Record Revenues and Growth in Fee Income
Revenues, adjusting for last year's securities portfolio repositioning, grew 17%. Fee income increased in the high single digits compared to 2024, both for the quarter and on a year-to-date basis.
Net Interest Margin and Asset Quality Improvements
Achieved a 2.75% Net Interest Margin (NIM) for the quarter, reaching the year-end target ahead of schedule. Asset quality metrics improved, with NPAs and criticized loans declining.
Strong Capital Position
Reported CET1 capital ratio approached 12% at quarter-end, providing flexibility and optionality for the future.
Wealth Management and Commercial Growth
Assets under management reached a record $68 billion. Relationship households and commercial clients grew by about 2% this year.
Investment Banking Success
Raised $50 billion in capital for clients in the third quarter, retaining 15% on the balance sheet. The M&A pipeline is significantly up, contributing to a strong outlook for the investment banking division.