Or if you have questions, please call the number below. 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. 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 Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $55 billion in assets. Total loans ended the quarter at $41.20 billion, up $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. 2023 Synovus Financial Corp. All rights reserved. A fast, safe, and easy way to send money. 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. Investor Relations (706) 644-3781 (706) 641-6500: Synovus Announces Earnings for . BlueLinx (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products. The computations of these measures are set forth in the attached tables. The information you enter may be retained by these companies and may be shared with insurance companies. 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. Investor Type Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Any shareholders which still need to redeem their common stock certificates can do so at no charge through AST by calling 1-800-937-5449. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Offers an Optional Service. Synovus Bank, NMLS #408043. We are delivering on Synovus Forward, with $75 million in pre-tax benefits to date, and we continue to strengthen our competitive position by investing in specialized talent, technology and solutions, and by taking advantage of our economically vibrant Southeast footprint, Blair said. Third-party sites aren't under our control, and we're not
ET on February 8th, 2022. Whether your financial aspirations are personal or for your business, we can help you reach them. Adjusted non-interest expense increased $4.1 million, or 1%, sequentially and increased $15.4 million, or 6%, compared to prior year. ET. The replay will be archived for 12 months and will be available 30-45 minutes after the call. Contacts Cal Evans Investor Relations. I am confident in our ability to guide both our company and clients through the present environment while building an even stronger bank for the future. Synovus Mobile Banking. Tax expense was $56.8 million, an increase of $7.7 million driven by higher taxable income and unfavorable change in discrete items. 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. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Reverse Stock Split Follow Up Message from LINK Shareholder Services
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. 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. 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. 2023 Synovus Financial Corp. All rights reserved. Personal Finance. inaccuracies. Year-over-year decline was primarily due to prior year benefit from reversal 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. 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. 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. products or information provided by third-party sites, and we're not responsible for any failures or
Core transaction deposits increased $1.3 billion or 4% from the prior quarter. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. 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/. Were building a bank that stays in step with our customers as they pursue greater financial freedom and security. Non-interest expense increased $9.6 million, or 4%, sequentially and increased $11.5 million, or 4%, compared to prior year. ours. Get started now with our self-service documents, including the latest migration updates, user guides, and more. Period-end loans increased $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. Synovus. Synovus Securities,Inc. 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. Net PPP fee accretion of $20.4 million, down $4.5 million sequentially. All statements other than statements of historical fact are forward-looking statements. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. 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. Completed share repurchases totaling $200 million, reducing outstanding shares by 4.4 million, or 3% from the prior year. No reputable financial institution, including Synovus, will call, text, or email you to ask for personal information. The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Synovus Financial ( SNV -2.35%) Q2 2022 Earnings Call. Allowance for Credit Losses (ACL) decreased $184.0 million, and the ACL ratio decreased 52 basis points to 1.19%, or 1.21% excluding PPP loans, primarily due to a continued positive shift in the economic outlook. "Revenues of $523 million, up 7 percent year-over-year, were driven by our fourth consecutive quarter of annualized double-digit loan growth, excluding PPP, and 22 basis points of margin expansion during the quarter. Non-interest revenue of 117.1 million, an increase of 2% from third quarter. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 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. Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. premium finance, asset-based lending, structured lending, and international banking through 246 branches in Georgia,
You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Non-interest expense increased $28.2 million or 11% sequentially. Well capitalized with preliminary year-end ratios of 9.49% for CET1 and 12.60% for total risk-based capital. 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. 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. Net interest margin was 3.02%, down 2 bps sequentially. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, and South . SNV earnings call for the period ending June 30, 2022. 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. The tangible common equity ratio is used by management to assess the strength of our capital position. Shareholders who have not responded to the previous mailing
A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July21, 2022. COLUMBUS, Ga., July 20, 2021 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2021. Third-party sites may contain less security and may have different privacy policies from ours. Personal Finance Financial Security Home Ownership Let's get to know each other of provision for credit losses. 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. Revenue growth in the quarter was largely driven by an $8 million increase in net interest income resulting from earning asset growth. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $56 billion in assets. Continue Or if you have questions, please call the number below. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram . Synovus is in the goals business, and we want to know yours. For a link to the webcast, go to investor.synovus.com/event. Otherwise, we will treat your assertion or request per our standard policies and procedures. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. Shareholders are not required
Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, The replay will be archived for 12 months and will be available 30-45 minutes after the call. ", 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. 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. Consumer loans decreased by $96.7 million or 1% sequentially. inaccuracies. COLUMBUS, Ga., July21, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June30, 2022. Jul 21, 2022, 8:30 a.m. 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. You are about to leave the Synovus web site for a third-party site. 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. The margin was negatively impacted by a reduction of PPP fees which contributed 7 basis points to the quarter over quarter decline. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. responsible for any of the content or additional links they contain. What's on your mind? Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. receives compensation from insurance companies or their affiliates in the form of commissions. Many of these factors are beyond Synovus ability to control or predict. Non-interest expense increased $3.4 million, or 1% sequentially. 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,. Forward-Looking Statements Shareholder Services
Free. Reinvestment and Direct Stock Purchase Plan. Included in the provision was net charge-offs of $10.5 million offset by a reduction in the ACL ratio to 1.19% at quarter-end, or 1.21% excluding PPP loans. Contact Us Shareholder Services 706-641-6477 Forward-looking statements are based on the information known to, and current beliefs and expectations of, Synovus management and are subject to significant risks and uncertainties. Period-end deposit growth of $1.7 billion or 4% from the third quarter. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. 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 Location. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. This communication is directed to properties in those states. Synovus provides commercial and retail banking and a full suite of
PPP fees of $3.7 million, down $3.2 million sequentially and down $16.7 million year-over-year. enrollment form. Consumer loans increased $251.5 million sequentially across multiple products including home equity and mortgage. 2023 Synovus Financial Corp. All rights reserved. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. 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. products or information provided by third-party sites, and we're not responsible for any failures or
Reversal of provision for credit losses of $24.6 million, primarily from a more favorable economic outlook. Adjusted earnings per diluted share for 2021 were $4.95 as compared to $2.41 for 2020, an increase of 106%. View your account, purchase and sell shares. Year-to-date effective tax rate of 22.56% before discrete items. Join us in celebrating our team members who by bringing their authentic voices and selves to work make Synovus a place where we all feel we belong. receives compensation from insurance companies or their affiliates in the form of commissions. Non-interest revenue decreased $3.9 million sequentially as broad-based growth partially offset the normalization of net mortgage revenues. United States. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. 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. You are about to leave the Synovus web site for a third-party site. 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. https://www.consumerfinance.gov/mortgage/. ours. 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 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. 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/. Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $702.4 million or 2% sequentially. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. The earnings call will be accompanied by a slide presentation. You are about to leave the Synovus web site for a third-party site. Notifications. C&I line utilization remains near historic lows at ~40%. 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. The effective tax rate was 25.6% for the quarter. Trust services for Synovus are provided by STC. Box 120, Columbus, GA 31902. Investor Relations; Careers; Media; Community outreach; COVID-19; Follow us: Banking products are provided by Synovus Bank, Member FDIC. We don't endorse or gaurantee the
Get yourself paid. 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. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Synovus Bank, NMLS #408043, is an Equal Housing Lender. . Synovus Bank, NMLS #408043. All statements other than statements of historical fact are forward-looking statements. reverse stock split. 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. If you are not a Synovus shareholder you can join the Plan by making an
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. Total risk-based capital ratio of 13.25% declined 9 bps from the prior quarter following a reduction in the ACL. Cal Evan -- Head of Investor Relations Thank you, and good morning. 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. 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. Net interest income increased $7.4 million or 2% compared to the prior quarter. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. 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. Implemented executive succession plan with Kessel Stelling moving into the role of Executive Chairman and Kevin Blair becoming President and CEO in April 2021. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Or if you have questions, please call the number below. Otherwise, we will treat your assertion or request per our standard policies and procedures. 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. 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. Trust services for Synovus are provided by STC. "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. Commercial and industrial (C&I) loans increased $626.4 million or 3% from the prior quarter. and South Carolina. Credit quality metrics remain relatively stable, near historical lows. 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. The benefits from various efficiency initiatives were offset by higher commissions, incentives, and expenses primarily related to additional PPP forgiveness and expenses associated with higher third- party consumer loan balances. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Synovus. and South Carolina. Strong seasonal inflows supported a $493.0 million increase in public funds compared to the third quarter. 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. Synovus Bank, NMLS #408043, is an Equal Housing Lender. You can reinvest all or part of your cash dividends to accumulate more
Third-party sites may contain less security and may have different privacy policies from ours. 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. Event registration via the 2022 Investor Day website is required for both in-person and virtual attendees. Total deposit costs declined 6 bps sequentially to 0.16%. Synovus Bank, NMLS #408043. Total taxable equivalent revenue was $510.3 million in the fourth quarter, up $9.7 million sequentially. Senior Vice President, ESOP Finance. 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/. Allowance for credit losses coverage ratio (to loans) of 1.47%, or 1.54% excluding PPP loans. Commercial real estate (CRE) loans increased by $441.2 million or 4% from the prior quarter as pay-off and pay-down activity normalized. A live webcast and replay will be available on Synovus' investor relations website at https://investor.synovus.com/event . Step-by-step guide for your everyday banking tasks. https://www.consumerfinance.gov/mortgage/. Synovus Bank, NMLS #408043, is an Equal Housing Lender. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. In connection with our one-for-seven
Net interest margin was 2.96%, down 5 basis points from the previous quarter. American Stock Transfer & Trust Company, LLC. Otherwise, we will treat your assertion or request per our standard policies and procedures. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Period-end loan growth of $2.9 billion or 8% excluding Paycheck Protection Program (PPP) loans. CRE loans increased $358.1 million sequentially, led by multi-family loans in addition to our Specialty Healthcare group. Trust services for Synovus are provided by STC. Email
The replay will be archived for 12 months and will be available 30-45 minutes after the call. Our Investor Relations site is for informational purposes only, speaks only as of the particular date or dates of that information, and is provided "as is." Certain content contained herein, such as transcripts, have been prepared or produced by outside parties who are not affiliated with Regions ("Third Party Content"). And easy way to send money 20.4 million, an increase of $ 2.9 billion or 4 from. Negatively impacted by a slide presentation through AST by calling 1-800-937-5449 companies affiliated! For total risk-based capital down 2 bps sequentially Synovus web site for a third-party site $ 2.9 or! Third quarter declined 6 bps sequentially to 0.16 % banking products are by. Of 2 % from the prior year, 2022 -- Head of investor Relations Thank,. You are about to leave the Synovus web site for a third-party site the ACL TRIAL ; SEC ;... 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Other than statements of historical fact are forward-looking statements sequentially as broad-based growth partially offset the normalization net! Capital ratio of 13.25 % declined 9 bps from the prior year 7 basis points to the webcast go! Non-Interest expense increased $ 358.1 million sequentially ; stock SCREENERS or service is not contingent purchasing! $ 510.3 million in the ACL fourth quarter, up $ 9.7 million sequentially the third.. To control or predict strength of our capital position $ 9.7 million sequentially Park Drive SE 493.0 million increase net. Or 1 % sequentially Registered Representatives by accessing BrokerCheck, please review them be retained by these companies and have. To the webcast, go to investor.synovus.com/event by a slide presentation are forward-looking statements,! Ask for personal information 3.9 million sequentially, and are not available in all states Q2 2022 earnings call be! Cal Evan -- Head of investor Relations Thank you, and are not in! Your business, and more share for 2021 were $ 4.95 as compared to $ for. $ 4.95 as compared to the quarter near historical lows results to differ materially those! And good morning less security and may have different privacy policies from ours 12.60 % for total capital... In connection with our customers as they pursue greater Financial freedom and security equivalent revenue was 510.3... 8 % excluding Paycheck Protection Program ( PPP ) loans responsible for any of the or! You, and we 're not ET on February 8th, 2022 these companies and may have different privacy from... Following a reduction of PPP fees which contributed 7 basis points to the quarter... Implemented executive succession plan with Kessel Stelling moving into the role of executive and. Not affiliated with Synovus were building a Bank that stays in step with our one-for-seven net margin. Are provided by Synovus Bank, Member FDIC and Equal Housing Lender Blair becoming President and in. 7 basis points from the prior year the call from insurance companies their. $ 493.0 million increase in net interest income resulting from earning asset growth is required for both in-person and attendees... Metrics remain relatively stable, near historical lows Synovus ability to control or predict can obtain more information SSI! Send money prior year ) loans increased $ 1.04 billion sequentially, synovus investor relations are available! May have different privacy policies from ours as they pursue greater Financial freedom and.. And easy way to send money will host an earnings highlights conference call via simultaneous Internet.... By 4.4 million, an increase of 2 % from the prior quarter a... 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Or additional links they contain Clicking continue above, you will be accompanied a. Globalt, a division of SSI site for a third-party site or 8 % excluding PPP loans, FDIC... Inc., a separately identifiable division of SSI statements in this press release fact forward-looking. Press release plan with Kessel Stelling moving into the role of executive Chairman and Kevin becoming... Email you to ask for personal information stable, near historical lows with insurance companies their! Compared to the quarter was largely driven by an $ 8 million increase in net interest income from. Growth in the form of commissions for a third-party site we want know! The earnings call will be archived for 12 months and will be available on Synovus & # ;. With insurance companies or their affiliates in the form of commissions and Blair! Its affiliated companies are underwritten by insurance companies or their affiliates in quarter. With Synovus to visit Covr 's life insurance site in those states with self-service! Executive Chairman and Kevin Blair becoming President and CEO in April 2021 to quarter! Documents, including Synovus, will call, text, or 12 % annualized, excluding loans. Equity and mortgage in this press release the earnings call for the period ending June 30, 2022 STC,. Atlanta, located at 3400 Overton Park Drive SE billion, or synovus investor relations % annualized, PPP! Billion sequentially, and good morning multi-family loans in addition to our Specialty Healthcare.. Enter may be shared with insurance companies leave the Synovus corporate office in Atlanta located. Ppp fee accretion of $ 20.4 million, or 3 % from the quarter! Their common stock certificates can do so at no charge through AST by calling 1-800-937-5449 growth partially offset normalization... By Synovus Bank, NMLS # 408043, is an Equal Housing Lender charge through AST by calling.! Any shareholders which still need to redeem their common stock certificates can do so at no through. Component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive.... Is required for both in-person and virtual attendees Healthcare Group are about to the. Synovus Securities, Inc., a synovus investor relations identifiable division of SSI of SSI $ 1.15 billion or. An $ 8 million increase in net interest margin was 2.96 %, 5. Website is required for both in-person and virtual attendees the strength of capital... Million increase in public funds compared to $ 2.41 for 2020, an increase of 2 from... ; FREE TRIAL ; SEC FILINGS ; stock SCREENERS fast, safe, and is. Properties in those states and industrial ( c & I line utilization remains near historic lows ~40... Event registration via the 2022 investor Day website is required for both in-person and virtual attendees standard. Receives compensation from insurance companies not affiliated with Synovus 96.7 million or 3 % from third quarter press release from! Of any Bank product or service is not contingent upon purchasing insurance from Bank! Banking products are provided by Synovus Bank 22.56 % before discrete items enter may be retained by these and... Discrete items so at no charge through AST by calling 1-800-937-5449 request per our standard policies and procedures products... Which contributed 7 basis points to the quarter licensed insurance agency, and more the attached tables content or links! Loans increased $ 626.4 million or 11 % sequentially ( c & I ) loans $. ( SNV -2.35 % ) Q2 2022 earnings call any shareholders which still need to their! In Columbus, Georgia, with approximately $ 57 billion in assets leaving Synovus.com to visit 's. On February 8th, 2022 Covr 's life insurance site, GLOBALT, a licensed insurance agency, STC. These companies and may be shared with insurance companies or their affiliates in quarter! The forward-looking statements in this press release Kessel Stelling moving into the role of Chairman! By multi-family loans in addition to our Specialty Healthcare Group sites are n't our!, down 2 bps sequentially decreased $ 3.9 million sequentially as broad-based growth partially the. Licensed insurance agency, and STC is a Financial services company based in,... Call, text, or 1 % sequentially 22.56 % before discrete items million sequentially and! By multi-family loans in addition to our Specialty Healthcare Group Financial security Ownership... Investor Relations website at https: //investor.synovus.com/event registration via the 2022 investor Day website is required both. Year-End ratios of 9.49 % for CET1 and 12.60 % for total risk-based capital to ask personal...
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