Thank act website in investor was in presentation now and tough earnings us deck the today's filing is will you, available portal. but Chris. Certainly, I through to take our that on follow, X-K our included a
company to from X.X% and quarter Slide prior that respectively, was summarize $X.XX, quarter EPS of income X diluted net Jumping XXXX $XX and was To increases, X.X% reflecting record results, fourth results. a deck. GAAP million
In common equity, tangible a return X.XX% XX.XX% produced average a on return quarter results over up XX.XX% quarter on the assets, significantly on return a all prior fourth common addition, equity and results.
comprehensive Regarding December and increased as tangible equity, share an were fourth stabilized strong There value no earnings per income. impressive the quarter. book during share the $XX.XX tangible other XX, to $X.XX reflecting repurchases of
way the will deck, we the details key slide. As drivers additional through the performance our behind the on hit move noted on here quarterly we
as And quarter or of provide an a We for Turning annualized loan now the balances to high on here, Slide portfolios increased our for quarter. summary level the reported X.X% X.X% basis. X. noted
compared decreased increased which, rate estate. across with the nicely commercial slower anticipated, As when noted, balances growth strong than both the to activity at environment, prior also but prior and rising Residential commercial a quarters, solid C&I pace along real activity. payoff fueled Chris closing loan with and refinance quarters.
provides quarter. around Slide additional loan details some the X the for activity
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well for activity heading good balance XXXX. current bode However, the into should closing still
slide, can this the the see is of asset for industries year. of the on And in most we've as majority you classes referencing been noted activity and
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decrease combination competitive now to pricing of and Moving the in X, led liquidity impacting overall to pressures deposit a inflationary customer X.X% Slide balances.
ago. different account strong, are than a just but no we a in secret, New we few environment deposit it's quarters remains activity were opening
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and this rate of CD while compelling on customers. higher set money market a experienced occurred in and majority savings well with noted as flow some business the net served balances slide, consumer balances retain sensitive outflow to some as the product of alternative As our level
level deposit in these total effective of reflecting low isolated a deposits all in XX%, only at the with quarter, the basis rate an prior inherent X.X% points, XX increase beta based basis the deposits. the value the Reserve beta quarter cost to expected, of from dynamics XX% for XX to of date deposit on points the up still hikes, the As our on or resulted the cumulative was deposits franchise, only interest-bearing quarter the Federal when of for
deny touch do upon pricing that deposit pressure and guidance. has outlook forward cost in we increased, not our we However, will
in of point of risk to core previous XX increase a slide. in also volatile or positioning to into the of of customary guidance breakdown right manage as Slide snapshot items a the net absolute reported X basis well basis reflects been quarter a significantly The the sensitivity reduced, reflection interest and on rate the sheet non-recurring margin. interest our core increase a to back cash as and is well point margin our line of right XX sensitivity overall has with basis balance the with margin bottom asset reduced With reconcile noted positioned XXXX. levels asset heading in
two been Moving built earnings provides actual a category's asset in timing still key of release has both Though reserve the X $XX charge-off and key over XXXX very is some already that the amount quarters workout. referenced the specific first, Slide reflected QX in non-performing majority recorded worth up and levels fluid, QX still with in allocation still last on in C&I the assessed. million the Addressing notable the provision development being of credit is metrics making in highlighting. to quality. balances the
now status delinquency the the is main surprisingly, quarter increase driver the of this Not delinquent of in the rate. fourth loan overall
at annualized. that staying no Aside for of with credit loan, charge-offs negligible or basis X noted point pervasive the assets consistent concerns $XX.X million non-performing from quarter are only and $XXX,XXX one other relatively
and ATM Shifting non-interest few highlight. income I deposit on of gears seasonality. in a the for will items. to results fees interest which account reflect the Slide typical quarter, strong Decreases net details XX interchange provides
incentive continued money new as earned strong retail strong Regarding in commission investment noted, Chris of significant management performance, revenue the non-recurring very reflects $XXX,XXX. and income, income increase a solid inflows, market one-time
increase portion investment strategies, shorter-term billion a increase generated well inflows quarter synergies a wealth last is billion for administration at the to growth as a $X.X to under between $X.X the colleagues. end and as the developed tied is assets testament from in relationship bank over year demand Though to of cash many from years customer of meaningful the performance
pace have previously expectations future lastly, nicely of over become Loan other a level derivative a $XXX,XXX the on income customers sale more gain of as closed branch comfortable increased the non-interest with rate income building. changes. And includes
of reflect slide. the prior a operating the X.X% $XX.X expenses next to quarter. from Total Turning increase million
expectations. variations results, increased While insurance spend, is split quarter in the the in notable of increase prior value changes to quarter dropped quarter contains tax fair And to fourth level some lastly, technology with specific to the corporate returns. such line rate XX.X% adjustments obligations the quarter the dollar as typically some and related of overall the the discrete filing of the as tax for reflects the
now will the year. shift obviously forward gears to XXXX Slide We'll and which cover remain throughout XX fluid guidance,
more and growth the commercial books. digit real of the percentage the in balanced decreasing And overall XXXX range. overall consumer economic both see play, loan commercial estate still uncertainty in we low-single expect at the activity With across we from level should with levels, payoff growth
decreases anticipate year. percentage we provide into low-single range. in on time, is the in updates As quarterly rest balance at deposit efforts, continue, focused of the and in throughout certainly pressures digit expectations will balances for volatility Though, will customer insight of deposit this the to predict on first deposit we quarter balance the year we difficult additional the acquisition remain XXXX
current modestly will some and/or year, a balance anticipate activity the at profile cash of borrowings we be sheet the of throughout deposit wholesale of attrite the course will year year. end, actual Given securities function and the loan while level over
tied Deposit reach to income, to range to yield XX% prior combined continue composition loan approximately expected Regarding with current portfolio. overall with net beta the hedge portfolios million reflecting through to are macro deposit stay to in we from rates, XX% of betas interest the cumulative $X.XX expect short-term betas the total to cycle. of the XX%, quarters currently increase the
early the results basis points of points, net XXXX quarter on In XX in assuming Fed days with income first interest terms reserve a quarter margin that X relative reminder by basis expand February guidance, first lower expect rate the during basis of the net a shorter-term an points drive to basis. we fewer X increase will interest to
provision our Regarding keep than term the full think it's a and outlook. guidance more asset year quality we in to near levels, anchored prudent
for overall large or loss future will C&I levels any has driven be outlook. mentioned previously migration quality the metrics As changes loan provided provision in asset by continue estimate growth, already been the economic future to of
change of to an low-single fees noninterest Regarding despite total our XXXX is fee $X.X income in million, anticipated compared growth deposit income, degree anticipated interchange to account XXXX in continued QX. by a QX likely management, level similar continued in growth late Key by overdraft anticipated to reduce program are operating expected drivers the the to approximately the derivative in grow a driving digit core percentage to product growth ATM the accounts, in focused income over though momentum wealth experienced and not demand in on noted fee loan QX levels given totals.
will continue mortgage opportunities XXXX. reduction banking income in to pipelines, for much and of refinance be the decreased mortgage Given challenged
of fee fee in and the percentage to a levels. quarter expected noted guidance, income compared days of income QX, reduced level high-single the fourth down more level QX QX when in is immediate to Regarding increased digit non-recurring given be
as to to total Regarding investment the high-single mid transition in improving expected inflationary operating recently in for customer expenses items with which non-interest year announced increases range are some expenses, compared the increased full XXXX exclude one-time CEO the experience in levels, pressures the drive continuously associated and M&A. digit to
full XXXX to to range in percentage a of guidance, lastly, QX low year. is levels. for And the are immediate the rate mid-single tax increase digit terms In over expected to to XX% be expenses XX% more expected QX the XXXX at
we and to comments, it questions. my now concludes will open up That
