Synovus’ Post

Today Synovus shared second quarter earnings results, and it tells a tremendous story about our resilience and growth. We experienced strong performance across the board.   Net interest margin expansion was driven by several factors ─ higher loan yields, hedge maturities, securities repositioning and lower earning assets. We expect margin expansion to continue in the second half of 2024.   Fee growth was headlined by capital markets and sponsorship revenue, resulting in a 9% increase from last quarter. Investments in core non-interest revenue streams deepen our client relationships. Our credit quality metrics improved during the second quarter with lower levels of net charge-offs and nonperforming loans.   Through strong earnings accretion and our risk-weighted asset optimization, our preliminary common equity tier ratio rose to 10.62% ─ our highest level in over 8 years.   This strong performance, reflecting our strategic investments and robust results on the income statement and balance sheet, positions us as the premier bank in the southeast!   #GetThere

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