Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. Total deposit costs of 0.16% down 6 bps sequentially due to ongoing repricing and product remixing. 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. We don't endorse or gaurantee the 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. Personal Finance. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July21, 2022. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. 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. ET on January 20, 2022. 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. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. reverse stock split which became effective May 16, 2014, shareholders with certificated Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $702.4 million or 2% sequentially. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. https://www.consumerfinance.gov/mortgage/. Adjusted non-interest revenue decreased $6.2 million. You are about to leave the Synovus web site for a third-party site. Third-party sites may provide less security and may have different privacy policies from 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 Year-over-year increase was primarily due to incentives and costs associated with elevated performance, merit increases, new business initiatives, and infrastructure investments. Preliminary total risk-based capital ratio of 12.60% decreased 32 basis points from the prior quarter, primarily from strong asset growth and reduction in the allowance for credit losses. Net interest margin of 3.02%, down 2 bps sequentially. The information you enter may be retained by these companies and may be shared with insurance companies. Synovus. Actual results may differ materially from those contemplated by such forward-looking statements. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. During the event, President and CEO Kevin Blair, CFO Jamie Gregory, and other members of the Synovus executive leadership team will present the companys business drivers and strategic plans for building the bank of the future. The margin was negatively impacted by a reduction of PPP fees which contributed 7 basis points to the quarter over quarter decline. Credit quality metrics experienced broad based improvement. and South Carolina. 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. 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. Total deposits ended the quarter at $49.03 billion, up $378.5 million sequentially, impacted by seasonal effects and rate-driven outflows of $803.9 million and $358.3 million, respectively, in money-market and interest-bearing demand deposit accounts and offset by the use of brokered deposits as a cost-effective balance sheet and liquidity management tool. Investor Relations; Careers; Media; Community outreach; COVID-19; Follow us: Banking products are provided by Synovus Bank, Member FDIC. Synovus Bank, NMLS #408043, is an Equal Housing Lender. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. The earnings call will be accompanied by a slide presentation. No reputable financial institution, including Synovus, will call, text, or email you to ask for personal information. Period-end loan growth of $1.4 billion or 4% quarter over quarter, excluding the reduction in PPP loans. Adjusted non-interest expense increased $4.1 million, or 1%, sequentially and increased $15.4 million, or 6%, compared to prior year. Third-party sites may contain less security and may have different privacy policies from ours. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. The information you enter may be retained by these companies and may be shared with insurance companies. 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/. 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. 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 Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. 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. Loans subject to approval including credit approval. The non-performing asset ratio fell 4 bps to 0.46% sequentially; criticized and classified loans declined 14% compared to prior 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 279 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Third-party sites aren't under our control, and we're not PPP forgiveness of $927 million partially offset by additional fundings of $149 million. The computations of these measures are set forth in the attached tables. 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. Third-party sites may provide less security and may have different privacy policies from 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. C&I line utilization increased approximately 340 basis points to 43%. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Third-party sites aren't under our control, and we're not Adjusted earnings per diluted share of $1.35, up 12% quarter over quarter and 25% year over year. Synovus Bank, NMLS #408043, is an Equal Housing Lender. In-person seats will not be considered reserved until a confirmation email is received from Synovus Investor Relations. We don't endorse or gaurantee the receives compensation from insurance companies or their affiliates in the form of commissions. 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. Personal Finance Financial Security Home Ownership Let's get to know each other Synovus will host an earnings highlights conference call at 8:30 a.m. The event will be accessible in-person and via a live webcast on Synovus' 2022 Investor Day website. 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. 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. The tangible common equity ratio is used by management to assess the strength of our capital position. A recording of the 2022 Investor Day webcast will be available on the Investor Day website following the event. Third-party sites may contain less security and may have different privacy policies from ours. Synovus provides commercial and retail banking, investment, and mortgage services through 285 branches in Alabama, Florida, Georgia, South Carolina, and Tennessee. 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. Free. Net income available to common shareholders of $169.8 million, or $1.16 per diluted share, up $0.05 sequentially and down $0.03 compared to prior year. common stock certificates can do so at no charge through AST by calling 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 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. Preliminary CET1 ratio increased 1 bp sequentially to 9.75%, with strong core earnings helping offset the decline from $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%. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Net interest margin was 2.96%, down 5 basis points from the previous quarter. 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. Non-interest revenue of 117.1 million, an increase of 2% from third quarter. Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will present at the Raymond James & Associates 44 th Annual Institutional Investors Conference on March 7, 2023, at. 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. We don't endorse or gaurantee the These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Were building a bank that stays in step with our customers as they pursue greater financial freedom and security. 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. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corp. (NYSE: SNV) Q4 2022 Earnings Call Transcript January 19, 2023. Non-interest revenue decreased $3.9 million, or 3% sequentially. recently received a letter from LINK Shareholder Services LLC with instructions on how to exchange Direct Stock Purchase Plan Investing in Synovus stock is easy, convenient and more affordable with The Synovus Dividend Reinvestment and Direct Stock Purchase Plan. Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Decatur and beyond. With a strong market position, broad geographic coverage footprint servicing 50 states . SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Skip to Content Toggle navigation Log in Manage Your Account Synovus Mobile Banking. We provide commercial and retail banking in addition to a full suite of specialized products and services including You can reinvest all or part of your cash dividends to accumulate more (844) 240-0999 By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. Tax expense was $56.8 million, an increase of $7.7 million driven by higher taxable income and unfavorable change in discrete items. Streetholders (shares held by your broker) We expect our efforts to produce sustained profitable growth, positive operating leverage, and higher returns as we progress toward becoming a top quartile performing bank.. shares of the post-split amount. 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. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. 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