Associated Banc-Corp (NYSE:ASB) Q4 2023 Earnings Call Transcript

Derek Meyer: Yes. What is fair to say, Brody, despite my snarky comment there, was the spreads that we’ve seen, and I’ve talked about the sweet spot has been getting sweeter, I think I’ve said that a couple of times; it really did stay that way fourth quarter, and it has stayed that way now. So the inputs that are driving that sequential type of rate increase are still strong.

Brody Preston: Got it. Most of the book — is most of your auto business is used autos?

Patrick Ahern: No, maybe two-thirds or so. 70%, I think, in the last quarter, was what we saw in the used stuff.

Brody Preston: Awesome. Thank you very much for taking my question.

Andrew Harmening: Thank you, Brody. Well, look, I think that’s all the questions we have tonight. We really appreciate your interest. We’re bullish on the plans that we have, and we’re glad that we could explain the story of 2023 and frankly, ready to turn the page and get into 2024. Thank you, everyone. Have a great night.

Operator: Thank you. This concludes today’s conference. All parties may disconnect. Have a great day.