Chris Holmes: Yes, we do. Actually, I think it’s potentially achievable. The key is what happens on the revenue side. We’re going to continue to manage the expense very closely and tightly throughout 2024. And frankly, every day, always, we want to make sure that we’re doing that. And so it’s a little bit dependent on the revenue side, what happens with the margin, what happens with some of our other income source — other revenue source of that mortgage growth.
Feddie Strickland: Got it. Thanks for taking my question.
Chris Holmes: Appreciate it, Feddie.
Operator: The next question comes from Steve Moss of Raymond James. Please go ahead.
Steve Moss: Good morning, guys.
Chris Holmes: Hi, Steve.
Michael Mettee: Good morning.
Steve Moss: So just following up here on a couple of things. Maybe just where — on loan pricing, just curious what you guys are seeing for new and renewals with regard to C&I and CRE loans these days.
Michael Mettee: Yes. Steve, it’s Michael, and Travis you jump in here whenever. But new loans commitments coming in about over 8% still. I think we’re about 8%, 10% in December. So, you know, when Scout was asking earlier about surprises for the year. I mean, we did — we have seen our customers adjust up to, you know, the new normal, which is 8% plus on loans and commitments. And so that has been a positive, been that way for the better part of the back half of the year for sure. And we continue to see that. Even though kind of longer term treasuries have come down, it hasn’t adjusted kind of loan pricing the way we see it, which is typically more towards the short end of the curve. So Travis, anything you’d add to that?
Travis Edmondson: No, I think that’s spot on.
Steve Moss: Okay, that’s helpful. And then just curious, Chris, you spoke earlier in the call about M&A and your expectations for transactions to increase your next 12 to 18 months. Just curious, has the pace of discussions, you know, picked up here since October, November?
Chris Holmes: No, it has not. As a matter of fact, probably the last discussion, I’d say over the — you get in the holidays and not a lot of discussion. So for us anyway, keep in mind this is research of one here. You’ll hear from others as we go throughout earnings season, but we haven’t seen a pickup really, to be just, I mean, that’s all I’d like to see if we haven’t seen the pickup in conversation.
Steve Moss: Okay, great. Well, most of my questions and asked and answered, so really appreciate all the color here.
Chris Holmes: All right, Steve.
Michael Mettee: Thanks, Steve. Thank you.
Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Chris Holmes for any closing remarks.
Chris Holmes: All right. Thank you all very much for joining us. Again, we always appreciate your interest and support, and we will look forward to a great 2024. Thanks, everybody.
Operator: The conference is now concluded. Thank you for attending today’s presentation and you may now disconnect.
