For the third quarter, net interest income from loans and investments increased from the second quarter, but fell 2.4% from a year ago to $4.17 billion. The decline was mainly due to the impact of higher interest rates on deposits.

Non-interest income, mainly from fees, also fell 2.4% to $2.7 billion from a year ago. The decline prevented the bank from enjoying a repeat of the surprising jump we saw in the second quarter. Previously, commission income had fallen for five quarters in a row.

Still, the quarter brought good news.

While overall non-interest income fell, the bank saw a double-digit spike in fees from commercial and investment products and “saw good year-on-year growth in trust and investment management revenues, payment services, mortgage banking and treasury management fees .” Cecere told analysts, adding that the bank also benefited from improved underlying market conditions and expanded distribution channels.

Cecere and Chief Financial Officer John Stern noted that the bank remains committed to balancing its capital growth and expects to resume share repurchases soon.

During the quarter, the bank announced a new strategic partnership to serve Edward Jones customers with select credit card solutions. It also announced that it has acquired Salucro Healthcare Solutions, which provides healthcare financial technology focused on online patient payments and billing.