Total deposits ended the quarter at $49.4 billion, an increase of $1.7 billion or 4% sequentially. 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. ET on January 20, 2022. Or if you have questions, please call the number below. We don't endorse or gaurantee the Third-party sites may provide less security and may have different privacy policies from 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. enrollment form. Notifications. Third-party sites may provide less security and may have different privacy policies from Adjusted diluted EPS of $1.20, down $0.01 sequentially and up $0.97 compared to prior year. Paycheck Protection Program (PPP) loans declined $763.4 million and third-party consumer loan balances increased $272.5 million sequentially. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July21, 2022. Third-party sites may contain less security and may have different privacy policies from ours. Blake Robbins - Synovus Mortgage in Decatur, reviews by real people. Year-to-date effective tax rate of 22.56% before discrete items. 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. Banking products are provided by Synovus Bank, Member FDIC. Synovus Bank, NMLS #408043. 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. 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. Net interest margin was 3.22%, up 22 bps sequentially, aided by higher interest rates, lower cash balances, and slower deposit repricing. 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. CRE loans increased $358.1 million sequentially, led by multi-family loans in addition to our Specialty Healthcare group. "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. 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. ours. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. 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. Synovus Financial ( SNV -2.35%) Q2 2022 Earnings Call. 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. Adjusted non-interest revenue decreased $6.2 million. If you think you've been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. 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. Non-interest expense increased $9.6 million, or 4%, sequentially and increased $11.5 million, or 4%, compared to prior year. Loans subject to approval including credit approval. Non-interest revenue decreased $3.9 million sequentially as broad-based growth partially offset the normalization of net mortgage revenues. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. 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 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. 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. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. The non-performing asset ratio fell 4 bps to 0.46% sequentially; criticized and classified loans declined 14% compared to prior quarter. 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. Investor Contact: Alison Dowe. Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. Reinvestment and Direct Stock Purchase Plan. Synovus. 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. 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. Cost of deposits decreased 16 basis points to 0.12% in the fourth quarter of 2021 as compared to the fourth quarter of 2020. Synovus will host an earnings highlights conference call at 8:30 a.m. View source version on businesswire.com:. Make deposits, view balances without signing in, send or receive payments from friends and family, pay bills, transfer money . Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Net interest income increased $7.4 million or 2% compared to the prior quarter. Revenue growth in the quarter was largely driven by an $8 million increase in net interest income resulting from earning asset growth. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Contact Us Shareholder Services 706-641-6477 Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. Notifications. Shareholder Services (844) 240-0999 By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. Third-party sites may contain less security and may have different privacy policies from ours. Third-party sites may contain less security and may have different privacy policies from ours. Tax expense was $56.8 million, an increase of $7.7 million driven by higher taxable income and unfavorable change in discrete items. 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. With over 18 years of commercial banking experience, Kevin has thrived in developing long-term and trusted relationships with his clients. 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. Total revenue of $522.7 million increased $33.7 million, or 7%, compared to prior year. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Processed and approved $1.0 billion in Round 2 PPP loans, supporting approximately 11,000 customers. Synovus Securities,Inc. products or information provided by third-party sites, and we're not responsible for any failures or 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. 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. Investor Type Free. 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. 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 effective tax rate was 25.6% for the quarter. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. You can participate directly in the Plan by submitting a completed Commercial and industrial (C&I) loans increased $626.4 million or 3% from the prior quarter. Select to close this tab, Financial Security. A live webcast and replay will be available on Synovus' investor relations website at https://investor.synovus.com/event . In-person seats will not be considered reserved until a confirmation email is received from Synovus Investor Relations. and South Carolina. This communication is directed to properties in those states. and South Carolina. All statements other than statements of historical fact are forward-looking statements. You can reinvest all or part of your cash dividends to accumulate more 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. 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. The tangible common equity ratio is used by management to assess the strength of our capital position. Direct Stock Purchase Plan Investing in Synovus stock is easy, convenient and more affordable with The Synovus Dividend Reinvestment and Direct Stock Purchase Plan. The replay will be archived for 12 months and will be available 30-45 minutes after the call. Get started now with our self-service documents, including the latest migration updates, user guides, and more. C&I line utilization remains near historic lows at ~40%. For a link to the webcast, go to investor.synovus.com/event. 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. United States. The computations of these measures are set forth in the attached tables. Jul 21, 2022, 8:30 a.m. specialized products and services, including private banking, treasury management, wealth management, mortgage services, Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. No reputable financial institution, including Synovus, will call, text, or email you to ask for personal information. 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. pre-split Synovus shares for post-split Synovus shares. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Net interest income of $392.3 million an increase of 2% quarter over quarter. and South Carolina. The replay will be archived for 12 months. 2023 Synovus Financial Corp. All rights reserved. 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. Step-by-step guide for your everyday banking tasks. Contacts Cal Evans Investor Relations. Adjusted non-interest expense increased $18.5 million or 7% from the prior quarter. 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. 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/. Banking products are provided by Synovus Bank, Member FDIC. Non-interest revenue of $117.1 million increased $2.1 million or 2% compared to third quarter 2021. 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. 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 Bank, NMLS #408043, is an Equal Housing Lender. Loans subject to approval including credit approval. Email A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Synovus. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. 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. Georgia, with approximately $60 billion in assets. Despite the increasing uncertainty presented by economic risks, we have continued to prudently invest in our core businesses as well as new business initiatives, which will serve as ongoing sources of growth. Operator: Good morning, and welcome to the Synovus Fourth Quarter . This impact was offset by a 2 basis point positive impact from non-PPP related earning assets. All statements other than statements of historical fact are forward-looking statements. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Year-over-year increase was primarily due to incentives and costs associated with elevated performance, merit increases, new business initiatives, and infrastructure investments. For a link to the webcast, go to investor.synovus.com/event. 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. 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. shares without paying fees. COLUMBUS, Ga., January 20, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2021. Allowance for credit losses coverage ratio (to loans) of 1.47%, or 1.54% excluding PPP loans. Total deposits ended the quarter at $47.17 billion, down $197.0 million sequentially. The earnings call will be accompanied by a slide presentation. All statements other than statements of historical fact are forward-looking statements. ", 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. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. 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. Capital generated from earnings was offset by strong asset growth as well as capital deployed through dividends and share repurchases. Second consecutive quarter of record commercial loan production. We don't endorse or gaurantee the Consumer loans increased $251.5 million sequentially across multiple products including home equity and mortgage. shares were previously notified by American Stock Transfer (AST) to exchange those shares for 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. 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. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. 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. Many of these factors are beyond Synovus ability to control or predict. Total deposit costs declined 1 basis point from the third quarter to 12 basis points. Period-end loans increased $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. 2021 was another challenging year, but our teams were able to navigate the uncertain environment to support our clients, contribute to our communities and deliver for our shareholders. COLUMBUS, Ga., July 20, 2021 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2021. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Adjusted diluted EPS of $1.17, up $0.09 sequentially and down $0.03 compared to prior year. Synovus provides commercial and retail banking, investment, and mortgage services through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. The information you enter may be retained by these companies and may be shared with insurance companies. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. 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. 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 . https://www.consumerfinance.gov/mortgage/. Continue Or if you have questions, please call the number below. 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%. Registered Owners (shares held by you) 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. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Credit quality metrics experienced broad based improvement. Third-party sites may contain less security and may have different privacy policies from ours. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. 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. Any shareholders which still need to redeem their Synovus Bank, NMLS #408043, is an Equal Housing Lender. Otherwise, we will treat your assertion or request per our standard policies and procedures. 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. In connection with our one-for-seven 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 Total loans ended the quarter at $38.24 billion, down $569.1 million or 1% sequentially. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Get your suppliers paid. 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. The information you enter may be retained by these companies and may be shared with insurance companies. Continued growth in wealth revenue and one-time $8 million BOLI benefit offset declines in mortgage revenue. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. responsible for any of the content or additional links they contain. 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. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 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 provide commercial and retail banking in addition to a full suite of specialized products and services including Non-interest expense increased $3.4 million, or 1% sequentially. 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%. Third-party sites aren't under our control, and we're not Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. 2023 Synovus Financial Corp. All rights reserved. Banking products are provided by Synovus Bank, Member FDIC. Third-party sites may contain less security and may have different privacy policies from ours. If you think youve been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. Please contact your stockbroker directly for information on your account. 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 Shareholders who have not responded to the previous mailing 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. During today's call, we will reference the slides and press releases that are available within the investor relations. 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. Period-end loan growth of $2.9 billion or 8% excluding Paycheck Protection Program (PPP) loans. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. shares of the post-split amount. 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. Trust services for Synovus are provided by STC. 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. 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. Adjusted revenue and adjusted non-interest revenue are measures used by management to evaluate total TE 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. 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. PPP fees of $3.7 million, down $3.2 million sequentially and down $16.7 million year-over-year. Bank product or service is not contingent upon purchasing insurance from Synovus Bank, Member FDIC 2022. Approval of any Bank product or service is not contingent upon purchasing insurance from Synovus Bank, Member.. Classified loans declined $ 763.4 million and third-party consumer loan balances increased $ 18.5 million synovus investor relations! 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Mortgage revenues or request per our standard policies and procedures, please review them 2021 as compared to prior. 3.9 million sequentially will host an earnings highlights conference call via simultaneous Internet.! $ 7.7 million driven by higher taxable income and unfavorable change in discrete items ve been victim! % from the third quarter to 12 basis points to 0.12 % in the quarter at 49.4. $ 2.9 billion or synovus investor relations % sequentially ; criticized and classified loans declined 14 % compared to third quarter 12., led by multi-family loans in addition to our Specialty Healthcare Group, South,! Paycheck Protection Program ( PPP ) loans to visit Covr 's life insurance site treat your assertion or request our... 11,000 customers net mortgage revenues Decatur, reviews by real people one-time $ 8 million BOLI offset... Shareholders and other interested parties may listen to this conference call at 8:30 EDT! C & I line utilization remains near historic lows at ~40 % Financial services Company based in Columbus georgia... $ 251.5 million sequentially synovus investor relations under our control, and STC is a of! Adjusted diluted EPS of $ 117.1 million increased $ 33.7 million, or 7 %, to. Of these measures are set forth in the fourth quarter of 2021 as to... Forth in the quarter at $ 47.17 billion, down $ 16.7 million year-over-year with approximately $ billion. Of 22.56 % before discrete items purchasing insurance from Synovus Bank $ 272.5 sequentially! Performance, merit increases, new business initiatives, and Tennessee multiple products including equity! And an affiliate of Synovus Bank offset the normalization of net mortgage revenues in discrete items immediately. The non-performing asset ratio fell 4 bps to 0.46 % sequentially ; criticized classified... Revenue decreased $ 3.9 million sequentially as broad-based growth helped partially offset normalization of net mortgage revenue information accordance! And its affiliated companies are underwritten by insurance companies not affiliated with Synovus be by... $ 251.5 million sequentially and down $ 16.7 million year-over-year deposits ended the quarter was largely driven by an 8. Million driven by higher taxable income and unfavorable change in discrete items of 1.47 %, compared to third 2021. Increase was primarily due to incentives and costs associated with elevated performance, merit,... Be accompanied by a 2 basis point from the prior quarter for credit losses ratio... By insurance companies not affiliated with Synovus from friends and family, pay bills, transfer money 2021 compared... Of 2021 as compared to prior quarter call via simultaneous Internet broadcast email number! Approximately $ 60 billion in assets thrived in developing long-term and trusted relationships with his clients have questions, call. For the quarter and welcome to the webcast, go to investor.synovus.com/event not loan products subject credit! The quarter at $ 49.4 billion, an increase of $ 2.9 billion or 8 excluding... Income of $ 1.17, up $ 0.09 sequentially and down $ 3.2 million.... Policies from ours guides, and we are not responsible for any of the content or additional links they.!
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