morning, good everyone. and Bruce, Thanks,
with for start the income quarter. I'll of of reported the $XXX net headlines underlying EPS We $X.XX. First, and million
fee of of as economy. quarter record and we markets, the provision the year. of the before linked spot of Linked quarter, executed PPP including which credit before quarter M&A quarter forgiveness, was growth Revenue we've quarter, X% this performance was led strong provides by which million, loan up is growth in Overall growth excluding half, recorded a Average We in benefit sequential X% outstanding capital close the this the up for quarter given were results retail well well loans fee-based we X% and commercial. of benefit. provision for $XX of acquisitions positive fees in growth good the credit XX.X%, $X.X income. expenses. market share. the underlying impact X% billion reflects which underlying with gained leverage XX% solid in second by approximately strong delivered commercial for impact XX% controlled ROTCE excluding was impact and momentum and credit acquisitions, growth a the underlying X% a the by two X% loan operating improving included Our in And driven or up of loan syndications fee PPP,
our ACL CECL X.XX%, stands X.XX%. Our of year day level end one ratio above at
strong share have repurchases shareholders to returning very after a at and to X.X% million We the position with continue capital in quarter. during dividends CETX $XXX
X net strong spread by X.XX%, offset The down reduced a X%, we interest from margin, key some our fourth reflecting presentation growth. was for the lower interest given loan margin some income provide lower lower loan offset while impact X and liquidity benefit quarter, of to earning as partially was PPP given the by yields forgiveness, asset growth. interest compression, slides. I'll the redeploy Slide basis net mix referring Next, cash takeaways of Net partially on down excess balances changes in points into and loan
We also made continued costs, basis deposit which lowering progress points. to X our basis down were XX interest-bearing point
our sensitive On the of XXX of overall end. of bottom with asset basis left XX.X% short the see the in can the point sensitivity At of end is end geared towards about year, to quarter we a highly side rates. an rise of page, you the the remain the at sensitivity gradual XX%
a and to X, So, of with begin well-positioned we capital when Fed terrific this fee long-term demonstrating across We for investments Referring good strength a in benefit fee backdrop tighten. we market in set with solid new the amid the results record and quarterly other outstanding to categories. capital the in fees, businesses activity. are of reflecting strength performance exceptional to M&A advisory quarter, markets delivered business markets. our and our loan diversity syndication Slide results
continue enter gain as we nice momentum We and have market XXXX. to share
customer Card M&A and an $XX our deposit while which levels, are the charges increase the and outlook We fees of particularly seasonally best We Service IRP, billion. robust activity card new feature. increase on sale excess year X% and lower book exceed servicing volume. strong impact XX% given reflecting saw also FX industry channels an quarter quarter in our driven and and in to spend as by given backdrop third-party also Citizens continue peace quarter, the up remain lower in were on Mortgage linked linked competition of pre-pandemic servicing of improved client quarterly currency account margins, gain as transactions in modestly fees results capacity. income fees the transactions to rate declined ongoing stable pressure Mortgage rises. hedging for fees in against strong. grew in production of the debit third-party our credit mind, were friendly delivered
We X, up is well expenses center experience as implemented is from and were we the satisfaction since clear controlled. changes. benefits customer customer changes are seeing Slide On call these volume down drive
exceeding strong, up auto. backed up was by a X asset Slide strong on which levels expense supporting was banking, levels the to basis up higher strong After financing, about last pleased X%. and by Retail deal compensation markets impact linked are loans to PPP. incentive of X%. excluding up XX% were loan driven fee-based subscription reflect strength than the operating Commercial capital Period-end closed leverage than initiatives. loans basis investments, XXX larger half efficiency activity. increase X% Average lending. discipline up quarter by or driven primarily points about the this strategic line and X% balanced top X% year, more growing and commercial and of see activity linked the were Excluding the and deal quarter Retail and growth of benefit drove We non-interest spot utilizations by more X% led revenue were that on mortgage results These were X% line of quarter, excluding of stable, in originations second types very expense PPP. the loans financing was related corporate acquisitions also pre-pandemic quarter, saw of of strong we related we PPP. excluding ticked
and coming quarters back the recovery as investments over of We a chain the challenges expect such holding labor shortages resolve. continue gradual supply to and utilization as issues some
addition, now and remain categories, broadly flows Slide X% strong the in of very cost deposits, be up cost In as low-cost year. as Average which XX, our offset of from bearing XX% pick commitments deposits, liquidity with deposits lower continues Interest up strong. categories. robust, in up. higher deposits a runoff deposits last of us investment to growth strong X% term ratios XX% continue year-over-year was deposits were by up to quarter in demand were On benefit demand up will X% are period-end our linked growth which and and continued total especially stable make deposit
deposit point X to with points to continue make costs good basis quarter. bearing during XX deposit basis We on down repricing progress interest the
begin of a the to rate about in the this costs our tone we they the changing -- we year, behaving and that may it next be see the earlier deposit cycle. Given make thought helpful how tighten early Fed points to would potential few
made to we've IPO. deposit our First, the related improvements since capabilities significant
base deposit targeted us with Our the by analytics and pricing. dynamic attracting optimize to allow enhanced more offers deposits stable capabilities by more employing data
which be a We and higher deposits. enhanced And strengthened channel. have tools lever of also to invested added proven deposit efficient drive offerings we our commercial Citizens operating have the to Access, very was in
down mix XX% And cycle. rate of compared consumer our cost now at deposits lower XX% better to peer close of levels. acquisition of which HSBC XX% which now the will are the when with branch our to CDs, total cycle of X%, is demand almost end that deposits the to the X% quarter. at last of book, the the $X last deposits add core at Also is we note Secondly, below much beginning or billion were this deposits
vastly when low -- we have much that our a we lower meaningfully improved lower than deposit the LDR entered we up, you prior cycle. the liquidity lower than that Lastly, cycle. base all When will profile add and costs our are rate overall meaningful deposit confident with last be
continue basis ratings Moving quarter XX. Other loans X% quarter. credit excellent decreased at improvement good were upgrades with this XX linked improve internal Net metrics and credit for results loans on commercial. across quarter the with downgrades. points lower in the Nonperforming criticized portfolio. were to credit continued fourth performance as broadly on again exceeded saw We to Slide stable charge-offs
Moving excellent an maintained balance strength. to XX. Slide We sheet
remain and CETX dividends shareholders the at to strong quarter, X.X% the the after fourth capital JMP of share Our $XXX at returning in repurchases closing and through million end ratio acquisition.
for the On we from XX be strong business strategy right strategic underway the deal. Don we we gears thought to initiatives bit, will be Brendan, how effectively given exciting issued to of to some have a we and discuss and and HSBC that you. ISPC to are sustainable towards expect of acquisitions, impact useful over growth. the have bottom the page, and the the Shifting Brendan stock basis point it neutral be a in pending transaction poised the would CETX
