Synovus Financial Corp. (NYSE:SNV) Q1 2023 Earnings Conference Call April 20, 2023 8:30 AM ET

Company Participants

Cal Evans - Senior Director, IR

Kevin Blair - Chairman, President, and CEO

Jamie Gregory - CFO

Robert Derrick - CCO

Conference Call Participants

Bradley Milsaps - Piper Sandler

Ebrahim Poonawala - Bank of America Securities

Anthony Elian - J.P. Morgan

Brady Gailey - Keefe, Bruyette, & Woods

Michael Rose - Raymond James

Jared Shaw - Wells Fargo

Kevin Fitzsimmons - D.A. Davidson

Christopher Marinac - Janney Montgomery Scott

Samuel Varga - UBS

Operator

Good morning and welcome to the Synovus First Quarter 2023 Earnings Call. My name is Adam and I will be your operator today. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask a questions. [Operator Instructions]. Please note, this event this event is being recorded. I would now turn the call over to Cal Evans, Head of Investor Relations to begin. Sir, please go ahead when you are ready.

Cal Evans

Thank you, and good morning. During today's call, we will reference the slides and press release that are available within the Investor Relations section of our Website, synovus.com. Chairman, CEO, and President, Kevin Blair will begin the call. He will be followed by Jamie Gregory, Chief Financial Officer, and they will be available to answer your questions at the end of the call.

Our comments include forward-looking statements. These statements are subject to risks and uncertainties, and the actual results could vary materially. We list these factors that might cause results to differ materially in our press release and in our SEC filings, which are available on our Website. We do not assume any obligation to update any forward-looking statements because of new information, early developments or otherwise, except as may be required by law. During the call, we will reference non-GAAP financial measures related to the company's performance. You may see the reconciliation of these measures in the appendix to our presentation. And now, Kevin Blair will provide an overview of the quarter.

Kevin Blair

Thank you, Cal. Good morning everyone and thank you for joining our first quarter 2023 earnings call. This last quarter has proven to be a challenging operating environment for the banking industry. However, once again we have seen the value and viability of mainstream banks like our who operate on a relationship base client model. Despite the media narrative that deposit outflows were rampant in regional banks, our core deposit balances were up in the first quarter and stable in the month of March, a testament to the value of our client base and our team members who serve as trusted advisors in both good and challenging times.