|
|  | | | Legacy of excellence. President’s Day is a national federal holiday originally established to honor the first U.S. president George Washington. North Florida woke up to another freezing cold front while kids slept in during their day off. TOC started the year with a new CEO and the grand opening of its Spine and Joint Surgery Center. Synovus reported earnings and financial results for the last quarter of 2024. Attention business owners looking to sell their business for maximum profit – check out the free conference hosted by Generational Group (for $1M+ Annual Revenue attendees only). Plus, a busy week for North Florida, check out events ahead. ✨
Quick SummaryFor the 334th issue, here’s what’s up: Healthcare: TOC | Latest Updates Finance: Synovus Financial Results for Q4 2024 Featured: Domi | Black History Month Networking + Business Events
|
| | |  | | 🎉 Tallahassee Orthopedic Clinic started the year with exciting developments. | Tallahassee Chamber
Tallahassee Orthopedic Clinic (TOC) was founded in 1974 by Drs. Doug Henderson and Tom Haney, making it the first medical practice in North Florida focused solely on orthopedics. They have over 284,000 annual patient visits that span across 10 regional locations, 100+ physicians and advanced practice providers. TOC physicians serve as the Official Team Physicians of FSU athletics, FAMU athletics, and TSC athletics. They recently announced the grand opening of its cutting-edge Spine and Joint Surgery Center, along with the appointment of Kelby Tardi as the new Chief Executive Officer. 🤩 The Spine and Joint Surgery Center is a state-of-the-art Ambulatory Surgical Center focused on providing top-notch care for spine and joint issues. The facility is a collaborative effort between TOC and HCA Healthcare. “The Spine and Joint Surgery Center represents a transformative step in orthopedic care for our region,” said Dr. Matthew Lee, Spine Surgeon and Managing Partner at TOC. “This facility is a testament to our commitment to providing the highest level of care, combining advanced surgical technology with a patient-centered approach to achieve the best possible outcomes.” The new CEO, Kelby Tardi, has been with TOC for 25 years, previously served as CFO, and has played a key role in the clinic's development and achievements. “I’m honored to step into this new role and continue TOC’s legacy of excellence,” said Kelby Tardi. “Our focus remains on innovation, patient care, and supporting the communities we serve. The Spine and Joint Surgery Center is just one example of our dedication to advancing orthopedic care.”
|
| | |  | | 💸 Synovus revealed its earnings for Q4 of 2024. | Business Wire
Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60B in assets. As of Dec. 31, 2024, Synovus has 244 branches in Georgia, Alabama, Florida, South Carolina, and Tennessee. Synovus is a Great Place to Work-Certified Company. 🥰 | Bank branches in Tallahassee Synovus has contributed over $11M in the last four years to various organizations across Alabama, Georgia, Florida, South Carolina, and Tennessee, as part of its commitment to the communities. 💝 "Over the past year, Synovus has successfully implemented our relationship-building strategies, resulting in strong growth across core commercial lending, deposits and key fee-producing businesses. We maintained strict control over operating expenses, saw improvements in loan losses and increased our Common Equity Tier 1 ratio1 to the highest level in over 10 years. This momentum, as well as our financial position and accelerated growth orientation, positions us well for continued success in 2025 and beyond,” said Synovus Chairman, CEO and President Kevin Blair.
🔑 Q4 2024 Highlights: Net income available to common shareholders was $178.8M, or $1.25 per diluted share, up 6% sequentially, and up from $60.6M in Q4 2023. Net interest income increased $14.3M, or 3%, compared to the prior quarter and was up $17.8M, or 4%, compared to Q4 2023. Core deposits, which excludes brokered deposits, increased $1.13B, or 3%, sequentially. Total deposits ended the quarter at $51.10B, an increase of $901.6M or 2% sequentially. Non-interest revenue of $125.6M rose 1% from Q3 and increased $74.1M, or 144%, compared to Q4 2023. Non-interest expense of $309.3M was down $4.4M, or 1% sequentially. Credit quality ratios remain healthy. The non-performing loan and asset ratios were both stable at 0.73%; the net charge-off ratio for the quarter was 0.26%, and total past dues were 0.26% of total loans outstanding. Provision for credit losses was $32.9M, up $9.4M sequentially and down from $45.5M in the Q4 of 2023. The CET1 ratio1 increased sequentially to 10.84% as strong earnings accretion more than offset approximately $50M in common share repurchases during Q4.
Fun Fact: This year, Synovus received a Bronze U.S. President’s Volunteer Service Award from Junior Achievement USA. Also, the Chairman, CEO and President Kevin Blair and Director Pedro Cherry were among Georgia Trend Magazine’s 2025 100 Most Influential Georgians. 👏 |
| | | | | EVENTS NETWORKING + BUSINESS |
|  | | Tuesday, Feb. 18 10th Anniversary Summit on Children by CSC of Leon County | Tuesday, Feb. 18 | 5:30 PM | 2002 Old Saint Augustine Road Bldg. A, Suite A-50 | Free Learn More Forty under 40 by News Service Florida | Tuesday, Feb. 18 | 6:30 PM | DoubleTree by Hilton Tallahassee, 101 S. Adams St. | Register Beyond the Basics - Onboarding by Tallahassee Chamber | Tuesday, Feb. 18 | 8 AM | Hotel Duval | Free for Members, $15 for Non-Members Register
Thursday, Feb. 20 AI Webinar Class with OpenOcean's Logan Higuera by Domi | Thursday, Feb. 20 | 6 PM | Webinar | Free Reserve a Spot Gainesville Tech Week Flagship Event by OneSixOne Ventures | Thursday, Feb. 20 | 10 AM | Ben Hill Griffin Stadium, 157 Gale Lemerand Drive Gainesville | From $50 Tickets
Tuesday, Feb. 25 Featured Event: How and When to Sell Your Business for Maximum Profit Conference by Generation Group | Tuesday, Feb. 25 | 7:30 AM | Hotel Duval | Free Learn More 2025 Local Real Estate Outlook: NEBA February Luncheon | Tuesday, Feb. 25 | 11:30 AM | Capital City Country Club, 1601 Golf Terrace Dr. | $25 for Members, $35 for Non-Members Register
Wednesday, Feb. 26 Tabling at Art + Entrepreneurship Expo by Domi | Wednesday, Feb. 26 | Follow their socials for updates: LI, IG, and FB
Thursday, Feb. 27 Tuesday, Mar. 4 |
| | |  | Get ready for an exciting session tomorrow on LinkedIn, Facebook, or YouTube, powered by JH Creative channels. We are excited to have Randall Thomas, Board of Director at PS27 Foundation. Got questions? Join us live!
- Team CityClips (editors@cityclips.net) |
| | | ✨ We love it when people send us their stories, updates, and events! Have a relevant topic, press release, or event for us? Please submit info via form here. Note: We may not be able to publish items submitted. |
| | | |
|
|
|
| |
|
