Second quarter earnings results are officially in. Key highlights of our financial performance in the quarter include revenue growth, effective expense management and improved credit quality. "The dedication of our team in providing unparalleled service to our clients and communities contributes to our strategic efforts to grow the bank and progress in key initiatives, further strengthening our relationship-centered banking approach,” said Synovus Chairman, CEO and President Kevin Blair. Read the full earnings news release: https://lnkd.in/ggSZ4eRu #Synovus #GetThere #Earnings
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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
Second quarter earnings results are officially in. Key highlights of our financial performance in the quarter include revenue growth, effective expense management and improved credit quality. "The dedication of our team in providing unparalleled service to our clients and communities contributes to our strategic efforts to grow the bank and progress in key initiatives, further strengthening our relationship-centered banking approach,” said Synovus Chairman, CEO and President Kevin Blair. Read the full earnings news release: https://lnkd.in/ggSZ4eRu #Synovus #GetThere #Earnings
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Amid global events and new opportunities, banking, insurance, capital markets, wealth management, and private equity are poised to undergo seismic shifts in 2024. Dive into what's next for financial services in our 2024 industry outlook: https://slalom.ws/3Vp6Ylu
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Partner at The Long Group - Financial services research, planning and marketing. Business intelligence, analytics, strategic insight and guidance.
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Check out the newest BusinessPulse results, powered by Barlow Associates, which revealed that small businesses increased capital spending throughout the second quarter despite lower sales and profits https://lnkd.in/eYecUgcB Member FDIC #Americassmallbusinessbank #RIA #Financialadvisor #wealthplanning #wealthmanagement #cfp
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Amid global events and new opportunities, banking, insurance, capital markets, wealth management, and private equity will undergo seismic shifts in 2024. Dive into what's next for financial services in our 2024 industry outlook. #2024 #SlalomFinancialServices #ImWithSlalom
2024 financial services industry outlook
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President - CEO Connectivity Solutions LLC
1moIf he is serious about improving bank relations, he needs to provide for temporary Debit Card replacements at the Branch level due to the tremendous increase in Fraud transactions by others on bank customers!!!