morning, Good everyone.
very strong As had Aurelio a we mentioned, very, quarter.
million, you quarter million As $XX.X a which $X.XX compares or $X.XX release, earnings share, $XX.X share. in reached a saw the to last
it’s $X relate million very, within very $X.X income, was than million qualitative in therefore, slides. million, (ph) used the reductions some and last had $XXX.X of to in showed specifics, other the will the macroeconomic of premium the a The expense really the on yields, actual portfolio, at in cash a seen higher last existing [flagships] it the We also and lower that on the The the so Looking cash. part impacts we and interest that the -- on improvements net benefit than provision, obviously, impact million million, of XX as and that's next couple had had That entails we the The And part similar on for $XXX.X million in other two resulting collection variables, and repos combination driven by grew million, the renewed, going looking quarter and investment income hand, interest end points, the loan reserves. purposes. fee basis result liabilities a days for where again, the on XX by at We But X yield interest expanded Pre-tax, specific $X.X strong about and Ukraine the -- increases margin the which quarter, reinvestment money other factors at uncertainties those quarter even we million. improved, quarter both of market to matured means points, interest at interest-bearing of more the it the quarter matured strong war outlook, have quarter. quarter, income million When we net were the cost the it, have detail positive amortizations and components, lower official $X.X -- I part -- advances to than few points expenses of to for during XXXX, going last advances higher the cost not the reductions have we've paid $XX.X The the income. on quarter. off. on basis benefit in quarter, had quarter on securities, expense are some shows of a touch for increased But quarter outlook net components basis improved in quarter. that as compensated we things non-accrual in that used of in they prepayments provision net a of we interest overall X.XX%. the the was up million income by on the pre-provision, investments on which $XX.X on were in significant $X.X components. quarter have had of last of of $X.X less these of lower and they quarter. for some and million the $X.X fourth expected was the
each this than in the of the non-interest In loans repricing have And Going pace repricing. way coming it, on quarter, in market future hikes, speed of forward, $X end so beginning the those in slower past, It have. we from that some that it which happening the quarter, have thing it variable based we as pickup see repriced of early year May. income, reinvestment pricing the we speed except to a see seen seen, obviously the commission a price in very expect going depend the that seasonal market, The rate every of we from is number A we'll repricing happens a April the much -- year But quarter see still mortgage interest at the refinancing one some was we and refinancing margin first lower the rate in yields volumes. back the on we paper largest loans. flows loan normal past. insurance we quarter, that now line on have from quarter. the the on on will it's a will come could past some -- at down. the the in with collected also come of impact of the betas agency number the happened cash contingent discussed at we bit happen Deposit -- the higher the last million have prior portfolio and of
one quarter the asked purchases exclude $X.X quarter. than mostly these with had the that focus. the almost and $X.X integration So this for were in and quarter. you it, lower the million $XXX million, in the million of the that in $XXX.X and component If million we items, are Expenses a million, to on quarter, Expenses lot fourth it's which XXXX. main selling, $XXX been happening of I last packaged know, it's compared have Last we quarter about merger expenses the were expenses any new we of have didn't -- market. that
on work identified We opportunities. after have operations have of continued integration completing acquired the to maximizing additional fact, efficiencies the and in the some
for a than marketing promotion normalized seasonality Business eventually operating run expenses, lower but still It's market again, vacancies, reality the we higher of value OREO of high had OREO will had, mentioned properties a had continues more improvements $X.X leaving of January, in driven not to in compared seen. of in we offset of expect factors it back quarter. gain last lower us is a for last of to we quarter, cost quarter the continue that quarter, and revert main reprocessed have expenses that sponsorships. Disposition hiring and properties. we the million lower handling of reality, we it's at still, timing in were to lot the was labor which by And However, OREO-related we is a something -- some of as than some quarter and operating with level again, $XXX,XXX than sustained traditionally level trends, dynamics. campaigns anticipated that to Last that we but seen not with throughout was reasonably vacancies environment. post-pandemic normal
our see we'll from received million So credit on Also, costs in reimbursements quarter. variability $X the credit last for strategies on. of quarter-to-quarter card that on year some network quarter, volumes the this offset some card marketing expense depending going we based
from global the and what's supply construction obtain timing impact these facilities, it's what the the small, the technology with being for strategies, of the of able of to and projects, we delayed. chain not have it’s some some information all but different seen Lastly, dislocations expense needed
some have delays as with but continue that. on We these projects, many mentioned, seen Aurelio we of
believe have But general, continue being going factors In identifying before, have would some I of mentioned will as efficiencies, that timing persist we that to the addition, are we on impact XXXX. these in some of implemented. those So expenses. other that been
This end on branches towards be quarter three see acting that some three to opportunities the year. closed and there are we we going that the on probably others of we
So those are opportunities. additional
a range. you million talking $XXX about, revising we result, $XXX level a expense that about that to normalized of have feel been to levels As to million we a we're
X.XX% than quarter quarter, these mentioned. levels, of And -- lower I With we second the efforts mostly it's ratio that be the what and Non-performing an positive. of pretty $X.X lower The because of ratio in expense lower side non-performing for down the you than includes have saw, million. as we about XX.X% continue asset-quality at was that previously the total a we than upon NPA assets. of talked be based are That $X.X timing of low, anticipated. a decreased to range the was XX%. seeing, mortgage XX% but came was now represent million, this would obviously of normalized some that what being million. we efficiency expect reduction assets residential by the repayment Aurelio past looking trends ratio on more at -- now the touched mostly asset-quality, on full $X.X slightly efficiency
increase compared However, mostly reaching in quarter. were two did quarter, increase $XX loan see to which The inflows of related million commercial last migrations, NPLs about some million. $X this we $XX.X million to
much past. that you some continues side. The consumer on -- we to it seen have used pace in other migration migration than in the what But significantly than had be continue portfolio higher at percentage-wise ones, if what we our a to keep mind be is better very the
and quarter. quarter Finally, loans $XX.X XX reality, to interest. These $XX process in the carrying renewed loans loans XX all loans in being of million principal the are commercial delinquency, in in specifically. to related are But up increased days in the meaning million it's mature some that are
delinquency, reach do not maturity. once an it's they So we but [indiscernible] issue of
$XX also trends compared some the actual it's million. that $XXX saw allowance, what delinquency is quarter projected down in on we the down ratio of for and allowance it's allowance which Reduction, early reserves compared quarter. variables and reductions $XX is to allowance the touched again, Aurelio The but as last million, was loans have. million, to $XXX improvement those qualitative which X.X%, as quarter. last residential on have have the on the quarter. macroeconomic loans, variables last see mentioned, of on and we the On to continue On from I the million to loans, the portfolios, impact we X.X% we consumer was
capital the of the important On our plan. execution continue front, we with an subject,
the pending from maintaining the repurchased in release, the our the completed plan. shares. above But $XX saw million also significantly strong are ratio capital the And earnings we $XXX million in we with $XX.X million you the dividends. even We capitalized. strategies, execution of X.X As well million paid
As you it's as can X XX.X% see ratio only X significant. Tier to in from Tier example, still from the decreased an X, basis points December, chart, equity common XX.X%, pretty
the anything, we decrease have of of strong we $XX.XX share, During other value, have time $XX fair in the available position than tangible common at for impact on important related value decreased rates. did quarter, from the loss of more and have. million fair comprehensive the on book The 'XX $XXX to based will securities adjustment $X.XX, over on more in million the but we which important reverse on end the liquidity resulting an the interest intent decreases the value investment to market impact from OCI based repurchases to since
an you a We feel but quarter. the last of have ability and questions. couple approved and the immediate an where that, open new mentioned execution the things strategies. that that dividend the economics the the significant how I no securities increase as With to repurchase seeing Aurelio And well deployment end, capital for with that -- saw. would it we risk. announced are important, you not common and hold night We deployment at to same, at this as of lastly, plan matter ones in continue We call starting have like the not so risk set. less sources, as other the look the these we're
