morning, Brad, and good you, everyone. Thank
well-measured cycles. resiliency results record approach, continued Our new XXXX highlight market gross across quality achieved of this $X.X balanced strong our quarter business credit quarter. and We volume second billion
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do dynamics perfect natural these counterbalance are interest rates. Although they changes to business offset, from volatility mitigate not short-term in
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hedging modernization allow and to be enhance year-over-year, threats is to the with cyber our to This XX% Let's move technology multiyear a diversify to systems trading, primarily and treasury by product this and expected scale to expenses. to that turn us are operating and offerings. our is associated we're effort Expenses position and platforms. increased investment our cash our and expenditures that due in making also defensive portfolio fraud reporting against us management
expect our years, rate strategic several next to support increase operating pace make objectives. historical at to to We above and expenses to a in growth and our continue the given our run infrastructure team plans investments over our averages
XX% XX%. at a target because than rate year-to-date growth significantly plan higher of this is increased our is and revenue expenses. efficiency operating strategic below primarily Our And
make ratio efficiency and investments some We we XX% level. funding continue our loan will accelerate the monitor above as in processes growth, to to our our and we platform temporary loan see may closely increases innovate continue infrastructure to
of seasonal very $XX decrease despite in delinquencies loan planting profile permanent aggregate delinquent as as remains saw from repayment quarter in strong well a that first economic a in quarter headwinds. single credit a became the Our XX-day from first million We XXXX.
XX-day June entire points reflect our of delinquencies basis As XX XX, of portfolio.
storage telecommunications June million was a the $XX.X to portfolio. rural total of XXXX, in in XXXX. processing reflecting increase As and for primarily XX, new volume infrastructure business portfolio agricultural finance increase agricultural of million, losses new the volumes attributable The was the and from $X.X allowance quarter first
in purchased an and half liabilities proceedings end, that storage assets entity first single a year. were the loans the the quarter bankruptcy the of subject agricultural and of to processing Subsequent assume to
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in sequentially, Farmer capital capital. Mac an retained increased XXXX June $XXX to turning earnings. capital primarily exceeded of as Core XX%. billion $X.X Now statutory our million or requirement to XX, core increase due by of
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stayed balance that conclusion, in exceptional has on plan be of quarter each on our our ever So our We highlight we and a surpassing this we we're staying delivered XX%. believe return results, the to quarterly within to optimistic well our below for that target objectives. XX% credit more framework. entire and team continued well efficiency strategic Notably, deliver equity than call metrics positioned key delivered uncertainty, on while our long-term record sheet
you. And with back that, it Brad, let me to turn
