Excellent. Thanks, you It's morning. great great Good setup. this to morning, Chip, to that's a everybody. talk
QX. summary eight for Let's high-level start on slide earnings with
first banking quarter While about, coming but as ourselves survive the to are the positioned not earthquake kind of, to and only saw thrive. we we know weathering that talked coming, the aftershocks Chip, in
a can't we were growth, we what may key would continued customer consistent in second the our the us interest about of with growth made the ongoing actions commitments next economic margin the path And moderating and earnings the quarter as expenses credit all and The while net first the several and what the took do business strong liquidity, in loan quality over second certainly towards outlook growth and our strength have set quarter deposit performance, bring, such on in continued exceeded. we performance quarter, we predict quarters. strong model stable
and to PPNR, so numbers XX% growth both to first revenue lower driven well strong strong versus put reduction, it, by in as of EPS, improvement provision And in resulting continued credit in quarter. some as we QX, earned expense the $X.XX quality,
As for the throughout pipelines production at activity the was but $XXX was quarter, is healthy past encouraging still the some the have from we of closings loan Chip million, moved year. quarter, grown steady, loan had end steadily mentioned, of down but the which second-half QX as
well. as nicely up were Deposits
in linked even net with held the almost we risk our for into X% last that margin liquidity, inflows our was excess from quarter pleased earnings excess April of if ended customer On call I quarter about a with really deposit and the points in actually deposit that was expectations XXX business range April, forecast basis NIM further our second with quarter the of liquidity. while compression XXX in on with growth XX quarter basis. NIM of decline for I'm to the Our XXX a our to drag we shared up a say interest fantastic XX%
and net I'll bit more interest into minutes resiliency quarter of second get expectations and disciplined steady a with the it's In offerings sale with efforts Fee competitive the to our lenders, our on for both the detail half on short, relatively income pricing. income of our reasons along year. was gain growth our remain teams in excellent to deposit few the treasury a linked the improved customer our for due and NIM on premiums. positive with
discipline and the and million sound only declined and throughout year portfolio net provision as with management. we quarter-over-quarter continued continued $X reserve of to here charge-offs maintain for growth build declined Expenses the of rest expected and expect both
lending to Turning strength was particular production in Loan small the our in finance general again vertical, quarter slide sponsor areas multiple business XX. verticals. business our diverse and with market our solar middle across
going back pull opportunities look new for opportunities. others we forward those capturing business forward and see good on As to to expect we lending,
XX. net Let's income interest turn on now and our slide margin to trends
range XXX excess ended outlook NIM even XX a earlier compression XXX As with was three with further to points the XXX months I QX liquidity, decline ago risk drag. mentioned to basis with while at we that of our
downward NIM increase increase and NIM the than We in Fed's back repricing pressure the and first-half repricing flowed expected cycle, the expect balance that repricing, rate would on expansion. rate year see loan the the accelerated because be more sheet the end loan rapid through in we its the would year to the our of but cycle from the of half deposit be the expected to of the as near Fed of
in offering the rate new NIM March and net things hold due our grow true, where disciplined income since of help are still strong half expansion production and should deposits but interest which tailwinds very rate we to improvement able our and loan yields, while repricing continued lenders of those were already All to back savings both year. our flat remained the with
betas deposit first you the relates Oak out top ending Live information again side, Rate both point the to funds in rate to that competitors upper for highlights and provided Savings with it Fed the pricing digital as reference. Few on we on National deposit and along see
industry digital us mid-March, saw can were As well ahead deposit see, decided growth as proactively in rate XX seeing, and customer we full the reverse to competitors. points moving We when trends you to the back a crisis put we on last discussed quite up top the it outflows. worked hit move aggressively to positive And customer basis move call on savings earnings modestly path. a of we to
quarter. business And we a competitive along were holding beta highly attract position on while growth deposit as flat exactly Fed even in what the such cycle through another are outstanding we communicated particularly show our of that entire XX% savings on quarter, XX the points the to already is deposits, our rates And customer the to able we in expectation. though moved side, the all basis
let's loans side. take a at Now look the
production Loan have being basis nearly two upper but discussed, the in nicely points are portfolio the XXX at production quarter loan hold up as last the as table, yields the moving loan Our X.XX% we the rates. in rapidly we yields made but been we on right the upper moving portfolio can yields continue X.XX% as yields to booked just hadn't right rates true. new higher currently betas slide See in a the on the of loan than you been see deposit of table. loan points versus yields the on
of the majority quarter loan that yields. that the first following the quarterly on move They secondly, we up not change the happened adjusting which deposit intra-quarter changes, intra-quarter, monthly rate And unlike the loans over prior full in our don't prime means quarter. rate see of rate day in the variable are increases
current variable adjusting July our is portfolio yields variable and loans spread. newer rate rate. that will supporting XX% net about points time, our our in our improvement of almost over quarterly loans our XX% loans So rate XX as stabilization as to is older rise, of continue increase replace Xst, in our Therefore, saw and total production portfolio loan another basis now of
in of mean all should the for This quarter margin this what the expansion believe be some bottom the for NIM second-half same we see and year. what's So should the our NIM, as ago. we the
remains so an very here. let environment, and assumptions me our uncertain clear in This transparent current with be
assumptions us move continues rest we for Healthy at support the believe Deposit XX% loan First with afternoon major in increase. continues growth basis and industry pace XX range on or Deposit year. and related pricing liquidity. the for on above with levels pauses disruption betas further growth the the growth. of to current moves that no the that our pace Fed loan for beta deposits that points this
income. to impact decide on NIM, on an have if minimal more balance interest liquidity, that remember we it but sheet And have may on will impact the do net hold
continue continue we recap, earning to the expected grow. resiliency to to So NIM NIM and yields income we better and assets than improve, deposit as cost improvement expect and back QX of had net loan the interest half year moderate, in in
Turning to slide XX.
Let's take income a quick look trends. at non-interest
were the we to premiums at and premiums in before improving As market mid-March being I least been with mid-March. that improvement conditions and valuations had we after steady mentioned before, events seeing hold steady secondary would hopeful
the variable rate, some Our SBA fixed premiums fairly fact increased second sale in steady. the sales what of activity remain majority in sold again did was the gain which Though sales we quarter SBA activity, and rate encouraging. did see we was on
revaluation our held-for-sale And asset portfolio, on servicing quarter. and spot mark-to-market end as at the you assets our are the know loan our valuations value fair and based on rates of mark
valued While variability as volatility quarterly, continued there are we be we lower saw these versus will much QX as assets expected.
to industry. on slide even few highlights deposit through on deposit trends were events strong the you March relative Just growth a the in to hit our more see XX, will very
it given excellent to up rate we repricing for that we've As growth discussed, deposit have where so expected increases, quarter. exactly not we be to had rapid the experienced this has our the been pay
on have to very see trends, and Quickly strong slide be our key you industry. been liquidity XX, to which the continue relative
Turning to on expenses XX. slide
are we said do. justice We would we doing
going are growth our to moderating We forward. while grow continuing revenues expense
consistently opportunistic growth the and will our our efficiency tightly to we are we confident several While improve and revenue always quarters. over ratio be our producers, with are we in PPNR expense our hiring next managing ability
tech-related continue. quarter the our continued as have downlinked while expense quarters couple next-generation expenses and expect steady the expenses. see, increase to can Our continuing we versus levels and are we technology employee of to trends in And these held by you total in as even invest evidenced salary past for
Turning trends on to XX. credit slide
As remained strong. metrics Chip discussed earlier, credit
dues non-accruals remain actively low manageable portfolio to continue We and any are currently monitor do the well. Past weak see existing quite not and spots. as glaring
well. across You three as can business strong see credit segments quality that are the quite our trends
coverage our can moved bottom see the to loans for a loans trend As quarter expected while on five-year to but in low past to this charge-offs we've quarter, consistent during see. an loan the environment, more you of And net in provision expected, a $X-billion-plus very, the our declined are points $X with with XXX of very quarter of status you current had above million the strong years. as see only total increased, loans abnormally several total this so as portfolio, non-accrual remain basis the QX the XXXX performance. of of can you of reserves non-accruals that left the quarter's unguaranteed slide, We as non-accruals, across our even well non-accruals, industry
Slide to XX, shows capital which continues comfort. our overall give us great strength,
We to are our whatever lies small in to environment customers. well providing business growth capital positioned continue and thrive ahead
a the see for So second year. if thoughts of wrap up half on few like with would with Huntley? to our priorities Huntley the that,
