Synovus Financial Corp. (NYSE:SNV) Q1 2023 Earnings Call Transcript

And as we wrap up our call today, I just want to reiterate how proud I am of our results to date and for the agility we’re showing to adapt to an ever-changing marketplace while continuing to make progress and executing on our strategic plan. Our team continues to work tirelessly to deliver the highest quality of service and advice to our clients while addressing the uncertainty and anxiety caused by a few bank failures that were idiosyncratic in nature. Despite these challenges, we delivered strong financial results. We continue to grow our client base. We further de-risked the balance sheet, and we adjusted our forward plans to produce mid to high single-digit PPNR growth for the year. And we’re delivering on these results in the face of either a prolonged economic slowdown or an actual recession.

The awards and the recognition that we referenced today, coupled with others that we did not mention such as being recognized as the top workplace in Atlanta, serve as further proof points that our clients and our team members trust and value our company and the services we provide.And you can rest assured that we’re not satisfied with this recognition, but rather, our focus will remain on incremental improvements as well as investing in our teams and empowering them to deliver the best possible experience to our clients. We believe that our success is not just measured on financial performance, but also by the impact we have on our communities. That’s why we remain dedicated to supporting the 55 MSAs that we support in our five-state footprint.

As we recently announced our 2023 financial commitment to more than 300 organizations that do amazing work across our footprint.As we move forward, we will continue to prioritize relationship, banking values, of teamwork, excellence, and integrity. We know that these values are what builds trust and sets us apart and enables us to deliver for our clients, our team members, and also our shareholders. On behalf of the entire Synovus team, I want to thank you for your continued support and trust. We remain excited about our future, and look forward to continuing to deliver in the quarters and years to come. With that, Adam, we’ll close today’s call.Operator This does conclude today’s call. Thank you all very much for your attendance. You may now disconnect your lines.