of basis delivered impact increase everyone. for EPS X% the Thanks year XX and the GAAP We year-over-year. of fourth for in $X.XX which non-core ROA at the a GAAP EPS $X.XX Core and go I'll $X.XX was due coming charges $X.XX good Richard over in to quarter, We points. of core EPS with morning GAAP reported minute. a in EPS
our met had call third which we of federal shutdown Now the the guided on revenue government from core some down quarter guidance in bottom-line last the we EPS and operations. SBA recognition before our our impact delayed
quarter now initiatives accretion benefit for move the we recorded loan expenses had margin purchase to help related in to and unpack numbers those we higher into higher Our of you. I'll various progress. had the
loan included of XX basis at Our purchase accretion. points NIM X.XX%, came which in
higher from before This the in the in solid XXXX. that before unexpected in the Measured prior growth otherwise reflected to workout basis team accretion, been average recorded that came recoveries loan fourth Our year-end down funded was in quarter. at may four which NIM the able have X.XX% quarter. some borrowings our was bring larger points
XX% beta from increase lower the in increased deposits offset in of at revenue interest income net line our level. of income. much impact cost The Our fee with about the expectations
headwinds a reflecting adjusted XXXX see long-term to so to we in in mortgage back continue far and banking have seen rebound In have industry as seasonality, our revenues down. rates conditions. normal in addition revenue mortgage We expenses adjusted
a gave Turning portion as quarter was to the volume the in of business tightened income for headed approximately margins model, in we're $X due and SBA, and in this to we million quarter on we're the expected. as shutdown. loans government have originated third we up Overall to in done and feeling some the we volumes unable strong exceptionally record gain where about was sell and were fourth there. in what XXXX normal we a Also line sale year of good our
increase over to non-core an core had in expenses, and it expenses both to we activity. total due Turning
So legal from looking compensation some reflect fees consulting up several were and of have we due due Fourth we quarter fees. we bit on. which working a the impact initiatives at accrual third made. little normalized level that the fronts, back core the to quarter-over-quarter bounced more a professional had gone compensation down adjustments and various to expenses, to been in across timing Professional quarter,
as by start as don't rate in the our benefits improvement reset the in year. current normal run the these the we XXXX, of of reflective taxes in will at to here first quarter payroll first tend of be expense seasonal While to quarter view the offset increase
and we to have have also adjusting operating expect we branch in retail to six customers hours efficiently months more coming reported, certain complete branch previously as digital. consolidations more in progress we we traffic are becomes serve the As which
to a of million Moving to restructuring provider non-core expenses. was $X relationship. The biggest strategic technology our related piece an charges
RFP, made of earn back breed pursued an solutions our to costs and will growth diligence in best a marginal the gives The conducted proposals. we've cost and as years in the in contract core came consulting due benefit providers review this competitive restructured including that formula an vendor three enterprise. our confident of This we in QX along some us on systems as managing technology we technology lower have product better master included a to are flexibility our within a completion strategic development. development extensive and service scale investment form new that based support with project we we XXXX, that During
to payment The benefits. systems quarter involves cost, addition charges fourth also further net no to expense CEO. obligation included the transition. was related The and there accrued $X separation we in former the had of transition existing recorded the CEO related is In to about we the that and forfeiture the impact million, which certain
filings. class $X reported our previously we which We a million also action charges as the had claim, settlement litigation have in purported SEC of a for pending
recorded the due quarter pending the merger-related Savings during in Institute acquisition. We charges to $X million also
now accretion our opportunity expected of and in So with new just turning We look good to targets. stated that EPS from Savings to our XXXX did opening, we integrating operations franchise, keeping in on forward and our board. we Massachusetts in broader profitable remind in delivered guidance the efficiency to the to back our Eastern Most picture, strengthen core the managing XXXX. organic before while Richard year our to you, bringing for not acquisition, work earnings more as Institute while growth, is line his
have new a that look we are we assembled. forward our in entering at As the managing phase we operations, organic franchise
acquired further loan to team by has acquiring strengthened resolving stream credit these loans. contributed bank, profile impaired our accretion As purchase our revenue significantly our an has and workout
down will accretion XXXX. our As we least XX% noted call, in at income last be in by
change is Before EPS expect fee a loan expected flat revenue from Core a see the and in expenses. to a accretion, seasonal modest quarter, in the from first steady including in we accretion. income, pickup decrease QX the to of NIM, growth, impact rebound
Our structural including strategic and capital possibility structuring management as balance potential examine forward. way sheet options returns. is led capital to review and Richard, options by includes the on a we financial stock improve working as team, This move full of various buybacks to a operational
in years and not Richard plans is with the of returns. filing the to to our keep order profitability of This a shelf. us to done committed our every I'm and present strong weeks. three company and securities front tied opportunities available. focus I'd universal Now, renewal that in for shelf shelf the time, is of working issuance will filing this routine to assess the and the note like registration on the to for leadership shareholder his team At be under is This any in coming the with
schedule this of as turn granular back In on addition, continues With SX of filing prospective with and Savings we statements anticipate today. over not our coming it proposed we I'll statement weeks. to will our for SEC Richard. acquisition in some the Institute be in mind, in proxy that, the acquisition the forward-looking the With