Financial Data and Key Metrics Changes - For the full year 2024, the company earned 6billion,or13.74 per share, achieving record revenue [5][6] - Net interest income grew by 113millionor395.33 [16][7] - The company returned approximately 900millionofcapitaltoshareholdersduringthequarterthroughdividendsandsharerepurchases[16][7]BusinessLineDataandKeyMetricsChanges−Feeincomegrewby62 billion, a 1% increase, while total revenue for the year was 21.6billion[28][25]MarketDataandKeyMetricsChanges−Averageloanbalancesremainedstableat319 billion, with a yield on total loans decreasing by 26 basis points to 5.87% [18][14] - Average deposits increased by 3billion,or15.2 billion [37][36] - The company has a high liquidity position, with a cash balance at the Federal Reserve of 38 billion [14][16] Q&A Session Summary Question: Industry deposit growth and trends in 2025 - Management expects industry deposits to grow slightly by 1% to 2% in 2025, with organic efforts in expansion markets performing well [47][48] Question: NII guidance and drivers - The guidance for NII is conservative, with expectations for a decline in the first quarter due to fewer days and lower seasonal commercial deposits [50][52] Question: Demand for lines of credit - Management noted that demand for capital is low across all segments, with utilization rates decreasing despite strong originations [85][104] Question: Fee income growth outlook - Fee income is expected to grow by approximately 5% in 2025, driven by various segments including asset management and capital markets [78][77] Question: Capital buyback plans - The company plans to sustain buybacks at levels between 100 million and $200 million, depending on loan growth [80][79] Question: Regulatory environment and M&A opportunities - Management believes it is easier to get deals approved but notes that many banks are currently not looking to sell, making acquisitions challenging [163][164]
