“And then we expect a little bit of growth in the second half of the year and overall balances weren't going to do much for the full year.”

In context

“lie Scharf: Of course. Operator: The next question will come from John Pancari of Evercore ISI. Your line is open. John Pancari: Good morning. On the 2024 NII guide, I understand that you feel better about the NII outlook here but you're watching customer behavior. I know you did mention loan growth. Did you lower your loan growth outlook that's baked into that guidance this quarter versus what you had in there last quarter? And either way, are you able to help us with what that expectation is on the loan growth front? Mike Santomassimo: Yeah. John, it's Mike. What we said in January is that we expected loans to decline in the first half, and so that's about what we're seeing, right? So again, it's slightly lower than what we modeled, but it's pretty close to sort of what our expectation. And then we expect a little bit of growth in the second half of the year and overall balances weren't going to do much for the full year. And so at this point, could we be off on that a little bit? Maybe. And could it be a little lower? Maybe. Could it be a little higher? Yeah, for sure. And so -- but I think the more meaningful drivers this year of where NII ends up, it's going to come back to deposits, right? And what's the level? What's the mix? What's the pricing look like, given where the environment is? And I think that will be the more meaningful place to focus. John Pancari: Okay. And related to that, any deposit growth expectation that you could share? Mike Santomassimo: Yeah. I mean, I think again, it's -- our full year guidance that we gave you or assumptions we gave you in January, where we thought the commercial side would be pretty flat to where we are, to where we started the year, that's coming in slightly b”