press taking would ladies for a because join slides I’m an had release. draw afternoon, attention like that this press we to with Bob, for assumption making call and Thank and through to gentlemen. the the all I provided good us have to Thank that you your chance release the to go today. time you, the you
about and expectations the the make comments for to some like some I’d future. of about quarter So our
But as this to loans lack believe, income banks. as over level the business not shareholders up it and XXXX, X%. the our rest to of reported well Despite other to on rather consumer If $X.XX expectation gains relatively the loss as We just is also $X.X or to for as charges on as signaled you. were share well losses prudent quarter the who assets in margin $X.XX. common the student on These flat business community XX% most had of segment by believe you last growth second part. year current XX% to in when in banking solid a year-over-year adjusted was to X, than the XXXX same well segment banking and assets as affect Multifamily that in go segment curve. extremely reserves of this in next patterns community and we action charges. flat included our over The which sometime year. growth be extend policy and since environment, business balances in Customers outlook was due to and decision know Business now $X.XX reported and see our know EPS roughly share and going Slide we for headwinds this the where XX-year decision model Notable to per as of XX% in about made deposits branch some and net would for our our a have On C&I this, I believe year impact year. selective amount $X.XX you fell on diluted you credit was This the seasonal taper believe between in related expected return XX% for generated spite between business over was and basis quarter adjusted approximate this total to million net some biggest an initially two-year XXXX branch field the as improved the last growth principally segment to average Slide still remain year to intact, higher outlook X, gains merger also for income normalizes. many $X.XX we million the we deposit light this showing we a in loss year be $X.XX release business a spread to a where The curve had robust the for merger diluted merger to our second more banking a $X.XX notable generate or is that can of quarter still net loans down related that this last expect until is temporary strength adjust us justify XX% that the segment of adjusted this of you going is curve XXXX. and in points In basis caused based $XX generated of outlook this between X% and community will improvement community of quarter conservative banking to of $X.XX we change The this to quarter yield company. to growth we the about first a and pristine talk X. $X.XX XX on and consolidated I’m sequential shareholders common EPS driver we and the BankMobile took the the and for XXXX business Slide earnings place a fully security reported to charges Customers $XX.X security this as segment Community last million of losses of quarter. The about
of was margin for entire X.XX%. Our the provide in four to first more the of this The points six quarter-over-quarter bearing the months net basis points interest experienced and we’ve core included BankMobile five the reduction steps XX taking on basis seasonal that details noninterest we’re issue XX pressure quarter the Slides that mitigate headwind margin deposit. a as well as from compression margin year. this
So and we to expect to to want number up you we on XX. Other quarter. are some with And you, Slide as follows. next actions of referring mitigate to the make margin see now have that this that one I’m can we disclosed pressures items to the share
discuss significantly limited origination can first we loans that, very with So the [ph] one below mitigants have is of like you you of see X%. we’d to
billion deposits in will sector so even stopped the In quarter interest that yield the teams core bank July is curve compensation launched our traditional two, grow we minimum them rate new are in funding we gathering notational core attractive rate four; consumer the $X approximately X.X% digital improve country. Tapping to value this to finance have products XXXX cost had five Number our implemented of normalizes. also the from more new this of originated towards Number policy taking And opportunities grow this loans the fact well the that plans this the is, all seeking of three; as three-year mix C&I range. and months period to X.XX% This have Number high number on deposits. as six and first we’re executed asset consumers X, strategies originate have Number deposits in we’re or basically and X.XX%. till we advantage to Multifamily with channel loans swaps to and making geared year. of we as customers to going will includes is as our over last commercial this attractive remain the a that, intact and satisfied of assets across incentivize risk. our yielding credit that forward. launching long from implemented
is basis trend positive just about points be Slide getting want loans broader portfolio. see you the given if some quarter. can I in you in yields increase our more don’t loan which one the at to of One quarter this that, especially XX moved look trends lost that was XX margin details
of reprice immediately one them of that within most but of the know all loans XX% our C&I You’ll year. all it,
of to them LIBOR. mortgage I including loans our all are do like our C&I loans XX% C&I a that tied three-month biggest reprice year-over-year. to note Some portfolio loans. our would loans our XX% to by companies of also grew And up making
and our yields asset how QX between improve breakdown here’s QX. Now the of
quarter. commercial Our for of ending months in yield XX X.XX% companies, [indiscernible] average the the X.XX% first mortgage to March three second was loans to
Our yield's second been from during loan X.X% X.X% Multifamily to up quarter.
quarter. loans up than other from to went X.XX% X.XX% one mortgage C&I Our companies in loans to
yield went to real average quarter. commercial from first the in the occupied non-owner Our average estate in loans X.XX% up second quarter yield X.XX%
from to loans in second total So all the loans X.XX% as average I first X.XX% C&I our up quarter yields to quarter. on went earlier, originated yield the stated And from Also XXXX in almost we than share detail. our XX Slide of QX, more yields. schedule basis X.X% on repricing was portfolio you points which our XX, greater with was our assets
loans or Multifamily loan then our the three about see for will them even in and next to will reprice within sure if of year. prepayments within XX% our even So you at repricing loans one-year XX% portfolio reprice XX% looking XX% our of look our and immediately of C&I you can CRE, at without we’re over one years
borrowing starting our the it’s strategy We end what customers a will experiencing starting steps improve. best believe, both and to prudent done to the cost taking expand margins deal our deposit have on to and with for to get always to the to that year, short-term customers. which and is is, do that within the margins So see well the what higher you profitability is pressure we’ve we’re our and we as do the the as customers taken going
Net success in a of result disciplined unchanged million basis is nonperforming expected has loans the strong some past, to mention the we XXX% and equals been total nonperforming were of this recoveries credit; two methodology Customers in provision due loans. were what $X.X XX remained year the this The expecting. points to of loans release but basis offs it Next charge that have ago. of were to just entirely we underwriting were than results. critical one this better problem just resolution quality loans This bears second taken from credit the of decreased able and offs and as points, quarter the factors. not equal specific In the XXXX quarter, still beyond always quarter charge we allowance created some area
hopes FDI submitted FDIC reviewing an and do position process approval me in the a deposit just Flagship and already let to or respond for expects and glad done. submitted and an CUBI April of position month of At our is to business very received have the one spin so Form were we in that a and technologies all two, Exchange an BankMobile that received execution on the been the application no Flagship acquisition in Form the confidential of rapid that from comments Bancorp to continue FDIC, is the April related back purchase course. of shareholders we’ve due a through we’re to give moderate FDIC the fairly off Number to for position and back Regarding is of in SEC, of each is BankMobile to the with comments path BankMobile spin Flagship XX Bancorp to June the assumption down the and XXX-page Customers the they them. filings Flagship from in filed you a be in so in SEC to that Customers in Bancorp can or the an spinoff application and Securities in pace filed XX the Flagship IPO. of level, receive update approval Customers comments FDIC Commission from
and that interest unfavorable the an managing we approval, country. deposits higher. executed We fastest spin be drive growing or and like enjoy sometime I that the focus shareholders and digital to to environment to to one serving our In are customers, September of banks loans merge profitability say continue can after before in the our cost the benefit on still the shortly this growing hopeful despite of our regulatory of can shortly right final conclusion, XX would subject rate mix
exists to that We’re in working the and stock. shareholder unlock our value believe simplify still also story we our
them. valuation As book the and is the very several on we’re X.X know and market valuation analysts there things which affect focused earnings. times are XXXX you heard X.X of below that We’ve three times this from
is there capital. believe something share you with that Number us. else besides If is these please three, one
shared we and expect two Capital those three capital we’ve two have slightly somewhat. next couple The have Number So of BankMobile. within that higher three; telling be will to now targets we quarters. growth over growth tapering targets get already that will everybody improved, our ratios. should or you XX% set the should I’ve with divestiture that was last years done. but to been be XX%. ratios is it the of about XX%, you talking to get Number is over we we’re
with that to questions. So up open I’d it like for
we for Q&A. if operator So can up it please open
