“I think it will still be pretty moderate. I wouldn't expect huge growth in loans over the rest of the year. And embedded in our guidance is some low-single-digit growth rate in terms of loans for the year.”

In context

“the NII drivers, can you maybe give us an updated expectation on how you're thinking about loan growth here as you look through 2023. I know you cited some of the pressures on the consumer side, but some of the favorable trends still in commercial. And then separately, on the deposit side, do you have an updated expectation regarding your total deposit beta as you see pricing pressure continue? Mike Santomassimo: Yes, thanks. So, on the loan side, I think we're definitely seeing pockets of growth in places like the commercial bank, and that's been pretty consistent now for a couple of quarters. It's not -- but the overall growth rate across total loans has moderated for the last three quarters, and -- which is exactly what we thought might happen when we were talking last summer. And so, I think it will still be pretty moderate. I wouldn't expect huge growth in loans over the rest of the year. And embedded in our guidance is some low-single-digit growth rate in terms of loans for the year. And so, I think that's what we're assuming there. What was the second part again, John? Sorry. John Pancari: Yes, it was around the update… Mike Santomassimo: Deposit beta, sorry. John Pancari: Yes. Mike Santomassimo: Yes. No. Look, on the deposit side, to date, betas have played out almost exactly what we thought -- how we thought they would. And I think from here, the path of rates will matter. Competition will matter. And so, as I mentioned earlier in the call, we're still assuming it's going to be pretty competitive when we give you the guidance that we gave you. And I think we may find that hopefully that it gets -- that maybe we're being a little conservative there, but we do think at this point, it will still be competitive. And I think the betas will be pretty reasonable, though o”