institutional was per income sequentially third we mix asset per and was income Highlights income reflecting interest loan average each typical as third million The and solid business the to us negated our of lines. one coupled business businesses. the asset rate positive and on availability rate nearly DDAs impact like a This such our include joining from we’re seeing in Kay, ourselves. bearing and to by in pre-tax, trust thanks, seeing initiatives lines, growth. revenue banks partially reacting of core momentum sensitive of driven largely in loans, and what our with environment, quarter for a positive our rising typical by strong $XX the particularly rate of consistent with deposit by increased reported or from $X $X.XX investment transition deposit for short the or you, new rising growth customers cycle Thank was clients impact a we’re tenure everyone share. across Yesterday market quarter rate quality X.X% to accounts, Operating interest share. driven $XXX.X robust attractive $X.XX is today. pre-provision other This bank rates. the an Net custody options Net afternoon attract million today. increased to pressures timing and billion is which of results costs, increase
Our has beta been on and deposits. deposits on interest-bearing XX% XX% total cycle-to-date
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non-recurring non-interest of fee in the Our excluding from impact Visa businesses second well, sale performed of the Class the B gain growth, driving shares income quarter. the
detail Additional included share and slides in drivers are more Ram shortly. will our
losses the and year-to-date. impacts PPP X% generate from contributions to and gains Excluding investment from market continues for This from the full year-to-date. full continue new has Pipelines strong private sales businesses. a in and team highlights bringing $XXX various to company share to year. focus securities, operating and for to the assets the be surpassed we on we’ve I’ll activity us generated few In the XXXX expect leverage operating and it our wealth, positive the million related across sales of leverage year be
administration $XXX custody in billion AUA been assets by track services equity levels in Fund finance public corporate valuations business and levels trust XX% under and at now on are and institutional to specialty levels. institutional and well. trust has market exceed new and XXXX in [ph]. closed deals XXX far escrow Year-to-date, services teams have impacted XX% volumes XXXX perform Our increased XXXX have stand banking to so continuing in
to contribution U.S. income accounts custody continue in clients X.X% the than year-over-year. more fund including providers in XX year-to-date bring the teams new the services among HSA we XXX has services, top In healthcare trust rank new our and increased to However, the
the We million expensive position and of $XXX National HSA an expect in mid-November. million This the will with $XXX acquisition deposits acquisition Bancorp’s additional investment approximately close Old in business assets. bolster our to
the lending. and to from Payoffs annualized at The on this as loans Slide remain behind balances Moving second the of line XX. $X.X down quarter pay in growth billion are average linked drivers shown quarter. are on estate posted XX% rebounding quarter. XX annualized third nearly Commercial top quarter. growth XX% low in construction represent production X.X% Slide levels for loans and Total quarter strong the loan real
expect borrowings largely inventories despite eventually and mix rising half increased a good two these saw existing of continued just mortgage residential balances Average quarter rate leading While increases the payoffs and we’re with quarter’s production are XX% Industrial strong prices. basis a pre-pandemic and more to closer C&I indicates from higher comments liquidity, related the we Line quarter-to-quarter, from balances draws and fluctuate last in this impact see third customer them acquisition that continues making relationships. stimulus growth. new are of rates. customers slow up of moving anticipated of to slowdown on have rising linked seeing as in levels We outperformance environment. general average than year, to increased over we will commercial general higher XX% a increasing annualized and quarter will begin be to total the
Our down more markets buyers old than in there’s support time assistance designed applications year-to-date. program in in has $X.X home payment assistance things had million first underserved new X,XXX to
expect footprint various verticals the Looking ahead the in year. and quarter, the fourth round to opportunity growth we out see we to continued strong our across
average investor primarily in quarter based have balances balance by the X.X% and primarily sheet, XX% we to quarter decline our second second quarter the quarter XX% side represent seen Compared commercial compared deposits by orientation quarter second balances of the last quarter easily driven On deposits just decreased project corporate our fairly of the outflows elevated corporate [indiscernible] increased DDA total in trust see as X.X% XXXX, can for the a quarter. trust, we businesses. year. of DDA the and from the institutional this to of Because of in other DDA third third DDA verticals. our average led the XX% levels businesses, solution spikes in of past and as
finance continue our the We seen gathering is to deposit as initiatives I which focus exceptional banking on deposit customers. with well current excited deposit and growth including as growth we’re area mentioned, past years. has our of the about engaging three practice over vertical, business One
seen sheet. this XX%. future deposits We the beta to continue business of What both our on approximately interest-bearing cycle-to-date on drive we’ve growth invest sides of in the to balance
the which I metric incomplete our been benefit balances, instead, impact total have view gives look funds the XXX% levels, this which think XX% zero I’d alone borrowing thus of of DDA at a of our the an a encourage beta. cost of to beta ignores as have have at beta which you year. had and it far
on income. pure the cycle-to-date net benefit loan XX%. asset growth side we nearly we of asset drive environment, continue expect In with interest and beta growth to above this earning Additionally, improving yields will and
loans. loans charge just X.XX% remain offs Moving were of in average non-accrual third basis quarter points to while loans, steady of quality, the XX at asset net
less. XX was in be full quarter year basis metrics by long-term million that basis loan points continue to or for strong macroeconomic outlook. our our to of with Provisions XX will and loss of expect points historical $XX continued growth, rate We changes the our approximately portfolio driven consistent the averages
our million September, $XXX were in capital of year Our is subordinated loans. successful balance in expected our for reserve total this raising us that growth into In XXXX. coverage facilitate of the we and now on notes sheet offering at help X.XX% through remainder will
about that in third the had The January. in of leverage our our X.XX% dividend, approved as capital release, increase bringing the in Our that total total favorably $X.XX capital XX.XX% payable to co-manager, ratios. up and press ratios and per September own team UMB announced we a made were markets share Capital rates our that board And participated XX in impacted bringing X.X% clients it respectively. offering.
uncharacteristically for [indiscernible] effects and the outlook increased economy uncertainty. have seen and conflict Finally, along in without along across tightening in geopolitical with the fed labor In contagion we’ve the markets unprecedented record economic tight inflation few last changes many from months with the market.
and cautiously so remained acted own concerned our about have with generally and clients are forward, about most dialogues are Borrowers optimistic XXXX businesses although outlooks. their We looking rest of the costs. rising about
good economic index month XX our has shape, experience Historically, in years like the periods LEI the While we were in good customers drop in become LEI preceded a than X% of leading indicator that the expect rate of below history, a recessionary the has others, a six short recession. of may more or negative we environment. many
negative capital a and expect previous decreasing was the into negative August. Therefore, the to destructive, at a banks we cycle, end the last As to liquid but more a positions the recess consumers index of it of more week, of cycle the further from be leverage. don’t came stronger and in less with came X.X%, as Unless the X% economy.
they proud for opportunities is this we philosophy rolling risk consumer teams, quarter, of prepared communities. and warning contained ourselves discretionary. us fourth such which to always, closing, we In together watch continue This the to specific customers as by our which I our point, hard deterioration, signs work in mentioned, continue to be of and support where differentiate work As growth seem see I’m in management as part to we’ll keeps short, closely at close that environments. all our good as early although for for is areas
turn Now, additional Ram? to for it over Ram comments.
