morning, Good everyone.
have started of of the Aurelio XX.X very as This impact last to cents strong. the to on were which a the Also, some see was share, compares the as results the led XX.X higher and compares have result increase provision about XX.X bit growth acceleration we on with $X.XX market discuss quarter million, expansion, is cents the later. Again, funds of with a interest income had positive at as from with of to side, a on for in We with Fed million that last had So, the loan large income instruments well in XX yield share, net is money continue a some $X.XX increasing consumer quarter, million, we repurchases a million, which from however, mentioned which been which stands quarter. same the X.X million on on a costs, will we over XXX.X but increases extent. deposit pre-provision, anticipated, still portfolio the the margin Pre-tax we have betas, reflects saw deposit Aurelio and as for quarter cash rate. now repricing the provision that we little which impact the for the What million, quarter the quarter. as in achieved that mentioned, year. the grew a the the
at component, have consumer on deterioration quarter, Without have a being variables. forecasted seen XXX it's portfolio look million. again, the macroeconomic grew the grown And December, - the portfolios consumer other since third for If repetitive the you million. we XXX the
been have expectations economic know, with some some all recessionary the there of world, situation we As impacts. the across
determination our past, For impact. we scenarios what disclosed (indiscernible) continue to two an to in could economic have we reflect be a the provision, economic baseline and allowance scenario weight that downside
was In credit been southwest. terms financial our was mentioned the impact Aurelio on of mostly hurricane, has and customer commercial mostly the - minimal. the impact south The
as a we the consumer spread as sector, we establish past, For not we did did as program, in out moratorium before. did the
in reduction we So extension, days through far of only that about program, and quarter. income, fee couple fee million XXX,XXX And the for XX in hurricane have resulted in meaning ago. in under a also or deferral increase into expenses XXX,XXX entered so far the
XXX XX million almost X.X in million XX.X quarter. Looking interest grew it million XXX million, interest grew while at Interest from the the third increased expense net to by quarter. in income, million income
quarter was but balance yield the In interest income portfolio points income average side, at average yields commercial being X.X the grew grew growing million, deposits Overall, mostly the represents interest million, grew the of loan however, fixed which million the increase. X%, the expense XX commercial originations quarter. during are resulted the repricing had XXX part a grew the the related higher XXX basis notes. XX a on and in X million. new quarter. was repaid. debentures since or a loan grew FHLB the on rates. only amount higher that X The same million that the case we on yield - reduction consumer the rate average offset X of portfolio, points in as had interest-bearing the yield weight increasing on expense new portfolio increase grew and of in portfolio it's on And the mostly matured consumer originations, million to junior that that interest that on Interest advance we On by cost basis floating average subordinated loans, on
in interest-bearing XX little from offset XX total bit quarter. grew combination balances also of are basis have The XX of increased basis last of points impact that which to the is yielding, in on with improvement the So, lower margin, XX quarter the it's a quarter, in basis a Margin change as rates, one basis the from to the X% the of this decreased. - points, assets a cash XX other. that points average XXX. cost points The liabilities and mix points basis
it the the down income, is quarter. the during million resulting terms market. In lower to interest gains mortgage came net secondary sales that related from XXX,XXX on X.X banking of of mortgage in
in mortgages bit sold all fees, conforming terminal like fee affected to a income impact over level to But of come down. basically were as market a provided have XXX,XXX the the by we of originations impact the little XXX,XXX as and on related ATM on also, XXX,XXX other POS merchant in with the we So, of had that It's the transactions, are which and reduction hurricane. customers fees transactional well type associated hurricane. of waived on transactions,
electricity than expenses expenses, expenses there. the a some million is of than XXX,XXX out of guidance In expenses. we the that matters previously That second new few X.X had this than of and $XXX,XXX. affected to bed, added that last came for for this in been that, When of it's were discussed originally had. quarter which before, higher we during by higher that as Hurricane, we we plan quarter, million OREO the XXX.X again, mostly had If to XXX.X quarter call, one extra this more exclude medical in million. If increase launched of organizations the excluding costs for the would to than in we nonprofit of the amount had anticipated second We were a also from guidance. gains that XXX that estimated associated brand the provided the which provided the related was quarter marketing quarter. million we quarter. than that communities expenses in day the the in about things million were a in compares about about X reversals anticipated. with of the in XXX.X, quarter higher we had came A OREO terms to we accrued. expenses call X.X resolution and were compare quarter, campaign hurricane. The about it's had split also with last million, We had benefit about quarter that had that higher quarter, we to donations in second made payroll. renewal that in $XXX,XXX had much The were
that were than the provided. this affected be in being the quarter and It's up that the come we quarter. million the expenses. fourth the estimate look we out, would most ended items So, those - guidance higher range, the things had that same the expect that at and If we recent had the some fourth the range expenses we had on XXX we for quarter at of
estimate ratio our be ratio at Looking very at to efficiency efficiency, XX% for still revenue in of part under the by also expenses, end efficiency in we be will course low however, even we with And increases. driven the increase of the continues that the XX.X%, year.
decrease continue assets quarter. X.X million And last at was them, of points XXX Asset the to as be NPAs the Non-performing on The million quality side, obviously, And very and million XXX a positive. up, are X.X million basis quarter, non-performing, residential includes in X.X in commercial, associated of went non-performing, The and up that went X.X - the had it’s component to trends, looking in paydowns mortgage some the that. portfolios in assets. basically decreased million X also, decrease pay-up NPAs by size consumer compared it OREO. is generally million reduction with million. mentioned, only Aurelio XX there we
went the As that in that the - cycles in consumer Early month half of of you month. the half significant second mature go were XX, portfolio on up each a inflow the from XX see the the order was portfolios streams chunk the quarter, effected related was the on the defined by was million, there did second Most of X.X on impact the which the portfolio. but days, on September. is thing. on payment Large which that some same it of as on XX of million, side, basically up delinquency of
affected that So, numbers. the
coming have some that We now October. seen improvements down on into
we Net deemed that quarter temporary, for it. last of So, points we're XX charge-offs basis being basis from points, quarter. most which as is XX up the
ratios. charge-off million lowered However, last we you portfolios did recoveries in in have the commercial remember quarter X.X that that might
is allowance million, million, on loans which Looking total finance the allowance the end higher than last deterioration at was quarter long-term quarter, XXX at the ended the in X the million of The outlook of is movement variables. quarter, which quarter. just allowance, as higher of and the on XXX allowance. XXX end again, the second than leases and last up of the of the ratio the compared the economic as the allowance million on portfolio was to The the XXX quarter, X reflecting second of
On continue with the capital plan. the Aurelio front, capital mentioned our execution of we
year mostly for so in of or dividends XXX million shares strong. offset XX have year-to-date. XX.X - million the and to over nine rates been repurchases, million, million come capital very had has months. continued has XX But from Capital earnings the the we've we've which million by repurchased first have this We basically XXX paid be reductions
on the XX just to XX.X. from common see came chart, tier can down You the one ratio
it's the points, So, toXX.X%. ratio XX.X only from up while basis leverage three went
adjustments very rates. both from back Tangible healthy the from value decrease the of decrease did to down, in So, XXX fair per in come XXX the book related million OCI value additional share - come securities. XXX to the
Our tangible we over we And in to liquidity, the have going maturity. mentioned reverse based have is on intent. this time, as the through have (indiscernible) we securities But past, also common equity end at the to ability hold of the we rates believe quarter. since the the
per been and lower As between on tangible you and numbers, lower on monthly obviously were would somewhere the have to we $XX.XX, XX.XX%. common from XX adjustments. repayments to If I open impact obviously, be that, share the the have would which the OCI With the would has not probably the a securities portfolios seen non-GAAP million basis, and tangible OCI portfolio, ratio exclude like growing, XX for be million, call value and we questions. equity
