Synovus Financial (SNV) - 2023 Q4 - Earnings Call Transcript

Now moving to Slide 7. Net interest income was $437 million in the fourth quarter, a decline of 1% from the third quarter, which is slightly better than our previously disclosed expectations. Our net interest margin was stable during the fourth quarter versus a 9 basis point sequential decline in the third quarter. Better-thanexpected core interest-bearing deposit costs reduced borrowings and increasing earning asset yields supported the margin. The partial securities repositioning, which was completed in D ...