billion all this by by month. hard to and off American good all strategy. contributions across billion just team everyone. banks first Banker of among This members $XX and our clear the to helping bank the in to $XX is between bank Jay, you, assets want start testament I entire morning, our Thank members and our around team named from and #X a Bank for work simple be thanking the Customers
to especially a We wanted competitive the success industry, eyes different. in upon of what take differentiate highly we is able long-term believe to a company Banking dependent is us and makes to convey being clients. the moment
a culture a professionals, key have and customer service a Client a is differentiator service for model a delivered unique anchored Bank. around strategy. focused product offering entrepreneurial-minded exceptional Customers of We operating by unique
our to But for be culture take success. for continue our it. incredible able It's that company's wow, when always both The groups name we reason an these and in talent We been success to believe year past our shows believe at this. successful, critical of very members are exist heart our and for to its ask the the that that say, why won't company in our has will of entrepreneurial and firmly if team will word recruit successful been and organization. a our over are as our we've shareholders. to been result We has you we clients
join The company banks chose had a Bank. the at our their culture because top-tier Customers to professionals pickup large of who unique in part
momentum years [Audio out decades-long banks have on products relationships C&I deposit incredible Thanks treasury verticals, market more relied, incredible With and past moves verticals our commodity-oriented and over factors long and are start like driving attract and experience, franchise. these franchise. relied to other the across our strategic lending technology of talent. size Gap] build middle few While to profitability the
and sophistication verticals top to product the be we in offer. service We believe a breadth national We a people bank all participate all X center what competitor level is any we things niche in like banks. can X as deliver the money banks large which being can't of beyond larger and the of realistically a to imperative
leave client given seeking component serve banks. never in be Past model. we our a breadth has has to Diversification concentration seems, of of key business where are recent matter services no always how strong products with shown cause our any a for to a history has We institution. been a vertical that bank and challenges can
We consistent deposit have our broad-based, levels ensure diversified our and will shareholders. loan returns and our proactively limited be franchise to across deliver growth for
a us this still are a with efficiency to legacy in quartile the inputs while an operating output the branch to Our today people unique and of expensive company technology clients of technology burdened ratio. results desire frankly, branch-light top a well Financial employ. as into stack. the allows do with that model without network And being and both we that invest future chooses an can set as,
assets. and share compounded $XX growth top value share value banks As the annual compared of in XXXX earnings the shareholder per in rates key XX% are X-year share XX% tangible combination what has banking we've XX%, a per attributes discussed discussed the revenue, with just in to through in returns quartile all $XXX book is in I respectively, believe X% we for X%, and growth metrics industry. on of billion per to and billion revenue, of book in just resulted previous calls, for XX% earnings unique The
but above well. is performance top banks performing not multiples, just also above can industry you the see, the As quartile our average, as
X, Slide the On financial basis. highlights provided a on we've quarter's GAAP
on is we This financial X, core GAAP respectively. $X.XX function a Slide and and of income. quarter income ROA board. of in paying on million quarter, on EPS Core basis. EPS on years were we our results a net really And our $XX.X across have of X%, $X.XX earned and off. million investment ROCE the the $XX.X solid net XX.X% provided a core We In had was of
our just interest well primary net quality of to gain ratio points. quarter on XX positive and in earnings margin The severance-related basis a a as at was between points as as NPA benefit purchase by Our expenses. our from realized strong GAAP core evidenced the XX a X.XX%. a remained discount Fintech we basis investment expanded Credit difference
to X. Moving Slide
financial franchise our to top continuing of next deposit leg the remains Our execute priority on transformation.
to deposit performance thrilled We trend with are our date.
channels about will modestly, timing while total in And [Audio $X is to this lag inflows with once channels commercial of About down dollars we deposit quarter, more. of Gap] billion million high-quality the growth to Jay deposit broad-based were again be $XXX $XX gross experienced used which half to a generated due of XX franchise. million strengthen Growth of more these the quarter. was As remixing. or deposits growing similarly than per of mentioned, and remix
points basis June buck cost Noninterest-bearing As total by declined to our a represent continue levels. team were from but we in at, to the as new of as actually deposits members, Average XX stable bias at result about average industry of actually down quarter Friday, to a our of X at incredible these our from balances modestly X.X% were coming tailwinds trends. end. continue spot deposits to efforts deposit the up in as least mix higher teams here see continue we and with to modestly current of with somewhat XX% quarter generation deposits
high franchise the XX% at we which Importantly, ended of on and of the focus as deposits, affiliate continue and total insured the the deposit at the to stability of quarter collateralized deposits industry. is end
update next the our Slide April. performance banking with last we higher line less of the deposits. granularity. We of XX some to in Moving brief quality, that depth In By including our deposit phase cost a that involves the quality discussion joined cost of teams to over focus with of and us last on and the provide combination replacing new the on year, bank a you quarter, strategic X. deposits with higher transformation relationship, teams want mean the joined
growth of a granular extremely their $XXX Since about have banking thrilled hired XXXX, below are funds. generated date. to relationship-based first deposits million X% about X.X% newly blended averaging Fed of quarter We with low-cost in the or teams rate progress
since quarter early newest to of in-person these knew been when they new just April. hired talented moment take highly banking of clients. prospects long-standing personally were on I'll that relationships the bankers have We joined. detail bankers the the performance the with experienced XXX teams teams have I give month than customers more and teams more but a we us strength joined with that their we at in our participated have the and the last of in that meetings amazed
been clients The receptivity of nothing from fantastic. short has
to bank, believe to of join capabilities to service financial and thanks the have the We looking strength. for we our them these and are deliver clients, nearly customer best-in-class all
I the In with personally become customers. to expected two or met all customers of fact, client already but prospects are
of million new new We hired XX% balances teams are clients cost welcome in approximately blended with The to April about deposit a thrilled $XXX at bank. of our more generated noninterest-bearing these to being X%. than
Of the as XX% that time operating in primary more way. also of approximately been quality to XX, XXXX. relationships than meaningful opened, accounts. of the these July stickiness have is we've The X,XXX takes signifies but nature accounts these account transition, of a and This funded
account that commercial around put XX, to XXXX, had we context, Just customers. on opening XX,XXX into March
these by development. business So in almost account new of XX% franchise commercial approximately have increased teams our XXX days
[Audio over the over is billion, $X few year, quarters. we Gap]
Recruited to the next which expect over last convert
few the on of for to which short track incredible to, as be end XXXX teams an recruited feat by guided to breakeven a going we remain quarter previously of quarters. first the the we is in be Importantly, just newest
and that see verticals. can production This you at impressive for loan $XXX the net rate of demand investment quarter, is XX, an a tepid. annualized Slide in generated specialized when from loan growth industry came XX% held we growth million corporate banking On our time
contributors largest fund and finance. were health Our finance, equipment care
real there CRE competitors, primary the pullback for a Given and a competitive of regional have may select add the commercial advantage. relative proving we XXXX high our estate deposits. And in clients back banking to opportunities be peers, where the our concentration is best us of to with support substantial concentration be half relationship low volume some of to
floating in with production around New points. at pricing SOFR highly in yields plus basis loan loans rate XXX all attractive came
and remain to XX% loan outlook strong, our XXXX pipelines remains intact. loan Our XX% growth of in
third We great again converting We focus growth. the franchise. million million getting in to into and the disciplined seeing pipeline quarter we of will booked as visibility full loan across remain on are and selective $XXX roughly opportunities have a franchise-enhancing relationship, $XXX
as million a and banking new with Our the these typical highly granular contributing also million. balance are are teams pipeline to a to roughly of $X average only relationships note, $X
additional detail. call to provide I'd With that, over to like to turn Phil the