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Synovus Financial's CEO Discusses Q2 2012 Results - Earnings Call Transcript

I will also add that we had a meaningful decline in inflows related to residential and land portfolios and Kevin will be happy to talk about that later in the Q&A, but again very pleased with the decline in NPL inflows.

Our overall NPAs continue their steady decline. We are still not proud of the overall level, but its nice to see a number that doesn’t start with a billion you will see in a second quarter, we ended with NPAs of $961 million compared to a $1,056 billion last quarter and compared to a $1,219 billion in the second quarter of 2011. That $961 is made up of $206 million in ORE, which declined from $220 million the previous quarter and $755 million in non-performing loans, which declined from $836 million in the previous quarter.

Read the rest of this transcript for free on seekingalpha.com

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