This is the preface to the CFO’s segment on performance for the quarter.
In my remarks today, I will focus on the following: our loan growth and favorable shift in our deposit mix; our strong gains in net interest income; our growth in commercial and consumer fee income, excluding our mortgage repurchase provision; our disciplined expense, capital and liquidity management; and an update on our outlook for 2012 versus 2011.
While seemingly innocuous this quote is indicative a huge shift in focus for the banking system in general. Two years ago, banks were focused on capital and credit. Today, the focus is back to growth.