Is there a bias either to the upside or downside within that range right now?Zach Wasserman When we set these ranges, we try to set them with our general expectation to be the right at the midpoint. So that’s kind of the baseline expectation. I think kind of what — the puts and takes that would take you to the high and the low end codes volume on one hand just sort of the shape of the yield curve and the competitive drive on the other hand. So it’s hard to generalize, but we feel quite good about landing in that range at this point, and that’s what we’re driving for.Steven Alexopoulos Got it. And is the way we should think about it, so if we’re at the low end, say, of the NII range, should then we should be at the low end of the expense guidance?
Should we just connect those 2?Zach Wasserman Generally speaking, that is the way we think about it. We throttled the expense growth based on where the revenue trajectory is going. And that’s why we try to have a really disciplined forecasting process with as we’ve said, multiple economics in there so we try to do that. Obviously, the expense level takes some time to pull. And so you need to have a good line of sight to where that’s going and it’s possible if there’s a rapid move but a surprising movement, but that’s not possible at given short time period, but over the longer term, yes.Steven Alexopoulos Got it. Okay. So maybe just one last one for Steve. Just following up on your response just now to Jon’s question, given the speed at which deposits went out, Silicon Valley Bank, when you look at that, do you view that from a distance as a unique one-off event?
Or are there lessons that you’re now applying the way you think about managing capital risk, liquidity that even a stable regional bank like yourself will change potentially fairly materially than the aftermath of what we just saw? Thanks. Steve Steinour Steve, I think there are always lessons learned. But the business model is of SVB and Signature were so different from us and other regional banks, but particularly from us. The concentrations of the uninsured deposit level of 95%, just in retrospect, it seems rather clear that the liquidity risk was very, very different and a huge miss combined with their asset liability. In terms of lessons for us, even that much more aware of liquidity. We’ve always seen this as a prime risk. We’ve always had good back up, and we’ve been very granular and advantaged to have that best-in-class uninsured to total deposit ratio.
But we’ll probably be even more cautious, not probably, we will be even more cautious given the speed at which things move as we go forward. Having said all that, we’re in a very strong position today. We expect to grow deposits as we continue through the year. And so it’s like extra vigilance. We may give some policy adjustments to reinforce and strengthen further, but that will be of a minor nature, I don’t think it will impact our performance.Steven Alexopoulos Okay. Thanks for taking my questions. Zach Wasserman Thank you. Operator And ladies and gentlemen, we have reached the end of the question-and-answer session. I would like to turn the call back to Mr. Steinour for closing remarks.Steve Steinour So thank you very much for joining us today.
And as you’ve heard, we’re operating from a position of strength with the foundation that’s been built over a long period of time. We’re very, very focused on continued growth and intend to be opportunistic. We’re confident in our ability to continue creating value for shareholders. And as a reminder, the Board executives and our colleagues are a top 10 shareholder collectively, reflecting our strong alignment with our shareholders. So thank you for your support and interest in Huntington. Have a great day.Operator Thank you. This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.
