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. 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. 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. Consumer loans decreased by $96.7 million or 1% sequentially. Trust services for Synovus are provided by STC. Reverse Stock Split Follow Up Message from LINK Shareholder Services inaccuracies. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Synovus has partnered with Covr to bring you the right life insurance for you, backed by high quality service from a team of insurance experts ready to help. You have certain rights under Federal law related to resolving errors and requesting information about your mortgage account, and you may learn more about your rights by contacting Synovus Bank, or by visiting https://www.consumerfinance.gov/mortgage/. Any shareholders which still need to redeem their Credit quality metrics experienced broad based improvement. Third-party sites may contain less security and may have different privacy policies from ours. enrollment form. 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. Notifications. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $8.6 million quarter over quarter. Box 120, Columbus, GA 31902. Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. Trust services for Synovus are provided by STC. 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. ET. Alabama, South Carolina, Florida, and Tennessee. Net interest margin was 3.22%, up 22 bps sequentially, aided by higher interest rates, lower cash balances, and slower deposit repricing. 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. 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. The replay will be archived for 12 months and will be available 30-45 minutes after the call. And we remained focused on growth drivers in the quarter while maintaining discipline around expenses, which declined 5% from the second quarter of 2020. SNV earnings call for the period ending June 30, 2022. Third-party sites may contain less security and may have different privacy policies from ours. 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. Operator: Good morning, and welcome to the Synovus Fourth Quarter . Email Cal Evan -- Head of Investor Relations Thank you, and good morning. Paycheck Protection Program (PPP) loans declined $763.4 million and third-party consumer loan balances increased $272.5 million sequentially. inaccuracies. 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. Image source: The Motley Fool. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. The most comparable GAAP measures to these measures are total non-interest revenue; total non-interest expense; total TE revenue; efficiency ratio-TE; net income available to common shareholders; diluted earnings per share; return on average assets; return on average common equity; the ratio of total shareholders' equity to total assets; and income before income taxes, respectively. recently received a letter from LINK Shareholder Services LLC with instructions on how to exchange Select to close this tab. Adjusted non-interest expense increased $18.5 million or 7% from the prior quarter. A recording of the 2022 Investor Day webcast will be available on the Investor Day website following the event. CRE loans increased $358.1 million sequentially, led by multi-family loans in addition to our Specialty Healthcare group. 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. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Synovus Financial ( SNV -2.35%) Q2 2022 Earnings Call. Trust services for Synovus are provided by STC. Adjusted earnings per diluted share for 2021 were $4.95 as compared to $2.41 for 2020, an increase of 106%. Synovus is in the goals business, and we want to know yours. 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. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. A fast, safe, and easy way to send money. PPP forgiveness of $927 million partially offset by additional fundings of $149 million. 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. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. Period-end deposit growth of $1.7 billion or 4% from the third quarter. 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 Credit quality ratios remain near historical lows. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July21, 2022. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Otherwise, we will treat your assertion or request per our standard policies and procedures. Streetholders (shares held by your broker) 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. ours. American Stock Transfer & Trust Company, LLC. Synovus Mobile Banking. 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. You are about to leave the Synovus web site for a third-party site. The earnings call will be accompanied by a slide presentation. 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. Total revenue of $522.7 million increased $33.7 million, or 7%, compared to prior year. initial investment of at least $250. Contact Us Shareholder Services 706-641-6477 Investor Type Non-interest expense increased $9.6 million, or 4%, sequentially and increased $11.5 million, or 4%, compared to prior year. 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. Tax expense was $56.8 million, an increase of $7.7 million driven by higher taxable income and unfavorable change in discrete items. The information you enter may be retained by these companies and may be shared with insurance companies. Synovus Financial Corp. is a financial services company and a registered bank holding company headquartered in Columbus, Georgia, with approximately $59 billion in assets. 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. 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. PPP fees of $3.7 million, down $3.2 million sequentially and down $16.7 million year-over-year. Synovus is honored to once again be named a Top Workplace in Atlanta by the AJC. Contacts Cal Evans Investor Relations. 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 Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Key metrics include a quarter-end non-performing loan ratio of 0.33%, non-performing asset ratio of 0.40% and a quarterly net charge-off ratio of 0.11%. Year-over-year increase was primarily due to incentives and costs associated with elevated performance, merit increases, new business initiatives, and infrastructure investments. Notifications. COLUMBUS, Ga., January 20, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2021. 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. Get yourself paid. 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. Net interest income increased $7.4 million or 2% compared to the prior quarter. COLUMBUS, Ga., July 20, 2021 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2021. February 10, 2023 - 7:30 AM PST. 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