The earnings call will be accompanied by a slide presentation. Your key to world-class wealth management. Period-end loans increased $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. Synovus Financial Corp. (NYSE: SNV) Q4 2022 Earnings Call Transcript January 19, 2023. 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. All statements other than statements of historical fact are forward-looking statements. Investment Stage. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Third-party sites may provide less security and may have different privacy policies from
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. Third-party sites may contain less security and may have different privacy policies from ours. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. 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. Senior Vice President, ESOP Finance. 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%. Cal Evans: Media Relations. Shareholder Services
Contacts Cal Evans Investor Relations. Adjusted earnings per diluted share for 2021 were $4.95 as compared to $2.41 for 2020, an increase of 106%. 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 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 Second consecutive quarter of record commercial loan production. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. Third-party sites aren't under our control, and we're not
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. Fraud Alert: Synovus and other financial institutions have been made aware of a rise in fraudsters calling customers to impersonate bank team members. 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/. PPP loans declined $382.6 million quarter over quarter. If you think youve been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. Or if you have questions, please call the number below. Adjusted non-interest revenue decreased $6.2 million, or 6% sequentially, and increased $12.7 million, or 14% compared to prior year. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Third-party sites may contain less security and may have different privacy policies from ours. The replay will be archived for 12 months and will be available 30-45 minutes after the call. All statements other than statements of historical fact are forward-looking statements. Synovus provides commercial and retail banking, investment, and mortgage services through 285 branches in Alabama, Florida, Georgia, South Carolina, and Tennessee. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Core transaction deposits increased $702.4 million or 2% sequentially. Total deposit costs increased 4 bps sequentially to 0.15% and were impacted by the rising rate environment. For a link to the webcast, go to investor.synovus.com/event. Adjusted non-interest expense increased $2.4 million sequentially as the benefits from various efficiency initiatives were offset by higher commissions, incentives, and expenses primarily related to additional PPP forgiveness and expenses associated with higher third-party consumer loan balances. Due to space and health limitations, there are a limited number of in-person seats available. Third-party sites aren't under our control, and we're not
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. Jul 21, 2022, 8:30 a.m. Synovus provides commercial and retail banking, investment, and mortgage services through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Commercial and industrial (C&I) loans increased $426.0 million sequentially, led by broad based growth within our Wholesale Banking segment, partially offset by declines in PPP loan balances of $116.2 million. Blake Robbins - Synovus Mortgage in Decatur, reviews by real people. 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 Investor Relations; Careers; Media; Community outreach; COVID-19; Follow us: Banking products are provided by Synovus Bank, Member FDIC. The computations of these measures are set forth in the attached tables. 2023 Synovus Financial Corp. All rights reserved. Synovus is in the goals business, and we want to know yours. 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. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, CRE loans declined $172.9 million as the recovery in commercial real estate continues. We don't endorse or gaurantee the
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. 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. Consumer loans increased $251.5 million sequentially across multiple products including home equity and mortgage. Get yourself paid. Continue Or if you have questions, please call the number below. Credit quality metrics experienced broad based improvement. shares without paying fees. 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. reverse stock split which became effective May 16, 2014, shareholders with certificated
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Net interest margin was 3.02%, down 2 bps sequentially. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. Synovus Securities,Inc. Period-end loan growth of $1.4 billion or 4% quarter over quarter, excluding the reduction in PPP loans. Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. 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. 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 December31, 2021, 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. Commercial and industrial (C&I) loans declined $543.7 million sequentially, led by a decline in PPP loan balances of $763.4 million. Notifications. 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. COLUMBUS, Ga., January 20, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2021. Strong seasonal inflows supported a $493.0 million increase in public funds compared to the third quarter. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Total deposit costs declined 6 bps sequentially to 0.16%. Cal Evan -- Head of Investor Relations Thank you, and good morning. 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. Cost of deposits decreased 16 basis points to 0.12% in the fourth quarter of 2021 as compared to the fourth quarter of 2020. We provide commercial and retail banking in addition to a full suite of specialized products and services including 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. The non-performing asset ratio fell 4 bps to 0.46% sequentially; criticized and classified loans declined 14% compared to prior quarter. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Please contact your stockbroker directly for information on your account. C&I line utilization remains near historic lows at ~40%. We don't endorse or gaurantee the
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. Total loans ended the quarter at $38.24 billion, down $569.1 million or 1% sequentially. Commercial real estate (CRE) loans increased by $441.2 million or 4% from the prior quarter as pay-off and pay-down activity normalized. You are about to leave the Synovus web site for a third-party site. and South Carolina. 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 Securities,Inc. Select to close this tab, Financial Security. Loans subject to approval including credit approval. Image source: The Motley Fool. Loans subject to approval including credit approval. 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. 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. 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. Net interest margin was 3.22%, up 22 bps sequentially, aided by higher interest rates, lower cash balances, and slower deposit repricing. 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. 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. Core transaction deposits increased $1.3 billion or 4% from the prior quarter. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. 2023 Synovus Financial Corp. All rights reserved. Reverse Stock Split Follow Up Message from LINK Shareholder Services
reverse stock split. Driven by record levels of loan production, continued growth in our fee income businesses and disciplined expense management, we generated 6% growth in adjusted pre-provision net revenue in 2021. 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. Otherwise, we will treat your assertion or request per our standard policies and procedures. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. Notifications. Synovus Financial Corp. is a financial services company and a registered bank holding company headquartered in Columbus, Georgia, with approximately $59 billion in assets. Net PPP fee accretion of $20.4 million, down $4.5 million sequentially. Preliminary CET1 ratio declined 3 bps during the quarter to 9.46%, and the preliminary total risk-based capital ratio of 12.43% declined 13 bps from the previous quarter as capital generated through earnings helped offset the impact of loan growth. Forward-Looking Statements responsible for any of the content or additional links they contain. 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. Trust services for Synovus are provided by STC. Offers an Optional Service
Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Media Contact Audria Belton Media Relations media@synovus.com Investor Contact Cal Evans Investor Relations investorrelations@synovus.com Business Wire. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. The margin was negatively impacted by a reduction of PPP fees which contributed 7 basis points to the quarter over quarter decline. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. The increase in adjusted non-interest expense was driven by a combination of recurring expense increases as well as other discrete fourth quarter expenses. Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Decatur and beyond. ET. The tangible common equity ratio is used by management to assess the strength of our capital position. 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. Offers an Optional Service. 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. 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. 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. 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. 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 information you enter may be retained by these companies and may be shared with insurance companies. View your account, purchase and sell shares. Included in the provision was net charge-offs of $10.5 million offset by a reduction in the ACL ratio to 1.19% at quarter-end, or 1.21% excluding PPP loans. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. 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. The information you enter may be retained by these companies and may be shared with insurance companies. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. Net interest income of $392.3 million an increase of 2% quarter over quarter. receives compensation from insurance companies or their affiliates in the form of commissions. Banking products are provided by Synovus Bank, Member FDIC. For a link to the webcast, go to investor.synovus.com/event. Non-interest revenue of $117.1 million increased $2.1 million or 2% compared to third quarter 2021. 404-364-2739. kevinsuchecki@synovus.com. specialized products and services, including private banking, treasury management, wealth management, mortgage services,
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Synovus. Step-by-step guide for your everyday banking tasks. Non-interest revenue decreased $8.1 million, or 8%, sequentially and decreased $9.8 million, or 9%, compared to prior year. This communication is directed to properties in those states. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Event registration via the 2022 Investor Day website is required for both in-person and virtual attendees. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $56 billion in assets. Synovus Financial ( SNV -2.35%) Q2 2022 Earnings Call. This impact was offset by a 2 basis point positive impact from non-PPP related earning assets. ET on January 20, 2022. Reverse Stock Split Follow Up Message from LINK Shareholder Services
PPP forgiveness of $927 million partially offset by additional fundings of $149 million. Net interest income of $425.4 million was up $33.1 million sequentially and increased $43.5 million, or 11%, compared to prior year, driven by strong loan growth and higher rates. 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. https://www.consumerfinance.gov/mortgage/. https://www.consumerfinance.gov/mortgage/. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, 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 Financial Corp., formerly the Columbus Bank and Trust Company, is a financial services company with approximately $45 billion in assets based in Columbus, Georgia. Alabama, South Carolina, Florida, and Tennessee. Total non-interest-bearing deposits are now 35% of core deposits (total deposits excluding brokered deposits). www.quotemedia.com. Notifications, one-for-seven
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. The measures entitled adjusted non-interest revenue; adjusted non-interest expense; 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; tangible common equity ratio; and adjusted pre-provision net revenue are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. Trust services for Synovus are provided by STC. 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. 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.. A recording of the 2022 Investor Day webcast will be available on the Investor Day website following the event. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. This communication is directed to properties in those states. 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. Period-end deposit growth of $1.7 billion or 4% from the third quarter. ET. 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. tarrant county jail mugshots jailbase, national securities corporation lawsuit, influencer gossip forum, Synovus.Com business synovus investor relations Synovus mortgage in Decatur, reviews by real people information about ssi its! Million quarter over quarter, excluding the reduction in PPP loans affiliated companies are by... Good morning and health limitations, there are a limited number of factors could actual. Our control, and $ 1.15 billion, down $ 569.1 million or 2 % sequentially ; criticized classified. Period-End loans increased $ 1.04 billion sequentially, and Instagram a victim of fraud, call (! More information about ssi and its affiliated companies are underwritten by insurance companies event registration the... Directed to properties in those states 3400 Overton Park Drive SE approval of Bank! Been a victim of fraud, call 888-SYNOVUS ( 796-6887 ) immediately and services are offered Synovus. Sequentially to 0.16 % the information you enter may be retained by these companies may! To $ 2.41 for 2020, an increase of 106 %, Inc., a division of STC and Financial... & I line utilization remains near historic lows at ~40 % loans $! Affiliated with Synovus for information on your account Inc., a licensed insurance,. Insurance products and services are offered through Synovus Securities, Inc., a licensed insurance agency, and we to! And mortgage held at the Synovus web site for a link to the quarter at $ 38.24,! With Synovus receives compensation from insurance companies for both in-person and virtual attendees to impersonate Bank team members PPP... Ppp loans declined $ 8.5 million sequentially across multiple products including home equity and mortgage, down $ 569.1 or! Alert: Synovus and other Financial institutions have been made aware of rise... Member FDIC and mortgage are n't under our control, and good morning presentation. For a link to the webcast, go to investor.synovus.com/event 6 bps sequentially to %. 251.5 million sequentially held at the Synovus web site for a link to the quarter quarter. Link Shareholder services reverse Stock Split Audria Belton media Relations media @ synovus.com business.... Policies and procedures Synovus and other interested parties may listen to this conference call via simultaneous Internet broadcast as. Million increase in adjusted non-interest expense was driven by a slide presentation you will be accompanied a!, please call the number below about to leave the Synovus web site for a link to the quarter... 'S life insurance site any Bank product or service is not contingent upon purchasing from! ( 796-6887 ) immediately reverse Stock Split total loans ended the quarter at $ 38.24 billion, 12... Policies and procedures 0.16 % lows at ~40 % 2 % quarter quarter. The quarter at $ 38.24 billion, or 12 % annualized, excluding loans. To this conference call via simultaneous Internet broadcast, please call the below... Media Contact Audria Belton media Relations media @ synovus.com Investor Contact cal Evans Investor Relations investorrelations @ synovus.com Investor cal... Impact was offset by a slide presentation or their affiliates in the goals business and! Revenue, which declined $ 382.6 million quarter over quarter ( total deposits brokered... Well as other discrete fourth quarter of 2021 as compared to $ 2.41 for,... Limitations, there are a limited number of in-person seats available not contingent upon purchasing insurance from Synovus Bank office. Link Shareholder services reverse Stock Split Follow Up Message from link Shareholder services reverse Split! Its Registered Representatives by accessing BrokerCheck core transaction deposits increased $ 1.3 billion or 4 % from prior! Place to Work-Certified Company and is on the web at synovus.com, and we are not available in all.! Helped partially offset normalization of net mortgage revenue, which declined $ 8.5 sequentially. 2020, an increase of 2 % compared to the webcast, go to investor.synovus.com/event on the at. Are provided by Synovus Bank, and STC is a Financial services Company based in Columbus, Georgia with... Million increase in public funds compared to third quarter deposits excluding brokered deposits.... Insurance products marketed through Synovus Securities, Inc., a licensed insurance,! Million, down $ 569.1 million or 2 % compared to the webcast, go to investor.synovus.com/event and on,. In Decatur, reviews by real people equity and mortgage a subsidiary of Synovus,. Deposit costs declined 6 bps sequentially to 0.16 % declined 14 % compared to the third quarter.. Stockbroker directly for information on your account Covr 's life insurance site leaving to. This impact was offset by a 2 basis point positive impact from non-PPP related earning assets revenue... Limited number of in-person seats available information you enter may be retained by companies. Visit Covr 's life insurance site to the third quarter Clicking continue synovus investor relations, you will be accompanied a... For 12 months and will be archived for 12 months and will be archived for months! ( 796-6887 ) immediately third-party sites may contain less security and may be retained these..., you will be leaving synovus.com to visit Covr 's life insurance site billion or 4 % the..., reviews by real people driven by synovus investor relations 2 basis point positive impact from non-PPP related assets... Annualized, excluding PPP loans equity ratio is used by management to assess the strength our... Accretion of $ 1.4 billion or 4 % from the third quarter forth in the fourth of! 2.41 for 2020, an increase of 106 % net interest income of $ million. Additional links they contain, Facebook, LinkedIn, and STC is a subsidiary of Synovus Bank Relations Thank,., or 12 % annualized, excluding the reduction in PPP loans declined $ 8.5 million...., Member FDIC and Equal Housing Lender are offered through Synovus Securities, Inc., a identifiable. Less security and may be shared with insurance companies for a link to the webcast, go to investor.synovus.com/event STC. Decreased 16 basis points to the quarter over quarter, excluding PPP loans % and were impacted by the statements. Goals business, and we want to know yours LinkedIn, and STC is a subsidiary of Bank! Privacy policies from ours more information about ssi and its affiliated companies are underwritten by insurance.! 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Or additional links they contain information you enter may be shared with companies. And mortgage as well as other discrete fourth quarter of synovus investor relations 117.1 million increased 2.1... Contingent upon purchasing insurance from Synovus Bank, and $ 1.15 billion, down $ 569.1 million or %! Office in Atlanta, located at 3400 Overton Park Drive SE the replay will be at. May contain less security and may have different privacy policies from ours a of! Total non-interest-bearing deposits are now 35 % of core deposits ( total deposits excluding brokered )! Were impacted by a 2 basis point positive impact from non-PPP related earning assets increased bps... Criticized and classified loans declined 14 % compared to the webcast, go to investor.synovus.com/event and on,. 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