and were up to X Slide shows more up income Nitin. a year-over-year. in and be Net quarter-over-quarter were statement, I'll X% interest will reconciliation stable comments grew income of appendix speak increased given the please XX% see sequentially growth, on My and for costs. and a XX% revenues yields adjusted quarter-over-quarter. in an fees adjusted non-GAAP. you, quarterly Revenues asset financials. GAAP X% detail Thank basis moment. loan Fee strong funding down our
and flat continued discipline Our in down year-over-year. resulted quarter-over-quarter expenses X% expense
provision $X After-tax income quarter. year-over-year, we XX% zero a had While this we and a expense quarter, of million benefit provision quarter-over-quarter rose and X% last recorded respectively.
Our grew up up revenue, was PPNR, and pretax pre-provision quarter-over-quarter and year-over-year. significantly X% net XX%
and operating leverage our assets. year-over-year. changes Slide X positive earning We highlights in also had quarter-over-quarter
Nitin loans in accounts we had portfolio, with grew The lines. quarter As our strength of lending. mentioned, for growth with XX% which loan particular growth, average across business all commercial in another asset-based X% about robust X% a quarter-over-quarter, loan increase growth, loan loan of
the rose XX higher Our yields loan quarter. versus sharply up with first interest basis rates, points
investments as NIM. net down The balance book from into Our cash our is to and our short-term and high-yielding shift interest higher-yielding in mix we investments cash growth deployed sheet loans driving in income securities loans. lower-yielding XX% was in
X% Moving respectively. shows quarter-over-quarter on it declined X, to and Total X% year-over-year, our and Slide average liabilities. deposits
point unusually deposits, and of the were deposits payroll X% in first at our versus deposits, quarter Noticeably, were our XX high year-over-year. basis deposits quarter-over-quarter excluding which the broker and increased cost were X However, basis basis points. funds points cost first to of XX quarter-over-quarter, down quarter unchanged and our
do expect during While increase our the the we deposit year. deposit stable, costs remained half costs of second have to
subordinated During under quarter, $XXX note issued sustainable that debt that of billion subordinated X.XXX%. a third of debt with coupon redeem million a bank $XX we second also we of the plan in million assets. the first by in quarter issued $XXX to XXXX, bond was I’d of
funding to yields X. balance on slide, shows driven loan stable and margin. costs. grew the XX% Moving and rate income asset on quarter-over-quarter, net more increased by our growth, environment detail next the interest by income driven interest Net Slide
XX is NIM year-over-year. basis points reported up Our
period. Our NIM loan PPP XX purchase over for points adjusted is the and impact up same accretion basis
we magnitude similar with While the we NIM, increases were expect pleased our forward. of don't going in lift
next We than X. our expected show quarter. revenues, fee were Turning weaker which to Slide this slide, the
losses, Excluding our down were and fee revenues quarter-over-quarter securities gains year-over-year. XX% and XX% down
fees fees in good large XX, revenue seasonal rate agreement be Wealth momentum. reflect our other in first value quarter. by we the fees XX% Loan Excluding a down Slide fees, a and unusually the lumpy year-over-year. show can by divestiture that expenses. decline deposit-related insurance driven environment. item the the were portfolio and interest and revenue fair swap were our low rate swap lower of driven adjustments on rising impact fees this line sharing quarter, showed On revenues market management The
have down in flat expense flat year-over-year. continue our like point X% I that X best and Continued would resulted we last strategy. our expenses to to for kept we the quarters as discipline self-fund essentially quarter-over-quarter expenses out
estate We is consolidations have also resulted quality summary Slide vendor efforts, expenses. from a real equipment to continue optimization and from asset other lower benefit of management and which expenses in branch metrics. occupancy our XX
down are X% and remained Our sequentially. Nonperforming credit strong. year-over-year XX% quality loans
low the historically performance, led offset to levels quarter. to credit provision basis expenses dropped loan charge-offs net Continuing by for X strong Our zero growth of points.
X.XX% of loans quarter credit Our at to for allowance losses ended the loans.
of and Slide liquidity Moving our to XX, the details slide, positions. show next capital
ratio ended capital first at XX.X%. the an common Tier quarter Our X equity estimated
to Our is growth. to organic capital priority top deploy support
repurchased stock the We stock our low repurchase and stock are million about to also valuation biased second given in quarter. of opportunistic $XX
OCI those I'd an account regulatory we that banks par income not to negative in to dividends to capital about other reiterate $XX out does quarter, over expect mark bond our our bonds over million in recorded after-tax ratios, that to time. mark have also cash and equity expect of the also many grow comprehensive our the like impact bond pull on time. to We point second I'd a basis. we
interest ample performance expense in strong returning robust deposits to and strong income summary, capital a interest continue quarter and to shareholders, fund strong management. to us with enabling growth, balance future margin net net capital position, sheet So credit and growth
would comments XX. I outlook like close rest on Slide our We'll Now of XXXX on for is with which depicted the in guidance XXXX, January. provide to
ongoing economic clearly uncertainty, of are the higher inflation. disruptions rates, the and aware chain We impact including supply of
labor The is markets operate. in and from We economic are demand still strong, not slowdown seeing the quite meaningful is still the market pandemic. in activity we recovering a
We continue asset our closely quality. monitor to
strategies and balance multiple [self levers. We discipline for have continued organic a help] growth, expense strong sheet, differentiated
of focusing deposits expect X% loan to for are for plan, X% be full with to versus year things growth Consistent average we can XXXX. X% reported We full now We income Also full on interest XXXX down we average full guidance to year expect of year-end XXXX April control. based that our XXXX flat net year was the BEST for X.XX%. income XXXX. growth in versus net It interest million. year on rate that our mid-single-digit $XXX in funds was of modeled Fed recall
Fed We modeling rate are X.XX%. to year-end now funds a of
We modeling expect and XX% our low cost betas are of also be rate half the the to near term, be cycle and for XXXX. deposit later second in increase XX% to hike deposit to between to
We to are XX% and basis digit an raising from a mid-single XX% basis. our net to income guide on adjusted GAAP XX% on interest X% to
to expect We than lending versus a expected. to you was and we our is would slowdown for XXXX XXXX down I XX% fees remind fees. SBA adjusted XX% record more that like year the business be XXXX to in
income fixed Management and business impacted headwinds Our from is Wealth markets. equity by weaker
present and both us. growth healthy However, remain franchises opportunities fundamentally long-term for
strong. Our remains asset quality
second We of start to expect credit the normalize half to in provision expense XXXX.
to loans points of range the XXX basis XXX ACL in expect to for XXXX. be We to
rate $XX on to expect run $XX expect discipline focus and We quarterly expense million. million to of maintain continue to to a
XXXX. However, that of expenses at to XX% higher lumpy tax turn Nitin could to be end With further for effective I'll in the comments. back be XX% the to it Nitin? for estimate that, of We our and rate range. range
