Synovus Financial Corp. (NYSE:SNV) Q4 2022 Earnings Conference Call January 19, 2023 8:30 AM ET

Company Participants

Cal Evans - Senior Director, Investor Relations

Kevin Blair - President, Chief Executive Officer

Jamie Gregory - Chief Financial Officer

Robert Derrick - Chief Credit Officer

Conference Call Participants

Steven Alexopoulos - J.P. Morgan

Brady Gailey - KBW

Michael Rose - Raymond James

Jared Shaw - Wells Fargo Securities

Brad Milsaps - Piper Sandler

Kevin Fitzsimmons - D.A. Davidson

Christopher Marinac - Janney Montgomery Scott

Operator

Good morning, and welcome to the Synovus Fourth Quarter 2022 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask a question. [Operator Instructions] Please note, this event this event is being recorded.

I would now like to turn the call over to our host, Cal Evans, Head of Investor Relations.

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 Web site, synovus.com. Kevin Blair, President and Chief Executive Officer, 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 Web site. 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. In many regards 2022 was a banner year for Synovus. We began last year with an investor day which affirmed to the market who we are and detailed our path forward to become a more innovative, resilient, and high-performing bank. As the year progressed, we faced an increasingly volatile operating environment. However, our team rose to the challenge, continuing to execute the plan laid out in February. Given our strong footprint, the ability to monetize rising rates and the performance of our business units, we've demonstrated, throughout 2022, our ability to execute and deliver profitable growth, resulting in top quartile return on average asset, and efficiency ratio levels as compared to our peers.