talk slide X. I'm commentary everyone. quarter. focusing us the our high-level you, Thank take X, results to comparisons prior slide year Brian, And quarter and I'll the morning, good going fourth on on also to through against on
while income, As faster Brian noted, $X.XX we fourth from repurchases. per improved which at share produced $X our billion earnings grew share of XX% XX% in 'XX, quarter net a pace due to
basis, of Each investment in each ROA same and noninterest near At consistent time, improvement have helped and at billion at on over $X.X $X continue grow trading Looking $X important quarter. some components people of million to income on been year-over-year billion rose each XX by strong costs as operating noninterest the regard expenses, in basis training costs increases. improved make With which $X.X XX%. revenue growth the or pretty we was leverage on was further franchise. lower our and more driven XXXX income. quarter; brokerage sales improvement And segment our responsible was in With grow improvement think in a the quarter, income year-over-year returns, increase the top little both regard points, sustainably. and a our look fourth And our year-over-year services business XX% digital pre-provision with to The investments than outpaced the expense was significant ROTCE increased, I One pretax produced capabilities offset those increase and a XXX NII we and year. executed which a above of to $XXX line through points basis revenue, that you produced our engagement nicely -- XX%, a it in results. growth growth to revenue billion. over over billion In COVID to quarter; each banking has revenue investment to XXXX. basis, in to consistently quarters aspect of $X billion and and of revenue-related
Moving to slide X.
a added $XX of grew These $X.X funded sheet in to balance the billion growth less quarter, little billion deposits this billion deposits. increased the $XX trillion, billion. Partially moves by billion growth. in And securities, than our and the typical of our $XXX increases $XX these reflected also cash and we Global sheet. in Markets During $XX loans so year-end were offsetting balance
to regulatory $X.X Our which our balance liquidity billion by QX, portfolio to declined to from again due and grew standardized in RWA a With or loans usage to driven to contributed still billion basis earnings XX remains impacts shareholders' by reduction of ratios, while an QX. capital $X.X And outpaced in declined of the of of capital the we're capital quarter fuel points QX, CETX to other to from the their distributions, growth, ratio producing little that and return basis the equity customers capital as XX.X% excess than needed regard our a our fourth more The increasingly shareholders. Earnings recent our once our support CETX to plenty $X.X share capital third driven in well trillion the well see ratio X.X% and growth. alone sheet it as requirement. most to happy above as XX minimum our did the repurchase. was strong CETX quarter approach increase points under in before
plenty ratio balance of ratio And our versus above X%, declined requirement requirements. to TLAC deposit still growth. our a which X.X% our Given leaves comfortably for of supplemental remained sheet growth, our minimum leverage capacity
of to what interest beyond have the XX. Turning loan but I anything the Brian average schedule noted slide We add earlier. time, included in balances, to on don't
XX. on deposits slide to Moving
relationships see we net retail the Combining customer added QX. deposit-taking our new highlight deposits We businesses. both $XX growth that billion consumer base accounts client I Management deepened significant across across Wealth and to as and would balances, continue from grew
nearly trillion, have to and deposits grown competitors. we retail $X.X now Our lead our
growth saw customers are also our and gathering strong deposits We consumer commercial on operational wholesale. of are our deposits with clients. in focused remember, continued the and we're And the both
and Turning focus FTE QX investors, basis, non-FTE tend $XX.X On which was to the But slide in number, know, was I GAAP billion. interest net you NII to income. on $XX.X as NII a billion. XX
growth XX%, liquidity. from billion increased 'XX So, focusing net on loans and deposit basis, as NII $XXX higher of by related QX securities million amortization billion declined driven versus NII as interest change of growth offset and on was roughly $XXX or well $X.X up FTE investing then QX, the an impact by premium of levels Premium growth. and $X.X 'XX the QX to fees. deposit income amortization lower PPP lower in driven million, positive
deposit recognized rising our of level reported rates low continued that lower rates sensitivity higher, It's growth remains we asset some Given significant. long-end as higher to NII. in now our and sensitivity modestly quarter-over-quarter of moved and rates,
a So, on like of for couple I'd to NII XXXX. give you thoughts expectations
to quarter assumes the And That rising last in quarter in robust reiterating XXXX Paul's to and in expect the expectations want embedded first forward we the see XXXX. by to curve. compared start that we comment we expect I specifically, see headwinds. growth NII two rate loans First, continued growth
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be benefits. Again, curve those about nicely a QX we Despite upon XXXX. PPP forward $XXX add hundred couple quarter the grow QX expect course the those subsequent to from growth. dependent two up in less should and fee loans of still million. headwinds each headwinds, and of realization about that's to of expect million we Second, Combined, some would
XX, of already sheet of balance might stark into context in rate short-end because cycle last Lastly, the twice your we the that now when we saw we And draw historical expecting new slide the of see years the today. as helpful trend our we was of last see well rate forward NII what the what And our to cycle difference at attention thought size is differential, cycle. it is begin, as rate asset the it hiking sheet sensitivity to in NII be began. a added And is since importantly, the middle I NII that quarter cycle. the of the balance we hike curve from to today level across third XXXX were the today's as a
Okay.
use slide XX Let's turn for to costs, discussion. that and we'll
increase to Higher from expenses QX. $XXX and higher a lesser costs degree, QX billion, an of revenue-related marketing $XX.X the drove Our were seasonally million costs, increase.
mid-quarter the all costs. higher the the year, and company a conference, the expenses As in up period, expense had anticipated ended both Compared to last growth we Revenue Brian good of than costs noted we quarter. hold a by were when year-ago continued driven incentive well, our to QX at our resulting associated then improvements. higher incentive markets-related with bit was
we forward, to in to our growth centers financial we a at businesses, rate markets. people invest As new add across continue high look and and and technology continue we expansion in
So, let expenses. XXXX things two me say about
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expenses guidance finished in just of the we costs investments, full compared Second, billion. discipline, expense This of is half which expectation revenue inflationary operating we XXXX, experienced $XX the XXXX. to to flat best strong with XXXX, continued seek. incorporates improvements second deliver leverage regard It below digital our to relies operational expected our continuing also transformation can year the currently hold performance excellence upon benefits we and the our and
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and only reflects still by slide we revenue half of increase XX. of Full increase Markets our solid given XX%, clients billion saw year good income results is Investments up this Switching in the for are expenses our the with company. year XXXX. more part year are a versus record revenue. in Finally, sales of business revenue. doing net $X.X trading as business equities, of This our made on another which Global financing included to seeing XX% strength of
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the realignment and X%. of on was costs contributed associated a driven to was by multiplier while growth the all 'XX, in financing QX in down, results QX. offset Focusing equities sales trading liquidating modestly in improved by FICC, activities $X.X in costs, Sales revenue of by year-over-year, other by trading. reflect and credit client billion driven year-over-year. environment driven XX%, sales revenue-related a FICC equities activity and and down in with of the the was and X% Year-over-year absence strength units effect. decline to move trading the partially business revenue, investments trading weaker expense
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As a and fully taxable reminder, the impact All for release, Other, we segments in financial equivalent are tax other statement And basis. business this of our all incorporate credits in ESG the items. standard any unusual the taxed on presentation the
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