absolute $X.X built deposits both XX% in as by end, ratios levels. top-tier in on-hand total insured morning. or totaled At quarter percentage remained X% our Strong total two capital Thanks, to with deposits exemplified plus assets last this positioning quarter the be balance strong, coverage of Rob. and XXX%. On liquidity further deposit cash of peer billion years compared median extremely sheet to liquidity to uninsured Good of over terms contingent cash group. and to and a decreased deposits funding XX%, relative continues
results the at to near industry. tangible quarter XX.X% and banks. CETX again Notable progress or ranks of all this for U.S. in first fee-generating large finished at finished relative at X.X%, remain assets quarter businesses quarter. equity tangible top levels first our Capital to continued which the the the common quarter
increased quarter investment XX%, making the trading launching As year. of was up year $XX.X income million, XX%. of noninterest quarter. is by target is Notably, second to this last XX% nearly XXX% long-term since XX% of linked business driven quarterly last part our total the investment was record our consecutive line which from quarter and year-to-date with third over in and banking to income This in revenue
cash product X% quarter-over-quarter. increased and the in fees payment our pull-through point as this Treasury deposit by management businesses The at being in increased to offset from sustained compensation. cycle momentum earnings rate
ensuring in are we plan. relationships focused are in We our adding offering revenue than we on banking primary consistent from long-term less are with quarterly this fluctuations
represents clients ago. approximately Wealth less some and liquidity X%, market liquidity of additional management than up inflows commercial under AUM, and Managed now options. a assets increased to net year private from existing rotation management manage X% as X% resulting wealth and new from income changes, quarter-over-quarter, from XX% grew
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was revenue. as improving decline linked noninterest offset increased quarter, than $X the million million interest net revenue $X.X more Total in income by
revenue to results QX assets. increases sheet coupled As in disciplined costs. a interest earning into balance XX% expected, in year-over-year net deposit million by income, higher compared Total overall despite increase seasonally noninterest strong XXXX, growth, increased from income was pressured warehouse loan XX% $XX.X benefiting industry-wide or with with repositioning
with associated the go-forward Total linked model X.X% through our flow statement. began as efficiencies operating structural income noninterest expenses to declined quarter,
$XX.X Taken $XX.X high share million, level common Net years, since divestiture. was year-over-year, QX to this highest two we of our the the quarter, million income in This million point for while is XX% up began together, adjusted the increased earnings $X.XX. quarterly for XXXX. per PPNR in increased $XX.X year-over-year to transformation
XXXX, and of XX built with resilience. and in million during an basis legacy We our nonaccrual reducing to steadily foundational net balance assets. points charge-offs address quarter, necessary asset financial known for the align began in objective Preparation both normalization we concerns $X.X to total recognized quality loans evitable the sheet of reserve as metrics
modest accounts This reserve $X proportionately increase well which quarter's the quarterly criticized as rates. loan to provision million lower as in growth mortgage related finance, loans, expense of garners for predominantly
more continued towards of in target return performance steady the assets, with respectively, second observed and on levels common quarter both metrics tangible financial quarterly on progression double than year. outcomes of Quarterly and their last equity X.XX%, X.XX% return
on execution remain continued reflective our balance the profile set strong, sheet metrics of objectives. Our core of end-of-period with
the lower increased the balances in driven modest to each increased business previous other activity. after by mirror more and guidance, balances which growth is increases experiencing deposit LHI real growth closely quarter, term mortgage the in billion Deposit $X.X in QX. loan with the $X.X commercial by estate, quarter. significant X% or prepayment Consistent in near were X% in billion or predictable Gross seasonality of likely finance levels and linked loan
remained ratio and down of second quarter linked last loan-to-deposit period-end quarter flat As at the in a the result, year. from XX% XX%,
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As and we the have the we rebuilt on January earnings call, procedure firm. nearly across every process detailed
quarter, made As estimates CECL were second to model. the a changes in Company's result, certain in the used
more losses The probability of which most loan estimate incorporate are of portfolio off-balance And credit in allocated the reallocation sheet and granular between to and consumer of expected loss to significant severities losses the default, off-balance of financial for allowance segments financial changes historical adjustments resulted the balances balances rates to instruments. loss segments, a These outstanding sheet Company's allocations portfolio of including in of to loan allowance instruments. introduction the category. and
in to $XX higher million basis, the compared decline of remained financial made combined used changes sheet prior losses a reflected off-balance as off-balance relatively model in however, as On flat sheet results is total to the a in the The Company's in quarter. CECL ACL of to inclusive allocation estimates loans. the ACL instruments reserves
commercial QX, or increase quarter, which both now demand. $XXX the decline share book for up year. the capital mortgage $XX.XX. and million clients income X%, $X as rates is nearly net moderated value growth by loan X.XX% finance costs its million, industry and expanding result an X% After interest AOCI the is for billion offset resulted Finally, credit this the Total and in expectations or declining increased for tangible or $XXX of in reset to $XX million in common impact in X.X% and on quarter excluding of LHI,
Overall, for growth solutions XX%. of loan-only consistent primarily business over product and capital our of to recycled utilization divested increase past billion with client and from relationships, strategy, rates a base into adjusted request This to constant an $X.X continues $X.XX benefits added four a were previously come journey. has client enhanced available for to quarter-over-quarter capital of loan from quarters Commercial client at delivered broadening as continue when an insurance relationships balances expanded new the that brand the within be platform attributed finance loans. extensions
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Period-end $XXX the real in increased balances quarter. million estate X% or
still highs. the material recent expected experience to in record continue but We off slowdown rates payoff
both observed deep had over rate matures reflecting later. also new origination and cycles. or Only recent in date in in maturity performance a of of the volume interest portfolio the and the multifamily, real clients' through estate XX% while quarters Our remains on in experience portfolio XXXX, space but credit 'XX slowed XX% our focused
Our current approximately exposure the and strong office solid X% a of to book with and LTV classes as over as of properties portfolio. is average located at-risk over $XXX XX% Class in with limited commercial XX% Texas. estate is XX% asset recourse, has office real The total is million, exposure is underwriting characteristics market A XX% well of
XX- that in Average trailing or year XX% XX-month quarter, volume. expectations estimates from market billion estimates finance rate-driven third with decline activity. than down loans XX-month total trillion contracted from Overall, origination showing to quarter, forecasters associated in $X.X industry continue spring mortgage buying of professional of with in decrease still to originations. Year-over-year, has and trillion in $X.X to market next volume seasonality more suggest the to the partially a originations the full as offset $X.X drive increased pressures home XX% the modestly
increased remain Consistent ability with environment, about seasonality. of XX% historical performance, our we last predictable would with a market-driven funding period and outperformance industry. margin both to this ending expectations mix with continued tightening serve as successfully line of changes to expect we maintain deposits In our reflective transition in coupled confident total X% the with and quarter, quarter-over-quarter, trends underlying in a rate communicated
Total underlying from stable however, with does noninterest-bearing XX% modestly proportion total to continue XX% the deposits at year-end. of The shift. remained quarter-over-quarter, deposits composition, decreasing to
or we mortgage finance finance the to originations. remain noninterest-bearing and mortgage of expected, mortgage As of million deposits were holistic relationships guidance the alongside on loans quarter-over-quarter, end higher deposits with as average of XXX% of loan increased decreased clients XXX% balances focused $XXX at the XX% top-tier between in high financial mortgage industry. impacts due XXX% our Average
management XX%, cash clients Other noninterest-bearing or account described operating select to cash deposits whereby in million $XXX interest-bearing part declined balances due other including excess shifted insured or to to our previously options platform. deposits, trends on sweep
deposits the total interest-bearing continued portion behaviors, While These a business with aligned to our decline to interest-bearing of mortgage linked in increase continue of rotation near do total is strategy, with coupled of term. resulted we additional slowing, the comprised realization XX% deposits. through excluding of quarter a finance, in expect channels pace deposits in our noninterest-bearing
inside with pace balances our are consistent of proactive total million this billion our quarter XXXX. of index has $XXX threshold since balances deposits of now now clients away the well over experienced at XXXX The down to sources $X.X and aligned strategy Including year-end X% repositioning these as XX%. slowed are our deposit reduction from published
composition $XXX with and ample We evaluating management prefunding quarter. during anticipate a flat priorities, capacity broker brokerage quarter, that maturing CDs balance while third brokerage do we remain maintain of of we always consistent the begin third established will sheet future the the the million portion During liquidity quarter. CDs during did relatively
months. grow Our that able conditions four continued expectation given remains by last to we a material deposits in the will cost, experienced the elevated be marginal over change client market
earlier and increased this of measures a decreased quarter rate earnings basis the posture basis XXX million stage XXX X.X% both our million costs a X.X% year at more point neutral at minus $XX taken the proactive and shock as of achieve or scenario, to this or and point a a expected, As shock scenario, down funding risk plus result to and $XX in cycle.
earning component to the no these of equivalent one-month is There MFLs with levels of asset an of reprices to large holding LHI portion were tied believe quarter, in of the with The loans to as portion remains excluding purchases rate, of portfolio, at changes new of naturally continue security our total or that profile either asset the time. XX% our assets, and liquidity variable in mix prudent we rates. index. short-term core total XX% this composition our asset-sensitive prime XX% efficient
margin this interest $X.X higher net in offset of interest costs, Net loan quarter million, predominantly by loan improved yields. declined quarter-over-quarter deposit income and as and average decline function balances points basis by decreased and increased a X partially assets a interest-earning
build model associated earnings. expansion moderate. noninterest dependence inevitable lessen is on will revenue Our transformation multi-quarter net on platform intended these to directly even initiatives business enable stability income income and in Sustained execution should rate-driven interest near-term fluctuations our
of deliver Further, strategic realignment the expense operating more beginning scalable to the with expected with a model. systemic is base and rebuilt priorities associated our
year, We the which enable will our market in execution expect see when quarterly on revenue stability despite expense from contraction continued backdrop. the over clients earnings of of to coupled noninterest remainder core the behalf strong resulting expansion with
consumer strong weighted estate sponsors. handful be commercial toward or in of commercial real loans estate structured supported income reduction mention or to of by Texas-based as credits. criticized the LHI, specifically criticized continues clients offset $XX special a on X.X% Criticized quarter increases a million loan million loans well loans in million real XX% The plus $XXX.X composition to in discretionary increased total $XX.X commercial loans of reliant
of We've client that anticipated previously our underwriting the protection year. in and believe based provide migration we manageable selection adequate real our against estate communicated loss. on economic outlook, this realized beginning middle And guidelines
quarterly, leads practice Detailed a occur a reviews on conduct name-by-name credit line basis. and credit of series to the of reviews, business pandemic credit the implemented continued during risk whereby partners their a
management during a market commitments credit resulting verticals. over and in of Additionally, XX% the of review review enhanced in these sessions executive quarter, corporate, in second hosted the middle
beverage of office, including inflows mention or in Since this on late have a also outflows, trends, represented Service. are reviews loans these asset reviews results as March, the contractors, migration conducted special quarter. The been specific and industries, homebuilder, multifamily, Software classes and and distributors and both substandard
We have sheet selection portion our workouts or and previously in loans consistent on the the through underwriting that charge-offs. commented will of client with still principles legacy select resolved current be on maturities, balance
since quarter, the During $X.X $XXX have of book now of net early total balances million and XX% this we over against to XXXX. identity portfolio charge-offs exposures approximately reduced recognized by million
$XXX inflows coverage million These with $XX.X actions, assets Total category, credit coupled X.X to and environment. nonperforming on in reduction including at ACL into during improvement was basis negligible linked-quarter times. new in in or economic X.XX% an quarter end, flat reserves loss, a relatively LHI allowance supported off-balance our a the up for the million million XX more a year-over-year challenging or anticipation sheet quarter of basis of at $XX over total points
Total our risk relative regulatory internally exceptionally to group remains capital profile. peer assessed and the strong in
credit-linked warehouse original the down. notes paid million of related mortgage partially million $XX quarter, the During were $XXX
significantly the volumes early issued was since mortgage As balances and note protection industry XXXX. eligible in have declined related credit
quarter annualized analytical interest interest This driving at focused $X.XX on the a reduction balance managing in current saved second of shareholder levels, the value. We in to base neutral million remain the capital long-term in firm hard-earned disciplined on manner and an CETX. or basis. on note expense $X.X was focused And rate
accounts curve, now our there cited through forward reaches slower assumes specifically Changes X.X% last guidance guidance in for rate Our and the quarter income quarter. revenue interest which anticipated in Fed funding fund this update expansion costs market-based remains net was year-end. and system-wide
low for unchanged. percent outlook growth Our year revenue double-digit remains full
efficiencies the results, year. this quarter's operating second expected the the investments continue by years yielding significant evidenced and two the contributing over financial half to that in are will of profitability last made As
guidance consensus PPNR the leverage, of and are in should achievable. operating the as result noninterest as also defined Our year-over-year estimates expense believe we growth. quarterly remains these maintenance unchanged, current expense Together, expectations
strong remains and exit securities intent of Finally, and we committed assets the positions, a cash liquidity are our XX% with maintaining greater XX%. to our to total of at capital and our year and in least to CETX hold ratio than
for Rob hand I'll the to call closing back over remarks.
