firm of years to and Rob positioning. X, objectives. Starting required continues on last steps against good our slide liquidity proud deliver Thanks, to Rob, solidify capital competitive substantially morning. we're described, to The two more as sustainably our deliberate the taken and maintain strategic than the over
X.X equity the Total liquidity At in shareholders' for as Uninsured end, times totaled in XX% our quarter or unrealized quarter. hand group. financial to median deposits cash to X% to total U.S. of peer that total decreased billion total times services a of is percentage on $X.X of assets deposits compared large compared loss XX% firms. X.X
and quarter deposits a with strong contingent XX%. the at were favorably of end ratios deposits ratio compared and and peers uninsured contingent funding coverage to total XXX% of funding and of Deposit cash to to cash
manage slide record X. slightly to CETX unrealized balance founding Capital our tangible increasing in the lower value remain common year manner the levels reflective objective book equity industry. near losses. Moving a of of sheet finished a supportive to with to at with than X.XX% assets peer the the to top and the of year tangible of of stated firm's tangible since XX.X% the levels
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and launching record was more last $XX.X was delivered improve income our to the the our linked of notable quarter, contribution We in trading quarter and with Turning consecutive in million X. XX% Quarterly client slide than consistently first since XXX% quarter a which year banking last quarter. we business base. Notably, year. this businesses as from second up generating expanding to now fee continue the investment relevance progress growing our
reflected X% linked to capabilities are U.S. increased as platform quarter-over-quarter individual strategies payment fees to needs. offering liquidity and enabling more liquidity to our centered our satisfy by effectively manage in This and business perching leveraging clients newly XX% their is product changing augment their based cash in on objectives. select advisory clients AUM growth quarter part of and management broad decide treasuries, their Treasury built
areas operating our set. XX% client year-over-year, receptivity of model from or the by capability completely income steadily fee and together $XX representing refreshed increased million Taken to improving focus approximately
deposit associated us previous linked with revenue in continued offset causes the business operating the Turning structural precisely expected, across franchise. costs adjusted same for guidance increases decreased quarter, incur to the mortgage the total slide It to and that X, seasonality in the as is year. leverage million quarter seasonality improvements $X
our results to with repositioning Revenue non-interest assets, quarter. XX% increase of Year-over-year disciplined premium following compared QX sale loans, increased insurance benefited million finance the or sheet $XX.X balance when higher including earning the XX% last from income with XXXX. coupled business, in an
that of talent, the as and lift objectives, foundational capabilities begins our continued the XXXX our do was over target plans to support incurred expense will technology investment, in several while years, stated that long-term to and much slow account the model mature our past for deliver XXXX. to growth operating We initial
quarter QX million in peak reflected incentive in non-interest expenses seasonal approximately compensation annual that insurance adjusted payroll accruals X% expenses increased of $XX linked annually. and in Total million benefits annually QX of salaries $X and reset that and increases and
increased PPNR to year-over-year Taken $XX.X percent million. together, XX% quarterly
PPNR growth achieving after do third milestone maintain mentioned, quarter moving forward. of year-over-year to in quarterly Rob As year, last we important expect the this
Net while quality for common stable. was $XX.X year-over-year, $X.XX. Overall million earnings the quarter, $X down increased per income share to remains credit million
C&I prepared seeing credits. to primarily normalization are we as dependent million million the of off charge a quarter-over-quarter early compared during LHI, Criticized number QX. $XX.X $XX inevitable expect of are charge small $XX quarter a net to we Although, result offs of and migration and increased of million for. We in the recognized loans of signs net X.X% of continued consumer
expenses provision by quarter's offs anticipated trends. portfolio observed realized charge This and impacted both and
of Investments balance defined billion on an loan Turning Fed to of page coupled positioning million period approximately the based sheet continued million largely to reflective end a the intended portfolio of Balance result metrics eight. set on proceeds premium $XXX repositioning with C&I $X.X cash of growth finance core related previously $XXX reduced by objectives. the insurance the in with sheet divestiture. remained related execution strong, securities balances Texas of of of
recycling comfortable The as expect process moving quarter. growth during to we more defined with our This we're the matched be forward, into to our aggressively would XX% generally a deposit multi-year prior and ratio strategy. loan we now is loan consistent with, to of continue deposit within in relationships from rose XX% quarter evenly capital range the although
this for shareholder we Share platform. tool entire franchise results, creating bias accretive continue we segments towards use a capital delivering term supporting value. are quarter's to evidenced secondary repurchases where As remain longer our by client
the repurchase Although in tangible at inaugural opportunities market common shares in our to or program, repurchased $XX.X January, below book. did provide completion the When with the shares part X March of as stock of million dislocation prices we quarter. paired million selectively $XX of million repurchased
value $XX.X modest Finally, million to points at per the of in book share three record the end. of year $XX decline in interest AOCI across to contributed of curve year improvement resulted which five rates quarter tangible
recently X. X% or highly a grew million developed, calling $XXX of but continued new suite. to Turning from as our they loans product result disciplined C&I slide competitive that still coverage quarter-over-quarter teams
balances from into adjusting our finance billion year-over-year of premium loans. and growth broadening XX% of that C&I historical the business for divested delivered aggregate journey. over relationships represents XXX% at a our enhanced loans. including to now are This premium insurance loan available client strategy, increase added loan attributed capital client consistent nearly in This $XX.X product While quarters has $X.X the year-over-year five recycling when essentially base a balances a platform client past insurance loan benefits financial solutions, sustained with billion C&I only flat when previously rebuilt within of a
continues quarter our the primarily centered and and middle market in in to relationships. new Growth expanded corporate come from verticals
quarter-over-quarter the As Period at highs mature X% or firm established utilization limits. take to one portfolio million businesses end the $XX material XX%. record over but in of quarter, most we payoff rates using were real continue increased experience and selection, last the years. few cycle at constant is client expected grounded and it This from concentration well in balances managing estate through view and tested the still rates the slowdown
interest credit reflecting the the estate our New quarters in deep origination XXXX while volumes the experience matures later. date or cycles, both only in slowed and of a XX% in through remains and on XX% portfolio focused XXXX, portfolio multifamily, in over has of real space maturity recent performance rate observed and
asset is approximately of exposure to $XXX limited the with X% exposure Our at estate risk classes portfolio. of commercial office real million total
with as over market strong market XX% office LTD as finance characteristics The is quarter, XX% is the has of broad XX% characteristics Class estimates as contraction by the strong from properties portfolio Texas. professional outpaces average as located A XX%, recourse mortgage in current forecasters. year-in declined and loans XX% Average well over in underwriting
first. balances and fourth typical with reflect buying and a As the associated seasonality in activity, in quarter outstanding reminder, business the this in the the and falling rising second third home
intact; second current remains the for of rate showing expectations still XX% the XX% outlook to in a With increased XX% full-year total XX% quarter. by originations are in expectations origination to market volume. Assuming decline
seasonality. environment, Total continued deposits in both trends XX. mix quarter-over-quarter rate transition ending market driven with Slide and coupled a a X% tightening in funding with changes period underlying predictable reflective to declined Moving the of
been our reposition two deposit sources guidance over index last As strategy years continued with from has reduction to underway known well persist. Rob our intentional highest proactively now discussed, duration shortest would away cost, that quarter for
our this a XX% $XXX of sheet, quality more the reduction balance prerequisite the efficient million quarter. improving liquidity establishing or As is a to including experienced
since in of XX% deposits year deposit We period $X.X have over exited the XXXX, billion X% now down now at from total base, these end balances with of XXXX. the year-end
and term more consistent composition our to with forward we near moderate. would fluctuations client current expect now go strategy The is quarterly
and As position, brokered prospective a had CDs without million result we of of mature our also sound quarter current for the liquidity in $XXX need replacement.
client's future brokered funding time, an priorities. consistent ample balance management maintained days, of composition We liquidity balance capacity we and client will thoughtfully always higher our strategy remains accounts. touch where quality will to businesses result multiple tense on believe evaluate with our points operating over increasingly sheet Go-to-market sheet focus comprised primary established shifting in
million underlying this enhancements both Non-interest from continued to services grew QX bearing and of $XXX deposits did remained year-end. seasonal finance deposits modestly XX% or at proportion associated composition And with XX% inflows available base. stable client however, total a The deposits quarter-over-quarter. to important to shift, as non-interest increased from mortgage XX% benefiting
deposits little experienced business, as down We non-interest mortgage and normal other to loans XXX% expect average the on to mortgage were our movement quarterly to only remain as total X% partially cash management relationship finance XXX% These deposits to commercial we non-interest deposits predictable into year. offset through finance Overall banks. by bearing of bearing were larger shift declined, platform. products inflows mainly impacted a no between average
liquidity reflected cost but on previous modeling increased change the material experienced expectation market of is in will and NII cost our given able of expectations over XX that we excess grow conditions sensitivity marginal in days. Page is be last This XX. deposits Our in to a the
quarter modestly basis $XX the increasing a million earnings QX, risk scenario after points scenario. cash $XX the expected in to to premium As proceeds shock from in XXX this a X.X% XXX in X.X% or at million minus related insurance plus shock or our down sale basis and point finance decreased
backdrop. to middle risk year. the down by sensitivity an quarter the scenario, was interest last firm's the continued to accomplished primarily portfolio intent cash as quarter CMBS] [agency excess the This digits of this the primarily efficient of X% into investment growth market our the achieved remixing and in through XXX goal we quarter described that reduce multi is The in rate accelerated capital mid-single (ph). We given from process the up
$XXX duration and around purchases of We efficient added position versus XX% million target portfolio those X.X%. the portfolio X.X quarter securities, years. an portion on this now and the We is to believe with assets the yield aligned quarter at off liquid in the at a which and entire The new of our X.X% with we rolling approximately is of asset total time. with exited our coming prudent
net to in the currently anticipated income, forward contemplated base actions while quarter the rate The curve. future our not of amount increased reduced taken exposed interest income in the changes
The in of slightly earning core variable MFL's our of large total is rates. or short loans that the asset one tied profile index. the reprices XX% asset component month rate, XX% changes either term portfolio prime from now mix of of with portion sensitive is naturally excluding up year-end at these XX% a to with LHI
Notably driven beta account additional for expected model industry observed and wide assumptions income. assumptions funding increases The we interest and our for also to net beta this deposit to future quarter, increased recently contributed continued impacts contracting to increased rate costs. expectations
costs loan million, increased function net increased loan and decreased and points cash interest by while investments, offset X average and Moving declined higher to this income funding basis expected partially yields Slide by $XX.X balances. from a predominantly increase margin income of XX. Net quarter, interest in quarterly an is
is fourth systematic call, year, strong and enable year. earnings of realignment noted despite quarterly we non-interest published beginning precedent is priorities expense execution the when backdrop. base continued The associated to expense historical of the to expectations in the operating with remainder resulting of expected clients interest rebuilt revenue our disclosed with more coupled income model. quarter expansion core of each pullback on both entirely efficiencies on The the and from expect slight which the with improvements our of our for will net contraction market in see a first deliver This expansion quarter scalable strategic behalf consistent
quarter the X.X% X% to $XX or XX. $XXX.X increased total million page Moving loans LHI. Criticized million in or to of
by As on grade income, the categories these to specifically continues identified consumer clients' discretionary as we've in commercial be reliance migration in past. driven
of a $XX million for credit quarter, of or syndicated offs of net the total C&I During at and one team loan. we a credit XX or a million charge recognized The well widely loan company was to allowance market as points based up facility. Texas with of economic anticipation million known LHI was conditions. in this $XXX quarter end, $XX.X related management slowing part almost public primarily loss X.XX% The basis year-over-year through
we client to wide experiencing the coming system prepared across types industries are As migration credit breadth sector. expand banking grade and availability contracts, for the quarters in of
manner value capital shareholder the book to levels. share of XX, tangible and page quarter earned in on briefly disciplined managing per Evidence Moving assets equity finished to tangible at commitment base long-term tangible capital driving record on common hard value. a our focused to the
updated XX. we Finally, on include guidance Page
the of rate Our rate funds curve for and assumes mid-XXXX, the a fed in year-end guidance based X% X.XX%. accounts of peak exit market forward
quarter's focus, for areas to be low are than ability we double-digits. given defined outlook in net the anticipated year-end expect guidance. in growth slower income changes revenue interest funding to of our confident contemplated costs, delivering to we system-wide in lower While full-year expansion And previous continue do in our
significant will two operating and investments financials indicated are over expected QX. Robin positively made yielding both in I last years that begin the to efficiencies the contributing As earlier,
digits. expense mid-single We are low full-year on lowering growth double guidance from digits to
the and XX%. liquidity year-over-year Together exit remains of maintaining remain year capital these growth and XX% of quarterly in the and CETX with positions with as We our in expectations intent result maintenance than cash operating our of should assets hold total greater securities to and committed our as least leverage defined to strong at PP&R
backdrop, as an are of set scenarios. and economic achievable and a interest plan. of to long-term communicated, levels targets for credit Despite part our rate decline Lastly, costs strategic financial of horizon plan under accounted the strategic normalized the forth previously committed planning variety we are delivering financial targets economic as our with our during firmly the both different XXXX
to hand Rob I'll closing over back the remarks. for call
