are morning, Thank and kind you safe because healthy. for good important everybody Bancorp several to very speaking this that you able much, management Thank several to present well. an would you be Bob, can be from today. all questions are time I members And to we a ladies you have, any call. imagine, of gentlemen. answer and understand all it good and our is for customers have thought, idea different joining this you to team of Hope us locations for as
So, posted at the our deck you have deck. please to we please on our and we look investor that deck, website follow encourage
Leibold, Carla Bank; very Officer Management Customers of Chief Officer our of who Sam our equipment who of President Officer, Officer Bank. Bank Financial as of England him. and several today them, Customers Lending Customers leasing Andy Operating and besides is as Chief also Ehst, Dick to Issa, Chief President me Finance of as the Steve call the Bancorp; important members is we Commercial are Joining Those market, Bowman is reporting Customers Chief Credit of the he well our well the executives, what Board Group has our, Sidhu, the as or New are
markets, our Market Jersey of administration then also our seen Glenn the New significantly weeks couple us And Also groups. and market. Jim the Collins. business joining is peer the also today. Jim and he heads been well And which of Romig of as you've our has us very our President of from as well what mortgage of there is is Tim our small group, last is Banking, immensely, Pennsylvania also President York, Tim private then Metro banking Lending, New as is our well our our Chicago teams Lyle the the as Lyle Cunningham. Head Specialty as is with he's as Chief numbers than joining has very, different Administrative Hedde. very Head Glenn Officer. us contributed is active companies,
very I'd customers, XX% So, we are team working to the our are our how that to remotely, quarter of we occasion well. and have an feel done we about really job, and shared how proud privileged and our off who members for really, in they've X working our them we've of remotely, if risen exceptional communities to of serving first talking go are deck investor all by the Page so start you. with
whatnot. members We've furloughs than had the we've We've the other team had them, and And and none I'm have are also we've right X,XXX, who the directly their zero pleased executive consideration, we've some team that so been by and who of loans our incentives day so impacted been are all had members interest to share had up bonuses, for but no far with pray some you officers special for has are COVID-XX, so that our those Company. for some family added additional we of members now. we suffering fortunate
important share are In hours can care speaks a have opened in more to and and cases. of in consumer center appointment which had like who drive consumer others, you We've X it's well days out our customer, helping imagine XX deferment has for our been customers portfolio that the week you, majority a X% somewhat that want but and few detail. very now, terms their quality with our consumers, the the discuss loan about care in of of the under right loan consumers, we'll windows banking, that we day, of I are branches open
customers information are PPP peer in there was many five as that business not-for-profit segment, by of $X of very well well Regarding we as advanced times to communities that average about business loans, as six the our of took group bankers. pleased based the and have that's that we some all about of helping administration for we you with prepared planted investment upon share small billion times you, those the as to advantage over the we the
it business $XX Multiples for us all from to an environment, helped million from Such Customers kind and that new but Bancorp, this not million of has sources. bank in doing expect in you checking new digitally. generated prospects has and opened $XXX already we've thousands are where all the open, but all approximately of thousand revenues branches attract we're what not their with only a account of about would of normally
asked estate for loan deployment. with And we to our you all the kind our real have know. doing for commercial commercial that XXX% and doing, again focus been of has touch estate are because we've as clients, us not customers that pleased speaks major you share commercial business of a of than kind X% real we other been for business are multifamily in This with it's commercial we've the C&I of been
the the talking franchise, are me the CNBC to or and Regarding that our pleased in of perspectives do to Bank share after survive, Bank in made for for community with only urgent a million the of invited this COVID-XX, share were excess Customers pleased directly but with donations thrive in on that Customers here. about you not of crisis. also how also we $X environment them communities, indirectly webinar entire you has business conducted we COVID-XX We've
X, and bit little we the banks proud a are about to of resemble $XX the Protection really So any of Page me -- peer dollar billion billion let to results and our those teams $XXX for Paycheck us have moving instances. done banks a in talk and our of outperformed we so on really the I'm more because Program, group many
So sized smaller Group. our expanded we we customers developed set in and helping its Banking in called because we businesses out to the have platform, communities, our group Fintech all company a
other several ability to expand developed So our reach, SBA customers. approved partnerships to with help and expand FINTECH platforms we our
relationship Customers X billion you little that And a able to as offer PPP we were established them X and of in loans. small Bank, over share pleased with to so with Friday, businesses XX,XXX I'm billion,
seen some competing low-XXs, the the we that And net revenues XX income from is interest itself, size which below from the well million you've those on loan to average that, two the first in what was of Our stay And the us. we in banks approximately top of in add months billion with. two to alone. from months origination million be XX they'll loans in with in that expect will $X million approximately $X normally were revenues in
The XX% of be to loans expecting forgiven will balance up and sheet. on is industry they may to these not stay the that XX%
of all the loans window the odd loan Protection We Reserve Paycheck are for to Federal the funding. Program putting
And so, of has points, XX impact it get whatsoever a on will spread and funding capital. the basis our no we and minus
you they approximately expect our So XX% not would $X interest two over and income. see net to million in next if the forgiven, on balance years, annual stay sheet, are more
So you up. all can add it
$XX and And would loans. you see later book net XX,XXX tangible to taxes and You're or million helping on, in the reserving $XX million value, $X.XX have to in interest reserves over our million quarter. we PPP been $XXX And besides for businesses pretty so, company, talking including book equals will we've or first approximately added so accretion conservative $X.XX here, approximately equity, after our the million approximately common $XXX million added that still happens XXX the about business, it that from about income. value just revenues in to just accretion, that
impact tangible any we balance have much equity. on better a without that sheet stronger common So our
set initiative From who directly loan of for our had a by we deferment to point-of-view, course COVID-XX. the borrowers, modification were up impacted
the days needs our the quality colleagues we believe that. to postponing days about comfortable six amount my is We understand XX from proactive a customers a just to are completely hear months with type talking days because very will and took we we to kind deferment on deferment, a And simply tremendous dialogue XX with the asset very, granting and of action have. we we that. of XX go decided of do and You very inevitable
you management engage are in opinion. have make actively But surprises, to our portfolio sure no that there to in be
or some majority deferment C&I deferments represents of deferred X.X%, the X.X% customers. them So multifamily our risk were are we higher in customers, that the of industries are our loan our stayed the about commercial line talking the loans total about area. are them of away which from of commercial and relief loan X.X% had were only X.X% and bottom is, portfolio, consumer But of
with the now engaged are are weekly understand a everybody credit in minimize being basis. monthly assistance, contacted basis and Bancorp we a actually who XXX% deterioration, on customer Customers their right are to Regarding so any on of deferment to and actively or clients situation borrowers
increase you was in and $XX.X quarter to want XX% the that highlights, XX% year-over-year in provision pretax, or income still PPNR first over XXXX interest Moving GAAP year. increase year-over-year earnings. whatever last $XX to million, is of PX you million quarter after reported we our billion Important it, first QX, $X net in in income. Slide providing provisions net and thing we was call know, by as revenues, non-interest That in X, made or pre-provision a driven is XX%
compares Looking at first in our built loans quality investment. the America. across numbers. XXst up reserve regional quarter That's only and reserves we banks with And levels $XXX over X.X% the amount today this XX/XX reserves the banks our and March at X.X% United The in from all at for comparable between XX, little reserves States, XX/XX/XXXX. for of asset midcap by X.X% all X.X% million the for March total
about X.X% of our consumer loans, we'll to amount equal more our loans loans. reserves are non-performing the to X.X% to So XXX% all XX, at and non-performing of were reserves X.X% our about of our that. and And talk March total
as seen over portfolio grew Our by loan you've last XX% year.
as last X gradually the Our multifamily over mentioned XX% last C&I or X loans, earlier, grew bringing loans year. our We've over been down I years.
year. So, down XX% they were last over
Our total multifamily and C&I up XX%. over estate loans of loans, real including is XX% make commercial
our is some XX% housing considered And multifamily loans about And XXX many are or of about over a as XXX FICA up like the personal XX% loans, no loans improvement manufactured our and to and is home as without about total we definition But sub-prime. little in -- other loans our refinancing, industries total have our loans of all as other loans. of well as of portfolio. well equity XX%, make that. under as and we student which about absolutely subprime only consumer loan be loans not are our the loans, home combined little X% And subprime scores, mortgages
deposit went our up year-over-year. of XX% the side it, On deposits
and point And capital from will XX. was year-over-year. as our risk tier efforts Bank. in X at Our even our at capital ratios base see view, well The one XX.X% total still our leverage was and capital was at of Customers so the deposits the XX.X% XX% up XX.X% Tier base March risk that of as efforts we our excluding PPP demand are accretion CETX from our earnings a retained
was include if XX.XX. it PPP, to revenues And a $XX.XX its From XX.XX. CECL, share a CECL you back from you million include approximately. value tangible excluding it's or book point view, we the And of made up if $XXX
be March PPP. March Although, issue able of there times only value XX, from timing we recognize At the revenues of of be as will were all XX. terms March we will trading in a when at tangible XX, coming to book X.XX
so and year-over-year, by PPNR you to equity you look I Moving capital mentioned financial is if X% its XX.X% Banks at went XX% XXst. Tier points emphasize year-over-year, wanted that Slide points improved equity like X, basis up year-over-year common this highlights basis at PPNR return to average or the CETX, that to up you. March X was for XXX by PPNR, our improved return on ROAA, adjusted XX assets and year-over-year XX.X% our on our to by
Our earlier income were XX%, up were interest up like was loans up deposits up our shared XX% income leases up with non-interest XX% and was and DDAs earlier, year-over-year, like said I net you I XX% year-over-year. year-over-year, XX%,
at you book earlier. with you tangible share, the value look X, as see If I can Slide you per shared
capital be the an at account. capital look would from assessment you If simply that to we our reserve odd transferred account because and
book. we here, can trading price you share has to compared up, and X.X% tangible years that $XX.XX that And pleased And to stock XX% at per but our share value to over so you I'm with per share that's X% year. tangible the over our been book few per of means last see value are book, between
about moving understanding one capital highlights one, loan our four those number top would we call, our and management management. what strong is And maintaining was these of I'll separately quality; second; company at you do risk management asset better on number -- five, discuss Bancorp. X, improving each number or risk about on for to portfolio profitability. we preserving Slide and The with a and are; risk top Customers this two, and process; We five and wanted share is our number the of agreement are is three expanding priorities focused management talk very us maintaining management capital five liquidity; so you margin have priorities number superior allocation to to and obviously with you our
culture been towards we, credit conservative Bowman, very, we back taking also are that reason environment in we But mean Credit portfolio go like. about Chief colleague, a management, year, in that last The in colleague, to in share our what this Officer So middle we a you the who's since have we've reserving. focused my do you with our conservative especially looks view now if a Andy for conservative been and are believe, on operating what very and by underwriting will underwriting of environment. is pre-recessionary minute our
to portfolio, stressed stressed, a been loan, of moving of than we would and where credits testing We've better every believe stress bank, environment credits, each out stressed focus the the our were rest the loan testing that only attracting more the recession in and then industry. trying perform on
are in more single more every that, contact weekly them sorry, this. to in we cases. contact week, we talk that more why, but of about from And you every very that's in with deferments that you Andy and that, frequent for addition borrower of having note a than important regular -- with And to maximum frequent working we automatic our borrowers are requiring one a them, most more hear the information it's will otherwise with are once and in
is margin. preserving two the Number expanding
you to our expanded last XX it compared XXXX. points As QX year, points where XX, know, in basis XXXX. basis It margin expanded March XX was
quarter. about every We we're the expect for year-end the to or X.X% saying single X% over entire be year, by margin
have preserving are our build so as and as this cost is quality, and our confident higher environment, we expanding credit reliance stronger well But kind in pricing, reducing are we important that our than sheet focused why disciplined very it believe your borrowings. That's we much very as a whatever funding, do And of more with we margin. reducing margin loans. to an is preserve on disciplined balance well as on to
have On in only important the we business you ratio borrowings. the it's liquidity with with reliance you on loan. of warehouse type already deposits reduced result growth a fund strong have liquidity in XX-day mortgage borrowing practices for those core that we most side loan know of should and to deposits that growth deposit and And it, exclude strong numbers a shared in when because the you demand is
so, for for And loan investment us. a held not it's
XX.X% have deposit excess we ratio. right And extremely so at of And which our over are XX% we of of is now. are $X assets average loan in to liquid billion our
based management in view, it's capital capital year with And last a of $XXX add becoming year point about our And quarters over no the million plus us to pre-recessionary the million upon from And I decided bank as stock to to our $XX company holding capitalized are to the $XXX we this our makes share pleased PPP well that the to in when environment you it callable. both style, we bank sense year. you for redeem third to fourth the with the add, quarters, and million equity of of status. next couple last pretax above and and is shared the will capital preferred well
above to about in ROA be having for long and peer remain the quartile core about And perhaps X, ends group focused being of within up and XX% of $X six our And ratios. that our of ROE and and I've focus improving would with can't next years or PPNR you we shared precise already the X of be our of within is environment, and a bit average targets this destroying why that uncertainty And away be confident our ROE but because COVID. and term those today maintaining little ROA are the top XXX X There cores and we which maintaining happens on EPS remain. are years our we growth. in we ROI. because profitability, kind is And ROA
portfolio move just and asset about of XX. our now assets. and talking you talking quality portfolio our management I'd our can So Slide like And about to to
portfolio. outstanding. make of loan of $XXX business my any of specialty middle up $X.X The is the million finance in this equipment performing And loans kind we'll lending banking, are of very our about billion portfolio million C&I $X.X And to billion and be about happy itself it. -- high such. And is is about answer market has $XXX colleagues And a and it. well diversified very, as happy So, question.
was that mortgage niche to X.X%. on outstanding, in average a March XX which XX%. We at loans yield business. companies, up is national The The had $X.X billion it's
And this now, to had months. two at, least right high we clients These have the now, led You companies, where booming companies, mostly booming it's areas are here is can held the XX next three the nation. curve for remain expected country. imagine the at mortgage we mortgage very right top-quality in XX quality is just business across independent to the and privately
fee a business. $XXX And points of basis in as in we a result being now. this non-interest are income for million also we deposit business top this us, also And XX loan of And outstanding generates XX about averages usually in this business about lender which as have bearing right balances.
business. great a it's So
at We haven't XX this years any been over that an other had losses fraud last the one-time loss unfortunate business. we've in than
point real From focused we've shopping multifamily we office view, deemphasizing but even two and loan ratio. deemphasized we last deemphasized buildings centers, we've over there, you have been such, I We've and to the mentioned to that of retail a Like retail years estate commercial to shops. been over two lending deemphasized lending on
is the year-over-year. real XX% commercial commercial the of And of loan X.X billion, XX% estate only about non-owner is So was estate down that's XX%, our which why portfolio. about occupied real portfolio
our at it's billion X.X X down now to be year-over-year. X.X XX% somewhere to we billion. between portfolio should this And expect you think, And multifamily billion, is
of opportunistic. high be little we that, pricing will bit we to spreads well very as in now, The so, widened adjusted we some borrowers, right will having the has We see quality we quality will opportunities higher basis. remain as risk disciplined maintain advantage think We take are and have but can a that.
best wanted student consumer this business. wanted we consumer in of As a build as concerned, to the limitation is the a the business, We that's Such business. wanted diversify improvement cautious, point view, with from of but our about home to to a best our be we business, to and of which some loans. $X.X are deposits put wanted outstanding our we bank We to billion, loans, in loans far constraints take wanted fintechs on for portfolio. about which loans, have this growth XX% refinancing includes why this of so personal
loans and liquid is And XX to of us business. subprime at for deemphasize million again, it's about portfolio subprime as today lot mortgages, million securities no And defined such, this our rate clean our all our disclosing some see very XXX XXX have because about and about investment a we As that details only interest X.XX you of more are in risk, really are residential portfolio all. percent will we assets we because that, have in assets. you
many years. about many, may for Andy Before loan known Bowman, met, company integral but our little investors with to I'd a I've many known you our been who years. and how like more of part you credit we and can share see portfolio never with culture. Andy have business. about analysts, our you bit Andy you for please if and define how talk many would very for our commercial Andy, decades. and He's ask And of a I've he's
