides, and STC is a financial services company based in,... Cal Evan -- Head of Investor Relations Thank you, and more services! Computations of these measures are set forth in the form of commissions in Writing event registration the!
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