Personal Finance Financial Security Home Ownership Let's get to know each other Otherwise, we will treat your assertion or request per our standard policies and procedures. receives compensation from insurance companies or their affiliates in the form of commissions. A fast, safe, and easy way to send money. 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. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, and South . to utilize LINK Shareholder Services. 2023 Synovus Financial Corp. All rights reserved. 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. www.quotemedia.com. Synovus Securities,Inc. Net interest income of $381.9 million increased $8.0 million sequentially as asset growth, reduced deposit costs, and a higher day count more than offset the reduction in PPP fee income. Shareholders who have not responded to the previous mailing
Net income available to common shareholders for 2021 was $727.3 million or $4.90 per diluted share as compared to $340.5 million or $2.30 per diluted share for 2020. Adjusted earnings per diluted share for 2021 were $4.95 as compared to $2.41 for 2020, an increase of 106%. The tangible common equity ratio is used by management to assess the strength of our capital position. If you think you've been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Synovus Financial Corp.is a financial services company based in Columbus,
Synovus Financial Corp. (NYSE: SNV) Q4 2022 Earnings Call Transcript January 19, 2023. The non-performing asset ratio fell 4 bps to 0.46% sequentially; criticized and classified loans declined 14% compared to prior quarter. Synovus Financial ( SNV -2.35%) Q2 2022 Earnings Call. Please contact your stockbroker directly for information on your account. Your key to world-class wealth management. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Fraud Alert: Synovus and other financial institutions have been made aware of a rise in fraudsters calling customers to impersonate bank team members. 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 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. Year-over-year decline was primarily due to prior year benefit from reversal Net income available to common shareholders of $177.9 million or $1.19 per diluted share, unchanged sequentially and up $0.62 compared to prior year. PPP forgiveness of $927 million partially offset by additional fundings of $149 million. "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. The credit outlook continued to improve, with a 14% reduction in criticized and classified loans and another quarter of reserve release. 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. Step-by-step guide for your everyday banking tasks. Cal Evan -- Head of Investor Relations Thank you, and good morning. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 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/. Credit quality ratios remain near historical lows. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. The replay will be archived for 12 months and will be available 30-45 minutes after the call. Synovus is in the goals business, and we want to know yours. 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. 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. With over 18 years of commercial banking experience, Kevin has thrived in developing long-term and trusted relationships with his clients. . These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Notifications. 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. Synovus Bank, NMLS #408043, is an Equal Housing Lender. 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 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 Our ongoing focus on growing core operating deposit relationships led to another quarter of account growth, as well as non-interest bearing deposit growth of $254 million. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $8.6 million quarter over quarter. The most comparable GAAP measures to these measures are total non-interest revenue; total non-interest expense; total FTE revenue; efficiency ratio-FTE; net income available to common shareholders; diluted earnings per share; return on average assets; return on average common equity; and the ratio of total shareholders' equity to total assets, respectively. products or information provided by third-party sites, and we're not responsible for any failures or
ours. 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. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Trust services for Synovus are provided by STC. If you think youve been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Third-party sites may contain less security and may have different privacy policies from ours. We provide commercial and retail banking in addition to a full suite of specialized products and services including Allowance for credit losses coverage ratio (to loans) of 1.47%, or 1.54% excluding PPP loans. Shareholder Services
pre-split Synovus shares for post-split Synovus shares. Year-over-year increase was primarily due to incentives and costs associated with elevated performance, merit increases, new business initiatives, and infrastructure investments. 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. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Trust services for Synovus are provided by STC. specialized products and services, including private banking, treasury management, wealth management, mortgage services,
Get yourself paid. For a link to the webcast, go to investor.synovus.com/event. The effective tax rate was 21.88% for the quarter. 2023 Synovus Financial Corp. All rights reserved. Cost of deposits decreased 16 basis points to 0.12% in the fourth quarter of 2021 as compared to the fourth quarter of 2020. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Synovus provides commercial and retail banking, investment, and mortgage services through 285 branches in Alabama, Florida, Georgia, South Carolina, and Tennessee. Shareholders are not required
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. Third-party sites may contain less security and may have different privacy policies from ours. 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. Trust services for Synovus are provided by STC. 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/. https://www.consumerfinance.gov/mortgage/. You can participate directly in the Plan by submitting a completed
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