First Horizon Corporation (NYSE:FHN) Q4 2023 Earnings Call Transcript

Hope Dmuchowski: We’re anticipating it declining Q1 modestly. We do have additional brokered we can pay off that was lattered out. If you look at our cash balance at the end of the quarter, the bigger piece will be what does low growth look like in Q1, right? Can we pay down brokered with the excess money when it comes due or do we put it to low growth? But I would say, 3.25% is definitely…

Brody Preston: Got it.

Hope Dmuchowski: … the high length and we’ll be bringing it back down until we see a rate decrease. We do believe we’ve hit the peak of our beta last quarter and that we’ll continue to bring it down. Again, not meaningful, but basic point here and there each quarter is what we’re targeting.

Brody Preston: Got it. All right. Thank you very much for taking my questions.

Bryan Jordan: Thank you.

Operator: We currently have no further questions, so I’d like to hand back the call to our CEO, Bryan Jordan. Please go ahead.

Bryan Jordan: Thank you, Bruno. Thank you all for joining our call this morning. We appreciate your interest in our company and you taking the time to join us. Please reach out if you have any follow-up questions or if we can provide any additional information. I hope everyone has a great day.

Operator: Ladies and gentlemen, this concludes today’s call. Thank you for joining. You may now disconnect your lines. Thank you.