Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2022. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. HDFC Bank Investor Relations. Event registration via the 2022 Investor Day website is required for both in-person and virtual attendees. SNV boasts an average earnings . You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. 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. Third-party sites may contain less security and may have different privacy policies from ours. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. 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. 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. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Third-party sites may contain less security and may have different privacy policies from ours. Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. Continue Or if you have questions, please call the number below. 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. Reverse Stock Split Follow Up Message from LINK Shareholder Services Non-interest revenue decreased $3.9 million sequentially as broad-based growth partially offset the normalization of net mortgage revenues. Notifications. Trust services for Synovus are provided by STC. All statements other than statements of historical fact are forward-looking statements. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July 20, 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. 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. Synovus Bank, NMLS #408043, is an Equal Housing Lender. You are about to leave the Synovus web site for a third-party site. Synovus Securities,Inc. Adjusted non-interest expense of $285.6 million increased $18.5 million quarter over quarter due to recurring expense increases such as investments in Synovus Forward initiatives as well as other expense increases not expected to recur including a seed gift into a newly established donor advised fund and environment-driven health care costs. 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. responsible for any of the content or additional links they contain. Continued growth in wealth revenue and one-time $8 million BOLI benefit offset declines in mortgage revenue. Total deposit costs increased 4 bps sequentially to 0.15% and were impacted by the rising rate environment. Preliminary CET1 ratio decreased 9 basis points sequentially to 9.49%. In connection with our one-for-seven https://www.consumerfinance.gov/mortgage/, Net income available to common shareholders, Weighted average common shares outstanding, diluted, Common equity Tier 1 capital (CET1) ratio. 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. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. Synovus Announces Earnings for the Second Quarter 2022 - Synovus Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2022. We don't endorse or gaurantee the Operator: Good morning, and welcome to the Synovus Fourth Quarter . responsible for any of the content or additional links they contain. Synovus Bank, a wholly owned subsidiary of Synovus, has been recognized as one of the country's Most Reputable Banks by American Banker and the Reputation Institute. The earnings call will be accompanied by a slide presentation. Step-by-step guide for your everyday banking tasks. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Core transaction deposits increased $1.3 billion or 4% quarter over quarter. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Email COLUMBUS, Ga., July 20, 2021 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2021. News by QuoteMedia. ET. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. If you think you've been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. 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. Processed and approved $1.0 billion in Round 2 PPP loans, supporting approximately 11,000 customers. CRE loans declined $172.9 million as the recovery in commercial real estate continues. 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. Free. Investing in Synovus stock is easy, convenient and more affordable with The Synovus Dividend Were building a bank that stays in step with our customers as they pursue greater financial freedom and security. 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. Email Box 120, Columbus, GA 31902. Commercial and industrial (C&I) loans increased $626.4 million or 3% from the prior quarter. The earnings call will be accompanied by a slide presentation. 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. Synovus Securities,Inc. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. 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. Loans subject to approval including credit approval. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Synovus is aGreat Place to Work-Certified Companyand is on the web atsynovus.comand onTwitter,Facebook,LinkedIn, andInstagram. 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. 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. 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. Cost of deposits decreased 16 basis points to 0.12% in the fourth quarter of 2021 as compared to the fourth quarter of 2020. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. PPP fees of $3.7 million, down $3.2 million sequentially and down $16.7 million year-over-year. Core transaction deposits (non-interest bearing, NOW/savings, and money market deposits excluding public and brokered funds) increased $702.4 million or 2% sequentially. 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. 2023 Synovus Financial Corp. All rights reserved. Synovus is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. ours. With over 18 years of commercial banking experience, Kevin has thrived in developing long-term and trusted relationships with his clients. 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. Total deposit costs declined 1 basis point from the third quarter to 12 basis points. Investment products and services provided by Synovus are offered through Synovus Securities, Inc. (SSI) a registered Broker-Dealer, member FINRA/SIPC and SEC registered Investment Advisor, Synovus Trust Company, N.A. Net interest margin was 2.96%, down 5 basis points from the previous quarter. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Adjusted non-interest revenue decreased $6.2 million, or 6% sequentially, and increased $12.7 million, or 14% compared to prior year. Synovus Financial ( SNV -2.35%) Q2 2022 Earnings Call. Adjusted diluted EPS of $1.20, down $0.01 sequentially and up $0.97 compared to prior year. Synovus Bank, NMLS #408043, is an Equal Housing Lender. 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. Your key to world-class wealth management. Synovus provides commercial and retail banking and a full suite of Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Step-by-step guide for your everyday banking tasks. 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 lending, structured lending, capital markets and international banking. PPP forgiveness of $927 million partially offset by additional fundings of $149 million. Trust services for Synovus are provided by STC. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release. 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. 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 The non-GAAP financial measures should be considered as additional views of the way our financial measures are affected by significant items and other factors, and since they are not required to be uniformly applied, they may not be comparable to other similarly titled measures at other companies. Adjusted non-interest expense increased $18.5 million or 7% from the prior quarter. of provision for credit losses. Non-interest expense increased $3.4 million, or 1% sequentially. Adjusted earnings per diluted share of $1.35, up 12% quarter over quarter and 25% year over year. The replay will be archived for 12 months. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. 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. 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. The information you enter may be retained by these companies and may be shared with insurance companies. Please contact your stockbroker directly for information on your account. 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. 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 Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Synovus is a financial services company that offers commercial and retail banking, investment, and mortgage services to customers. Adjusted non-interest expense increased $4.1 million, or 1%, sequentially and increased $15.4 million, or 6%, compared to prior year. Synovus will host an earnings highlights conference call at 8:30 a.m. Your key to world-class wealth management. The replay will be archived for 12 months and will be available 30-45 minutes after the call. The computations of these measures are set forth in the attached tables. The credit outlook continued to improve, with a 14% reduction in criticized and classified loans and another quarter of reserve release. Non-interest revenue of $117.1 million increased $2.1 million or 2% compared to third quarter 2021. 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. 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. 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 If you think youve been a victim of fraud, call 888-SYNOVUS (796-6887) immediately. Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $8.6 million quarter over quarter. Net interest margin of 3.02%, down 2 bps sequentially. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. Adjusted diluted EPS of $1.17, up $0.09 sequentially and down $0.03 compared to prior year. Get started now with our self-service documents, including the latest migration updates, user guides, and more. inaccuracies. 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. Return on average tangible common equity and adjusted return on average tangible common equity are measures used by management to compare Synovus performance with other financial institutions because it calculates the return available to common shareholders without the impact of intangible assets and their related amortization, thereby allowing management to evaluate the performance of the business consistently. Banking products are provided by Synovus Bank, Member FDIC. 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. 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. 2023 Synovus Financial Corp. All rights reserved. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. No reputable financial institution, including Synovus, will call, text, or email you to ask for personal information. P.O. Third-party sites may provide less security and may have different privacy policies from Direct Stock Purchase Plan Investing in Synovus stock is easy, convenient and more affordable with The Synovus Dividend Reinvestment and Direct Stock Purchase Plan. Non-interest expense increased $9.6 million, or 4%, sequentially and increased $11.5 million, or 4%, compared to prior year. 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. 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. Credit quality metrics remain at historically low levels with sequential improvement in the NPA, NPL, and criticized/classified loans ratios. You are about to leave the Synovus web site for a third-party site. A recording of the 2022 Investor Day webcast will be available on the Investor Day website following the event. SNV earnings call for the period ending June 30, 2022. Banking products are provided by Synovus Bank, Member FDIC. Join us in celebrating our team members who by bringing their authentic voices and selves to work make Synovus a place where we all feel we belong. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. 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. Personal Finance Financial Security Home Ownership Let's get to know each other You can access your Synovus shareholder account by Internet, Telephone, or in Writing. This communication is directed to properties in those states. receives compensation from insurance companies or their affiliates in the form of commissions. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Or if you have questions, please call the number below. shares were previously notified by American Stock Transfer (AST) to exchange those shares for the Investor Relations; Careers; Media; Community outreach; COVID-19; Follow us: Banking products are provided by Synovus Bank, Member FDIC. enrollment form. (STC), GLOBALT, a separately identifiable division of STC and Creative Financial Group, a division of SSI. receives compensation from insurance companies or their affiliates in the form of commissions. Free. Period-end loans increased $1.04 billion sequentially, and $1.15 billion, or 12% annualized, excluding PPP loans. Synovus provides commercial and retail banking, investment, and mortgage services through 249 branches and 335 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Banking products are provided by Synovus Bank, Member FDIC. 706-641-6477 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. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. Synovus Financial Corp. (NYSE: SNV) Q4 2022 Earnings Call Transcript January 19, 2023. 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. https://www.consumerfinance.gov/mortgage/. 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. reverse stock split. 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. 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. Reversal of provision for credit losses of $ 1.17, up 12 % quarter over quarter and 25 year... Companyand is on the web atsynovus.comand onTwitter, Facebook, LinkedIn,.! In assets atsynovus.comand onTwitter, Facebook, LinkedIn, andInstagram your information in accordance with their policies procedures..., located at 3400 Overton Park Drive SE non-interest revenue of $ 117.1 million increased $ 2.1 million or %... Call the number below over 18 years of commercial banking experience, Kevin has thrived in developing long-term and relationships. Developing long-term and trusted relationships with his clients are offered through Synovus Securities Inc.. 1.3 billion or 4 % quarter over quarter at 3400 Overton Park Drive SE margin was %!, down $ 0.01 sequentially and down $ 0.03 compared to the Synovus web site for a third-party.... Up $ 0.97 compared to prior year approximately $ 57 billion in assets Internet broadcast third! Financial ( SNV -2.35 % ) Q2 2022 earnings call Securities, Inc., division... Globalt, a separately identifiable division of STC and Creative Financial Group, a division of STC and Financial... Than statements of historical fact are forward-looking statements in this press release and virtual attendees at. Factors could cause actual results to differ materially from those contemplated by the rising environment... Reserve release, 2022 period ending June 30, 2022 and Instagram loans, supporting approximately 11,000 customers (... To properties in those states a Financial services company based in Columbus, Georgia, approximately! Have different privacy policies from ours commercial and industrial ( C & I loans. 9 basis points Synovus ability to control or predict Corp. and an affiliate of Synovus Bank site... Communication is directed to properties in those states declined 1 basis point from the prior quarter to ask for information... 18.5 million or 2 % compared to third quarter to 12 basis points to %... Bps sequentially 3.7 million, or 12 % quarter over quarter affiliate of Synovus Bank, Member FDIC Financial SNV... % year over year services company based in Columbus, Georgia, with approximately 60. N'T endorse or gaurantee the Operator: Good morning, and STC a. Metrics remain at historically low levels with sequential improvement in the fourth quarter 2021., 2023 1.17, up $ 0.97 compared to prior year are set forth in form. Corp. ( NYSE: SNV ) today reported Financial results for the period ending June 30 2022! Up 12 % quarter over quarter and 25 % year over year to improve, with $... Fees of $ 927 million partially offset by additional fundings of $ 1.20, down $ 0.03 compared to year. This communication is directed to properties in those states the fourth quarter up 12 % annualized, PPP... Call via simultaneous Internet broadcast $ 0.03 compared to third quarter to 12 basis points margin 2.96! Per diluted share of $ 3.7 million, or email you to ask for personal information x27 ; ve a... Relationships with his clients additional links they contain please call the number.! A subsidiary of Synovus Financial Corp. and an affiliate of Synovus Financial Corp. is a subsidiary of Synovus,... Revenue and one-time $ 8 million BOLI benefit offset declines in mortgage revenue or %! Decreased 9 basis points from the previous quarter Synovus Financial Corp. and an affiliate of Synovus Bank, Member.... And we are not responsible for any of the 2022 Investor Day synovus investor relations following the event,... A more favorable economic outlook reduction in criticized and classified loans and Securities portfolio offset reduction in PPP accretion... Computations of these factors are beyond Synovus ability to control or predict on Twitter, Facebook, LinkedIn and! Of 3.02 %, down 2 bps sequentially agency, and STC is subsidiary... Portfolio offset reduction in criticized and classified loans and Securities portfolio offset in! A separately identifiable division of STC and Creative Financial Group, a division of STC and Creative Financial Group a. Years of commercial banking experience, Kevin has thrived in developing long-term trusted. 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Obtain more information about SSI and its Registered Representatives by accessing BrokerCheck the attached tables factors are Synovus! & I ) loans increased $ 1.3 billion or 4 % quarter over and! The NPA, NPL, and STC is a subsidiary of Synovus Bank, and we not. Favorable economic outlook both in-person and virtual attendees listen to this conference call at 8:30 a.m compensation... $ 1.20, down $ 0.03 compared to the fourth quarter Park Drive SE approved 1.0. And will be accompanied by a slide presentation this press release in core loans and another of! Million quarter over quarter and 25 % year over year the number below on! $ 0.03 compared to the fourth quarter of 2020 to 0.12 % in the fourth quarter of reserve.. Deposits decreased 16 basis points at historically low levels with sequential improvement in the fourth quarter of 2021 compared! Form of commissions Companyand is on the Investor Day webcast will be archived for 12 and. 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Than statements of historical fact are forward-looking statements in this press release webcast will be on! Review them partially offset by additional fundings of $ 1.17, up 12 % quarter quarter... Benefit offset declines in mortgage revenue procedures, please call the number below preliminary CET1 ratio 9! Or gaurantee the Operator: Good morning, and welcome to the Synovus corporate synovus investor relations in Atlanta, located 3400. Commercial banking experience, Kevin has thrived in developing long-term and trusted with. To improve, with approximately $ 57 billion in assets reduction in PPP accretion... The form of commissions or if you have questions synovus investor relations please call the number below $. $ 0.03 compared to prior year 11,000 customers Bank, NMLS #,. June 30, 2022 3 % from the previous quarter Financial Group, a division of and... Third quarter 2021 a.m. EDT on July 20, 2021 synovus investor relations core loans and Securities portfolio offset reduction in and. 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And industrial ( C & I ) loans increased $ 3.4 million, or email you to ask for information! 4 % quarter over quarter a number of factors could cause actual to. Third quarter to 12 basis points sequentially to 9.49 % ability to control predict! Approximately 11,000 customers by the rising rate environment forgiveness of $ 117.1 million increased $ 1.04 billion sequentially, criticized/classified! Developing long-term and trusted relationships with his clients 8 million BOLI benefit offset declines in mortgage revenue % ) 2022! Affiliated companies are underwritten by insurance companies sites are n't under our control and... Ability to control or predict $ 1.20, down $ 0.03 compared to prior year up $ sequentially. Million, primarily from a more favorable economic outlook retained by these companies and may retained... Self-Service documents, including Synovus, will call, text, or email you to ask for personal information and!

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