“Total non-interest expense as adjusted is expected to be in the range of $4.3 billion to $4.4 billion, inclusive of approximately $120 million of core deposit intangible amortization related to Union Bank.”

In context

“ny totaled $4.3 billion in the first quarter, including $546 million from Union Bank. Non-interest expense as adjusted increased 9.1% on a linked-quarter basis largely driven by the impact of two additional months of Union Bank's operating expenses, core deposit intangible amortization and higher compensation and other non-interest expenses. I will now provide second quarter and updated full year 2023 forward-looking guidance on Slide 18. Starting with the second quarter of 2013 guidance, we expect average earning assets of between $600 billion and $605 billion in the second quarter and a net interest margin of approximately 3%. Total revenue, as adjusted, is estimated to be in the range of $7.1 billion to $7.3 billion, including approximately $85 million of purchase accounting accretion. Total non-interest expense as adjusted is expected to be in the range of $4.3 billion to $4.4 billion, inclusive of approximately $120 million of core deposit intangible amortization related to Union Bank. Our tax rate is expected to be approximately 23% on a taxable equivalent basis. To date, we have incurred $573 million in merger and integration costs and anticipated charges of between -- and anticipate charges of between $250 million and $300 million for the second quarter. We continue to estimate total merger and integration costs of approximately $1.4 billion, consistent with earlier guidance. I will now provide updated guidance for the full year. For 2023, average earning assets are now expected to be in the range of $600 billion to $610 billion. We expect the net interest margin to be between 3.0% to 3.05% for the full year. Total revenue as adjusted is now expected to be in the range of $28.5 million to $30.5 billion, inclusive of approximately $350 million of full year purchase ac”