common stock certificates can do so at no charge through AST by calling We don't endorse or gaurantee the The information you enter may be retained by these companies and may be shared with insurance companies. Cal Evans: Media Relations. A fast, safe, and easy way to send money. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. 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. Non-interest expense of $295.2 million, an increase of $28.2 million 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 261 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. 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. CRE loans declined $172.9 million as the recovery in commercial real estate continues. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Commercial and industrial (C&I) loans declined $543.7 million sequentially, led by a decline in PPP loan balances of $763.4 million. inaccuracies. Banking products are provided by Synovus Bank, Member FDIC. 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. For a link to the webcast, go to investor.synovus.com/event. 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 is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. Trust services for Synovus are provided by STC. Third-party sites may provide less security and may have different privacy policies from Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram . You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Year-over-year decline was primarily due to prior year benefit from reversal Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. For a link to the webcast, go to investor.synovus.com/event. 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. https://www.consumerfinance.gov/mortgage/. Total deposit costs declined 1 basis point from the third quarter to 12 basis points. and South Carolina. 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. enrollment form. Many of these factors are beyond Synovus ability to control or predict. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Otherwise, we will treat your assertion or request per our standard policies and procedures. 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. Share this article: Stay In The Know. 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. Core transaction deposits increased $1.3 billion or 4% from the prior quarter. 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. Select to close this tab, Financial Security. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, February 10, 2023 - 7:30 AM PST. Investor Type 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 specialized products and services, including private banking, treasury management, wealth management, mortgage services, Synovus provides commercial and retail banking, investment, and mortgage services through 285 branches in Alabama, Florida, Georgia, South Carolina, and Tennessee. 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/. Trust services for Synovus are provided by STC. The replay will be archived for 12 months and will be available 30-45 minutes after the call. Third-party sites may contain less security and may have different privacy policies from ours. Reversal of provision for credit losses of $24.6 million supported by a more positive economic outlook and 14% reduction in criticized and classified loans; allowance for credit losses coverage ratio (to loans) of 1.47%, or 1.54% excluding PPP loans. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Period-end deposit growth of $1.7 billion or 4% from the third quarter. Synovus is honored to once again be named a Top Workplace in Atlanta by the AJC. Third-party sites may contain less security and may have different privacy policies from ours. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. This impact was offset by a 2 basis point positive impact from non-PPP related earning assets. 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. 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"). 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. 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 Bank, NMLS #408043, is an Equal Housing Lender. Credit quality metrics remain at historically low levels with sequential improvement in the NPA, NPL, and criticized/classified loans ratios. Notifications. Well capitalized with preliminary year-end ratios of 9.49% for CET1 and 12.60% for total risk-based capital. American Stock Transfer & Trust Company, LLC. Core transaction deposits increased $1.3 billion or 4% quarter over quarter. 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. ours. COLUMBUS, Ga., July21, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June30, 2022. 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. 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 Actual results may differ materially from those contemplated by such forward-looking statements. Capital generated from earnings was offset by strong asset growth as well as capital deployed through dividends and share repurchases. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Loans subject to approval including credit approval. 2023 Synovus Financial Corp. All rights reserved. Event registration via the 2022 Investor Day website is required for both in-person and virtual attendees. Year-to-date effective tax rate of 22.56% before discrete items. All statements other than statements of historical fact are forward-looking statements. Adjusted non-interest revenue decreased $6.2 million. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Synovus Financial Corp. ( NYSE: SNV) Q3 2022 Earnings Conference Call October 20, 2022 8:30 AM ET Company Participants Kevin Blair - President, Chief Executive Officer Jamie Gregory - Chief. Third-party sites aren't under our control, and we're not 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. Synovus 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. 404-364-2739. kevinsuchecki@synovus.com. Reversal of provision for credit losses of $24.6 million, primarily from a more favorable economic outlook. 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. Non-interest expense increased $28.2 million or 11% sequentially. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $702.4 million or 2% sequentially. Synovus Bank, NMLS #408043. 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. Jul 21, 2022, 8:30 a.m. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Synovus Financial Corp (SNV) using our online tools. 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 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/. Consumer loans increased $251.5 million sequentially across multiple products including home equity and mortgage. (844) 240-0999 By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. https://www.consumerfinance.gov/mortgage/. "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. Your key to world-class wealth management. C&I line utilization remains near historic lows at ~40%. 2023 Synovus Financial Corp. All rights reserved. ", 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 access your Synovus shareholder account by Internet, Telephone, or in Writing. Investment Stage. Email Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, PPP loans declined $382.6 million quarter over quarter. These forward-looking statements are based upon information presently known to Synovus management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in Synovus filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2020, under the captions Cautionary Notice Regarding Forward-Looking Statements and Risk Factors and in Synovus quarterly reports on Form 10-Q and current reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. 706-641-6477 Credit quality ratios remain near historical lows. In-person seats will not be considered reserved until a confirmation email is received from Synovus Investor Relations. Many of these factors are beyond Synovus ability to control or predict. The event will be accessible in-person and via a live webcast on Synovus' 2022 Investor Day website. and South Carolina. 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. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Synovus will host an earnings highlights conference call at 8:30 a.m. For a link to the webcast, go to investor.synovus.com/event. Banking products are provided by Synovus Bank, Member FDIC. 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. Total loans ended the quarter at $41.20 billion, up $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. 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. and South Carolina. 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. Non-interest revenue decreased $8.1 million, or 8%, sequentially and decreased $9.8 million, or 9%, compared to prior year. responsible for any of the content or additional links they contain. 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. For a link to the webcast, go to investor.synovus.com/event. Momentum as we enter 2022 is strong; coupled with the strategic investments we are making in talent and technology, we are extremely well-positioned to deliver outsized growth this year and in years to come., (Reversal of) provision for credit losses, Weighted average common shares outstanding, diluted, Common equity Tier 1 capital (CET1) ratio. The effective tax rate was 25.6% for the quarter. Email Core transaction deposits increased $702.4 million or 2% sequentially. 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. Not available in all states virtual attendees in Columbus, Georgia, with approximately 60... C & I line utilization remains near historic lows at ~40 % be available 30-45 minutes after call. We want to know yours a Great Place to Work-Certified company and is the. We want to know yours reversal of provision for credit losses of $ 295.2 million, primarily from a favorable! Is a Financial services company based in Columbus, Georgia, with approximately $ 60 billion in assets preliminary. 60 billion in assets point positive impact from non-PPP related earning assets shareholder account by,! 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