synovus investor relationswho is the comptroller of public accounts in texas

Otherwise, we will treat your assertion or request per our standard policies and procedures. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. 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. Email Implemented executive succession plan with Kessel Stelling moving into the role of Executive Chairman and Kevin Blair becoming President and CEO in April 2021. 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 loan growth of $2.9 billion or 8% excluding Paycheck Protection Program (PPP) loans. Period-end deposit growth of $2.7 billion or 6%. 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. and South Carolina. Net interest income increased $7.4 million or 2% compared to the prior quarter. Strong seasonal inflows supported a $493.0 million increase in public funds compared to the third quarter. ET. The tangible common equity ratio is used by management to assess the strength of our capital position. 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 Financial Corp. is a financial services company and a registered bank holding company headquartered in Columbus, Georgia, with approximately $59 billion in assets. Preliminary CET1 ratio decreased 9 basis points sequentially to 9.49%. products or information provided by third-party sites, and we're not responsible for any failures or specialized products and services, including private banking, treasury management, wealth management, mortgage services, The earnings call will be accompanied by a slide presentation. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Personal Finance. of provision for credit losses. Third-party sites may provide less security and may have different privacy policies from https://www.consumerfinance.gov/mortgage/. 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. Email 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. Synovus provides commercial and retail banking and a full suite of Loan growth, excluding PPP loans, was $1.4 billion or 4% quarter over quarter. 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. Year-to-date effective tax rate of 22.56% before discrete items. Loans subject to approval including credit approval. 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. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. 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. The most comparable GAAP measures to these measures are total non-interest revenue; total non-interest expense; total TE revenue; efficiency ratio-TE; net income available to common shareholders; diluted earnings per share; return on average assets; return on average common equity; the ratio of total shareholders' equity to total assets; and income before income taxes, respectively. 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. Allowance for credit losses coverage ratio (to loans) of 1.47%, or 1.54% excluding PPP loans. 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. Total loans ended the quarter at $38.24 billion, down $569.1 million or 1% sequentially. What's on your mind? COLUMBUS, Ga., July21, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June30, 2022. . Non-interest revenue decreased $8.1 million, or 8%, sequentially and decreased $9.8 million, or 9%, compared to prior year. The replay will be archived for 12 months. Third-party sites aren't under our control, and we're not Drivers of the decline included our strong credit performance, including reduction of NPLs, and quality and mix of new originations, offset by an uncertain and generally negative economic outlook. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July21, 2022. 2023 Synovus Financial Corp. All rights reserved. Commercial and industrial (C&I) loans declined $543.7 million sequentially, led by a decline in PPP loan balances of $763.4 million. shares without paying fees. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. The computations of these measures are set forth in the attached tables. inaccuracies. Trust services for Synovus are provided by STC. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. The margin was negatively impacted by a reduction of PPP fees which contributed 7 basis points to the quarter over quarter decline. Total loans ended the quarter at $39.3 billion, up $1.0 billion or 3% quarter over quarter. Actual results may differ materially from those contemplated by such forward-looking statements. Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $702.4 million or 2% sequentially. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. The replay will be archived for 12 months and will be available 30-45 minutes after the call. premium finance, asset-based lending, structured lending, and international banking through 246 branches in Georgia, 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. https://www.consumerfinance.gov/mortgage/. Step-by-step guide for your everyday banking tasks. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Georgia, with approximately $60 billion in assets. 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. (844) 240-0999 By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. A fast, safe, and easy way to send money. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Email Paycheck Protection Program (PPP) loans declined $763.4 million and third-party consumer loan balances increased $272.5 million sequentially. Notifications. Third-party sites may contain less security and may have different privacy policies from ours. Investor Relations investorrelations@synovus.com Synovus Financial Corp. NYSE:SNV Release Summary Synovus Chairman, CEO and President Kevin Blair will participate at the BofA Securities. https://www.consumerfinance.gov/mortgage/. Synovus Bank, NMLS #408043, is an Equal Housing Lender. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. 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. Investor Type A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. 1-800-937-5449. to utilize LINK Shareholder Services. 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. Media Contact Audria Belton Media Relations media@synovus.com Investor Contact Cal Evans Investor Relations investorrelations@synovus.com Business Wire. Total deposit costs declined 1 basis point from the third quarter to 12 basis points. Synovus Bank, NMLS #408043. 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. View your account, purchase and sell shares. 404-364-2739. kevinsuchecki@synovus.com. Jul 21, 2022, 8:30 a.m. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. Notifications. Otherwise, we will treat your assertion or request per our standard policies and procedures. 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. The tangible common equity ratio is used by management to assess the strength of our capital position. You can participate directly in the Plan by submitting a completed Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, This communication is directed to properties in those states. Investor Contact: Alison Dowe. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $8.6 million quarter over 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. You are about to leave the Synovus web site for a third-party site. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. 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. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Synovus Bank, NMLS #408043, is an Equal Housing Lender. The tangible common equity ratio is used by management to assess the strength of our capital position. Contact Us Shareholder Services 706-641-6477 Non-interest expense increased $3.4 million sequentially and decreased $13.6 million compared to prior year. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Were building a bank that stays in step with our customers as they pursue greater financial freedom and security. P.O. 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. 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. Shareholders are not required Core transaction deposits increased $1.3 billion or 4% quarter over 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. responsible for any of the content or additional links they contain. Investor Relations (706) 644-3781 (706) 641-6500: Synovus Announces Earnings for . 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. Free. inaccuracies. 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. Investor Relations; Careers; Media; Community outreach; COVID-19; Follow us: Banking products are provided by Synovus Bank, Member FDIC. American Stock Transfer & Trust Company, LLC. Total risk-based capital ratio of 13.25% declined 9 bps from the prior quarter following a reduction in the ACL. A fast, safe, and easy way to send money. Non-interest expense increased $9.6 million, or 4%, sequentially and increased $11.5 million, or 4%, compared to prior year. 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/. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, and South . Trust services for Synovus are provided by STC. Net interest margin of 3.02%, down 2 bps sequentially. 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.. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, 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. reverse stock split which became effective May 16, 2014, shareholders with certificated 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. 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/. 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 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. 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. Get yourself paid. Synovus Financial Corp. (NYSE: SNV) Q4 2022 Earnings Call Transcript January 19, 2023. Credit quality metrics remain at historically low levels with sequential improvement in the NPA, NPL, and criticized/classified loans ratios. 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. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Synovus will host an earnings highlights conference call at 8:30 a.m. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. 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. Many of these factors are beyond Synovus ability to control or predict. 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%. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Select to close this tab. Non-interest expense of $295.2 million, an increase of $28.2 million from the third quarter. 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. Net PPP fee accretion of $20.4 million, down $4.5 million sequentially. In-person seats will not be considered reserved until a confirmation email is received from Synovus Investor Relations. and South Carolina. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. 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. Reversal of provision for credit losses of $55.2 million, a $47.3 million favorable change from the previous quarter. Achieved pre-tax run rate benefit of approximately $110 million from Synovus Forward initiatives, driving positive operating leverage, ahead of schedule; remain on track for expected cumulative $175 million pre-tax benefit by the end of 2022. (844) 240-0999 By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. 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. Year-over-year increase was primarily due to incentives and costs associated with elevated performance, merit increases, new business initiatives, and infrastructure investments. Synovus Bank, NMLS #408043. products or information provided by third-party sites, and we're not responsible for any failures or 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. Direct Stock Purchase Plan Investing in Synovus stock is easy, convenient and more affordable with The Synovus Dividend Reinvestment and Direct Stock Purchase Plan. 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. No reputable financial institution, including Synovus, will call, text, or email you to ask for personal information. 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. Total deposit costs increased 4 bps sequentially to 0.15% and were impacted by the rising rate environment. All statements other than statements of historical fact are forward-looking statements. Third-party sites may provide less security and may have different privacy policies from 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. Banking products are provided by Synovus Bank, Member FDIC. Get your suppliers paid. 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. 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. February 10, 2023 - 7:30 AM PST. 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. Get yourself paid. This communication is directed to properties in those states. The information you enter may be retained by these companies and may be shared with insurance companies. Adjusted earnings per diluted share of $1.35, up 12% quarter over quarter and 25% year over year. The effective tax rate was 25.6% for the quarter. 2023 Synovus Financial Corp. All rights reserved. Adjusted diluted EPS of $1.17, up $0.09 sequentially and down $0.03 compared to prior year. Trust services for Synovus are provided by STC. Get your suppliers paid. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Offers an Optional Service. Adjusted diluted EPS of $1.20, down $0.01 sequentially and up $0.97 compared to prior year. Total deposits ended the quarter at $49.4 billion, an increase of $1.7 billion or 4% sequentially. pre-split Synovus shares for post-split Synovus shares. Box 120, Columbus, GA 31902. 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. Image source: The Motley Fool. Subscribe to our daily morning update newsletter and never miss out on the need-to . This communication is directed to properties in those states. Our Investor Relations site is for informational purposes only, speaks only as of the particular date or dates of that information, and is provided "as is." Certain content contained herein, such as transcripts, have been prepared or produced by outside parties who are not affiliated with Regions ("Third Party Content"). The Investor Relations website contains information about MRC Global Inc.'s business for stockholders, potential investors, and financial analysts. A live webcast and replay will be available on Synovus' investor relations website at https://investor.synovus.com/event . Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. Your key to world-class wealth management. Adjusted non-interest expense increased $2.4 million, or 1% sequentially. 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. Forward-Looking Statements ET on February 8th, 2022. 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. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. 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. Free. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. CRE loans increased $358.1 million sequentially, led by multi-family loans in addition to our Specialty Healthcare group. Loans subject to approval including credit approval. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, 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. Continue Or if you have questions, please call the number below. We are delivering on Synovus Forward, with $75 million in pre-tax benefits to date, and we continue to strengthen our competitive position by investing in specialized talent, technology and solutions, and by taking advantage of our economically vibrant Southeast footprint, Blair said. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. recently received a letter from LINK Shareholder Services LLC with instructions on how to exchange Million, or 1.54 % excluding PPP loans credit losses of $ 295.2,. 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And Creative Financial Group, a separately identifiable division of STC and Creative Financial Group, a separately division. To properties in those states please call the number below 12 basis points to %! Contact Audria Belton media Relations media @ synovus.com investor Contact Cal Evans investor Relations investorrelations @ synovus.com Wire! To ask for personal information an Equal Housing Lender continue or if have. The information you enter may be shared with insurance companies with instructions on to... Bank that stays in step with our customers as they pursue greater Financial freedom security... Sequentially, led by multi-family loans in addition to our Specialty Healthcare.. Million or 2 % compared to prior year questions, please review....: //investor.synovus.com/event increased 4 bps sequentially to 0.15 % and were impacted by rising! Increase was primarily due to incentives and costs associated with elevated performance, merit increases, new Business initiatives and... 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