“Short answer is yes. On the continuation on the commercial side of the equation... So a combination of all these things, we think, persists into 2026, and so we're looking forward to that growth.”

In context

“ven that seasonality. But overall, if I just kind of look big picture on card 25 versus 26, we expect stability in that charge-off rate based on what we know today. Ken Usdin: Okay. Got it. Alright. Thanks, John. Operator: Our next question comes from Gerard Cassidy from RBC. Please go ahead. Your line is open. Gerard Cassidy: Good morning, Gunjan. Good morning, John. John Stern: Good morning. Gerard Cassidy: John, you talked about the commercial loan growth, and you talked a bit about commercial real estate. I think you said maybe the first time in the November, it may have seen a little bit of growth. Can you expand upon that for 2026 along with the commercial loan growth? Are the 10% year over year is quite nice. And can that continue, do you think, in 2026? John Stern: Thanks, Gerard. Short answer is yes. On the continuation on the commercial side of the equation. But let me start with the commercial real estate side. Since you talked about that, I'll mention that we do expect growth in the real estate line. As you said, the first growth that we've had in eleven quarters in that line item, which is great to see. I think what we're seeing here is the continuation of the pipeline building, particularly as it relates to multifamily and industrial. I think those have been strong areas of growth. And I would also say that paydowns have actually slowed down as well. Our office numbers, our CRE office has dropped $3 billion over the last three years and at a pretty rapid pace. And so that has started to slow down. So that has been helpful. I'll also say that this growth is not driven by data centers and things like that. We have less than a billion dollars of data centers in our portfolio, and we do select high quality in that sense. So that's kind of the story on rea”