Regions Financial Corp Q2 2023 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Quick question. Question is clarifying sort of the statements on NII, David. So based on your guidance, the fourth quarter 2023 net interest income quote exit rate will be somewhere between $1.31 billion and $1.32 billion. Sort of based on what you're telling us, should we expect perhaps a step down in the first quarter due to day count. And like you said, the continuation of beta creep, but then would there be stability from there or an opportunity for reprice if the Fed cuts? I'm trying to just triangulate your comments on NIM, which are very helpful to the NII quarterly cadence.

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Got it. And could you remind us sort of how much in total is the check fraud as you have in your expense base for 2023. And as we think about your natural (technical difficulty) run rate?

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Got it. And if I could just squeeze one more in, and this is for John. We're sitting here now July 21, 2023, and your firm is in a position of great strength. I'm wondering -- and I'm asking about organic opportunities. I don't think I'm wrapping an M&A question around this. But as you think about [as you] go on more stringent RWA diet -- than you -- given where your capital is today, how are you thinking about playing offense as we think through all the changes. How do you leverage that deposit base that will stay inexpensive and the capital that seems to be building nicely in the credit that seems relatively stable.