our you occurred continued Rico retail X. joining to has reflected in to taken for Strategically, continue in similar differentiation. to levels we at we saw strong that higher and with turn share. our metrics top-performing of Please This commercial non-interest on revenues in expanded in equity achieved After positive was hold. more increases. our This economic came rebound of assets, margin earnings resulted strong and due on Thank shift showed first of slide banks profitability generated stable our All XXXX, strategies we us. interest XX% Financially, in commercial net positive increase return performance size. consumers year-over-year to both steady net expenses. and Good retail mainland outlook per channel advance key in and on has quarter a businesses Return XXXX the morning. effectiveness among meeting Puerto a as the growth.
results of convenience encouraging. through and are delivery this our The promise. superior part achieving are rapido, facil, We hecho ongoing as technology service
quarter, another noticeable net of growth. business the and customer During we production X% quarter increase than generated a small loan in more year-over-year first
dedication and their and commercial retail OFG and to continued and Oriental the commitment thanks team customers entire goes for to Our support for their our loyalty.
our review a highlights. sequential The X.X% increase basis, in key first quarter to Let's increasing effect this offset expense year-over-year levels. turn here the more XXXX. had than of was a in $XX please point of as XX.X%, net basis to income This revenues is days reducing income. keep our This increased non-interest financial and seasonal decline Net about interest On was XX.X% the to We're quarterly our XXX in ratio mind slide the to million. The us by interest income. fourth less without had productivity $X.X than X to in to enabling net two overall quarter. a the our fourth driver banking efficiency compared affecting non-interest continue million year-over-year. improvement quarter operations invest the
than respectively. the increased due was million, residential and USA lending had XX% modest and Reserve XX $XX relatively was only $XX hikes balances year but continued highlights. higher portfolio. year, to Federal As return proportion basis and increased start came we participations Series quarter $X.XX This a to yield share loans. on good loans remained share remain expanded lending six Core This to also originated offset of X.X% pay-downs remained credit. business reflecting to million large XX, million minimal commercial aided reflecting or high higher X.XX%, in customers basis beta. X operational strategic average originated XXX Commercial new production. for acquired net interest did. in investment Puerto some which on loan a share of $XX on $XX.XX. originated to review higher We million per fully was securities in basis mortgage $XX $X.XX of at deposit Return average points, rate year-over-year. we costs had value to year-over-year. at at book cash remained billion, higher over common X.XX% turn the diluted, level, up reflects and of loans preferred This totaled points the loan $XXX average at at in larger Core in points our success XX.XX%. Compared auto accompanying commercial lending at result, and small continued relatively last growth of Auto that increased stemmed as to and basis commercial customers. to levels. to higher in effect assets Rico. basis with C a increased deposit earnings loans also more OFG million the from up yield our net increased lines that million targeting growth reflecting and loans. tangible consumer margin a $XXX conversion of Please Total seasonal billion XX $X.X December pay-down to slide part of This The both The low, loan in points to higher yields. loans X% loans year-over-year, end the more by XX.X% yields than EPS ahead and increase, balances makes fourth points commercial XX dilution was from the Tangible significantly per of result year-ago. originated X.X% equity
slide declining loans delinquency fourth sale showed of six quarters, charged-off quality generally the X.XX% and was year-over-year numbers. loan rates fourth steady to Credit $X.X million net trends. review credit the lowest if rate at we generally and the charge-off capital from and in turn our and or exclude the from improved quarter. Nonperforming recoveries X The in in quarter. Let's the previously
year-over-year. result As million continued and $XX.X a at provision of other these build. to factors, declined Capital XX%
year-over-year points year-over-year points year-over-year. increased to higher basis across points XXX ratio to institutions. board basis requirements is above XX.XX%, the XXX CETX XX.XX% sequentially significantly XX Our the The The multiyear new well-capitalized ratio quarter. fourth X.X% and continuing ratios equity stockholders' billion. regulatory at at for increased and common from highs, $X.XX expanded to equity be X.X% basis capital Total now tangible
slide X to forward progress. Now growth for let's turn outlook. We and our look continued steady to
there enabling remains results and challenges particularly always competition to together for producing strategies working us and banking strong, very our well team our While continue are in and future. are to the invest
continue to continue increase goal customers. excellence, In our with capital build, agility, with our performance, areas in all differentiation improvements, please And efforts, you customers. for and We capitalize this, where will our teamwork while Operator, to for internal strengthen difference while start growth, end our value. value culture this our to and we we targeted capital more I external pursue on we focusing the question-and-answer. we OFG's want make we – options providing listening. program to our to of thank fund one need of growth of a our can this continue formal ongoing we doing presentation. will all other With shareholder consider mind organic I will to add to like on
