Quarterly guidance

Average loans
Up approximately 2.5%
Net interest income
Up approximately 4%
Fee income
Up approximately 3.5%
Other noninterest income
Approximately $250 million
Adjusted noninterest expense
Increase approximately 5%
Net charge-offs
Approximately $250 million

Annual guidance

Average loan growth
Approximately 13.5%
Net interest income
Up 15.5%
Noninterest income
Up approximately 10.5%
Total revenue
Up approximately 13.7%
Noninterest expense
Up approximately 9.5%
Effective tax rate
Approximately 19.5%

Outlook

Economic assumptions
Base case assumes GDP growth above 2% in 2026 with modest job gains and steady unemployment.
Interest rates
Expects the Fed to increase rates two additional times with 25 basis point hikes in December 2026 and March 2027, reaching 4.25% to 4.5%.
Fixed rate repricing
Expects approximately $5 billion of fixed rate securities to run off during the fourth quarter at a weighted average yield of 2.65%.
Expense management
On track to reach the goal of reducing costs by $350 million in 2026 through the continuous improvement program.