Articles from Synovus Financial Corp.

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter and year ended Dec. 31, 2024. "Over the past year, Synovus has successfully implemented our relationship-building strategies, resulting in strong growth across core commercial lending, deposits and key fee-producing businesses. We maintained strict control over operating expenses, saw improvements in loan losses and increased our Common Equity Tier 1 ratio1 to the highest level in over 10 years. This momentum, as well as our financial position and accelerated growth orientation, positions us well for continued success in 2025 and beyond,” said Synovus Chairman, CEO and President Kevin Blair.

Synovus Financial Corp. (NYSESNV) Chairman, CEO and President Kevin Blair will participate in a fireside chat at the 2025 BofA Securities Financial Services Conference in Miami Beach, Florida, on Tuesday, Feb. 11, at 12:10 p.m. ET.

Synovus has named Katie Webb as its chief consumer digital and client experience officer. Webb will lead the consumer digital strategy, focusing on enhancing the client experience through strategic integration of physical and digital channels. She will drive the development of new digital capabilities and innovative experiences to ensure Synovus continues to meet the evolving needs of its growing client base. Webb reports to Liz Wolverton, executive vice president, head of consumer banking and brand experience.

Synovus Bank has named Walt Deriso as CEO and Hamilton Hilsman as president of The Family Office (TFO) at Synovus. Deriso will lead the overall direction of TFO, focusing on strengthening client relationships and expanding service offerings. Hilsman will lead the team’s efforts to continue driving innovation in advisory services to ultra-high-net-worth families. Deriso will report to Wayne Akins, executive vice president, chief community banking and wealth services officer for Synovus. Hilsman will report to Deriso.

Synovus has named Jim Vaughn as its Chattanooga market executive. He joins Synovus from Mauldin & Jenkins.

Synovus has contributed $500,000 to the AAA Scholarship Foundation to provide educational opportunities for students from low- and moderate-income families in Florida.

Synovus Financial Corp. (NYSESNV) has appointed Greg Montana, former executive vice president and chief risk officer of Fidelity National Information Services Inc., to its board of directors, effective Jan. 1, 2025. He will serve on the audit and risk committees. This appointment increases the Synovus board to 12 directors.

Synovus Financial Corp. (NYSESNV) will announce fourth quarter 2024 earnings results after the market closes on Wednesday, Jan. 15, 2025, and host a conference call at 8:30 a.m. ET on Thursday, Jan. 16.

Synovus has launched its newest initiative, AccelerateTM Trade, a portal for international business clients to manage global trade finance products more efficiently and transparently.

The board of directors of Synovus Financial Corp. (NYSESNV) has declared the following quarterly dividends:

Synovus Financial Corp. (NYSESNV) Chairman, CEO and President Kevin Blair will make an investor presentation at the Goldman Sachs 2024 U.S. Financial Services Conference on Dec. 11, 2024, at 11:20 a.m. ET.

Synovus has named Anne Fortner, senior vice president and deputy chief credit officer, as executive vice president, chief credit officer, effective March 31, 2025. Fortner will succeed Bob Derrick, who has served as chief credit officer since 2019 and will retire after more than 20 years at Synovus. She will report to Shellie Creson, executive vice president, chief risk officer.

Synovus Financial Corp. (“Synovus”) (NYSESNV) today announced the pricing of its previously-announced underwritten public offering of $500 million of fixed rate / floating rate senior notes due 2030 (the “Notes”). The Notes will bear interest (i) from and including November 1, 2024 to but excluding November 1, 2029 at a fixed rate of 6.168% per annum; and (ii) from and including November 1, 2029 to but excluding November 1, 2030 in accordance with the formula for SOFR described in the prospectus supplement related to the offering, plus 2.347%. The offering is expected to close on November 1, 2024, subject to customary closing conditions. Synovus intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of existing debt.

Synovus Financial Corp. (“Synovus”) (NYSESNV) today announced an underwritten public offering of senior notes due 2030. Synovus intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of existing debt.

Synovus Bank recently named Rick Arbuckle as the senior director, middle market for wholesale banking. In this new area of expertise for the bank, Arbuckle will develop and manage a comprehensive legal fiduciary services platform to deliver depository banking and cash management services to professional fiduciaries nationwide.

Synovus Financial Corp. (NYSESNV) Chairman, CEO and President Kevin Blair and Executive Vice President and Chief Financial Officer Jamie Gregory will participate in a fireside chat at the BancAnalysts Association of Boston Conference on Nov. 7, 2024, at 12:45 p.m. ET.

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter ended Sept. 30, 2024.

Synovus is donating $125,000 to the American Red Cross to support disaster relief efforts for communities impacted by Hurricane Helene.

Synovus Bank has named Tommy Flinn as market executive for upstate South Carolina, covering Greenville and Spartanburg effective Sept. 30. He will lead banking teams in offering strategic and customized financial solutions to clients in the region. Flinn will also support community outreach initiatives. He will report to Charlie Clark, president of the community bank.

Synovus Financial Corp. (NYSESNV) will announce third quarter 2024 earnings results after the market closes on Wednesday, Oct. 16, 2024, and host a conference call at 8:30 a.m. ET on Thursday, Oct. 17, 2024.

Synovus Bank has promoted Chad Parramore to executive director and head of product commercialization for the bank’s treasury and payment solutions team.

The board of directors of Synovus Financial Corp. (NYSESNV) has declared the following quarterly dividends:

Synovus Financial Corp. (NYSESNV) Chairman, CEO and President Kevin Blair and Executive Vice President and Chief Financial Officer Jamie Gregory will participate in a fireside chat at the Barclays 22nd Annual Global Financial Services Conference in New York City on Sept. 9, 2024, at 3:30 p.m. ET.

Synovus has awarded 111 college students its Jack Parker Scholarship, totaling $104,000 for 2024. This annual scholarship is named in honor of Jack B. Parker, who was known for his enthusiastic attitude, keen sense of duty and good heart during his 44-year career with Synovus.

Synovus Bank has named Darron Burnette as president of Synovus Mortgage, effective July 15. In his new role, Burnette leads a cross-functional team and drives the strategic execution of mortgage lending operations to deliver growth, customized solutions and exceptional client experience across the bank’s markets. He reports to Executive Vice President, Chief Community Banking and Wealth Services Officer Wayne Akins.

Synovus Bank has promoted Blake Thrasher to Tuscaloosa market executive. He will lead banking teams to provide tailored financial solutions for clients and drive business development and growth. Thrasher will also support community outreach initiatives. He will report to Alabama Division CEO Nelson Bean.

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter ended June 30, 2024.

Synovus Financial Corp. (NYSESNV) will announce second quarter 2024 earnings results after the market closes on Wednesday, July 17, 2024, and host a conference call at 8:30 a.m. ET on Thursday, July 18, 2024.

The board of directors of Synovus Financial Corp. (NYSESNV) has declared the following quarterly dividends:

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter ended March 31, 2024.

Synovus Financial Corp. (NYSESNV) has released its 2023 Annual Report, which highlights the company’s progress toward its strategic priorities, including key initiatives and investments that bring its purpose to life for clients, team members, communities and all stakeholders.

Synovus has launched AccelerateTM Pay, a new payment solution that enables commercial banking clients to initiate account payable payments in several different payment types while minimizing the use of checks. The solution offers payees the freedom to choose how they want to get paid, with check payments and e-checks still an option.

Synovus Financial Corp. (NYSESNV) will announce first quarter 2024 earnings results after the market closes on Wednesday, April 17, 2024, and host a conference call at 8:30 a.m. ET on Thursday, April 18.

Synovus Bank has named Jonathan O’Connor as its chief third-party payments officer and CEO of Maast, effective Feb. 29, 2024.

The board of directors of Synovus Financial Corp. (NYSESNV) has declared the following quarterly dividends:

Synovus Financial Corp. (NYSESNV) Chairman, CEO and President Kevin Blair will participate in a fireside chat at the 32nd annual BofA Securities Financial Services Conference at 1 Hotel South Beach in Miami Beach, Florida, on Feb. 21, 2024, at 3:20 p.m. ET.

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter and year ended Dec. 31, 2023. “Synovus' 2023 financial performance is a testament to our resilience and the strength of our business model,” said Synovus Chairman, CEO and President Kevin Blair. “Amid a challenging economic landscape in 2023, we broadened client relationships, further diversified our business mix, streamlined expenses and took strategic actions to optimize the balance sheet. Our strong banking footprint and ongoing investments in talent, capabilities, functionalities and new revenue sources fuel the bank’s path to solid growth. We persist in bolstering our core deposit generation, enriching lending diversification, enhancing expense efficiency and delivering world-class client service. As we execute our plan, we're confident momentum will build throughout 2024 and beyond for Synovus.”

Synovus Financial Corp. (NYSESNV) will announce fourth quarter 2023 earnings results after the market closes on Wednesday, Jan. 17, 2024, and host a conference call at 8:30 a.m. ET on Thursday, Jan. 18.

Synovus Bank and Children’s Healthcare of Atlanta announce a $1 million commitment from the bank to improve the health of kids in rural Georgia.

Synovus Financial Corp. (NYSESNV) announced today the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) to purchase up to $150 million in aggregate principal amount of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due Feb. 7, 2029 (the “2029 notes”).

The board of directors of Synovus Financial Corp. (NYSESNV) has declared the following quarterly dividends:

Synovus Financial Corp. (NYSESNV) announced today the results as of 5 p.m., New York City time, on Nov. 15, 2023 (the “Early Tender Time”), of its previously announced cash tender offer (the “Tender Offer”) to purchase up to $150 million in aggregate principal amount (as such amount may be increased or decreased by Synovus pursuant to the terms of the Tender Offer, the “Maximum Tender Amount”) of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due Feb. 7, 2029 (the “2029 notes”).

Synovus Financial Corp. (NYSESNV) Chairman, CEO and President Kevin Blair will make an investor presentation at the Goldman Sachs 2023 U.S. Financial Services Conference on Dec. 6, 2023, at 2:20 p.m. ET.

Synovus Financial Corp. (NYSESNV) announced today that it has commenced a cash tender offer to purchase up to $150 million in aggregate principal amount (as such amount may be increased or decreased by Synovus pursuant to the terms of the tender offer, the “Maximum Tender Amount”) of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due Feb. 7, 2029 (the “2029 notes”). Approximately $286,364,000 in aggregate principal amount of the 2029 notes is outstanding.

Synovus Financial Corp. (NYSESNV) Chairman, CEO and President Kevin Blair and Chief Financial Officer Jamie Gregory will present at the BancAnalysts Association of Boston Conference on Nov. 2, 2023, at 3:05 p.m. ET.

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter ended Sept. 30, 2023. “Our third quarter financial results reflect agility and disciplined execution amid complex market dynamics,” said Synovus Chairman, CEO and President Kevin Blair. “While we navigate through this uncertain economic landscape, our primary focus remains on strengthening and growing our core client relationships and strategically positioning Synovus for future growth. This includes efforts to optimize the balance sheet as well as business mix. Our proactive measures taken in the third quarter have further derisked the company by reducing our wholesale funding ratio to 15% and elevating the CET1 ratio beyond 10%, while also streamlining ongoing expenses. We are confidently looking forward to a strong close for 2023, and we are optimistic about the return to a stronger growth orientation as we progress through 2024.”

Synovus Bank has named Jayne Hill as president of wealth services. In her role, Hill now leads the company’s personal trust, securities and private wealth banking, further aligning and strengthening the delivery of advice-centered solutions and experiences for this fast-growing client segment.

GLOBALT Investments LLC and Synovus Financial Corp. (NYSESNV) today announced the completion of a transaction through which the leadership team of GLOBALT has purchased the firm from Synovus and now operates as an independent entity.

Synovus Financial Corp. (NYSESNV) will announce third quarter 2023 results on Thursday, Oct. 19, 2023. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET.

The board of directors of Synovus Financial Corp. (NYSESNV) has declared the following quarterly dividends:

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter ended June 30, 2023. “Our second quarter financial performance reflects the strength and resiliency of our team, with pre-provision net revenue growing 8% year over year and adjusted return on tangible common equity at 18%,” said Synovus Chairman, CEO and President Kevin Blair. “Strong deposit production, increased capital levels and stability in credit metrics, as we saw during the second quarter, all serve as mitigants to the risks of an environment with heightened levels of volatility and uncertainty. And as we position the company for sustainable, long-term growth, we’re proactively optimizing the balance sheet, we’ve adjusted revenue expectations in response to slower economic growth trends and deposit remixing, and we’ve significantly reduced expense growth. Even as we execute amid lingering challenging market conditions, we remain fully dedicated to providing reliable and innovative financial solutions to our clients. Their trust and confidence in our institution have been paramount to our growth and sustained performance.”

Synovus Bank has named Charlie Clark as president of the community bank, effective July 10. In this new position, Clark will advance the community bank’s geography-based delivery model. This includes management of local leadership across the bank’s five-state footprint as they continue to build and deepen relationships while delivering exceptional service to clients.

Synovus Financial Corp. (NYSESNV) announced today that Jennifer Demba has been named the new director of investor relations, reporting to Chief Financial Officer Jamie Gregory. She will be based in Atlanta, Georgia.

Synovus Financial Corp. (NYSESNV) will announce second quarter 2023 results on Thursday, July 20, 2023. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET.

The board of directors of Synovus Financial Corp. (NYSESNV) has declared the following quarterly dividends:

Synovus Financial Corp. (NYSESNV) will participate in the KBW U.S. Regional Leaders Bank Conference on June 5, 2023, in London, United Kingdom.

Synovus Financial Corp. (NYSESNV) announces that Vice President, Treasurer and Corporate Finance Stacy Apter with The Coca-Cola Company has joined its board of directors. Apter was elected during the Synovus 2023 Annual Meeting of Shareholders on Wednesday, April 26, 2023.

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter ended March 31, 2023. “Our first quarter results reflect a disciplined approach to execution, with pre-provision net revenue of $292 million, a 30% increase year over year,” said Synovus Chairman, CEO and President Kevin Blair. “Our stable deposit base and record deposit production are testaments to the quality of our clients and ability to expand existing and attract new relationships even in this environment. The recent J.D. Power recognition as the Southeast’s number one bank in retail client satisfaction and trust affirms the value of our commitment to tailored solutions, local market presence and personal relationships. Our team continues to exercise prudence and perseverance as we focus on profitable growth and meet the future needs of clients and communities we serve.”

Synovus Financial Corp. (NYSESNV) has released its 2022 Annual Report detailing the company’s progress and outlining 2023 as a year dedicated to focused execution.

Synovus Bank today announced the commitment of $2 million in corporate donations to nonprofits and organizations in Alabama, Georgia, Florida, South Carolina and Tennessee. Through Synovus’ Corporate Donations Program, the bank is building on the millions of dollars it donates annually to address critical needs in the communities it serves.

Synovus Financial Corp. (NYSESNV) will announce first quarter 2023 results on Thursday, April 20, 2023. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET.

The board of directors of Synovus Financial Corp. (NYSESNV) has declared the following quarterly dividends:

Synovus Financial Corp. (NYSESNV) Chairman, CEO and President Kevin Blair will present at the Raymond James & Associates 44th Annual Institutional Investors Conference on March 7, 2023, at 9:50 a.m. ET.

Synovus Financial Corp. (NYSESNV) Chairman, CEO and President Kevin Blair will participate at the BofA Securities Financial Services Conference at the Conrad Hotel in New York City on Feb. 15, 2023, at 8:50 a.m. ET.

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter and year ended Dec. 31, 2022. "Our 2022 financial results validated the resiliency of our business model and our team's ability to successfully execute on key strategic growth initiatives while delivering top quartile returns and efficiency," said Kevin Blair, Synovus chairman, CEO and president. "With pre-provision net revenue up 19%, the year was shaped by broad-based growth and stability in our core banking franchise that enabled investments in new sources of growth and enhancements to the client experience. Our commonsense approach to expense, credit, and capital management positions us for continued growth while remaining flexible as economic volatility persists. 2023 is a year of focused execution that will continue to drive profitable growth, enhanced service quality, and deeper client relationships. And as we also navigate uncertain economic terrain, risk profile resiliency, broad-based deposit generation, and strong credit vigilance remain top priorities. We're confident in the strength of our footprint, talent, and ability to execute, which will translate into achieving our stated near-term and long-term financial targets."

Synovus Bank announced today a three-year partnership with four-time PGA Tour winner Russell Henley and renowned artist, entrepreneur, and author Teil Duncan Henley. The couple, natives of Georgia, will highlight the partnership through storytelling content. In addition, the Synovus logo will debut on Russell’s left chest beginning with the 2023 Sentry Tournament of Champions on Jan. 5 in Maui, Hawaii.

Synovus Financial Corp. (NYSESNV) will announce fourth quarter 2022 results on Thursday, Jan. 19, 2023. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET.

Synovus Financial Corp. (NYSESNV) today announced the hiring of Michael Colasso as the company’s new enterprise and operational risk executive director. Colasso reports to Executive Vice President and Chief Risk Officer Shellie Creson and is based in Atlanta, Georgia. He is responsible for the strategic design and execution of Synovus’ enterprise and operational risk programs and oversight, including frameworks and methodologies to support effective risk identification, assessment, mitigation and monitoring.

Synovus Financial Corp. (NYSESNV) today announced the appointment of President and Chief Executive Officer Kevin Blair to chairman of the board, effective Jan. 1, 2023. Blair succeeds Kessel D. Stelling, who is retiring as chairman on Dec. 31, 2022, and will continue in an advisory role with the company until Jan. 1, 2025, as previously announced.

The board of directors of Synovus Financial Corp. (NYSESNV) has declared the following quarterly dividends:

Synovus today announced the introduction of Synovus Accelerate™ FX, an end-to-end, innovative FX solution to drive the expansion of international banking services. Synovus Accelerate FX provides foreign exchange payments and trading services with convenient access and management through the Synovus Gateway℠ commercial banking portal. Synovus Accelerate FX is supported by Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and BaaS. Finzly is also an innovator in payments processing, offering a payment hub that is readily connected to all domestic and international payment networks.

Synovus Financial Corp. (NYSESNV) President and CEO Kevin Blair will present at the Goldman Sachs 2022 U.S. Financial Services Conference on Dec. 7, 2022, at 3 p.m. ET.

Synovus Financial Corp (NYSESNV) today announced the hiring of Stephanie Wise as Bank Secrecy Act and Anti-Money Laundering executive director, effective Oct. 31, 2022. Wise reports to Executive Vice President and Chief Risk Officer Shellie Creson and is based in Atlanta, Georgia. She is tasked with oversight of Synovus’ enterprisewide operations related to compliance with financial crimes regulations – BSA, AML, and Office of Foreign Assets Control sanctions.

Synovus Financial Corp. (NYSESNV) President and CEO Kevin Blair will present at the BancAnalysts Association of Boston Conference on November 3, 2022, at 3 p.m. ET.

Synovus Financial Corp. (NYSESNV) today reported financial results for the quarter ended Sept. 30, 2022. “We demonstrated ongoing progress this quarter as we continue to execute our strategic growth plan,” said Synovus President and CEO Kevin Blair. “Our strong third quarter performance is a result of increased productivity, deepened, more profitable client relationships as well as prudent expense management. Pre-provision net revenue of $288 million, up 24% year over year, was driven by broad-based loan growth and robust margin expansion. Credit quality was solid in the third quarter, and capital remained at targeted levels as we continued to utilize our strong earnings to support client loan growth. We are confident in and committed to our path forward by investing in our core and new business initiatives while prioritizing credit, capital and liquidity management as we face economic uncertainty ahead.”