Regions Financial Corp (NYSE:RFpC.PFD)

$ 23.85 0.02 (0.08%) Market Cap: - Enterprise Value: - PE Ratio: 13.55 PB Ratio: 1.29 GF Score: 80/100

Regions Financial Corp at Goldman Sachs Financial Services Conference (Virtual) Transcript

Dec 05, 2023 / 01:40PM GMT

Release Date Price: $20.37 (+0.94%)

Transcript

Ryan Matthew Nash

Goldman Sachs Group, Inc., Research Division - MD

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

Ryan Matthew Nash

Goldman Sachs Group, Inc., Research Division - MD

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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