our of X. quarter details Slide on the at Looking second results
of third Compared represented $X.XX in quarter. revenues. income, the period to saw a our trading, same ago, revenue strongest Our year our interest underwriting billion second growth net we
modest However, this per generated earnings revenues. $X.XX. client share was expenses, more noncomp with declines Combined a increase advisory in offset than by facilitation in we of and
to our revenue Global to segment our increase ago. $XXX XX%, margins basis and a were increased a on Moving of X% year Wealth pretax an results. XXX million Management record points from
quarter was June. digits growth office to levels the AUM going return negatively new May, X% we a including $XXX and asset single billion of the expect to client note as impacted of with total process This fee-based that assets would billion, which we total I quarter, XX production forward added during sequentially. by XX-month $XXX growth the XX nearly we $XX net up We advisers, restructuring both trailing historical million. in with growth ended and assets were in the experienced During our completed advisers of mid-single the of a quarter. in saw was asset of
of summary bank to Moving condensed a slides one the [ We've Slide X. ] few on new overview into slide.
to highlight deposits. deposits So slow I cash continues stabilizing. and starting with sweep are sorting would that
net quarter As combination than anticipated, of slowed second a as impacted in chart, income to nonbank the we was sorting in pace interest $XXX our elevated recent you can income.
The early said, the months. items sorting on these interest had addition the to in see net of seeing lower decline more slightly That million.
back will this a sorting is of the relatively half expect still number on the year, in be subdued of market dependent highly factors. the we rate of While
lower year, second of Given the the second are potential billion. half updating our approximately quarter we the in additional NII year the guidance sorting and in $X.XX for cash the to full NII
outlook half balance Our year the various sorting includes limited expectations for and slightly lower the growth. back NIM of scenarios, sheet cash
net net the its While performance balance interest sides stable both environment of our it has driven been the remained market interest has our sheet. by margin, as relatively income, impacted has
balance risen, our assets and fact primarily asset our costs While sensitive deposit floating have sheet the is we benefited have are rate. from that
since While exposures greater beginning to their NIM year, have sized decline Stifel by fixed only with many similar banks XX declined basis rate points by XX of the the has XX asset basis seen points.
would to sorting stable hikes in Going if further and by forward, relatively cash anticipate are we NIM more than changes remain there rate be impacted our rates.
Our LTVs CRE credit loan asset nonperforming only than loans office X metrics charge-offs were A with $XXX,XXX. of and X average remain of is and of or all X% stands I points Class The ratio less our profile were strong. comprised basis exposure would which only portfolio reserve space XX%. at note that
the consolidated commercial to outlook, quarter, million additional balances. the and Our result loan decline basis some the in our our ratio a book credit total macroeconomic provision in in loss for of allowance reserves totaled increase XX points. was and $X.X deterioration was loan The
XX.X%. Tier XX our Lastly, be the leverage X Tier capitalized. increased portfolio, sequentially our XX unrealized Even capital continues X losses sheet our XX.X%. balance declined in to only bond to well points ratio by to capital points basis incorporating basis when
slide, the guidance discuss investment noted below Total I'll totaled $XXX release. in for segment the million the million, revenue which $XXX revenue quarter. our Firm-wide May our in institutional On next was group. our was second metrics banking
revenue of health relatively within mentioned the deviation remain the Ron given closings challenged. our up a And capital our electronic as positioned million. trading of decline, and scale. revenues but market As seeing electronic care in would seeing with revenue our groups.
Industry-wide Equity the our embrace at We signs clients million generated delays activity. our is guidance recently, pick factor which best-in-class totaled Equity were improved which but million, revenue have sequentially recent engaged strongest $XX engagement announcements our income fixed as in our increased in our the by due increased $XX still well we was $XX we're offerings of are the and was flow we increased consumer raising from share are quarter, Again, improvement trading transactional quarters, our as quarter, to as capital a remains raising $XXX quarter. the totaled as XX%. by showed million XX% business range verticals highlight in improves, lower was market research, some is the M&A closings up Advisory clients. benefit few value net in I revenue earlier, delayed which we was lower X% losses.
Similar to in year-on-year, offset year-on-year driven up to flat end
of some credit Transactional across half business be XX% to rates difficult the our experience our X% market in to see but of to growth we the continue the conditions we the market we We ranked nearly a increased first leader share as business. continue year. operating in number underwriting negotiated in declined share did revenue for as business, sequentially our municipal and #X transactions,
we through expenses. slide, go next the On
comp-to-revenue was in was sequentially. which decline the ratio flat was and Our first XX XX%, point a quarter year-on-year basis
presentation.
Noncomp levels expenses compensation banking our and accrue in approximately the $XXX compensation and million. credit Ron totaled thoughts OpEx outlook our noncomp to additional give conservative excluding the to later continue investment on provision at transactions, related, We will
insurance XX.X%. than by increase slightly at the percentage of effective as expense an XX.X%, OpEx result noncomp of operations. which expenses. some primarily the losses of a higher came incurred FDIC in over The was as marketing-related our tax higher was quarter prior rate increase quarter a during in was foreign The and in revenue driven anticipated Our
call the turn back I to Ron. Before over
Let me discuss position. our capital
Tier target. on We approximately $XXX X million XX% capital have excess leverage based of a
run repurchase Based in on net remains key program we allocation first of if our $XXX Additionally, rate strategy. these simply additional half our an part capital income, a our share you levels, million capital generate XXXX.
to XXX.X any remaining million average We for expect has over share some price, the Ron. note stock shares that to repurchases the Absent in we During price at million and fully of diluted let share with in would assumption at quarter in and essentially share our the our that, increase recent back share flat would the additional repurchased I quarter, call repurchases.
And million current X share we third the million. the quarter, XXX.X assuming count count X.X approximately shares. be have me our authorization. turn offset stable a diluted share came on fully
