Bank's Robert H. Gaughen Jr. attributes 2023's lower returns...

Bank's Robert H. Gaughen Jr. attributes 2023's lower returns to increased short-term interest rates and yield curve inversion. He forecasts better returns from higher rates on new loans and diminishing funding pressures as Federal Reserve adjusts short-term rates, despite present challenges. Focus shift is made to capital allocation, defensive underwriting, and disciplined cost control amid varying economic cycle stages.