The fourth quarter of 2023 included Federal Deposit Insurance Corporation special assessment expense of $19.9M, or 32c per diluted share. “The firm continued to execute on its strategic plan to deliver something unique and differentiated for our clients in the midst of tremendous industry pressure in 2023,” said Rob Holmes, President and CEO. “Continued client adoption of our broad platform coupled with significant structural improvements in our operating model and near record levels of capital and liquidity provide the foundation for long-term value creation.”
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