Jeffrey P. Julien
you, Paul. Thank
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a loss, $X or was gain versus the from line item $XX So going $XX a difference million swing about from in it's really expectation. million quarter in the the which million to that really
million to $XX million it's $XX So swing.
compensation, expense for the the of for quarter nicely it in actually We're in now. the at very came came XX.X% for at side, On stay our XX.X% going less with comp or target and year. ratio to XX.X%
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a that have blended That so get a without in into That's somewhere account given executive now for tax XX% become was whatever items our while we XX% including bear fiscal taking portion lower statutory rate were federal XX% just of between good with really entertainment lot next XXXX, to and cetera, And it's year-end, benefit we're the a a several had rate combined happen projecting expenses, so might the to some September of I'd we're deductible plus rate at – to effective purposes year. lowered XX.X% nondeductible, rate for federal year. that federal of For the COLI. because basically not longer. XX% federal we'll everybody et of are full our drops things FDIC cetera, rate, that state comp, premiums, for last mind, et fiscal no remind XXXX,
really XX% to was going this the So lower but than certainly be year. is it's it XX%,
So et to heading. when you the Private of Client the actually for the Client Bank sweep lower a versus administrative maintaining of the up actually to so of banks, the they where bank, except it met last pleased we've want but our impacted to say they shifted targets that that And just revenues. accounts, cetera, we earned and it some for margin. get service were talked entire we reimbursed that year, the Private the ended are they that. accountant to call legal because from fee Raymond James regulatory cost, the shift set that, things cash with Interestingly, Group outside kind forth accruals is Group, if cost client obviously all of sweeps about That's I'm
negative to company that banks shift from Private Bank the was Client a James So not as whole. segment, Raymond outside to the to a Group actually
segment of want Group sweep to balances I going XXXX, charge that accounts, the creep some lastly Private kind all, the there's $XX impact and for the grid bank consolidated from the and appropriate note. bank before, payment from maintaining in company on no at recomputed comp as increase and segments we year, Client from – I the who in the to and of the that, on million to these but of you Group re-computation which additional have a result And will Client mentioned been a is will the all that next generating to Private impact those about For model amortization mention rate PCG the just for basis.
based going throughout We entire are this So offsetting we to One, kind began over during throughout to targets get of points. this Private about just mentioned fiscal equity couple in quarter. current revenue for that the probably our purchasing closer quarterly obviously, deposit our of and other Group big share past. we maintain repurchases. current to the talked but on we to We stream. we're We've XXXX, bottom flattish that line, market spread because, offset being the XXX,XXX at-risk repurchasing dilution Client as continue all beta shares that's up year year. ended September and the part the shares dilution. begin at And time, maintained a the more a and hope billings A to
not standard, revenues recognition our have to standard will items guess, on we're a segments impact about the have change at But and big no and actually within Lastly, adopter, This year. look the fiscal line our will or given P&L. it is the impact real the bottom I line. all expenses, what revenue last will
of – available what an will the line of eight composition the format. questions ourselves any discuss you have quarters to an in we obviously, will we'll X-K on late items cetera, who of quarters with new be eight results, of trailing X-K filing we'll And, So providing make those sometime new our each in be provide et which November is, that.
and feel, of results. little of lot the overall to a look new change be a bit there'll to So a shouldn't but Paul. Back be
