We delivered another strong quarter, with $646 million of loan growth, 11.5% year-over-year loan growth, continued expansion in core net interest income, and peer-leading credit outcomes. Our disciplined approach to managing the balance sheet also helped us exit the quarter with top-quartile tangible common equity, despite a period of rapidly increasing interest rates.
These results are intentional, not accidental. They reflect decisions we have made consistently over many years around capital, liquidity, interest rate risk, and credit. Higher rates created headwinds for mortgage banking and fixed-income trading this quarter, but we view those businesses through the cycle, where they provide an important source of diversification to our overall earnings profile.
We manage the company for the long term, not for any one quarter. That discipline, combined with the diversity of our franchise, positions us to deliver durable performance and continue serving our customers well across a wide range of operating environments.