to and balanced longer-term to revenue increased drivers to clients' with of strategic and XX% income on of to both ability total Rob, targets capital and XX% target as of and Starting accelerate. XXXX against quarter, revenue performance our non-interest increasingly onboarding long-term range income fees was this guidance. continues line excess the of Progress Year-to-date, client in medium with our and Treasury morning. reflective non-interest increased a product X% Thanks, quarter-over-quarter broad in our Slide good toward liquidity XX.X%, base financial X. support continued needs.
We assets Similar managed point, quarterly focused Management increased treasury are offerings, this remain is rates. and quarterly connectivity adding deposit in are This and and from from commercial private of cash due clients offering is between our continues to client preference revenue point on market in at in management the Near-term XX%, decreased options consistent our total changes focused on and to use and in XX% rate under in management this mature. plan. cycle. plan. large more we we in earnings growth offset primary pull-through current relationships to being part on contribution. are, momentum pace banking at the given compensation Year-over-year client this continued by with banking fluctuations and growth from we payment less wealth Wealth businesses X% income with year-over-year, to liquidity revenue respectively, on platform than in ensuring sustained long-term
launching $XX.X Rob and that our year. fourth since the quarter, quarter. million banking business during increased the which the consecutive one quarter, trading linked record banking marquee investment income transaction was last Investment occurred described of X%
that medium-term across and we in success year-to-date continue broad the transactions early the to and see both platform, granular executed of in breadth pipeline. However,
from areas income doubled than our Fee focus year-over-year. more of
offering benefit market. net improved revenue our $XXX.X the increased highs slightly and in to continues against million both over advance experienced linked as quarter. Total their income individual and each revenue to value non-interest collective our further year-to-date last quarter interest expectations proposition modestly previous As differentiates
income by demand. expansion earning or income, higher compared to balance repositioning from associated As X% with and with XXXX. increase long-term related was year-over-year an million into strategy. rising industry-wide in Total assets when increased disciplined deposit revenue results sheet With trends XX% pressured to coupled expected, QX further $XX.X net non-interest benefiting costs slowing our credit interest
quarter, second reduction with financial near-term our capability performance, the go-forward linked enabling as quarter Total operating non-interest are investments structural long-term declined expenses X.X% a improving select model with after while build. associated efficiencies during associated X%
million, adjusted began increased together, $XX.X to high PPNR XX% we since Taken in QX point, quarterly transformation year-over-year XXXX. of the this
$XX million resulted expense modest a legacy continued This and criticized of in primarily from increase provision credits loans. quarter's select problem of resolution
of common premium QX XX% the year, to was our when of finance from $XX.X last insurance adjusted income business. Net increase for million, of an divestiture
$X.X business, grew seasonality period by deposit this buying balances the Our Cash driven predominantly outpaced gross credit balances linked quarter LHI as broadly billion balances or needs. clients X% declined, whereby in season. remain million mortgage predictable end balance finance $XXX summer by Ending balances sheet metrics the but average grew, end-of-period the of exceptionally strong. growth quarter, home declined reflecting approximately
X% in increased second or period quarter. XX%, resulting loan-to-deposit at the down of end balances million from end Deposit $XXX of ratio quarter the the in XX%
during Finally, yields quarter million, is XX $XX.XX. income treasury of offset by the share nearly of which $XX decline book in resulted value of basis and nearly X-year common in resulted AOCI tangible in net point increase per the
decreased the X.X% for but finance, remains mortgage excluding year. LHI, billion up or million for the $X quarter, Total $XX
par. of September nonstrategic at subsequently the related for delivered During we sale to $XXX early loans C&I a were held quarter, moved pooled a million million in October. sold sold executed and sale million in and $XX $XXX was
as posture capital delivered unchanged remain into enhanced client client an our priorities continue our and base Both of recycling we multiyear market-facing journey. of broadening product solutions our platform that process benefits a available from within capital
marginally about while commercial continue obscures underlying Commercial quarter, or loan business. expansion earnings $XX momentum moderate to balances unfavorable to million in the declining continued near-term strong this X%, which
months the nearly year-to-date new is just the With XX% noted of onboarded we of correlated clients activity for bank. remaining relationships the lead that up with winning portion commercial on New relative are than business to loan includes more percentage treasury XX% X levels. product year, first a of the are the relationships in the increasing highly elevated XXXX progress over which
of [ definition commercial transactions as has meet that ] XX% the syndicated from a agent QX V shared in increased credit, For the national year. XX% Portion last of
for operating as in extend the trends multiple X/X our the of in syndicated other now manifests fee those choose proposition value are priorities. to with balance primary our ways increasingly facilities, loans on desired which is in noted over as sheet, his stated clients we sheet. balance act for and value credit income bank balance For on sheet we agent consistent Rob existing commentary, providing we whom This
million or balances real estate in increased the quarter. Period-end $XX X%
of We increase Despite we term. continue third expected, positioned to of material recent in in payoff still record highs. but slowdown the quarter, the medium for rates in experience year-to-date payoff the are continuation modest a trends
Our observed credit the on clients' interest new cycles. Approximately performance origination extension portfolio With and new and volume real estate largely remained rate experience both XX% multifamily, our or also date a maturity suppressed. space reflecting in XXXX credit of the deep through XXXX. has in focused
or of the later. XX% over XXXX While matures portfolio in
characteristics properties over Our A over underwriting XX% the approximately commercial X% of as XX% portfolio has as The or and average is market office in real of located and estate exposure is as LTV solid XX% $XXX Class total office XX% Texas. million recourse book. strong the well with current
$X.X professional loans XX% seasonality associated estimates forecasters continue quarter, as to decrease the XX-month total showing from the to summer buying with volume. suggest and year XX- to $X.X of $XXX pressures contracted of in from Average decline next industry offset XX-month volume mortgage XX% expectations in X% or the originations. full home Year-over-year, rate-driven finance fourth nearly quarter, the trillion has drive million trailing total a Overall, to estimates trillion with partially increased in in origination market approximately that down originations activity.
the months the QX with industry deposits quarter-over-quarter ending deeper funding into focus relationships. a quarters perspective, XX period on As continued be seasonality expect amongst mix reflected underlying are seen increased predictable changes our you platform the sustained X Total and next seasonally a in a we X% with management coupled and leveraging origination know, client the on rate home in last both in the transition toughest to has the environment tightening buying weakest the from years. and QX cash
XX% deposits finance non-interest-bearing modestly decreasing to Total stable Mortgage from quarter-over-quarter total $XXX deposits a increased quarter-over-quarter. X% balances XX% deposit or non-interest-bearing with remained portion million to year-end. at
needs. top-tier As clients' both continued success impacts high loans in with last our up average clients were and origination our capturing to contraction guidance Average of the from on XXX% we XXX% credit remain due at system-wide year, in short-term more focused finance on industry. the relationships end business in treasury mortgage and of finance of deposits volume holistic of the mortgage their mortgage
a seasonally quarter As finance a for reminder, QX mortgage is weak deposits.
to payments late-November tax remitted are in escrow related run and As balances beginning through January.
ratio previously the fourth increase interest given average the to finance net firm's level loans client to the financial However, further mentioned the trends, we average in mortgage the margin. pressuring of expect deposits mortgage quarter,
deposits million this expected, As $XXX quarter. bearing other non-interest XX% or declined
down is last has year. options select trends deposits, to XX% platform described, QX balances which excess of interest-bearing deposits, deposits, mortgage on our or previously other by As that in total clients cash management to and XX% slowed. of last shifted Non-interest-bearing quarter from finance, excluding XX% now
our at term. of portion in deposits pace finance, excluding the mortgage decline, to that a total near non-interest-bearing the decelerating will continue but remains expectation Our comprised of
established Our moving sources paired from index balances with is At balance X% now of on repositioning our we'll declined report maintain of needs. their the client the with desired anticipate effectively quarter management serve fourth satisfy $XX sheet as evaluating deposit of will equipped target brokered with do priorities, deposits aligned strategy the away will as positioning. during to these interest-bearing in inside future published as million base, deposits that as remains deposits deposits our complete, We Broker consistent replacement. well composition ample XXXX XX%. long-term to now sufficient clients strategy forward. quarter specific client-focused are capacity without growth million bankers them reliance and our part mature consider consistent total during to CDs always sheet and decline relationships the $XXX balance and brokered threshold with as We consistent liquidity while near-term
profile point rate scenario. increase in rates. new core risk $XX the XX a believe taken was asset these total of asset-sensitive approximately There stage component with XX% produced a naturally current by securities earning at portfolio, and was $XXX.X the this short-term variable Net modeled million, prudent changes balances to our more at have cycle, and this shift deposit yield XXX is either the basis cash scenario income index. continue mix cash an a portion interest improved into of portion deposit our and plus the flat loan X% X-month year offset reprices in partially were no of the LHI negative shock or mix measures achieve our points our at predominantly posture asset or and XXX X.X% of margin time.
The quarter-over-quarter Proactive outcome. that prime and at expected, higher of neutral point function with costs, quarter rate $XX this basis tied remains a we interest-bearing the to quarterly an intended be quarter, MFLs deposits to in large the increased quarter-over-quarter excluding and the coupled As shock earlier decreased earnings net interest down basis of as flat levels to million loans purchases and XX% of that with million relatively efficient in a and or composition balances. liquid at
associated efficiencies more associated directly model. expansion revenue income Sustained operating enable platform near-term inevitable deliver as systematic expense with multiyear income continues strategic model with our over a of moderates. is expected fluctuations intended interest base Further, scalable and even non-interest rate and time, on Our these the rebuilt realignment net execution and the stability to priorities our driven on lessen earnings. to business build transformation dependence will, initiatives
in backdrop.
Criticized with capabilities, total expense, coupled see expansion or quarterly of million when to quarter the revenue $XXX.X year-over-year to which LHI. increased market maturing foundation in X% the for expect another loans $XX.X future earnings million contraction enables the non-interest We despite X.X% or generation
As reduction realized offset total in in nonaccrual at upgrades. loans estate assets which all-time partially increases in only loans million Non-performing X.XX% a commercial of loans charge-offs special payoffs assets, be and and selected $X.X near result real million were mention by are of net of lows. to $XX.X both continues as both industry of
commercial consumer by of supported sponsors. loans in on clients As towards dependencies of income composition the weighted strong real is well-structured handful plus criticized estate commercial with prior quarters, loans a discretionary
We selection guidelines continue protection credit up economic address for to on reserves of asset anticipation began in XXXX, in reserve our a with loans off-balance an for million known million to total client $X improved at we non-accrual built to believe loss, realized the loss.
Preparation linked-quarter end, increased quality nearly allowance basis of and more our X.XX% adequate year-over-year align million underwriting and of sheet steadily foundational resilience. Total and provide necessary objective a inevitable both against to early X.Xx. legacy concerns environment, balance ACL normalization to XX points our financial as basis including while or $XXX or $XX LHI quarter sheet challenging metrics
We have on select resolved will still principles. of be loans legacy on sheet charge-offs. with balance client workouts and or maturities, selection portion or consistent in current underwriting the previously commented the That
million client During portfolio balance. to $XX charge-offs set approximately the and now recognized of against we of quarter, book this million exposure this $X.X gross is identified
industry. U.S. top equity top CETX remain first to in described point quarter. value. relative assets XX.X%, a and and commentary, shareholder group.
We for results quarter all the a remain and second of quarter the increase analytically common on profile. of rigorous finished driving to on regulatory X.X%, remains in large assessed banks managing the basis at focused capital group exceptionally at quartile prior XX internally Rob peer the near the risk disciplined Total peer capital the long-term focused hard-earned to quarter capital manner ranks the tangible base which our the at in finished As Intangible or from strong relative his levels
has year. accounts for Fed remainder the pressure as market-based funds earlier of which in forward net through assumes Our guidance of income system-wide resulted curve, the funding anticipated The interest rate we $XXX cost this recognition increases the year. of
Our full percent outlook for unchanged. double-digit revenue low year remains growth
pressure with balance net fee recognized year-to-date partially market positioning. offset income both has income events sheet interest associated and chosen As
made As contributing will the detailed profitability firm. continue over X significant the to yielding and expected investments above, are of last financial that years operating the efficiencies
for expense a we in levels. strategy, remains an are non-interest for lowering commitment our Our below assessment. consensus, special resulted environment with long-term same to unchanged, coupled our QX expense us guidance historically clients, QX expense that achievable flat estimates to PPNR QX in non-interest mortgage accounting in believe XXXX challenging and expectations total with current The FDIC before
and and now turn Finally, remarks. of we to assets hold to of our our maintaining year intent the capital total than our than to closing liquidity to strong CETX remain I'll securities and with XX% committed in and the ratio over XX%.
And for positions, greater greater exit remains Rob back cash call
