Synovus Bank, NMLS #408043, is an Equal Housing Lender. Non-interest revenue of 117.1 million, an increase of 2% from third quarter. 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. 2023 Synovus Financial Corp. All rights reserved. Investment Stage. enrollment form. 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. All statements other than statements of historical fact are forward-looking statements. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Adjusted non-interest expense increased $18.5 million or 7% from the prior quarter. Your key to world-class wealth management. pre-split Synovus shares for post-split Synovus shares. Adjusted diluted EPS of $1.20, down $0.01 sequentially and up $0.97 compared to prior year. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. and South Carolina. 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 . receives compensation from insurance companies or their affiliates in the form of commissions. Credit quality ratios remain near historical lows. Synovus Bank, NMLS #408043, is an Equal Housing Lender. View your account, purchase and sell shares. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 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. Synovus provides commercial and retail banking, investment, and mortgage services through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. shares of the post-split amount. ET on February 8th, 2022. You can participate directly in the Plan by submitting a completed Net interest income increased $7.4 million or 2% compared to the prior quarter. products or information provided by third-party sites, and we're not responsible for any failures or 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. 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. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Senior Vice President, ESOP Finance. receives compensation from insurance companies or their affiliates in the form of commissions. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. The replay will be archived for 12 months and will be available 30-45 minutes after the call. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. https://www.consumerfinance.gov/mortgage/. ours. any one time and $250,000 in total per calendar year without paying fees. and South Carolina. Revenue growth in the quarter was largely driven by an $8 million increase in net interest income resulting from earning asset growth. 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. Loans subject to approval including credit approval. If you think youve been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. You have certain rights under Federal law related to resolving errors and requesting information about your mortgage account, and you may learn more about your rights by contacting Synovus Bank, or by visiting https://www.consumerfinance.gov/mortgage/. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Synovus Announces Earnings for the Second Quarter 2022 - Synovus Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2022. Adjusted non-interest revenue decreased $6.2 million. Shareholder Services 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. ET. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. This communication is directed to properties in those states. Due to space and health limitations, there are a limited number of in-person seats available. Non-interest expense increased $9.6 million, or 4%, sequentially and increased $11.5 million, or 4%, compared to prior year. Total adjusted revenue and adjusted non-interest revenue are measures used by management to evaluate total FTE revenue and non-interest revenue exclusive of net investment securities gains (losses), gain on sale and changes in the fair value of private equity investments, net, and fair value adjustment on non-qualified deferred compensation. and South Carolina. 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. In connection with our one-for-seven 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. SNV boasts an average earnings . 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. of provision for credit losses. Actual results may differ materially from those contemplated by such forward-looking statements. Consumer loans decreased by $96.7 million or 1% sequentially. 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. This impact was offset by a 2 basis point positive impact from non-PPP related earning assets. . 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. Period-end deposit growth of $2.7 billion or 6%. 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%. 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. Completed share repurchases totaling $200 million, reducing outstanding shares by 4.4 million, or 3% from the prior year. Otherwise, we will treat your assertion or request per our standard policies and procedures. ", 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. 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. Core transaction deposits (non-interest bearing, interest bearing demand, NOW/savings, and money market deposits excluding public and brokered funds) increased $5.1 billion or 16%. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, premium finance, asset-based lending, structured lending, and international banking through 246 branches in Georgia, Otherwise, we will treat your assertion or request per our standard policies and procedures. CRE loans declined $172.9 million as the recovery in commercial real estate continues. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. 1-800-937-5449. A fast, safe, and easy way to send money. The computations of these measures are set forth in the attached tables. The Investor Relations website contains information about MRC Global Inc.'s business for stockholders, potential investors, and financial analysts. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Were building a bank that stays in step with our customers as they pursue greater financial freedom and security. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. 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. Non-interest revenue decreased $8.1 million, or 8%, sequentially and decreased $9.8 million, or 9%, compared to prior year. Trust services for Synovus are provided by STC. A fast, safe, and easy way to send money. Synovus is in the goals business, and we want to know yours. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Non-interest expense increased $3.4 million sequentially and decreased $13.6 million compared to prior year. 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. Reverse Stock Split Follow Up Message from LINK Shareholder Services Loans subject to approval including credit approval. responsible for any of the content or additional links they contain. Contact Us Shareholder Services 706-641-6477 Synovus is honored to once again be named a Top Workplace in Atlanta by the AJC. Adjusted diluted EPS of $1.17, up $0.09 sequentially and down $0.03 compared to prior year. Drivers of the decline included our strong credit performance, including reduction of NPLs, and quality and mix of new originations, offset by an uncertain and generally negative economic outlook. https://www.consumerfinance.gov/mortgage/. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. Banking products are provided by Synovus Bank, Member FDIC. Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $702.4 million or 2% sequentially. Year-over-year increase was primarily due to incentives and costs associated with elevated performance, merit increases, new business initiatives, and infrastructure investments. Email COLUMBUS, Ga., July21, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June30, 2022. Investor Relations (706) 644-3781 (706) 641-6500: Synovus Announces Earnings for . Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Our Synovus team delivered solid financial performance in the second quarter while continuing to position the company for long-term success, said Kevin Blair, Synovus President and CEO. Continue Or if you have questions, please call the number below. 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%. 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. Synovus Bank, NMLS #408043. Cost of deposits decreased 16 basis points to 0.12% in the fourth quarter of 2021 as compared to the fourth quarter of 2020. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Otherwise, we will treat your assertion or request per our standard policies and procedures. 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