Synovus Financial Corp.

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, President, and CEO Kevin Blair will begin the call. He will be followed by Jamie Gregory, Executive Vice President and 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 risk 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.

Thank you, Jennifer. Last night we were pleased to release strong second quarter 2025 results. Synovus reported gap in adjusted earnings per share of $1.48. Adjusted earnings per share increased 14% from the first quarter and jumped 28% year-over-year, while adjusted pre-provision net revenue rose 5% sequentially and grew 7% from second quarter 2024. Our year-over-year earnings growth was primarily attributable to healthy net interest margin expansion lower provision for credit losses, and continued operating expense discipline. On a linked quarter basis, loan growth was strong and broad-based, while loan production was the highest it's been since the third quarter of 2022. Also, net interest margin expanded modestly and capital market fees rebounded. While expense growth was well-controlled, net charge-offs declined and capital ratios moved higher. Importantly, we continue to execute well on our 2025 strategic initiatives, which includes our accelerated hiring of relationship managers. Through the second quarter, we are on track with this program, adding 12 new commercial bankers. During June, we issued press releases, which highlighted our new hires across the footprint, and we continue to have a robust pipeline of talent slated for expansion in the third and fourth quarters. Moreover, Synovus continues to provide exceptional client service as evidenced by our performance in the most recent J.D. Power survey. We had the sixth highest net promoter score amongst the largest 50 banks by asset size, with Synovus posting the largest year-over-year increase amongst the same group of 50 institutions. Our second quarter client survey conducted over the last month continues to show general optimism for future business growth despite concerns regarding government fiscal and trade policy actions. we continue to maintain close communication and dialogue with our clients as they navigate the more uncertain tariff environment and geopolitical backdrop. Moreover, we have augmented our survey and client contact efforts over the second quarter to yield a more effective industry intelligence. In summary, I'm incredibly pleased with our performance this quarter and the strong trajectory we're on. We saw a 60% year-over-year increase in total funded loan production in the second quarter, coupled with a continued decline in net charge-offs and broad-based expansion across our fee income categories, all of which underscores the momentum we built and reflects the strength and the diversity of our growth. And we have achieved these results while setting new high-water marks for our capital ratios, demonstrating both the resilience and the discipline of our strategy. Now, Jamie will review our second quarter results in greater detail. Jamie?

Thank you, Kevin. Synovus generated positive operating leverage in second quarter 2025. Adjusted revenue increased 3% from the first quarter, while adjusted non-interest expense grew just 1%. On a year-over-year basis, adjusted revenue increased 5%, while adjusted non-interest expense rose 3%. Net interest margin expansion drove 6% year-over-year net interest income growth in the second quarter. On a sequential basis, the NIM expanded two basis points to 3.37%, benefiting from a decline in our cost of deposits, fixed-trade asset repricing, hedge maturities, lower cash balances, and a stable Fed Funds environment. Period-end loan balances were up $888 million, or 2% from the first quarter. Loan growth continues to be led by our high-growth verticals, which increased $502 million in the second quarter. Specialty lending rose $353 million sequentially, driven by growth in structured lending and restaurant services lending, further supported by corporate and investment banking loans, which were up $159 million. Also of note, our commercial bank line of business within the community bank grew loans by $111 million. Total loan production trends remained healthy, as funded production increased 34% quarter over quarter and 60% year-over-year. In fact, as Kevin mentioned, our loan production was the highest it's been since the third quarter of 2022. Core deposits declined $788 million, or 2% from the first quarter, which included a $405 million drop in public funds. Time deposits and interest-bearing demand deposits declined, partially offset by $115 million of growth in non-interest-bearing deposits. Also, broker deposits were down $130 million. Turning to funding costs, our average cost of deposits declined four basis points to 2.22% in the second quarter. This deposit cost improvement represents a total deposit beta of 50% through the recent easing cycle, compared to our guidance of 40 to 45%. Adjusted non-interest revenue was $131 million, which increased 12% sequentially and grew 3% year-over-year. Link quarter growth was primarily attributable to a sharp rebound in capital markets fees, a 2% increase in wealth management income, seasonally higher commercial sponsorship revenue, and a $2 million bully gain. On a year-over-year basis, we generated 9% growth in core banking fees, partially offset by lower capital markets revenue. We remain very disciplined with non-interest expense control. Adjusted non-interest expense rose just 1% on a linked quarter basis and increased 3% year over year. Excluding FDIC special assessment reversals in the second quarters of 2024 and 2025, adjusted non-interest expense increased just 2% year over year. Sequential growth was driven by higher employment expenses partially from a full quarter impact of our 2025 merit increases, as well as the initiation of new projects and a $1 million contribution to the donor advised fund. This growth was partially offset by lower FDIC premiums, consulting fees, and operational losses. Year-over-year non-interest expense growth was primarily attributable to higher employment expense, partially offset by lower credit-related legal costs and operational losses. Our results demonstrated continued strength in credit performance, with a net charge-off of $18 million, or 17 basis points, better than our previously communicated guidance of around 20 basis points. Non-performing loans improved to .59% of total loans, down from .67% in the first quarter. The allowance for credit losses ended the quarter at 1.18%, compared to 1.24% in March. The allowance for credit losses declined, due to positive credit trends within our loan portfolio, partially offset by a more adverse economic outlook. We continue to be diligent and proactive with credit risk management and remain engaged in multiple efforts to identify risks associated with recent policy changes. Finally, our capital position remained strong in the second quarter, with the preliminary common equity Tier 1 ratio at 10.91%, and preliminary total risk-based capital now at 13.74%. This is the highest CET1 ratio in our company's history. Our healthy earnings profile continues to support our capital position, leading to slightly higher capital ratios inclusive of about $21 million of share repurchases completed in the second quarter. I'll now turn it back to Kevin to discuss our 2025 guidance.