Senior Executive Vice President & Chief Banking Officer, First Horizon
Search every verified Anthony Restel interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Anthony Restel, Senior Executive Vice President and Chief Banking Officer at First Horizon, was referenced in a September 2024 CNBC interview with CEO Bryan Jordan. Jordan stated that the bank had "very good deposit growth in 2023 and very good retention of those deposits," and that it managed deposit costs to balance client compensation with balance sheet funding. He said the bank is "well positioned with a strong, stable funding base" and "a strong capital base to continue to be very aggressive in the marketplace" when opportunities arise. Jordan described the economy as growing at a "modest or slow pace" with "relatively tight" financial conditions)Skip. He said a neutral interest rate environment "serves us very, very well," noting that lower rates would reduce net interest income slightly but would boost countercyclical fee businesses like mortgage lending and fixed income distribution. Regarding credit quality, Jordan said losses were 23 basis points (about $38 million) and that the bank feels "very, very good about the outlook for credit," attributing rising nonperforming assets to "idiosyncratic stories" rather than broad economic issues. He also characterized the 2023 regional banking turmoil as "more a crisis of a few banks" that was "business model related."
“We had very good deposit growth in 2023 and very good retention of those deposits. We managed deposit costs carefully so we created a balance between compensating our clients fairly and at the same time funding our balance sheet.”
“Our capital levels have been strong and continue to build and we think we're well positioned with a strong, stable funding base, a strong capital base to continue to be very aggressive in the marketplace when we see good opportunities to support our customers and our communities.”
“I think it really is an economy that continues to grow at a fairly modest or slow pace. Financial conditions have loosened a bit, in my view, since the December FOMC meeting, but they're still relatively tight.”
“I'd say neutral serves us very, very well. We position our balance sheet to operate with rates up or down. And versus a lot of our regional peers, we tend to have a very balanced business model in terms of countercyclical businesses.”
First Horizon CEO Bryan Jordan joins 'Money Movers' to discuss how the company was able to put its strong quarter together, ...
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