Regions Financial Corp at Goldman Sachs Financial Services Conference (Virtual) Transcript
Up next, we're excited to have Regions Financial joining us. Regions has continued to navigate the environment better than most, demonstrated by having the lowest deposit cost in our coverage. In addition, they benefit -- they've positioned the balance sheet to benefit when rates are eventually cut due to their dynamic hedging program, which I'm sure we'll maybe talk a little bit about.
Here to talk about the strategy is President and CEO, John Turner; also joining him is Treasurer, Deron Smithy.
Questions & Answers
So maybe to just kick it off, John, 2023, I think, was a year that was different than I think most of us were expecting when we were sitting here a year ago. Post bank failures, we've seen funding costs increase substantially, and we've seen banks move to shore up the capital basis, and we've also had a wave of regulations.
As I said, you've weathered the environment better than most.
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