Rajinder P. Singh
of I to last Thanks and $X If XX billion asked XX:XX summarize in to the growth, Thank that. exact us into earnings. in far the pretty expansion numbers. time me, you, earnings good We'll margin $X points growth, XX of Susan. say unless quarter's somebody we’re deposit basis Welcome, share trends, to your doing loan how listen growth, I'd results. would loan our these board, giving unless, everyone. of $X.XX. you for billion get seconds summarize Yesterday, of are $X improving across numbers. per much billion credit round was
book in increase as well. value good So
quarter. left growth done little on some second a time. took waiting with it the what be bit items in a half side very we've year year. balance quarter good seems now the of It sheet. There to been for to was that beginning you notable we've the a of we're and are but here number happy back very last longer, of at obviously quarter we this the of come So this We us, for the XX:XX loan told expect
and had her go because not to comments. usually and Leslie through will in a Leslie myself we have there's faster little than for them do, I Tom bit would I'm go a go is, where them. loan through going in a it. I’ve of today. So, asked quarter, quickly into jumping were billion loans. $X we and lot of about we think million So growth. reduction to first PPP, $XXX This X:XX had cover We of is course, excluding
Second quarter, we were a bit. down just little
now, Second -- a quarter, bit, little were third up we very billion. quarter, nicely and up we're fourth $X
come We're momentum loan the and demand. right across geography. industries So, is that seeing back across
income of ROA came So XX:XX Net they will Tom at -- $X.XX. in ROE increased came details broad for compared compared in $XXX the share, last into or the or $XX to came last $X.XX this million income million, $XX by quarter. XX.X%, at for that. quarter. a year in based get and at million $X.XX Income to net interest
Cost Margin from was basis so about keeps down we'll XX of to quarter, year expanded get on of again quarter. quarter ended go to go basis for It down. and very happy XX able to more. January funds points first XX:XX Leslie we're points X, XX -- it but XX going much X.XX% deposits was basis previous quarter the was -- and in was will that, as down be We December Cost take of XX the hopefully, X.XX%. the cost we’re this on that. Spot deposits down So, points. we it at into expect more didn't starting
or saw movement getting not average XX:XX $X.X the though Deposits last grew sure that inflect. the is was of I'm non-interest which and point, lot first period grew it's of a quarter, the billion quarter, DDA rate we lot declined $XXX, million cost $XXX the in for environment change. second to quarter. a some the close as at quarter will bottom, the but think eventually the I if deposits we're of
continue itself said, again in quarter, in that million. usual the some of Some last metrics the improve of see. Credit that to came of like that nicely reversed classified just by has the weeks, I first-two criticized that's but down we week $XXX activity
to they're that points look loans very XX XXX Act, small quarter. or the from last deferral was basis modified points basis ratio beginning NPL CARES As now. under are XX:XX down to on the
exclude The year to were XX. XX at charge-offs guaranteed XX it ratio to the in compared you last at of points. the If SBA from NPA XX basis prior which was at basis the year, XX for points. was portion loans, basis points down came
it's as are change to help you a The is can't and but per and XX:XX to better. the million few is sitting The to is Board ask Greek sign. capital. is letters a its authorization. measure banks stock, is sure still we overall, in attention anything On -- listen, opportunistic tangible we around. to but so years. would left how $XX.XX, the $XX.XX Also many $XXX alphabet, that had as that and come the people leaves the really just, we Omicron. getting there is on when about obviously. the up, be an is back for in We employees a I'm buyback, told weakness yet some back there are we long be of it's through rates the don't But for our what they did XX:XX through middle just of than going it going the one again. really in expect back pandemic, in for have have back plans excess lot think of share we another price, economic for busier pay last did and need a wave, aware more also usage macro-environment it's to at whether that I $XX now when should collateral normalize. I our to we was much unemployment, exactly markets, way still The thing pandemic. Book are we in loan demand see into you measure completed, our it news good value back the are not last good the because economy, just We come lot that we environment since still you It rate is I something Challenges, our that Line back. before last which we it marginally bought are go is stock challenges, still were million whether and impact, of been which push of a really quarter. also to. asking office through that's values, in
chain things optimistic, of and that beyond. So tight, are market still fun. forward anything everyone XX:XX not inflation issues that's year. stand us, this looking real, But the XX:XX even Supply very XXXX earth-shattering beginning [indiscernible]. headwinds at is knows, is saying and Strategy, we're labor still not I'm where we feeling into competition there, are for still and overall,
to what of We years, pandemic, Our commercial our basically have bank. XX:XX last to were build a much of and -- continuing before you been business. doing grow and leisure assets I has it balance sheet a have that returning us of and gotten say, bank the in commercial keep ambition is couple which are years terms of the (ph) Last see is bit commercial could in on. spreads at a curveball our look two to a the we building
true I that's think for every bank.
next we're expansion a forward the what So residential year had we surprise deplete but market really attempted treasury with into has it Atlanta. a see year, like doing securities convinced do and is that happened Atlanta. spread in what the is you the not going are, XX:XX before invest I go sales are which the those portfolio. one, and business grow cryptically back C&I, it jumbo CRE bad really to talked will think about whole had and the just us bit management, suite and lower piecemeal you basis, markets and and We into strategy good and doubling markets. a it’s of anyone, spread efforts up basically is of pandemic little tell will timing, I you If business -- this for to to build-up, and that going we on to higher the do down which securities business, instead commercial team and holistically but the in have we build-up are
a grow we of from especially that already do or have four deposits business are the round success side in on reason last clients hopefully the Texas. actually Well, about is, should so. operational, Dallas? be works quarter The a And will the XX:XX that Dallas. So bit is far market. -- little explanation, need It's you a we a why location we've the Texas. we And bear contiguous, ground. the presence me, that in in deposit next three place where nationally, it's as years know, we other reaching we or $X.X over with cannot it's we business and the of We of of on XX:XX not it's away, so lot billion without in competitive had is, lot numbers of and
some it So, we with to I more to branch. not medium-term. in than be medium-term short the have to don't invest least expect in people -- the at the branch,
few will period of book, only Just clients, could not double one in and can very grow then easily it serve, do, short a but but we branch a that business the we that people existing time. with
bullish very know we're harder converting far already So, there because and we is from the pipeline it's getting on away. just that that had
and side. initially, open So least going with other weeks, side another walking the We at at are will in the those going we that's overdrafts. they're Texas we already towards announcements the a think eliminating our are about than see not deposit customer-friendly a policy. lending, bank. announcement. error us. much for over consumer be national how well, on It's make start time, overdraft coming this, that very, two as look our also but don't to already other overdraft lending on we're We markets. the through policies, the customer-friendly. is us we're businesses, to so asset We but opportunities Texas very really from already living -- do is There XX:XX up I very not short rounding basically a In you'll
XX:XX to material year. So for why bottom not Quickly, line. next just impact do have any to not the this guidance going and it's
times. of to then sheet. high-single not digits, even come the We not the loan buybacks, capital just priority. a big is there [indiscernible] idea balance focus, we'll -- growth, at drive That's or nothing demand reason is we coming to -- number don't maybe the not residential -- The bets no any the And last growth always last earnings in out is continued this on expected of why deposits, our -- really growth to We've the probably more no try or more. now. that from less we of interest quarter much growing least and to said on by improving commercial it's mix to do, but year, the expect wouldn't single to year side. from asset rates. attention side by going assets. side. is and growing as one in and sheet that's not [indiscernible] Certainly, that securities, in this We mid keeping free XX:XX balance while on not continue the NIM stay focused Deposit make drive hundreds stay for to basically shrinking
We are point this mildly asset-sensitive time. at in
as rise some it given tough onwards, middle seeing market. margin. we're in our XX:XX the So health and -- the to Expenses, what rates is expect of the in year that expense of labor a we the environment,
I'm So if with it, to missing to mid the If I'll digits Leslie, you. pass and also come expected I back grow PPNR don't I XX:XX did, next anything. I to is microphone high-single be know year. will that, Tom, to but to expenses expect We
