Noninterest expense increased $8.5 million to $108.3 million for the first quarter, up from $99.8 million in the prior quarter primarily due to the $7 million increase in other expenses comprised of the $5 million legal reserve associated with the ongoing regulatory matter, the $3.2 million related to the gain recorded in the prior quarter related to the sale and leaseback of an office building, partially offset by lower teammate and travel costs.

Apr 25, 2023 / CEO / receipt, needs a key / John Asbury, CEO | earnings call 2023-04-25 | transcript de495fb4-0422-456b-95c9-d4b8959e679b | chars 21668-22119 | segment 21

The combined effect of our past expense management actions, upper single-digit loan growth, asset sensitivity in a rising rate environment, a deposit base that is heavily weighted to transaction accounts, and strong asset quality track record all give us confidence in our ability to continue to generate positive operating leverage and differentiated financial performance while meeting our top tier financial targets in the fourth quarter of 2022 and in 2023.

Oct 20, 2022 / CEO / receipt, needs a key / John Asbury, CEO | earnings call 2022-10-20 | transcript 9a7d5ee8-83dc-4a28-ae8e-5d17177d2952 | chars 10111-10572 | segment 9

Over the past two weeks, I've traveled extensively across our franchise, meeting with clients, business leaders, and our teams.

Jul 21, 2022 / CEO / receipt, needs a key / John Asbury, CEO | earnings call 2022-07-21 | transcript 3f132fa8-3936-486d-8721-23fa19bcf9ce | chars 5453-5580 | segment 5

We restricted travel and in-person meetings on March 6th.

Apr 28, 2020 / CEO / receipt, needs a key / John Asbury, CEO | earnings call 2020-04-28 | transcript f6d29590-54f7-4aac-90e2-27a5e7b15ce0 | chars 5181-5238 | segment 5