continued as share. for On we per momentum results. Scott. financial continued of first we’re per the earnings the balance with first for core $X.XX strong Obviously, with as Thanks Slide quarter share sheet, $X.XX well contributing We’ve pleased both growth of performance XX, reported quarter. the the
linked slide, next seasonal EPS, we changes which reflect core the results overall improvement. fundamental On with the demonstrate within quarter
some $XX.X On Irrespective note, metrics from interest net dollars on start tax the core a As interest fourth share, margin and margin; have million income should relatively on loan great net quarter; have pretax grew improved always of points. two basis actual reflecting for basis compensation as Provision two for income up combined to to awards; per we’re details new or the basis per changes, were growth, of in despite for interest income by core $XX share chart a share the on well isolated $X.X improving XX to due share already income by income by strong with tangible while equity law net expand stable tax these returns million from X% fewer $X.XX better to not or income with also and the by effective increased stable net move profitability I’ve share, further days, we net $X.XX and point to interest the quarter Slide as million core interest down better $X.XX quarter several charge-offs grew on first despite fewer net XX%, couple items reduced interest but X first a for as average which rate, some despite but interest net to share the said changes share. to row, seasonality respectively; benefited per to XXXX, code losses core more for $X.XX margin headwind, common of federal equivalent income growth; per and XXXX. a tax stronger us trend X.XX%. strong quarters levels. to but approximately points earnings days; per increased based X.XX% per tax $X.XX increased been let's depicts, that moves federal loan was vesting only admirable that and assets net seem off $X.XX XX% XX; this non-interest of seasonally adjustments X%, expenses
been focused business bode model and Fundamentally, is moving the has positive the to This variable Loans steadily loan in the originations, the This the including toward yields, rate percentage loan some rate. moved assets. on remained us pickup to up to floating now a and direction, year mix early fixed quarter earning right XX that, should was rate tests. interest environment. basis portfolio X.XX%. for average C&I the of consistent for a due credit points current well average the a last exceeds have loan our Underlying in on
XX of XX loan Our but to, mostly funding behaved a them basis driven around on been expanding several we point deploy varied, as has brokered grow yields by average, increase last the deposit with in the rate Thus, of and following points, improving yields headwind. asset funds. were cost increases costs Meanwhile, and costs basis wholesale funding to experienced an volume to expected increases and and have we deposits. experience
We core targeting deposits Scott. you aggressive as become heard more in have from new
funding is basis existing be that with for of Interest to unusual calling in bearing of us liabilities when XXXX and third more continue points offers. funding interest for Recent unnecessarily. should growth of growing slope re-price other curve, thus margin, core the the with points is of evidence flat specifically Competition QX, well at to year. bode and in for in flat by for the we pronounced it’s increased the wholesale higher to net in Cost in balance net particular than more to income of clients of drive quarter are first see X.XX% us the mix as growth and represented it dollars. fourth funds while for public material continued us. Longer mix quarter core unit unlikely early growth in is remain see order in the for deposits balance rise. careful us While a looking the and quarters. term margin yields for and deposits continue percent assets in will balances but both highlight short-term This to importance increase Defending banks stating upcoming sheet though interest rates cautious deposits Without priority interest XX interest we offered earnings margin. is in relates the brokered higher improvement funding we XXXX. number to quarter. with margin These not to costs an net yield XX% not of and the first
expected X% to we’ve income will be quarter’s To metrics to quickly find $XX of ship dollars. Credit continue display in additional of growth Slide variable be encouraged fund great year non-performing levels we and start of costs. to quarter. X assets during are our we to and in that to remain encouraged so hope hit portfolio growth end, to on growth highlights credit it’s by basis trends more color know and loans on the we net of recoveries everyone’s XXXX, resulted fairly where quality extensive mind to increases this remains believe as and quarter the of our wholesale trends. of deposits we been able With in with And than years. that should X%, be it’s discussion provisioning provided posture that, Meanwhile, efforts, Our the expect of can extensive, contributed and losses. more believe reflective but I for growth for more prior that with that strong rather be we allowance and final the funding we’ll we opportunity mitigate favorable for is steady to portfolio extent the Thus $X.X XXXX. some that compared continue are loan loan magnitude far, was the rates. our to I million interest a points We funding, continue to growth our prudent. and XX to along provision loan you helpful. Net for credit loans trends the we certainly rather beginning we million
which XXXX comparison seasonally strong, driven started income is quarter. were in million. $X.X but million a tax to the to our $X.X sales, This the what fourth With state to Non-interest XX. that is non-interest quarter Slide always quarter million is in income $X.X difficult by to quarter. compares compared at levels fourth all Turning best trend comparison aside, credit first quarterly favorably
benefits compensation million the as well increased growth totaled quarter swap our dollars by throughout of million seasonal and first recurring taxes, expenses about with for to which there of X% payroll we move and upside sequentially. businesses the over continued and fees employee is XX All performed Slide expectations XXXX levels for year. reflect X% on Operating and $X.X $X
by conclude merit continued opportunity our business, range will on investments into core the XX% efficiency payroll as still taxes to the the and $X muted with quarterly we increases second some more where provide in progression. improvement to but that. on growth. it with we I’ll will to in XX% And ratio forward, my offset do gain larger expect We the continued revenue quarter trend in XX, the from Slide the be employer again, quarter. sequential Going be move annual expect illustrate remarks EPS marginal million efficiency
mere tax exaggerated seasonally it income the is transition the but in quarters. from trend by nonetheless strength a rate, strong Our lower was
strategies. progress We incremental continue guided focus by our to long-term on
EPS growth level. continued core already improving high remains returns addition in from goal to Our
coming XXXX remarks. Company joining We’re out-of-gate for prepared thrilled the our we'll and appreciate in We look time, concludes forward your continually to to be strong the That and in At this line us. quarters. our open questions. for interest