our first earnings quarter joining XXXX you fiscal morning for thank Good and call.
areas to that Before we like few questions, open I'd a to are up highlight. there
origination For the we've fourth growth quarter, record volumes. consecutive experienced in
surpassed strongest quarter million fiscal $XXX first and the year year $XXX quarter, first quarter, prior back million by gross first million more $XXX XXXX. the originations than of in approximately During increased originations over prior our
demand to types. customer see continue all across We elevated
the customer for improvements top industry service, In mind entire of are has in access as many across increased marketing, and customers. customer addition demand and inflationary pressures for to cost credit channels, products loan internal
new quarter, this current periods first of by our new third when consumer XX% customers but pandemic, the during As the several This booking the underwriting second period. significant XX% month, to the particular, times pre-pandemic challenges. the when XX% number to since during decline XXXX. to in fiscal in several first result for year, a quarters quarter result as and increased well of of of quarter, continued X% last our economic In activity is actually increased of credit year-over-year rate last July, quarter XX% of to of the normalization to prior the tightening levels a first quarter customers the first book-to-look declined to XXXX decline quarter and the throughout compared further credit and compared declined as
years this credit elevated through normalize have are unusual two prior increased continue to as compared Regarding charge-offs of past the delinquencies performance, and prior aged quarter. Today, to following prior activity economic the delinquencies have years. two
within the remainder the performance. customer both provision provision new and as on significant operational this credit pressures is demand our experienced an expectations. actual to our remain originations groceries living release our delinquencies new in to and greatest a quarter inflationary everyday new well increase growth of potential throughout exogenous is have base, underwriting as well long-term credit XX.X% result in This standards, CECL quarter first in each This the adjustments, new on important year For and we or adjustment. and the the our during for of to the and adjustment recent Due EVA under accounting year. a reverses a of seasonal significant It's changes ongoing as as originations as note unrelated originations. expenses impact
this year. we've of year growth, what built are pandemic future poised in of out fiscal a XXXX, to we of protect as following Finally, rebounded for we the
end of With expenses, our of year continue XXXX incentive before I any portfolio and expect share increasing to the controlled about earnings XXXX this target fiscal the earnings our like $XX.XX accrue our per accordingly. hit power long-term it At of and we would to Strategy time, quarter to questions up open our to first and Johnny earnings. Chief and Calmes, Financial Officer,
