Balance SheetBetter balance sheet growth and deposit trends drove a 7c operating beat.
Interest IncomeBetter NII was the largest driver of the 1Q result, with the pace of funding cost increase decelerating and continued loan growth driving higher interest income.
Loan GrowthLoan balances increased a group high 5.9% Q/Q, reflecting continued growth in RESG, with real estate balances increasing +6.4% to $21.5B, or 77% of total loans.