“No, we feel good about the net interest margin expansion that we've seen so far. If rates resume a hiking pattern you'll see even more expansion.”

In context

“Mike Verdeschi: Thanks for the question. Keep in mind that we'll have to see how the rate path plays out. Right now we were assuming one hike. That hike was for the December meeting so you're not seeing that incremental pickup in 2026. If that hike were to occur it's going to be impacting the financials in 2027. No, we feel good about the net interest margin expansion that we've seen so far. If rates resume a hiking pattern you'll see even more expansion. Again, that lending activity has been strong. That comes with incremental spread relative to securities. We continue to see cash build organically as well. Again, we've seen growth in the first half of the year despite the seasonality of one Q and two Q. We think we are well positioned to see that continued margin expansion through the rest of the year and beyond. Again, there'll be puts and takes, overall, we feel really good about the trajectory.”