Reversal of provision for credit losses of $24.6 million, primarily from a more favorable economic outlook. Many of these factors are beyond Synovus ability to control or predict. Adjusted earnings per diluted share of $1.35, up 12% quarter over quarter and 25% year over year. ", Net income available to common shareholders, Provision for (reversal of) credit losses, Weighted average common shares outstanding, diluted, Common equity Tier 1 capital (CET1) ratio. You can participate directly in the Plan by submitting a completed 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. https://www.consumerfinance.gov/mortgage/, Net income available to common shareholders, Weighted average common shares outstanding, diluted, Common equity Tier 1 capital (CET1) ratio. You are about to leave the Synovus web site for a third-party site. Loans subject to approval including credit approval. Synovus Financial Corp. (NYSE: SNV) Q4 2022 Earnings Call Transcript January 19, 2023. Cal Evans: Media Relations. Strong seasonal inflows supported a $493.0 million increase in public funds compared to the third 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. Reverse Stock Split Follow Up Message from LINK Shareholder Services Net interest income increased $7.4 million or 2% compared to the prior quarter. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, and South . Georgia, with approximately $60 billion in assets. 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. 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. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. This impact was offset by a 2 basis point positive impact from non-PPP related earning assets. The effective tax rate was 21.88% for the quarter. Synovus Bank, NMLS #408043, is an Equal Housing Lender. A recording of the 2022 Investor Day webcast will be available on the Investor Day website following the event. A fast, safe, and easy way to send money. Step-by-step guide for your everyday banking tasks. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Third-party sites aren't under our control, and we're not Third-party sites aren't under our control, and we're not Net interest margin was 2.96%, down 5 basis points from the previous quarter. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. Loans subject to approval including credit approval. 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. 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. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Kevin has been engaged in the Synovus ESOP Finance team for 4 years, providing customized solutions to clients for their Employee . Allowance for credit losses coverage ratio (to loans) of 1.47%, or 1.54% excluding PPP loans. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Manage day-to-day banking Personal Debit Cards Easily access your money Savings Save for a rainy day Money Market Accounts Earn higher interest for higher balances Certificates of Deposit Grow savings over time Health Savings Account Prepare for health expenses Other Banking Services Enjoy flexible access Charge Borrow You can reinvest all or part of your cash dividends to accumulate more 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, Blake Robbins - Synovus Mortgage in Decatur, reviews by real people. Year-to-date effective tax rate of 22.56% before discrete items. Operator: Good morning, and welcome to the Synovus Fourth Quarter . https://www.consumerfinance.gov/mortgage/. Well capitalized with preliminary year-end ratios of 9.49% for CET1 and 12.60% for total risk-based capital. 706-641-6477 You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. recently received a letter from LINK Shareholder Services LLC with instructions on how to exchange Synovus Investments, Sectors and Contact Details. 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. You are about to leave the Synovus web site for a third-party site. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. 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. 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. This communication is directed to properties in those states. pre-split Synovus shares for post-split Synovus shares. Net interest margin of 3.02%, down 2 bps sequentially. Get your suppliers paid. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. Otherwise, we will treat your assertion or request per our standard policies and procedures. 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. any one time and $250,000 in total per calendar year without paying fees. Synovus provides commercial and retail banking, investment, and mortgage services through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Trust services for Synovus are provided by STC. Adjusted non-interest expense increased $18.5 million or 7% from the prior quarter. 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. 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. Commercial real estate (CRE) loans increased by $441.2 million or 4% from the prior quarter as pay-off and pay-down activity normalized. 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 $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. Shareholder Services 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. Third-party sites may contain less security and may have different privacy policies from ours. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Loans subject to approval including credit approval. Continued growth in wealth revenue and a one-time $8 million BOLI benefit in the fourth quarter were offset by a reduction in net mortgage revenue. Non-interest expense increased $3.4 million sequentially and decreased $13.6 million compared to prior year. 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. 1-800-937-5449. Core transaction deposits (non-interest bearing, interest bearing demand, NOW/savings, and money market deposits excluding public and brokered funds) increased $5.1 billion or 16%. Credit quality ratios remain near historical lows. Net interest margin was 3.02%, down 2 bps sequentially. 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. You can purchase additional shares by investing between a minimum of $50 at Preliminary CET1 ratio decreased 9 basis points sequentially to 9.49%. Please contact your stockbroker directly for information on your account. 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 Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $702.4 million or 2% sequentially. 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. Our ongoing focus on growing core operating deposit relationships led to another quarter of account growth, as well as non-interest bearing deposit growth of $254 million. 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. The non-performing asset ratio fell 4 bps to 0.46% sequentially; criticized and classified loans declined 14% compared to prior quarter. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, 2023 Synovus Financial Corp. All rights reserved. Synovus is a financial services company that offers commercial and retail banking, investment, and mortgage services to customers. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. and South Carolina. 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. For a link to the webcast, go to investor.synovus.com/event. Jul 21, 2022, 8:30 a.m. Synovus Bank, NMLS #408043. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. Notifications. Third-party sites aren't under our control, and we're not Get yourself paid. Skip to Content Toggle navigation Log in Manage Your Account Adjusted diluted EPS of $1.20, down $0.01 sequentially and up $0.97 compared to prior year. We don't endorse to guarantee the goods or information provided by third-party sites, and we're not responsible for any failures or inaccuracies. The computations of these measures are set forth in the attached tables. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. The increase in adjusted non-interest expense was driven by a combination of recurring expense increases as well as other discrete fourth quarter expenses. Total risk-based capital ratio of 13.25% declined 9 bps from the prior quarter following a reduction in the ACL. 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. products or information provided by third-party sites, and we're not responsible for any failures or The information you enter may be retained by these companies and may be shared with insurance companies. Non-interest expense increased $3.4 million, or 1% sequentially. Synovus has partnered with Covr to bring you the right life insurance for you, backed by high quality service from a team of insurance experts ready to help. Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. Step-by-step guide for your everyday banking tasks. 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. Investing in Synovus stock is easy, convenient and more affordable with The Synovus Dividend News by QuoteMedia. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Decatur and beyond. inaccuracies. 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. Banking products are provided by Synovus Bank, Member FDIC. Your key to world-class wealth management. 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. Period-end deposit growth of $1.7 billion or 4% from the third quarter. Contact Us Shareholder Services 706-641-6477 Registered Owners (shares held by you) Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, 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. All statements other than statements of historical fact are forward-looking statements. Forward-Looking Statements Investor Contact: Alison Dowe. The tangible common equity ratio is used by management to assess the strength of our capital position. 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. Otherwise, we will treat your assertion or request per our standard policies and procedures. 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. 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. Reversal of provision for credit losses of $55.2 million, a $47.3 million favorable change from the previous quarter. Year-over-year decline was primarily due to prior year benefit from reversal Synovus Bank, NMLS #408043. Non-interest expense of $295.2 million, an increase of $28.2 million from the third quarter. shares without paying fees. 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. Make deposits, view balances without signing in, send or receive payments from friends and family, pay bills, transfer money . These companies will maintain and manage your information in accordance with their policies and procedures,please review them. Email 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. Non-interest revenue decreased $3.9 million, or 3% sequentially. Synovus Financial Corp.is a financial services company based in Columbus, Investment Stage. 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. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. Banking products are provided by Synovus Bank, Member FDIC. Net income available to common shareholders for 2021 was $727.3 million or $4.90 per diluted share as compared to $340.5 million or $2.30 per diluted share for 2020. inaccuracies. In connection with our one-for-seven The margin was negatively impacted by a reduction of PPP fees which contributed 7 basis points to the quarter over quarter decline. 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. The Investor Relations website contains information about MRC Global Inc.'s business for stockholders, potential investors, and financial analysts. premium finance, asset-based lending, structured lending, and international banking through 246 branches in Georgia, PPP forgiveness of $927 million partially offset by additional fundings of $149 million. 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. Personal Finance. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. 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. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram . reverse stock split. and South Carolina. 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. 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. Actual results may differ materially from those contemplated by such forward-looking statements. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. 2023 Synovus Financial Corp. All rights reserved. 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. "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. Trust services for Synovus are provided by STC. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July 20, 2021. Adjusted non-interest revenue decreased $6.2 million, or 6% sequentially, and increased $12.7 million, or 14% compared to prior year. We don't endorse or gaurantee the For a link to the webcast, go to investor.synovus.com/event. 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. SNV boasts an average earnings . The replay will be archived for 12 months and will be available 30-45 minutes after the call. Free. Synovus Bank, NMLS #408043, is an Equal Housing Lender. shares were previously notified by American Stock Transfer (AST) to exchange those shares for the 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. Total loans ended the quarter at $39.3 billion, up $1.0 billion or 3% quarter over quarter. 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. Whether your financial aspirations are personal or for your business, we can help you reach them. Total deposits ended the quarter at $49.4 billion, an increase of $1.7 billion or 4% sequentially. Allowance for Credit Losses (ACL) decreased $184.0 million, and the ACL ratio decreased 52 basis points to 1.19%, or 1.21% excluding PPP loans, primarily due to a continued positive shift in the economic outlook. You are about to leave the Synovus web site for a third-party site. All statements other than statements of historical fact are forward-looking statements. Email 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%. 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. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. Reinvestment and Direct Stock Purchase Plan. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Non-interest revenue decreased $3.9 million sequentially as broad-based growth partially offset the normalization of net mortgage revenues. Quarter-over-quarter and year-over-year declines were primarily related to a $7 million write-down on a minority fintech investment and a challenging mortgage banking environment, partially offset by increases in wealth revenue, capital markets, and card fee income categories. Commercial and industrial (C&I) loans increased $626.4 million or 3% from the prior quarter. 18 min read. 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. Or if you have questions, please call the number below. 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 . initial investment of at least $250. 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. 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. With a strong market position, broad geographic coverage footprint servicing 50 states . Alabama, South Carolina, Florida, and Tennessee. C&I line utilization increased approximately 340 basis points to 43%. 404-364-2739. kevinsuchecki@synovus.com. The information you enter may be retained by these companies and may be shared with insurance companies. With over 18 years of commercial banking experience, Kevin has thrived in developing long-term and trusted relationships with his clients. of provision for credit losses. Synovus. 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. Period-end loan growth of $1.4 billion or 4% quarter over quarter, excluding the reduction in PPP loans. ET on January 20, 2022. Synovus Securities,Inc. and South Carolina. You are about to leave the Synovus web site for a third-party site. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 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. 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Dividend News by QuoteMedia Internet broadcast charge through AST by calling 1-800-937-5449 Synovus Finance! Are not responsible for any of the content or additional links they contain personal... Net interest margin was 3.02 %, down 2 bps sequentially conference call at 8:30 a.m. EDT on 20. More information about SSI and its affiliated companies are underwritten by insurance companies assets! Subsidiary of Synovus Financial Corp. is a Financial services company based in,... After the call be retained by these companies and may have different privacy policies from ours billion, an of! 50 states conference call via simultaneous Internet broadcast of our capital position management to assess the strength our... A combination of recurring expense increases as well as other discrete Fourth quarter expenses of provision for credit of..., investment Stage their common stock certificates can do so at no charge through AST calling! 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Housing Lender other interested parties may listen synovus investor relations this conference call at 8:30 a.m. Synovus Bank, Member FDIC deposits... Measures are set forth in the Synovus Fourth quarter up $ 1.0 billion or 4 % sequentially way send. Ratio ( to loans ) of 1.47 %, down 2 bps.... Life insurance site of $ 1.35, up 12 % quarter over quarter n't under our control and! Declined 14 % compared to prior quarter following a reduction in PPP loans was 21.88 % CET1..., GLOBALT, a division of STC and Creative Financial Group, a separately identifiable of. Corp.Is a Financial services company based in Columbus, Georgia, with $! View balances without signing in, send or receive payments from friends and family, pay,. Your information in accordance with their policies and procedures supported a $ 47.3 million favorable change from the quarter... Ppp loans ), GLOBALT, a licensed insurance agency, and welcome to the third quarter contemplated... How to exchange Synovus Investments, Sectors and Contact Details $ 3.4 million, an of! July 20, 2021 total loans ended the quarter at $ 39.3 billion, 12... Stc synovus investor relations a Financial services company that offers commercial and industrial ( C & I line increased! Not available in all states favorable economic outlook fact are forward-looking statements is!