“We think that probably moderates a little bit from what we saw in the first half of the year, but you'll see some loan growth there as well as it steps up.”

In context

“on the NII revised outlook. What kind of cadence do you see between the next two quarters? It seems like you'd have a big step-up both this coming quarter and the third quarter and then again in the fourth? And then within that NII equation, if you still have this funding gap between loan growth being very strong and deposit growth slowing, is there still plenty of cash to use to fund the loan growth? Thank you. Mike Santomassimo: Yeah. Sure. I think, ultimately, the exact progression over the next couple of quarters will be a function of how the Fed moves on rates. But I would think of it as somewhat of a ratable step up quarter-to-quarter. So not -- you won't see some outsized results in one versus the other as we go. And you'll continue to see a little bit of loan growth come through. We think that probably moderates a little bit from what we saw in the first half of the year, but you'll see some loan growth there as well as it steps up. And as you say, I think the industry has seen deposits come down a little bit. If you look at the latest version of the Fed data, and you can see that in our results as well. Now for us, it's been a little bit of -- you can see the period end balances in each of the segments, and it's been a little bit of reduction in each of them with the lowest percentage reduction being in the consumer space. So that's a good thing. And as you know, we -- over the last couple of years, we've brought down much of our wholesale funding that we've got out there. And so we've got plenty of capacity to provide liquidity or get the liquidity we need to continue to support clients. John McDonald: So that loan growth funding is coming from your cash balances and other sources of liquidity that you have? Mike S”