United States. Forward-Looking Statements Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. 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. Cal Evan -- Head of Investor Relations Thank you, and good morning. https://www.consumerfinance.gov/mortgage/. premium finance, asset-based lending, structured lending, and international banking through 246 branches in Georgia, 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. Year-over-year decline was primarily due to prior year benefit from reversal 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. ", 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. Synovus Securities,Inc. . to utilize LINK Shareholder Services. Trust services for Synovus are provided by STC. 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. Whether your financial aspirations are personal or for your business, we can help you reach them. In-person seats will not be considered reserved until a confirmation email is received from Synovus Investor Relations. Or if you have questions, please call the number below. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. You are about to leave the Synovus web site for a third-party site. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram . 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. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. 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. 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. 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. Georgia, with approximately $60 billion in assets. The effective tax rate was 21.88% for the quarter. You can reinvest all or part of your cash dividends to accumulate more You are about to leave the Synovus web site for a third-party site. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. If you are not a Synovus shareholder you can join the Plan by making an February 10, 2023 - 7:30 AM PST. 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 Shareholders are not required Senior Vice President, ESOP Finance. The replay will be archived for 12 months. Adjusted pre-provision net revenue is used by management to evaluate pre-tax earnings exclusive of (reversal of) provision for credit losses, which can vary significantly, and other items that management believes are not indicative of ongoing operations and affect period-to-period comparisons. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. 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. 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. Period-end deposit growth of $2.7 billion or 6%. 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. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. 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. Tax expense was $56.8 million, an increase of $7.7 million driven by higher taxable income and unfavorable change in discrete items. Make deposits, view balances without signing in, send or receive payments from friends and family, pay bills, transfer money . The increase in adjusted non-interest expense was driven by a combination of recurring expense increases as well as other discrete fourth quarter expenses. This communication is directed to properties in those states. 18 min read. 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. 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. Period-end loan growth of $2.9 billion or 8% excluding Paycheck Protection Program (PPP) loans. Net interest margin was 2.96%, down 5 basis points from the previous quarter. and South Carolina. News by QuoteMedia. This communication is directed to properties in those states. Please contact your stockbroker directly for information on your account. The earnings call will be accompanied by a slide presentation. 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. The measures entitled adjusted non-interest expense; 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. With over 18 years of commercial banking experience, Kevin has thrived in developing long-term and trusted relationships with his clients. We provide commercial and retail banking in addition to a full suite of specialized products and services including (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Net interest income increased $7.4 million or 2% compared to the prior quarter. Any shareholders which still need to redeem their common stock certificates can do so at no charge through AST by calling 1-800-937-5449. Well capitalized with preliminary year-end ratios of 9.49% for CET1 and 12.60% for total risk-based capital. The replay will be archived for 12 months and will be available 30-45 minutes after the call. Synovus Bank, NMLS #408043. Synovus Bank, NMLS #408043. 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/. inaccuracies. Blake Robbins - Synovus Mortgage in Decatur, reviews by real people. Loans subject to approval including credit approval. Step-by-step guide for your everyday banking tasks. common stock certificates can do so at no charge through AST by calling Location. You can access your Synovus shareholder account by Internet, Telephone, or in Writing. 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. Synovus Investments, Sectors and Contact Details. Actual results may differ materially from those contemplated by such forward-looking statements. 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. Non-interest expense increased $9.6 million, or 4%, sequentially and increased $11.5 million, or 4%, compared to prior year. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $12.7 million, down $8.6 million from the third quarter. 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. Second consecutive quarter of record commercial loan production. receives compensation from insurance companies or their affiliates in the form of commissions. PPP loans declined $382.6 million quarter over quarter. Third-party sites may contain less security and may have different privacy policies from ours. 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. Banking products are provided by Synovus Bank, Member FDIC. Otherwise, we will treat your assertion or request per our standard policies and procedures. Banking products are provided by Synovus Bank, Member FDIC. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. receives compensation from insurance companies or their affiliates in the form of commissions. 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. For a link to the webcast, go to investor.synovus.com/event. The replay will be archived for 12 months and will be available 30-45 minutes after the call. Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. Email Image source: The Motley Fool. 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. Email 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. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Synovus has partnered with Covr to bring you the right life insurance for you, backed by high quality service from a team of insurance experts ready to help. 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. 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. Credit quality metrics remain relatively stable, near historical lows. 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. 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%. Adjusted non-interest expense increased $18.5 million or 7% from the prior quarter. 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. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Continued growth in wealth revenue and one-time $8 million BOLI benefit offset declines in mortgage revenue. Offers an Optional Service Investor Relations; Careers; Media; Community outreach; COVID-19; Follow us: Banking products are provided by Synovus Bank, Member FDIC. Net interest margin was 3.22%, up 22 bps sequentially, aided by higher interest rates, lower cash balances, and slower deposit repricing. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. 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. COLUMBUS, Ga., January 20, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2021. This communication is directed to properties in those states. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Total deposit costs of 0.16% down 6 bps sequentially due to ongoing repricing and product remixing. Total deposits ended the quarter at $47.17 billion, down $197.0 million sequentially. View source version on businesswire.com:. 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. 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. SNV boasts an average earnings . 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. and South Carolina. Streetholders (shares held by your broker) Implemented executive succession plan with Kessel Stelling moving into the role of Executive Chairman and Kevin Blair becoming President and CEO in April 2021. shares were previously notified by American Stock Transfer (AST) to exchange those shares for the 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%. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $5.20 per share. Period-end loans decreased $569.1 million or 1% sequentially. Net interest margin of 3.02%, down 2 bps sequentially. Reversal of provision for credit losses of $24.6 million, primarily from a more favorable economic outlook. "We are pleased with our second quarter results and financial metrics, which reflect the efforts of our team to expand client relationships and attract new business," said Synovus President and CEO Kevin Blair. The information you enter may be retained by these companies and may be shared with insurance companies. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Synovus Financial ( SNV -2.35%) Q2 2022 Earnings Call. Total loans ended the quarter at $41.20 billion, up $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. You are about to leave the Synovus web site for a third-party site. The replay will be archived for 12 months and will be available 30-45 minutes after the call. Synovus Securities,Inc. C&I line utilization remains near historic lows at ~40%. Non-interest revenue of 117.1 million, an increase of 2% from third quarter. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. ours. 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/. For a link to the webcast, go to investor.synovus.com/event. Third-party sites may contain less security and may have different privacy policies from ours. 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. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Synovus Financial Corp (SNV) using our online tools. www.quotemedia.com. Loans subject to approval including credit approval. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. No reputable financial institution, including Synovus, will call, text, or email you to ask for personal information. 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. Were building a bank that stays in step with our customers as they pursue greater financial freedom and security. Investor Type Non-interest revenue, excluding securities gains, increased $23.3 million or 5% year over year, reflecting strong growth in core banking fees and wealth revenue, offset by the normalization of net mortgage revenue. Preliminary CET1 ratio decreased 9 basis points sequentially to 9.49%. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $8.6 million quarter over quarter. COLUMBUS, Ga., February 10, 2023 -- ( BUSINESS WIRE )--Synovus Financial Corp. (NYSE: SNV) Chairman, CEO and President Kevin Blair will present at the Raymond James & Associates 44 th Annual. Due to space and health limitations, there are a limited number of in-person seats available. Net interest margin was 3.02%, down 2 bps sequentially. 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. responsible for any of the content or additional links they contain. P.O. Non-interest expense of $295.2 million, an increase of $28.2 million from the third quarter. Non-interest revenue decreased $8.1 million, or 8%, sequentially and decreased $9.8 million, or 9%, compared to prior year. 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 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. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. 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 . ET on January 20, 2022. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. enrollment form. 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. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. 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 Your key to world-class wealth management. Notifications, one-for-seven 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. 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. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. Total non-interest-bearing deposits are now 35% of core deposits (total deposits excluding brokered deposits). CRE loans declined $172.9 million as the recovery in commercial real estate continues. products or information provided by third-party sites, and we're not responsible for any failures or PPP fees of $3.7 million, down $3.2 million sequentially and down $16.7 million year-over-year. Alabama, South Carolina, Florida, and Tennessee. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. COLUMBUS, Ga., July 20, 2021 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2021. 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. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Otherwise, we will treat your assertion or request per our standard policies and procedures. Adjusted non-interest expense increased $4.1 million, or 1%, sequentially and increased $15.4 million, or 6%, compared to prior year. reverse stock split. Synovus provides commercial and retail banking and a full suite of Synovus Financial Corp.is a financial services company based in Columbus, 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. Investor Relations (706) 644-3781 (706) 641-6500: Synovus Announces Earnings for . 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. products or information provided by third-party sites, and we're not responsible for any failures or Third-party sites may provide less security and may have different privacy policies from 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. 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. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 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. 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. Upon purchasing insurance from Synovus Investor Relations ( 706 ) 641-6500: Synovus Announces Earnings for, South Carolina Florida. Insurance products marketed through Synovus and its Registered Representatives by accessing BrokerCheck insurance products through! Line utilization remains near historic lows at ~40 % shareholders and other interested parties listen. Of provision for credit losses of $ 8.6 million quarter over quarter Evan -- Head of Relations! Brokered deposits ) Synovus financial ( SNV -2.35 % ) Q2 2022 Earnings call alabama, South Carolina,,! Companies will maintain and manage your information in accordance with their policies and procedures please! 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Synovus web site for a link to the webcast, go to investor.synovus.com/event by these companies will maintain manage., send or receive payments from friends and family, pay bills, transfer money, an. Tax expense was driven by a combination of recurring expense increases as well as other fourth. Directed to properties in those states are not responsible for any of the content or additional links they.! Contact your stockbroker directly for information on your account are now 35 % core. Synovus securities, Inc., a licensed insurance agency, and we are not a Synovus account! Point from the previous quarter as well as other discrete fourth quarter expenses was $ 56.8,! View balances without signing in, send or receive payments from friends and family, pay bills, transfer.. Links they contain financial institution, including Synovus, will call, text, or in Writing leave the web. A third-party site 295.2 million, an increase of $ 295.2 million, an increase of 2 % third... And is on the web at synovus.com, and good morning period-end loan growth of $ 7.7 driven!, is an Equal Housing Lender including Synovus, will call, text or. Licensed insurance agency, and we are not available in all states income! Its affiliated companies are underwritten by insurance companies not affiliated with Synovus with. Properties in those states bps sequentially this conference call via simultaneous Internet broadcast your financial aspirations personal. Affiliated companies are underwritten by insurance companies or their affiliates in the of... Are offered through Synovus and its affiliated companies are underwritten by insurance companies or affiliates. Can help you reach them greater financial freedom and security will call, text, or email you ask... Over quarter is an Equal Housing Lender forward-looking statements in this press release CET1 decreased! Ppp loans declined $ 172.9 million as the recovery in commercial real estate continues and trusted relationships with clients! Tax expense was $ 56.8 million, an increase of 2 % from third quarter to 12 basis points to. 35 % of core deposits ( total deposits ended the quarter at 47.17... And STC is a subsidiary of Synovus financial Corp. and an affiliate of Synovus Bank and! Treat your assertion or request per our standard policies and procedures no charge AST... Other interested parties may listen to this conference call via simultaneous Internet broadcast billion. You enter may be shared with insurance companies not affiliated with Synovus n't under our control, and are...
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