Synovus Financial Corp Q2 2023 Earnings Call Summary - Thomson StreetEvents

Synovus Financial Corp Q2 2023 Earnings Call Summary

Synovus Financial Corp Q2 2023 Earnings Call Summary - Thomson StreetEvents
Synovus Financial Corp Q2 2023 Earnings Call Summary
Published Jul 20, 2023
Published Jul 20, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of SNV.N earnings conference call or presentation 20-Jul-23 12:30pm GMT

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Synovus Financial Corp
Ticker
SNV.N
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Good morning, everyone. I wanted just to ask on the -- Jamie, can you help me just on the derivative hedge portfolio the 1.82% rate that's been pretty consistent for the last several quarters. Is that a Net rate? I guess, is that net of the -- what you're paying on the floating and receiving on the fixed? Or just -- can you help me better understand the moving parts there?

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Got it. Okay. So that's probably SOFR, I guess, at this point. Okay. Cool. And then just on -- I appreciated the slide -- I think it was Slide 6 or so. I think you had tucked in the repricing dynamics on the fixed rate portfolio. I just wanted to focus in on the non-mortgage portion. That 2.3 year duration, is that like -- is that a good cadence to use in terms of even repricing from the fixed rate loan perspective? Or is there any kind of chunky periods of fixed rate loan repricing within there? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 20, 2023 / 12:30PM, SNV.N - Q2 2023 Synovus Financial Corp Earnings Call

Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst : Okay. So that should just be consistent repricing going forward. All right. Cool. And then I just wanted to sneak in one last one. Just on the deposit outlook. I think on 1 of the Slides, you said that you expected I think it was 46% to 48% total deposit beta range through December 2023? So that kind of calls for a bit of a step-up in the back half. I was just wondering how competition is evolving in the Southeast markets, especially now that FHN is back fully competing for deposits with everyone?

Table Of Contents

Synovus Financial Corp at BancAnalysts Association Of Boston Conference Summary – 2023-11-02 – US$ 54.00 – Edited Brief of SNV.N presentation 2-Nov-23 7:05pm GMT

Synovus Financial Corp at BancAnalysts Association Of Boston Conference Transcript – 2023-11-02 – US$ 54.00 – Edited Transcript of SNV.N presentation 2-Nov-23 7:05pm GMT

Synovus Financial Corp Q3 2023 Earnings Call Summary – 2023-10-19 – US$ 54.00 – Edited Brief of SNV.N earnings conference call or presentation 19-Oct-23 12:30pm GMT

Synovus Financial Corp Q3 2023 Earnings Call Transcript – 2023-10-19 – US$ 54.00 – Edited Transcript of SNV.N earnings conference call or presentation 19-Oct-23 12:30pm GMT

Synovus Financial Corp Q2 2023 Earnings Call Transcript – 2023-07-20 – US$ 54.00 – Edited Transcript of SNV.N earnings conference call or presentation 20-Jul-23 12:30pm GMT

Synovus Financial Corp Q1 2023 Earnings Call Transcript – 2023-04-20 – US$ 54.00 – Edited Transcript of SNV.N earnings conference call or presentation 20-Apr-23 12:30pm GMT

Synovus Financial Corp at Raymond James Institutional Investors Conference Transcript – 2023-03-07 – US$ 54.00 – Edited Transcript of SNV.N presentation 7-Mar-23 2:50pm GMT

Synovus Financial Corp at Bank of America US Financials Conference Transcript – 2023-02-15 – US$ 54.00 – Edited Transcript of SNV.N presentation 15-Feb-23 1:50pm GMT

Synovus Financial Corp Q4 2022 Earnings Call Summary – 2023-01-19 – US$ 54.00 – Edited Brief of SNV.N earnings conference call or presentation 19-Jan-23 1:30pm GMT

Synovus Financial Corp Q4 2022 Earnings Call Transcript – 2023-01-19 – US$ 54.00 – Edited Transcript of SNV.N earnings conference call or presentation 19-Jan-23 1:30pm GMT

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MLA:
Thomson StreetEvents. "Synovus Financial Corp Q2 2023 Earnings Call Summary" Jul 20, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Synovus-Financial-Corp-Earnings-Call-B15638029>
  
APA:
Thomson StreetEvents. (2023). Synovus Financial Corp Q2 2023 Earnings Call Summary Jul 20, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Synovus-Financial-Corp-Earnings-Call-B15638029>
  
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