Thank Scott. you,
Turning to XX. Slide
million point XX a was assets. Second net to growth points million, It in is basis important decrease revenue quarter. $XXX interest due quarter decline margin trading basis QX. X basis a X%, point of the $XX versus margin that linked interest decrease to XX note was Net was
to Our grew was see but grew to When more inverted, of both the we you business can curve dilutive to dilutive as significant. relative flatter trading experienced quarter, as the rest margin trading are trading and assets margin or the income net is yield revenue fee the at profitability, sheet. interest balance or this higher which is impact of spreads in narrower trends, interest assets grew net the
point basis competitive the decline driven the of environment. deposit the point Net was remaining trading, X from basis XX by impact
deposit increased to basis DDA As reduced although average increased costs XX%, beta deposit a interest-bearing, interest-bearing points, shift pace. and continued at into interest-bearing cumulative to XX the net
better DDA the without the XX.
This interest impact June business of deposits margin was and and at net XX% trends slide net with shows total comparability. highlight revenue of interest trading and to
position. our rate X.XX% of the in assets quarter. For second assets, driven stable the loans quarter the net versus trading quarter as the Growth balanced earning XXXX, first portfolio excluding the X.XX% securities was maintain in impact during the assets by remains of trading to margin, interest risk was and interest
on strong basis Slide capital was basis, and deposits the absolute prior to Turning ratio Liquidity loan-to-deposit continue and an unchanged peers. and to on from be the $XXX quarter. Total very grew XX. a period-end million versus XX%,
a continued X though movements, and price-sensitive slower trends was in second Early in with payments expectations, the quarter, the we consistent trend our and competitive result grew some happy rebounded April billion in in the we quarter. such May, This Balance in driven at quarters. back $X are tax by half the saw a a the downward in prior of with deposits environment. we and pace early
from equity points due XX increases of and unrealized up common tangible XX TCE, the maturity quarter including linked interest ratio is growth losses X.XX%. impact Adjusted to but points down sheet in rates, on securities was basis basis balance to X.XX%, year-end. held Our
adjusted and X.X%. XX.X% AOCI, is would if be CETX for
ample for buyback. are array the organic in for across As growth plausible regulatory additional while allowing we outcomes of support at industry, have being that changes we the to banks capital time, the capital size share continued proposed same our range, believe for
shares XXX,XXX of repurchased quarter, During share. an we per at the average $XX.XX second price
Turning $X.X to with $X.X on by compensation million X, a payroll Linked seasonal mortgage million business a quarter full $X.X increase $X.X to increased while due driven million to expense a $X.X Personnel a Slide of increase merit to annual due appreciated due grew of in primarily $XX.X These the quarter to incentive prepayments were expense taxes.
Other by and partially by effect production. million $X.X the expenses an increase million, X.X%. million asset implemented decrease in costs $X.X BOKF new million XX. operating offset or increases in grew to cash-based grew banking due million, donation total March the seasonal Foundation.
Year-over-year, expense XX.X%. total operating increased
However, the this for deferred of in compensation includes impact value-driven market swings stock-related vesting and assumptions changes in compensation. the
to increased increased production. X%, Other operating cash-based with total increase to expense expense Excluding technology, in continued facilities and factors, FDIC operating compensation to XX% compensation those related XX% expense X to increased and personnel due compared increased total investments QX due in primarily business XXXX expense. regular a new
XXXX. our XX. Slide to Turning I'll for expectations cover
should competitive geographic upper growth. business the and Economic other from continue environment in a be migration for expect single-digit footprint in conditions Changes by We to markets. supported loans favorable tailwind. in our annualized be remain loan
We our rate flat risk portfolio a expect position. to securities interest maintain neutral continue XXXX holding in to available-for-sale
We low to the in the stable ratio XXs. be or modestly loan-to-deposit and expect to deposits remain total grow
here is deposit will and million approach July are XXXX.
In we and additional in increase increase $X.X Reserve the XXXX. pauses. and expected deposit 'XX Net runs betas course. that interest-bearing margin assuming $XXX Federal balance lower the We Currently, basis near be throughout commissions attrition one billion total before we believe aggregate, point as its XX revenue to for expect for income fees migrate interest demand to
XXXX. of throughout to expenses ramp migrate second levels special slightly QX ratio mix the above our expect the which XX% FDIC of up. XXXX or impact market our the shifts to as slightly revenue remainder finalized be half assessment, and the of in not include 'XX could We strategic This near above does be in efficiency the expansions
Our above combined to and strong the of reserve. peers, expect we allowance a credit maintain median our is level
we will quality, Given expense growth strength the expense. our recent expect Changes credit loan expectations for provision our and similar quarters. that in provision impact the our quarterly of economic in to outlook
Stacy year.
I'll now back in over of the to Kymes We expect the to turn opportunistic continue for closing second the share call half repurchases commentary.
