Synovus Financial (US:SNV)2022-04-21 13:14Financial Performance - Net income available to common shareholders was $162746 thousand[7] - Adjusted net income available to common shareholders was $158368 thousand[7] - Adjusted pre-provision net revenue was $213 million, a 9% year-over-year increase[6] - Net interest income grew by $36 million, or 10% year-over-year, excluding PPP fees[6] Balance Sheet - Robust loan growth of $11 billion quarter-over-quarter, or 11% annualized, excluding a reduction of $197 million in PPP loans[6] - Total loans reached $40169 million[7] - Total deposits amounted to $48656 million[7] - Non-interest-bearing deposits grew by $284 million quarter-over-quarter[6] - Savings deposits grew by $72 million quarter-over-quarter[6] Credit Quality - The NPL ratio was 037% for the C&I portfolio[86, 92] - The NPL ratio was 010% for the CRE portfolio[86, 89] - The NPL ratio was 052% for the Consumer portfolio[86, 94] Updated Guidance - Loan growth (excluding PPP) is expected to be 6% to 8%[66] - Adjusted revenue is projected to increase by 9% to 11%[66] - Adjusted non-interest expense is anticipated to rise by 3% to 6%[66]