Associated Banc-Corp (NYSE:ASB) Q1 2023 Earnings Call Transcript

We’d like to fund that with customer growth as opposed to wholesale or network growth. But we’re comfortable in a short-term because we believe in those initiatives using those levers as long as it’s profitable.Andrew Leischner Okay. Got it. Thank you. And just one final quick one for me. What is your deposit beta assumption in your guidance?Derek Meyer Just north of 53% for interest-bearing deposits, around 40% for total deposits.Andrew Leischner Okay. Great. Thank you.Andrew Harmening Thank you.Operator And our next question comes from the line of Scott Siefers with Piper Sandler. Please proceed with your question.Scott Siefers Good afternoon, guys. Thank you for taking the question. I think most of my questions have been answered. But I was curious on the just a slightly reduced fee guidance.

Is that just a function of the [CPO] transaction? Or is there anything else underlying that?Derek Meyer No, most of that has to do with service charges on consumer with our free friendly rollout and then a little bit of ECR impact on the commercial side.Scott Siefers Okay. All right. Easy enough. That’s actually all I had. So thank you very much.Andrew Harmening Well, thank you. I think that concludes the questions that we have. Look, we appreciate the level of questions and we know that it’s been a dynamic quarter for everyone in the industry. We appreciate your continued interest. We welcome Brody for the first time. And certainly, Derek and Ben and I are available offline if there are follow-up questions. Thank you all.Operator And this concludes today’s conference, and you may disconnect your line at this time.

Thank you for your participation.