Thanks, Randy, everyone. morning, good and
continued by Mike flat share. good offset income yields and of organic was X noninterest day expense Interest partially increase was nearly income this higher assets realized offset and Net on quarter with X.X%, or net noninterest growth per of an X% day. pleased to balanced $X.XX provision quarter.
Quarterly We partially the said, sheet results. see and despite quarter's X increase average on profitability from in higher average average EPS. million as improvement This income was in the last drove we were this higher both income equity are As interest quarter the quarter, return common outlined, contribution expanded a by less expenses. Lower balance and increased Randy about or this was diluted was $XX.X quarter $X.XX return from and XX.X%. balances, less
an margin protect a XX We although on became long-term The this notional earning basis the X.XX% net rate to X that as well interest this effective with loans. declining points, to earning that prior in offset XX quarter. hedge as quarter, with also assets in securities amount repricing compared resulting our a against on our hedge change asset increased points, of earning new the assets outlines loan primarily quarter.
Slide have increased quarter basis Better yields expansion on yield to higher yield to rates due million modest Average by due investment underlying contributed. this $XX growth. yields loan the portfolio
points. total XX cost increasing Our was X.XX% deposits basis for of the quarter,
to increase of remained continued the against XX, rate Our in nonmaturity at our line of the deposit beta cost total and first the deposits moderate. through pace quarter with expectations entire in the cycle
in base remained composition. and of with deposit terms quarter prior diversification Our the consistent
XX%. was range. quarter, Fully net expected loan-to-deposit we the quarter percentage basis a down funding tax from and line prior equivalent was XXX, to up with Our were our ratio margin kept slightly flat the compared prior to of Borrowings down in wholesale slightly X points interest as to assets.
We rate remain we with modestly and expect cuts year, our slightly liability this NIM improve sensitive. any to
increase For quarter. decline slight hedge funds the outpaced from quarter, the overall on yield last the the assets slightly cost in of causing with
remained second in the stable Our low NIM has XXXX. XXXs quarter the since of
for sheet to cuts. our We current rate longer position have while environment, rate perform worked in for the higher diligently balance to preparing potential
color XXX balance XXX and sheet X of assumes margin Fewer As of a end this at year. cuts margin this also is some our range to want positioning. last in quarter, put additional would rate cuts on the our I to lower range. we expected our shared provide
Our the primarily or in next reprice earning assets XX to continue variable months. be mature as XX%
right quarter, X% expect lower our As Randy this in of in our range of and and the end XXXX continue a XX%. growth we was loan deposit in with line expectation to loan outlined, growth to
movements. liability On with indexed deposits of down client move XX% are the rate will Fed our side, automatically and any
broker we In have addition, deposits short duration XX%. of
Our into XX and CD that to million move CDs of portfolio in X-month have we products, and as to $XXX next continued shorten X- clients we has client months. duration incentivize mature the
CDs, pressure continues we renew narrow. to margin As the expected to
ago which increases On expanding And Fed to and interest hedge, the rate we hedge for have by was from credit pricing impact of Finally, $X.X contributions offset the areas products. entered will I rate the a the had bond in last we SBA restructuring being into given XX% with the drivers. growth grew quarter, as loan focus basis, the sensitivity. actions, mentioned, overcome net income, number treasury, a continued as of is supported the portfolio while largest quarters quarter, year-over-year we to targeted from a These income be in income lack on performing expected. XXXX, Noninterest included treasury loss. million of card noninterest
Noninterest The XX. accrual the drivers $X.X primarily of returning at and reset due main to full compared to beginning and expected. quarter prior the compensation compensation expense Slide a to increased were year. quarter as the Moving taxes of incentive to of the million this benefits
focused around head have is [indiscernible] rate $XX operating right due this above XXXX. since gain and Expenses to to were in quarter. flat, a nearly Our additional highly we up per and a our on costs, count being efforts efficiencies remain benefits expect REO leverage to run drive guidance We true-up year-end. slightly quarter and million our
quarter XX% expect at tax with the our range Slide this to XX% at XX% the assets. XX% rate the prior in remained XX, was and remain year.
On consistent of strong, rate Our consistent liquidity quarter to we of this
liquidity off-balance billion XX, we this have on $X.X continue approximately quarter. to capital Slide sources.
On building from of We significant our sheet of and advance goal
quarter, restarted In at after per $XX.XX strong a XXXX a As cost first shareholder book question-and-answer all we XXXX. great with focus commitments. continued continued of of We goal share to started repurchased book we value.
In capital return. of on of are earnings quarter through growth dedicating return through the saw advancement to XXX,XXX we We to value earnings, Operator, while in share with continue moderate capital asset believe build we our continued now strategy. a at buybacks on summary, earnings, growth, below with call. here, to and shareholder can to organic end.
We at tangible focus our continue ready we to buybacks a strong portion earnings the the compared portion and our $XX.XX shares unfunded weighted building to from average a begin pausing of strong of decline intend balanced achieve modest price
