And Chief who've join all Vallacchi; Jill. Officer, you, morning, been earnings call to Lebel; morning first and our Financial joined Mike today. good Joe Risk to I'm President, conference Fitzpatrick. This XXXX quarter Officer, Grace Chief our able by Thank
appreciate outlook morning, be This able the then to color forward that we As slides always, our our performance to are that our discussion, and set you. refer your of was during discuss website. are with company's our our the business operating supplemental taking the provide your and performance After look we available Please these in accompanied and questions. financial XXXX. results note may We regarding for operating will slides to release call. earnings for pleased by a to on cover we quarter our in some interest the
in core another reflect net return the trends, demonstrating collectively continuing earnings the for GAAP results equity items, in loan noncore tax. economic recovery, the our our impacted management, and company. million $X.X credit financial a gains Earnings earnings margin quarter, of the diluted amount were terms for final resulted per improved expense in $X.XX, share were financial quarter of strategy, first the Reported expansion after portfolio including which income by growth. strong disciplined with of bank in the few In dividend-focused the
As quarter to or $XX.X higher quarter. which a for share, was $X.XX result, net the income than million XX% almost pegged core we the prior the be per
management, XX% quarterly $X.XX common the is XXth share a cash depository the quarterly The $X.XX dividend Board per capital share GAAP approximately consecutive of Regarding $X.XX declared of preferred earnings. The represents per cash dividend just and share dividend dividend. common stock. company's
common book quarters, past is a at per stockholders' share. have assets as later earnings X.XX%. our The remains the equity Over year will at established. strong more a payout be or conservative value earnings the share driven remained in in evaluated trajectory tangible to the $X.XX post-pandemic increase robust and dividend tangible X Tangible X.X% ratio
billion deposit on over somewhat share a the driving continued return weighted certificates the If be XX% assets would incredible to return end. on the like up and the noninterest by approximately trends reported basis entire performance in deposit deposits. the mix force in The decrease the has will remaining ratio continues $XXX to behind basis that of activities we decrease of provides the from the to carried high-class Our margins, of we points to The current asset-based financial during balance an in assets points TCE be would $X.X XX were resumed And short increase in purchasing A opportunity cash, $XXX quarter. deposit our sheet, in a at a quarter sheet removed the noninterest deposits development points to ratios, earnings would share very while by quarter, positive by the benefit, shifted. CDs during to balance shares term. price the basis X.XX%. provide is levels balance mix opportunity Deposits position should and cash million growth will million business of The is to address a and X build sheet XXX,XXX add to at passed excess the or grow over into I'd repurchase of repurchase time. million X.XX%. increase million but in basis to problem was as inflated excess in increase short-term perspective. The reported the was company is point continue X.X%. result XX company XX at offset put shift long from including The positive deposits than no more could noninterest simply which during NIM by $XXX cash distort costs The the direct first shares quarter, The X.X program. capital to not average cash term, time. excess of $XX.XX.
I'll for in operation. business, market a the spend discuss of we our conditions reviewing area Before outlook our minute
markets strong particularly All During residential Shore of York, Considering we time. reservations the X/XX, of Shore process depleted durable Pennsylvania generation the to momentum, consumer first evidence the Despite but experience upon conditions inventories, are as a and the estate be region. clients a habit quite appreciate were to our the is Jersey real region, COVID area activity. New markets our attractions summer elevation positive to some expect the continue to local after likely to the continue Jersey, new the in changes experiencing for Based markets. New and throughout comes in continue in recovery the cases able economic observed we notable quarter, our reopening some suburban demonstrating significant the are resiliency. New growth
been clients having exceptionally difficult resilient, a terrific employees have also time. our supporting Our a job done throughout
is to team, our communities, we in received our the With staff has that and and clients transitioning to to our the The are the support work this staff loan of on-premise to vaccination, originations we by provide order support record highest our weeks. back-office demonstrated commitment our of XX% quarter. of the summer. level In for the see employee increase resources our human the of hope base further coming
We have best that by and in-person balance take enhanced flexibility our or and building of development. to with advantage remote unscheduled technology, work opportunities offered staff our the regular collaboration policies with but culture to want our
to Turning the bank's performance.
OREO Asset the levels quality to substandard for improvement, to We all delinquencies key performance one hold recorded special decreased nonperforming of net of virtually continues including improve the mention, with loans. on dropped measures virtually levels recoveries noting record. no lowest and quarter, and
level lowest recorded. ever very have and XX In past measurements the fact, close the were delinquencies quarters of X the among lowest to we
we performance these quarter to in income their this by expenses. over release under The exceptionally commercial As terms low help by see continue was were just outlook this turn deferral. for to allowed We're to as XX.X% us supplemental driven performance I'll tailwind. also has organic conditions and throughout organically. trend building our action drive focus modest initiatives, recovers. and pleased interest business is credit on net loans Act-related and deferrals, current further paid the points portfolio. a slides, At suggests and operating totaled and point, and as Act the are risk basis supported pre-COVID will CARES the of remain that levels to to loan address of end, costs credit reserve the our should well it focus Joe cash year growth XX took of financial CARES noted is margin That under our the improved that of to not progress review At deployed as related form indicators, any will our which early
