everyone. morning, Good
third for $X.X the million quarter. quarter. -- fourth Aurelio As $XX.X is this gain the of mentioned lower the the reported call, than at beginning It's we million
million quarter banking for facility $X for assessment million EBITDAC we share sale $XX.X The to the as results same as provision $X.XX, our $X.X in were These gain well a is which the on onetime However, earnings for as third increased the the had million quarter. include million a per Florida region. to compared the last on of quarter. quarter expense the $X.X a charge
the as quarter you earnings from outlook in the the quarter third call, As recall last less economic may of the the what on the quarter's one had severe we a lower we on benefit that provision forecasted third reflected quarter. second define
This quarter, similar. outlook the remains
effective extent. charge-offs rate related $XX $X.X loan the from larger third mostly income the had was and level to for the expense for tax was The third XX.X%. which tax compares we we million increase XX.X% some the down to quarter. portfolios quarter the higher million, quarter to the came had of So consumer to in The the
conducting several previously up activities not that during have ended and year Puerto the were we the the fourth tax which forecasted on code. advantages quarter, As Rico
Also, be under, the on tax be translated slightly the we tax. for based it over, had which reduced should range, somewhere income will around slightly We XXXX that effective we expect on rate forward quarter, pretax lower XX% that current look into have, that that the range. also in but we strategies
XXXX, income with the at 'XX. had full income but was in million. year, million a higher net For the $XXX we share net mean I earnings in line were year $XXX was It's full in per to much also is a the result the over $X.XX share benefit $X.XX the buybacks XXXX. a executing count directly prior of been compared had of and year to we year. have share lower the due This pretty we
] XXX And Also, represent other solid strong again, as average ROE which numbers. return was on to Aurelio we mentioned, average [ equity and adjust eliminate delivered the XX.X%, assets, with we loss would both on comprehensive XX.X%.
income, net which interest quarter. million net interest of the below income, million the shows terms $XXX.X quarter is $X third In of
construction $X.X include The collected million in that been years. other third grew $X.X real income securities, by $X.X some increased expense $X.X -- off but cash quarter, interest $X.X was reduction charged a million. the the extent, assets, the decrease however, mostly The and million prior to was, in quarter, by loans in Therefore, had interest loan earning we which offset million. did reduction on a million on
retail $X.X Most by The those did excess assets X side continue the -- quarter, of million. we liquidity decrease in core the And growth in overall, [indiscernible] in continued loans increased funds. interest earning that million grew commercial to $XXX total $X.X we even deposits was consumer has portfolios. and and cost quarter funding The the in resulted million in decreases to in pressures, though market decline, however, which during excludes average in quarter, the commercial. income lending see the
noninterest-bearing from deposits. the of interest-bearing also We shift to see impact continue deposits into the
time last grew the portion deposits. in decline for of fourth declined deposits interest-bearing million, formal them deposits Even large have looking -- X other these time months the interest-bearing though sources. impacted perspective, over some wholesale in or reality, $XXX million the million moving our the a or significantly These of at had we in been with third $XXX been replacing costs put funding the quarter the into have quarter ultimately, To options deposits $XX came when only quarter. in we 'XX deposits funding and from
XX accounts cost interest other On core The points as the that which deposit rates trend points have quarter. increased of pressures only of slowed deposit at during market of to up. Also, we XX government third saw on in hand, increases than public The in the the checking the stabilized. have funds compares these and stable had basis other repricing basis our in pace interest-bearing cost prior quarter, the the average when seen savings the quarter, the down remained have XX we compared points cost basis to easing increase we quarter. deposits deposits
The used repricing increase increase quarter, lag not increase by which million. said, interest by increased deposits. $XXX did a million the short-term pricing interest time from That in million deposits quarter market in since mostly we on did deposits indicator deposits and of in as quarter reality for brokered effect we rates last is and the on was this structure a an average average broker this expense $X.X average during government have $XX quarter time
release impact to yield has also in the the points the points. of X from loan this funding quarter. rates. fourth increased have grown by the yields pickup A lot end maturing deposits as And cost you cost nonbroker yield at gets in million basis Loans, million the deposits new of issue the since loan basis time the or [indiscernible] at the with overall the the The do yields $XXX The on increased the and impacted the been to during quarter has quarter, with XX that at specifically saw growth time portfolio. looking the fourth grew in quarter. the second
at flat last quarter, the almost relatively was XXX, Margin same quarter XXX. for the which was as
We cost higher have mix change earning been a the resulting of of offset by assets, the in in funds. seen in has but yields, the increase
rate happening net that would quarter yielding. deposit stabilize assumption end the interest much to see we interest higher the last happen be a of portfolio, discussed expect would improve income meaningful that should lower with and the we As And market with quarter the yielding between balances, to come inflection the already. or a we down, investment assuming is flows of 'XX point net 'XX going for as interest that somewhere from start margin funded first no and that changes are the loans XXXX cash will which in
good $X half billion A We maturity, year. the made those around the but the throughout for still full cash throughout be of comes it's second year. flows to because chunk XXXX in
in Our net Fed assumption net margin the we've future assumptions been that for interest That's rate in And the with April. in interest planning consistent using cuts funds and fairly projections. the what our curve. yield interest forecast rate begin the is income is will -- forward
during increase million facility Looking $X.X income. $X the we quarter. special by increased versus during was was essentially driven largely $XX onetime in quarter, by assessment. the prior quarter. item, a It $X.X Florida. had flat the sale Expenses million the million gain the at of the million We other this a the to banking on was other million If driven income FDIC exclude $XX.X that but
$XX.X IM million this of expenses quarter. ratio $XXX.X the million, adjustment were which in Excluding results during an efficiency
the million completion Business $X including you year-end quarter. also for gains customer some that And of the and the which to activities. celebration, activities some quarter, efforts million XX promotion the of $X related OREO decreased saw anniversary marketing of increased for
few In of quarters, $XXX terms the last expenses the within $XXX excluding expenses the gains. to we been have over OREO million fall benefit guiding of million, to
payroll $XXX.X at of that excluding of like and some And seasonality pace million. OREO we quarter, that and believe above the fourth fell counting quarter Looking the efficiency the around things at expenses XXXX the looking range strategies expenses taxes, had. at of some for current quarters of XX% be be in just million first the couple $XXX and should per $XXX hold for the that should we to -- million that to range ratio
In commercial loan relates to by the XX a commercial loan This terms a increase collections loans consumer million in in that estate offset returned to $X.X $XXX of status That during in reduction asset million, quality, reduction assets. and million of to the $X.X NPAs our basis $X.X real nonaccrual portfolios. occurred the includes decreased million points loans. was quarter. the partially Most million accrual of total $X.X represents
in less million some decreases to than last Total million, commercial quarter This portfolio. increases during just impact in of the quarter. $X $XX and inflows the nonaccrual the consumer net were with
delinquency increase a the by However, $XX and days loans in mostly XX $XX in had in to million, did we that XX was million the consumer early increase portfolios defined quarter. approximately it as
In allowance terms of the less up which ended is million $X.X $XXX than million, [indiscernible]. prior at allowance,
loan did increase of ACL the just quarter impacts, consumer million $X and during of charge-off on the the However, rise some delinquency X.XX% given the consumer to in loans. the
very any Overall, see allowance the of with economic for -- in for basis charge-off The losses. was the saw possible coverage release. as combination estimated we consistently prior using baseline AC Therefore, quarter points, It's losses a for a quarter. credit the downside scenario. providing you adequate XX
that million remain buybacks significantly well in we either the and or strong, decrease a ratios a ratios small with our paid. million earnings quarter very the the mostly compensated executed increase capitalized capital, $XX small of the dividends as during in of the the $XX terms most In during had common share fourth generated for were quarter
in in the securities as environment $X.X $X.XX sale reduce XX% interest increased X.X%. available commodity value per increased adjustment. the the tangible book fair to therefore, and loss result, equity share ratio and a value Basically, increased of GAAP rates to improvement billion. in the Total the resulted and overall million by increase $XXX comprehensive other to for Tangible a
$X.XX other the in per look you in value when it XXX comprehensive tangible remaining ratio. Still, adjustment, tangible at equity share loss basis over points approximately and the represents common
to based our to mentioned this continue will this And recover comprehensive calls, on of continue as our [indiscernible] ability retain portfolio. maturity. prior reiterate we stable, and duration remain other have loss in our rates Assuming investment to intention we we investment through
With that, for Thanks. to open would like call I questions. the
