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On to Slide XX.
by cash first net margin X.X% of consistent was or Net third This by net delivered change billion. funds, X.XX% million was lower X from a this basis spread, our from the QX, quarter levels the with points, quarter, year, which basis saw Reconciling from the NIM quarter. For increased lower in of program, interest higher hedging partially $XX free the by X We drag points. driving $X.XXX balances lower the by sustained the income interest off to X basis trough growth margin we for guidance. offset point. basis X decrease by points, of due of to improved
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Turning to XX. Slide
unchanged Our our remains the for guidance. outlook year prior from full
a expected Our on basis. accelerating approximately interest between X% year to expectations fourth X% the year-over-year at loan is net X% Deposit a increase year-over-year We include growth for X% to basis. full on quarter year-over-year be X% and growth fourth the first up from is our the expected resume guidance accelerating XXXX quarter basis growth prior The then and unchanged income half of in level to second range. and to flat on a in half. see
expected adjusted fee are X% revenues for approximately to quarter. at to managed to Core in CRT the our well year-over-year year expenses tracking are grow and and X% full outlook. Core fourth swaptions items the
the offsetting business, to to exit well low growth we of to with growth related quarter, previous subject given expense year-over-year, year-over-year commentary rate. some year direct variability merchant as expenses fourth the compensation expect For approximately our it of levels, as revenue-driven at consistent brings the with single-digit This X% in-sourcing is fee acquiring our a revenues. which
our well, charge-offs expectations, aligned to to QX. similar with and projected be net is are relatively Credit performing
fourth With Our to our be we'll to tax over Q&A. to rate quarter for and is between move that, XX%. you. the over conclude XX% prepared remarks likely and Tim,
