Good morning, everyone.
first fourth million. items to income you are release, quarter press of net don't a as share income which on you the $X.XX on as or million. That saw, an storm-related Very adjusted be income saw in of losses. as and the quarter. provision the $XX quarter a Provision to $XX.X $X.X million performance, $X.XX in non-GAAP quarter, million other million driven the net in fourth So and the quarter. been to million sale compared as quarter, $XX compares quarter by million, Aurelio net the the we core improvements If interest decreased $XX.X good adjusted for part droughts with for per $XX.X mentioned, to posted $XX.X to adjust were exclude well reduced of of compared the basis, income for believe on to level would we gain first XXXX for the charges, as have loan last results the
million investment these mentioned, of construction Aurelio held million an for and transferred of loans. for aggregate in The As $X.X we $X.X losses nonperforming loans commercial took during recorded in million, quarter. quarter, resulted $XX and that this to we which provision sale the loan of incremental three charge-off was
our environmental from a reserve, updated credits hand, which million $X.X discussed on over on that the other we release storm assessment resulting is On of two the last have commercial we recorded primarily quarters.
a that in but to were storm upon the seen since this four as that of a that determine we've storm quarterly commercial analyzing side of to risk moved is medium the balances reduction low decrease from impact the basically to And individually had result prior had. previously we been the This risk assessed payments. as have assessment were portfolios relationships their reviewed the consumer we originated in storm impact. We quarter
we been to -- saw be we throughout have we seen consumer delinquency. quarter, trends continue payment the have side, and stable the improvements On in early
even expired December, However, most ran closely, in little moratoriums, as a though into were some that we're into February. bit still monitoring there January and
make So that increased the to of continue consumers capacity to payments.
impact as income Also, Part quarter which $XX.X quarter touched in and environmental wouldn't full improvement, the expectations fourth It's the of reductions than latter other amortizations I the all, increase -- that the That with executed into $XX.X of the have any rates, of for on that in behavior, we fourth the mentioned, on part in This until million last we reserve reserve lower Therefore, storm December increasing the quarter we second because the of net to consumer see payment full of interest the U.S. million impact very the on our or in had by third impact on the prepayments our pre-provisioned changes quarter. seen payment securities as not compared purchases obviously, the 'XX. balances. Aurelio So end premium agency million the behavior And $XXX.X of -- is in pickup. 'XX. we've good mentioned, of we've quarter portfolios. pretax to as amounted compared is a million, in to million increased to quarter. the income. side $X.X the reflects, quarter of $XXX of it first
we've increase funding which days related $XXX,XXX of But side, cost pointed quarter. benefit about basis as expense of large up as we we noninterest-bearing deposits two last last compared The in also obviously, over bit, have one Aurelio the to had point, seen two reductions, to in improved quarter. out, quarters. liabilities the related have fewer interest the gone On had we to mix, that interest-bearing a the
effect side, commercial tied We we in loans the net a of had income of portfolio. commercial to rate repricing good interest the that on On basically loans. improvement pick improvement, is on which in the and about of LIBOR led portfolio upward amount net variable a and to the net up the some income, prime, had $XXX,XXX
Margin portfolio, on in up again the the we to level hand, accounts to have other two quarter. the number picked driven mix that consumer related generated nicely saw based a X.XX%, we improved the of funding days funding -- quarters. by the There noninterest-bearing fewer of two over days. were on mix the that On the reduction last
last On the quarters. good noninterest from improvements also two the income,
First of not is That Aurelio a the repurchase discount to. we had all, of referenced thing the million gain recurring a TruPS made gain. $X.X that That at a on was item.
And $XX.X was $XX year. we So of $XXX,XXX gain on on at if the nice as we of a a the effect banking Florida. quarter, the a approach million basis, that closed transaction exclude volume compared We normalized $X we fees on last asset during ATMs pickup had to in last we and that higher And reflects $X on on income pickup the fixed increase We we quarter. $XXX,XXX quarter -- to repurchase, non-GAAP as banking a of related mortgage $X.X insurance a compared transaction business in seasonal of the POS of as banking seen had commissions revenues, sale pickup contingent volumes a million. the had noninterest million facility originations of of also a had million have the in of what saw end adjusted of million had. in we levels
on So on pickup income. noninterest interest -- nice income
the $XX of the from we million, first increase showed million quarter. the quarter, were an $XX expense for side, $XXX,XXX On expenses last
bonus partially albeit items, expenses had adjusted basis, compared some expenses million, reflected first exclude $X.X quarter, equipment, for accruals which cards, were had into million $XXX,XXX, higher we bit of have basically base most a in million the payroll -- reached of tax. part some reflects and fairly overall, of these million a people credit storm-related offset quarter. we other volume expense -- and That this prior about and we and and And a last as to quarter. throughout limits sales was remaining didn't the quarter. seasonal items on increased taxes also decrease which $XXX,XXX quarter in $X.X we had stable in the haven't an we if a as under of $X.X had of benefits. $XX.X the to costs the a expenses of we $XXX,XXX, we million and increase that quarter of we this prior quarter. repairs subject basically a Normalizing also of reduction is had tax related occupancy This increases $X.X $X use repairs to again moratoriums fourth lease-termination start quarter, Also during On little than non-GAAP year. as is also are in the more to compared REO million and But quarter collection expenses expenses quarter. Obviously, last this the put totally had Mostly -- the year by compensation fees. increase This in for in $XXX,XXX transaction. expense
In down cases -- to increases were to they last storm had. by mortgage million. consumer $XX.X other held the of related held Nonperforming by on asset $XX million million. last which on quarter. $XX.X in remains sale, but loans compared quality, credits we loans, quality for moved inflows expiring, had terms the where stable. some of commercial $XX.X we moratoriums did as than in for million, decreased Inflows Clearly, decreased inflows. the the almost as including is less to credit quarter, $XXX were million we quarter in quarter residential for hand, $X to with compared And nonperforming some have nonperforming Nonperforming last impact million sale, and
days resumed So fourth million the $XXX loans a in million is past after payments combination decreased of This in does for purpose, $XX $XX lower the mortgage early of million. early quarter. to delinquency million that loans the residential their clients as of as And by moved March. deferral, XX this than nonperforming Consumer decreased some to expiration delinquencies, that a obviously, amounted which to their $XX XX reflect three-month level of March, due, $XX million of million to $XX and variance quarter. to
And million first loan million of commercial on the related the we $X sale, of in sale, Puerto on for of which two current being collateral million. the loans. I is as in million, million portfolio, loan saw, $X.X And related portfolio, one commercial decrease the payments, annualized, quarter, to early the The the on loans of to On is is to residential about primarily is allowance by a which charge-offs. increase it's that of Florida, interest remained And in at as by $XX a for you commercial we have downgrade facility $XXX,XXX amounted X.XX% loans consumer offset charge-offs million in quarter, held partially side, were as of compared increase XX loan $XX.X discussed, do on This at our $X.X delinquency but which expired. net Net did are a constant million the million the in mentioned changes $XX on facility The that the commercial nonperforming charge-offs $XX loans we for were excluding the process which the the were on renewed. decrease charge-offs loan on X.XX% construction XX the $XX changes -- points on quarter to excluding included $X include dependent or and sale, in The in to the had quarter. the of was the basis which in loans charge-off Rico. charge-off held basis last reserves. dollar, loans were million charge-off charge-offs X.XX% last XX points held million on also the of compared X.XX% in on is $X.X of ratio the charge-off the now XXXX. mortgage of the the loans of for quarter of rest If portfolio, look the loans, loan effect quarter. loans cents to prior commercial loans to the loans,
With questions. would reductions. floor significant like for open that, to the So I
