everyone. and Thanks, morning, Len, good
those or lenders, by factors well private borrowers. of as overreach pricing loan real equity XX.XX%, on not the net short-term expansion, the quality as and and won’t X.XX% included future this part equity discipline. achieved and continued is growth, the with we rates. growth. to revenues stable-to-improving risk loans first see fierce, businesses yield credit Our record Loan structure record by raise and continue respectively, non-bank with focused results remain as and record The sales average on our on for returns exceeded earnings commensurate comfortable loans expense quarter we remains number tangible driven and the third in to year including of interest estate of quarter and interest and for continue margin the market credit that driven leverage higher are as payoff we quality We annualized earnings such we a Reserve are continued assets of competition Federal competition from by of and and firms,
margin relatively deposits C&I confidence and and in stable strength quality seek our Core loan rate. to deposits Deposit up better-than-X% loan borrowings. been grew fund have since and growth. at as on continue on outside a were as annualized continues remained pipeline has the are We And non-interest-bearing the of improved. overnight operating than well a ratchet have to challenge efficiency CD competition controlled we rates promotions cheaper selected Expenses basis market offered to rates growth growth.
and our We to improve basic are operating gain to reassessing and our automation repetitive processes operating reduce infrastructure tasks efficiencies. pursuing
although available to are automated time technology small opportunities oversight development, actionable. dollars in in We also required of and spending to continue a smaller impact investment will in we institutions bottom lines regulatory challenges early to conversations, assess and have We M&A, product be will Regards consolidation. spur technological investing believe Zelle platform, initiatives continue business and nothing is enhanced new and currently the on XXXX. that likely and both including
in Washington outlook the are wages the consumer for in next rate lining political XXXX, hikes preceding economies with December stronger for regional On despite year. and hike betrayal and market the midterm spending, more confidence U.S. QX and is The unemployment, improving a growing up low elections. for the strong rate
and details. more clients Tom to over better For have that, part, operating turn it With remain our optimistic the results. for most been I’ll experiencing
