morning, everyone. Thanks, and Mike good
good a had we said, quarter. Mike As
and our to business our We continued discipline expense strong demonstrate to leverage of the advantage across of best footprint. take were able to diversified lines opportunities
in pleased and we're well. the The at $X.XX core increase came Our our improvement again, quarter, year-over-year. net healthy in EPS quarter. on is profitability past at resulting top guidance fourth right as post through of noncore charges of quarter in $X.XX to X.XX%. strong this minimal year-over-year EPS interest We profile and XX% margin third a had came
the to X.XX% the NIM before little of offset quarter looked the purchase tightening. the points. in the change tightened the in onetime in XX of which The about Fed impact at mix Now in and about NIM latest loan benefit was nonaccruals. third was the quarter basis changes a accretion of third The X.XX% business due before
purchase decline further GAAP due in recoveries. loan expect NIM to lower to we forward, Looking the
second that Now year. back the which we back accelerated gave the of $X.XX come got recoveries into some could've in otherwise half EPS us additional in quarter, the
accretion, business exceeding fourth in offset that loss don't hike. We charge-offs. was The the significant any million provision $X.X rate of loan changes remain benefit Looking to quarter, the third expect quarter. at NIM anticipate recent the and that provision flat will we in expect before changes, the in generally related relatively we mix market the
loan SBA related quarterly As record other strong production we earnings on our related fee fees. and had commercial release, income noted high in loan a lending
effect in jumbo volumes the other across and is Mortgage opportunities not banking where delivering would for our began this of mortgage and from that's in this about third an offset on opportunities So we're note our and and that income expansion. our market annual of on our the doing fee refi niche Boston, I fee mean, relationships basis. the industry, down million our from scaled I line until building to remind like Durbin very commercial into year well is Also to lower $X on coming mostly growth volume impact impact feel volume the to course change. portfolio coming portfolio business we volume. Greater mortgage the brand you, is acquisitions expenses this the side, the us quarter. continues
to down with some fourth the SBA we pricing banking business impact pressures lower. from be to Mortgage continue see to lower will robust Operating XX%, expense came expect quarter, banking were fees ahead Efficiency expenses seasonally well reflecting likely mentioned Looking quarter-over-quarter, quarter continued in mortgage as including completed the expenses I our full ratio as run at rate that discipline. the cost saves. Commerce from there.
flat efficiency XX%. For rate the again fourth quarter, third Tax in we was below in quarter XX%. the expect with operating come the expenses ratio relatively to
We quarter continue with core 'XX the to around to that expect our into be full fourth to range. XX% tax falling year XX% rate
profitability. to Turning
to while healthy came was match. ROA remained XX.X%, increase with GAAP XX% tangible at equity Core XXX on GAAP year-over-year in core ROE X.X%. a Our ROA basis points, the common at return
I've quarter may the year track EPS some core factors So EPS last we start guided consolidations accretion that in penny, a to targeting which we're I'll year. at and it give the noncore seasonality Fourth $X.XX the on XX% fourth mentioned quarter. quarter, growth for the meet Mike. We're related turn back that to that, cost GAAP noted. to restructuring of reflecting EPS core take to over full the to or With we include branch XX%
