a number start to per diluted being million generated held-for-sale on the slide billion or first areas. to after included the moved loans of We I'll million the This Margaret. the related we $XXX reserve share. The quarter. of EPS growth Thanks, portfolio to quarter $X.XX tax release totaled morning release year-over-year presentation. in of strong This earnings reported benefit Walmart quarter. $X.XX $XXX and or six provide $X.X an of the during
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in to capabilities, digital and our to also to make will the enhancements program, back deposit office. platforms our continue automate and direct strategic investments investments our sales We mobile and and streamline
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trends key X. our slide credit on cover I'll Next,
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returns. We to see for continue attractive growth opportunities risk-adjusted continued good at
growth. were billion, PayPal for slide expenses our expenses year, to and came last by quarter. I'll over Moving X, program and of at cover the $X in Overall, the primarily Credit acquisition X% up the driven
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funding our capital growth mix program. through liquidity Credit The the slide have while on-boarding and deploying levels capital to and XX. highlights we maintained key PayPal are, Moving strong and
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sheet a profile. liquidity are We to capital balance robust with a and maintaining strong committed
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notes, five-year million to continuing In had continue We growth. $XXX we we as to ability demand to in out rates The growth retain Overall, expect with and by issued significantly service, $XXX attract billion line in were oversubscribed. attractive having maturity. our Longer expect a deposits pleased with our grow to direct receivables continue a strong having and as issuances senior deposit million digital our well in March, term, great to with drive offer unsecured are XX-year $X.XX our building to customer and our maturity deposit we customers. and program capabilities.
year, and of to liquidity. III our under We Turning acquisition reflecting through continued growth impact capital the and Basel XX.X% This capital execution phased-in phased-in capital a Credit deployment quarter of CETX portfolio compares on ended to fully last plan. the basis at the the PayPal fully of rules. XX.X% the
we on stock to board $X.XX announced X.X a our During paid of quarter the share during share million last completes XXX the dividend XX.X shares approved plan May. we per execute million stock during We This repurchased and of the quarter. repurchase the first capital repurchased the continued represented and common quarter, last May. common billion program
plan. capital XXXX our Regarding
Our March. reviewed the plan and the and in of similar This our Directors plan Board timeline regulators by was late is years. to submitted in we our approved to previous
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sources to diversified capital plan share strong repurchases. to and strong and we And and our in We expect continue form a capital of deploying sheet liquidity balance execution growth funding maintaining very levels. through capital committed with and of further are dividends the
to believe for I in current with our the a margin quarter year and the with the for conclude our We Overall, the XX.XX% will line year. around quarter. improved the seasonality, in the to as in average well as expectations as this sale range reserve the potential were run quarter. the later Lower a growth, our fluctuation wanted quarter, I core normal quarter, recap percentage as was in performed year. for program line second portfolio Walmart the continue performance XX% some of margin well decline expectations. second slight Before X.X% as the build RSAs with view for to the in first including our receivables drivers
align As this with a RSA quarters, moderating the percentage. we the expect more will growth builds on in to reserve future have impact
expect RSA be range to in We X.X% the XXXX. for continue to X% percentage the to
Regarding credit.
We million the range build and portfolio early or reserve expect by core anticipate the will $XXX We second in will the $XXX quarter the $XXX third and the occur second additional quarters. $XXX quarter reductions third average in to million in be in million largely be the this We for fourth growth in the late related reserves still sale to million the expect year. range. will driven still Walmart the to of to
see our the line from expectations the to with as first XXXX to net outlook. PayPal quarter, expect the and charge-off addition included XX is in and of impact to due the program. also compared to we This the higher timing be charge-offs in We began in net points to Credit full of the our XX second quarter basis recoveries
X.X% later the by a impact expect will XXXX, the the entirely this be continue Credit partially for sale of Walmart charge-offs to driven PayPal in with slight the offset portfolio We compared XXXX increase X.X% year. to portfolio, by the from range to net
PayPal the is to Excluding the of be expected Walmart, flat NCO effects and to XXXX. rate
Turning to expenses.
generate to be returns. it generate and business long-term continue summary, positive ratio XX% We full efficiency with to that, attractive strong turn In Margaret. the leverage I'll year. With over back to continues around for operating still expect to growth the the
