View source version on businesswire.com: https://www.businesswire.com/news/home/20230210005070/en/ CONTACT: Media Contact Audria Belton Media Relations media@synovus.comInvestor Contact Cal Evans Investor Relations 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. Or if you have questions, please call the number below. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Year-to-date effective tax rate of 22.56% before discrete items. Net interest margin of 3.02%, down 2 bps sequentially. Whether your financial aspirations are personal or for your business, we can help you reach them. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July21, 2022. https://www.consumerfinance.gov/mortgage/. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $55 billion in assets. 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. 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 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. 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. Adjusted diluted EPS of $1.20, down $0.01 sequentially and up $0.97 compared to prior year. 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%. You are about to leave the Synovus web site for a third-party site. 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 participate directly in the Plan by submitting a completed Total taxable equivalent revenue was $510.3 million in the fourth quarter, up $9.7 million sequentially. SNV boasts an average earnings . 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. With a strong market position, broad geographic coverage footprint servicing 50 states . Operator: Good morning, and welcome to the Synovus Fourth Quarter . Banking products are provided by Synovus Bank, Member FDIC. Credit quality ratios remain near historical lows. Total deposit costs of 0.16% down 6 bps sequentially due to ongoing repricing and product remixing. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. The computations of these measures are set forth in the attached tables. 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. Net income available to common shareholders of $177.9 million or $1.19 per diluted share, unchanged sequentially and up $0.62 compared to prior year. 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. ours. 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. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Core transaction deposits increased $1.3 billion or 4% from the prior quarter. 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. Total risk-based capital ratio of 13.25% declined 9 bps from the prior quarter following a reduction in the ACL. Were building a bank that stays in step with our customers as they pursue greater financial freedom and security. Synovus is aGreat Place to Work-Certified Companyand is on the web atsynovus.comand onTwitter,Facebook,LinkedIn, andInstagram. 2023 Synovus Financial Corp. All rights reserved. Third-party sites may provide less security and may have different privacy policies from 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/. Offers an Optional Service. Processed and approved $1.0 billion in Round 2 PPP loans, supporting approximately 11,000 customers. Jul 21, 2022, 8:30 a.m. Alabama, South Carolina, Florida, and Tennessee. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. Get your suppliers paid. 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. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Cal Evans: Media Relations. 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%. 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. shares of the post-split amount. Continue Or if you have questions, please call the number below. Total deposits ended the quarter at $49.4 billion, an increase of $1.7 billion or 4% sequentially. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Third-party sites may contain less security and may have different privacy policies from ours. 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 of $295.2 million, an increase of $28.2 million from the third quarter. Third-party sites may contain less security and may have different privacy policies from ours. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. This communication is directed to properties in those states. Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. Adjusted non-interest expense increased $2.4 million, or 1% sequentially. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. COLUMBUS, Ga., January 20, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2021. 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. 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. 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. 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. 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 access your Synovus shareholder account by Internet, Telephone, or in Writing. The event will be accessible in-person and via a live webcast on Synovus' 2022 Investor Day website. Direct Stock Purchase Plan Investing in Synovus stock is easy, convenient and more affordable with The Synovus Dividend Reinvestment and Direct Stock Purchase Plan. Offers an Optional Service Synovus. Cal Evan -- Head of Investor Relations Thank you, and good morning. . 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. Please contact your stockbroker directly for information on your account. pre-split Synovus shares for post-split Synovus shares. Reversal of provision for credit losses of $55.2 million, a $47.3 million favorable change from the previous quarter. Streetholders (shares held by your broker) 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. 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. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. 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. HDFC Bank Investor Relations. Reverse Stock Split Follow Up Message from LINK Shareholder Services (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. You can purchase additional shares by investing between a minimum of $50 at receives compensation from insurance companies or their affiliates in the form of commissions. 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. Period-end deposit growth of $2.7 billion or 6%. Period-end loan growth of $1.4 billion or 4% quarter over quarter, excluding the reduction in PPP loans. Location. United States. 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. Consumer loans decreased by $96.7 million or 1% sequentially. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Synovus management and are subject to significant risks and uncertainties. The replay will be archived for 12 months and will be available 30-45 minutes after the call. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 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