Synovus' Transformation and Growth - Synovus has undergone a multi-year transformation, enhancing its ability to succeed [6] - The company is capitalizing on growth tailwinds with stronger loan growth, balanced core deposit growth, and continued healthy non-interest revenue growth [11, 21] - Synovus is focused on long-term shareholder value creation [14] Financial Performance and Guidance - The Common Equity Tier 1 Ratio decreased by 440 bps from 3Q22 [13] - Allowance For Credit Losses increased by 112 bps from 3Q22 [13] - Wholesale Funding/Assets increased by 11 bps from 3Q22 [13] - The company projects 3%-6% loan growth and 3%-6% core deposit growth for 2025 [35] - Synovus anticipates 3%-7% adjusted revenue growth and 3%-7% adjusted non-interest expense growth in 2025 [35] Strategic Initiatives - Synovus is targeting a 20-30% expansion of relationship managers over the next 3 years [26] - Strategic growth segments include Middle Market, Specialty Lending, and CIB [22]

Synovus Financial (SNV) 2023 Conference November 02, 2023 03:05 PM ET Speaker0 Perfect. Good afternoon. We are very happy to have $4,000,000,000 market cap Cenovus Financial join us this year at the conference. Cenovus traces its roots back to 1888 in the textile industry and is headquartered under miles south of Atlanta with market presence throughout the Southeast. Cenovus' stock currently trades at just tangible book value and just seven times 24 earnings. Importantly, Synovus of today is drastically dif ...