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Sort of the rotation of customers across products. And then the second is competitive pricing. And within that, I would include the notion of just deposit pricing lags that we've talked about.
And so for us, the quarter-over-quarter beta with that lag effect was something like 160%.
Our cumulative beta now stands at [ $57 million ].
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2023 Q3
29 Oct 23
The first is product mix.
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2023 Q3
29 Oct 23
The first is product mix.
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2023 Q3
29 Oct 23
there's really a couple of key factors that are impacting betas
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2023 Q3
29 Oct 23
The spend on the -- at the lower end of the marketplace is certainly probably the most moderated
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2023 Q3
29 Oct 23
Year-over-year spend growth per customer has been roughly flat for several months.
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2023 Q3
29 Oct 23
spend per customer, this has really moderated after the surge of spending coming out of the pandemic
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2023 Q3
29 Oct 23
over the last few months, our delinquencies in these segments have essentially stabilized
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2023 Q3
29 Oct 23
we are seeing stabilization come more quickly at the lower end of the market
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2023 Q3
29 Oct 23
When credit first started to normalize, we called out that this trend was more pronounced at the low end of the market
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2023 Q3
29 Oct 23
Everything had caught up.
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2023 Q3
29 Oct 23
if you look at for any segment where it's credit metrics were relative to like its delinquencies, for example, relative to pre-pandemic every segment was kind of on top of each other
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2023 Q3
29 Oct 23
credit trends continued to normalize in the quarter and we reached or were approaching pre-pandemic levels at quarter-end
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2023 Q1
23 Jul 23
We continue to assume economic worsening from today's levels on most measures.
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2023 Q1
23 Jul 23
The auto charge-off rate for the quarter was 1.53%, up 87 basis points year-over-year. The 30-plus delinquency rate was 5.0%, up 115 basis points year-over-year. Compared to the linked quarter, the charge-off rate was down 13 basis points and the 30-plus delinquency rate was down 62 basis points. The linked quarter trends were consistent with expected seasonal patterns.
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2023 Q1
23 Jul 23
In the first quarter, auto originations declined 47% year-over-year and 6% from the linked quarter. Driven by the decline in auto originations, Consumer Banking ending-loans decreased $2.2 billion or 3% year-over-year.
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2023 Q1
23 Jul 23
First quarter ending-deposits in the consumer bank were up almost $33 billion or 13% year-over-year and up 8% compared to the sequential quarter.
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2023 Q1
23 Jul 23
Our strong retail deposit growth drove our percentage of FDIC insured deposits up 2% to end the quarter at 78% of total deposits.
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2023 Q1
23 Jul 23
Total deposits grew throughout the quarter, increasing 4% on average and 5% on an ending basis. The increase in deposits was driven by strong retail deposit inflows, which was slightly offset by a decline in our commercial deposits.
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2023 Q1
23 Jul 23
ending loans and deposits were down compared to linked quarter, reflecting our cautious stance in the commercial banking marketplace
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2023 Q1
23 Jul 23