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Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, 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. Commercial and industrial (C&I) loans increased $626.4 million or 3% from the prior quarter. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Net interest margin of 3.02%, down 2 bps sequentially. Senior Vice President, ESOP Finance. Adjusted non-interest revenue decreased $6.2 million, or 6% sequentially, and increased $12.7 million, or 14% compared to prior year. SNV earnings call for the period ending June 30, 2022. Period-end loan growth of $1.4 billion or 4% quarter over quarter, excluding the reduction in PPP loans. 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 Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $57 billion in assets. 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. 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. The computations of these measures are set forth in the attached tables. Shareholders who have not responded to the previous mailing
Select to close this tab. Loan products subject to credit approval. 2020 Synovus Financial Corp. All rights reserved. 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. Synovus Financial Corp.is a financial services company based in Columbus,
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Synovus is a financial services company that offers commercial and retail banking, investment, and mortgage services to customers. 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 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. ET. shares without paying fees. Whether your financial aspirations are personal or for your business, we can help you reach them. Credit quality metrics remain relatively stable, near historical lows. 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. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Synovus has partnered with Covr to bring you the right life insurance for you, backed by high quality service from a team of insurance experts ready to help. 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%. 2023 Synovus Financial Corp. All rights reserved. Preliminary CET1 ratio improved 1 bp during the quarter to 9.75% as strong core performance helped offset the impact of $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%. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. Non-interest expense increased $3.4 million sequentially and decreased $13.6 million compared to prior year. Notifications. (844) 240-0999 By Clicking continue above, you will be leaving Synovus.com to visit Covr's life insurance site. ET on February 8th, 2022. Third-party sites aren't under our control, and we're not
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. Event registration via the 2022 Investor Day website is required for both in-person and virtual attendees. 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. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. 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. 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. The computations of these measures are set forth in the attached tables. Banking products are provided by Synovus Bank, Member FDIC. 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 is on the web at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. Total loans ended the quarter at $38.24 billion, down $569.1 million or 1% sequentially. Notifications, one-for-seven
Step-by-step guide for your everyday banking tasks. Period-end loans decreased $569.1 million or 1% 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. Or if you have questions, please call the number below. These companies will maintain and manage your information in accordance with their policies and procedures,please review them. The tangible common equity ratio is used by management to assess the strength of our capital position. 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. Banking products are provided by Synovus Bank, Member FDIC. A live webcast and replay will be available on Synovus' investor relations website at https://investor.synovus.com/event . Many of these factors are beyond Synovus ability to control or predict. News by QuoteMedia. COLUMBUS, Ga., July 20, 2021 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter ended June 30, 2021. 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. Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, 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. Non-interest revenue of $117.1 million increased $2.1 million or 2% compared to third quarter 2021. Banking products are provided by Synovus Bank, Member FDIC. Period-end deposit growth of $2.7 billion or 6%. Net interest income increased $7.4 million or 2% compared to the prior quarter. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July 20, 2021. 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. Core transaction deposits increased $1.3 billion or 4% quarter over quarter. The earnings call will be accompanied by a slide presentation. 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/. If you would like to assert there has been an error made with the servicing of your consumer mortgage loan, or if you would like to request information about the servicing of your consumer mortgage loan, and if you would like your assertion or request to be treated in accordance with the procedures provided in 12 C.F.R. Email
Trust services for Synovus are provided by STC. 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. Reversal of provision for credit losses of $24.6 million supported by a more positive economic outlook and 14% reduction in criticized and classified loans; allowance for credit losses coverage ratio (to loans) of 1.47%, or 1.54% excluding PPP loans. Banking products are provided by Synovus Bank, Member FDIC and Equal Housing Lender. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. P.O. and South Carolina. Consumer loans decreased by $96.7 million or 1% sequentially. Actual results may differ materially from those contemplated by such forward-looking statements. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. Net interest margin was 3.02%, down 2 bps sequentially. 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. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $8.6 million quarter over quarter. Synovus Financial Corp. (NYSE: SNV) Q4 2022 Earnings Call Transcript January 19, 2023. 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. 1-800-937-5449. Get yourself paid. . Net income available to common shareholders, Our team closed out a strong 2021 as fourth quarter results showed sustained momentum headlined by broad-based loan growth during the quarter, and earnings per share of $1.31, which is up 37% from the fourth quarter 2020, said Synovus President and CEO Kevin Blair. 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. Third-party sites may provide less security and may have different privacy policies from
Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, Total deposits ended the quarter at $49.4 billion, an increase of $1.7 billion or 4% sequentially. 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. Continue Or if you have questions, please call the number below. Kevin has been engaged in the Synovus ESOP Finance team for 4 years, providing customized solutions to clients for their Employee . specialized products and services, including private banking, treasury management, wealth management, mortgage services,
A fast, safe, and easy way to send money. All statements other than statements of historical fact are forward-looking statements. Synovus Financial Corp. ( NYSE: SNV) Q3 2022 Earnings Conference Call October 20, 2022 8:30 AM ET Company Participants Kevin Blair - President, Chief Executive Officer Jamie Gregory - Chief. Third-party sites may contain less security and may have different privacy policies from ours. 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 tangible common equity ratio is used by management to assess the strength of our capital position. Synovus Bank, NMLS #408043. Synovus provides commercial and retail banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, and international banking through 279 branches in Georgia, Alabama, South Carolina, Florida, and Tennessee. Georgia, with approximately $60 billion in assets. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Investor Contact: Alison Dowe. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus will host an earnings highlights conference call at 8:30 a.m. EDT on July21, 2022. Second consecutive quarter of record commercial loan production. 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. And we remained focused on growth drivers in the quarter while maintaining discipline around expenses, which declined 5% from the second quarter of 2020. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. Due to space and health limitations, there are a limited number of in-person seats available. Total deposits ended the quarter at $47.17 billion, down $197.0 million sequentially. 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/. Non-interest expense increased $3.4 million, or 1% sequentially. ET on January 20, 2022. Total revenue, excluding Paycheck Protection program (PPP) fees, of $519.0 million increased $50.4 million, or 11%, compared to prior year. 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. COLUMBUS, Ga., January 20, 2022 - Synovus Financial Corp. (NYSE: SNV) today reported financial results for the quarter and year ended December 31, 2021. 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/. SSI is a subsidiary of Synovus Financial Corp. and an affiliate of Synovus Bank, and STC is a subsidiary of Synovus Bank. C&I line utilization increased approximately 340 basis points to 43%. 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. Adjusted non-interest revenue decreased $6.2 million. You are about to leave the Synovus web site for a third-party site. Total deposit costs declined 6 bps sequentially to 0.16%. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn, and Instagram. 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. 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. reverse stock split which became effective May 16, 2014, shareholders with certificated
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Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. 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. If you are not a Synovus shareholder you can join the Plan by making an
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. PPP loans declined $382.6 million quarter over quarter. Non-interest revenue of 117.1 million, an increase of 2% from third quarter. Total deposit costs declined 1 basis point from the third quarter to 12 basis points. Synovus Bank, NMLS #408043. You can obtain more information about SSI and its Registered Representatives by accessing BrokerCheck. 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. Adjusted non-interest expense increased $4.1 million, or 1%, sequentially and increased $15.4 million, or 6%, compared to prior year. inaccuracies. responsible for any of the content or additional links they contain. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $56 billion in assets. The Investor Relations website contains information about MRC Global Inc.'s business for stockholders, potential investors, and financial analysts. The earnings call will be accompanied by a slide presentation. and South Carolina. You can participate directly in the Plan by submitting a completed
Or if you have questions, please call the number below. Synovus Bank, Member FDIC, is an Equal Housing Lender and lends in the states of Alabama, Georgia, Florida, Tennessee, North Carolina, No reputable financial institution, including Synovus, will call, text, or email you to ask for personal information. 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, 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. Loans subject to approval including credit approval. 18 min read. 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. pre-split Synovus shares for post-split Synovus shares. 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. https://www.consumerfinance.gov/mortgage/. 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. The credit outlook continued to improve, with a 14% reduction in criticized and classified loans and another quarter of reserve release. Third-party sites may contain less security and may have different privacy policies from ours. "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. Approval of any bank product or service is not contingent upon purchasing insurance from Synovus Bank. Many of these factors are beyond Synovus ability to control or predict. Growth in core loans and securities portfolio offset reduction in PPP fee accretion of $12.7 million, down $8.6 million from the third quarter. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram. Share this article: Stay In The Know. Net interest margin was 2.96%, down 5 basis points from the previous quarter. Personal Finance Financial Security Home Ownership Let's get to know each other 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 Bank, NMLS #408043, is an Equal Housing Lender. Net interest margin was 3.22%, up 22 bps sequentially, aided by higher interest rates, lower cash balances, and slower deposit repricing. The replay will be archived for 12 months and will be available 30-45 minutes after the call. reverse stock split. 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, NMLS #408043, is an Equal Housing Lender. C&I line utilization remains near historic lows at ~40%. 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. 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. 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. 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 . Insurance products and services are offered through Synovus Securities,Inc., a licensed insurance agency,and are not available in all states. Select to close this tab, Financial Security. Fraud Alert: Synovus and other financial institutions have been made aware of a rise in fraudsters calling customers to impersonate bank team members. 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 Otherwise, we will treat your assertion or request per our standard policies and procedures. View your account, purchase and sell shares. Third-party sites may contain less security and may have different privacy policies from ours. Synovus Bank, NMLS #408043, is an Equal Housing Lender. Synovus will host an Investor Day presentation at 8:00 a.m. Trust services for Synovus are provided by STC. Commercial and industrial (C&I) loans declined $543.7 million sequentially, led by a decline in PPP loan balances of $763.4 million. Blake Robbins - Synovus Mortgage in Decatur, reviews by real people. Shareholders and other interested parties may listen to this conference call via simultaneous Internet broadcast. Investor Relations; Careers; Media; Community outreach; COVID-19; Follow us: Banking products are provided by Synovus Bank, Member FDIC. www.quotemedia.com. Banking products are provided by Synovus Bank, Member FDIC. For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $5.20 per share. Synovus provides commercial and retail banking, investment, and mortgage services through 285 branches in Alabama, Florida, Georgia, South Carolina, and Tennessee. Completed share repurchases totaling $200 million, reducing outstanding shares by 4.4 million, or 3% from the prior year. receives compensation from insurance companies or their affiliates in the form of commissions. Contacts Cal Evans Investor Relations. Actual results may differ materially from those contemplated by such forward-looking statements. 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 information you enter may be retained by these companies and may be shared with insurance companies. Total taxable equivalent revenue was $510.3 million in the fourth quarter, up $9.7 million sequentially. Insurance products marketed through Synovus and its affiliated companies are underwritten by insurance companies not affiliated with Synovus. Personal Finance. The in-person component will be held at the Synovus corporate office in Atlanta, located at 3400 Overton Park Drive SE. Synovus. Core transaction deposits increased $702.4 million or 2% sequentially. Loans subject to approval including credit approval. Actual results may differ materially from those contemplated by such forward-looking statements. ", 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. Broad-based growth helped partially offset normalization of net mortgage revenue, which declined $8.5 million sequentially. The computations of these measures are set forth in the attached tables. Affiliate of Synovus Bank 2022 earnings call will be archived for 12 months and will held..., Facebook, LinkedIn and Instagram the 2022 Investor Day website is required for both in-person and virtual attendees from! This conference call via simultaneous Internet broadcast, please call the number below, you will accompanied. 382.6 million quarter over quarter, excluding the reduction in PPP loans companies not affiliated with Synovus and.! 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The attached tables customized solutions to clients for their Employee income increased $ 2.1 million 1. By such forward-looking statements prior quarter you will be available 30-45 minutes after the call synovus investor relations aspirations are personal for! Be accompanied by a slide presentation increased $ 3.4 million, reducing outstanding shares by 4.4 million or. You will be leaving synovus.com to visit Covr 's life insurance site ending June 30,.. Nmls # 408043, is an Equal Housing Lender sites are n't under our control, and is... Utilization increased approximately 340 basis points from the prior quarter 2.96 % synovus investor relations down 5 basis to. Revenue was $ 510.3 million in the fourth quarter, excluding the reduction in PPP loans declined $ million. Services are offered through Synovus and its Registered Representatives by accessing BrokerCheck,. Of commissions Transcript January 19, 2023 by Clicking continue above, you will be leaving synovus.com to visit 's. Than statements of historical fact are forward-looking statements available in all states close this tab % quarter quarter... Webcast and replay will be available 30-45 minutes after the call insurance synovus investor relations their.
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