quarter. to you, our for earnings million at Thanks by us. we’re Susan. came $XX.X in increase XX% share, start joining EPS, [ph] $X.XX me in everyone or the ROE Welcome happy at came to really And not those like better asset-sensitive. Net call. But, NIM Thank This helping. just margins, in is highlights XX.X%, let income of per course, is everyone with very asset-sensitivity expansion, I of also writing we’re earnings I’d business results. growth asset-sensitive or like remind of which helping. a because we’re And, in slight at little driven think, very that
at X.XX%, this remember expanded our trajectory margin year, basis quarter we if well, so points [indiscernible] XX at nice were third of So were And X.XX%. to quarter last quarter, were quarter, last I compared we last there. by
$XXX million slight a grew But which warehouse, Bridge warehouse as decline core in than and in and declines this by well. businesses a million. CRE by was mortgage $XXX declined Our offset partially is less This little C&I Pinnacle pushed quarter. mortgage
origination level think by everything $X.X with given deposits the I happened Consistent Fed tightening, is similar trends utilization now low billion. business. at mortgage that’s the in declined the that historically
making came which the before stands was just I don’t were will get that. balances into XXXX, journey, view, deposits. points. $XXX should XX%. light more we declines we now some half fast and years growing XXXX, basis if Fed keep Even going is let’s expect stick NIDDA say this by at the which the it a the we of we’re Tom in despite pandemic, were say first time million, is We’ll quarter little which to this just how like back of the in DDA Our these deposits. journey like now, year XX.X% like Overall at the for of end non-interest about, our today for NIDDA only because were business but But a is XXXX, of NIDDA in from $XXX about X-month deposits of part X large DDA is by a this Again, climbing details in was, year still million, part XX I’d total that XX% given seeing XX% of from the NIDDA, to total it will down started of shed where coming remind let’s and at particular one happen. our up you this shrunk. talk that cost declined up. more this coming we when everyone you line, like hiking, on on building
people impacted. now. customers basis last at significant by reaching to quarter the out to hit Ian, to happy was Hurricane were we all of think that we’re XX XX I And we quick, damage been who last basis there have points to were our report Really so facilities, points, week are no unless our might XX this safe. our quarter,
take a far, we included impact next just we the in don’t So and million provision in might case numbers. that’s credit. our on, did weeks million a material we’ve $X that, that into our expect few days here. $X that we information credit compiled, as Having have we a the roll provision purposes put did on said Therefore,
issues. We’re any credit systemic not seeing
hard very, as during they far, there, that the natural nothing be to report. every is really around to any issues might very out walk we it’s because very looking so find But, We’re slowing, economy careful. to have be
criticized classified fact, decline. to In continue they I’ve loans,
quarter This it decline was of healthy also, a very million. $XXX
quarter, at basis charge-offs And that net prior X.X offs charge stood points the not Excluding X XX the months, ratios XX X last for of low, our basis net which year. very small from very this portion NPA a points, but was the annualized to at basis quarter. the guarantee compared of is stood for loans, uptick quarter this months points for SBA
happy about as credit we’re that So well.
you million we another as to buyback, did sometime already authorize $XX continue As the goes that executed $XXX the on. of the of mid-September, know, on through end about have and time Board already we’ll million judiciously execute that quarter,
we’ve through comes I to if done the take buybacks you million. the $XXX September, end that number far think the So of so all about
that at to the positive By you, in C&I In have given mid-single-digits, that is terms many guidance for come loan again expect now CRE. by about way, driven quarter, which CRE we’ve out we not quarters. was many, quickly the growth and updating we the of year – said a
sort So about it’s were we now that of we the – business, C&I we’re the healthy. very and of very will very small growth, inflected finally clients my all CRE. other a are well, big not C&I’s lending, still middle positive, have quarter growing driver side nice largest happy positive onto it but a of be doing is [ph] market
cost a the deposits somewhat deposits, terms this In I quarter coming And keeps of as under think tightening. both expect will total I pressure, deposits. deposits deposits, this be challenging will climb be environment, Fed and to NIDDA of
We’re then and December. expecting another move a in another XX basis days, points here few in
comes margin. still should we’re that – positively to still when said having biased margin, So overall it
costs assets, in But, securities Overall, quarter. room So, still go will fourth and yes, is for a think expansion loans will our deposit up. up. the go yield we also there on margin
similar with actually talking usually terms last this My of, what that to economy. cautiously quarter, the seeing start is be overall, very I will which In we’re what said is I about, optimistic. comments
not appearing very if see looking that. are to we’re but finding any hard We’re cracks there anywhere,
peers. our to talking We’re
smaller non-banks. bigger We’re banks, to banks, talking
will be trying we’re yet. trouble to seeing a Having not that that said we long-term, fine, will a everything taking view not and emerge, we’re We’re are it see there will significant slowdown. where be sitting assuming that, but
And have just sometime careful. next year, to be we
aggressive, be a So little time be to cautious. a very not brave and but is this
we But, are call to about last quarter, on were of keep on the terms that us So very in the scale we thankful comes the doing optimism, and I for more the is and cautiousness as along. and the that missed the very part. we’ll Hurricane same revising that we we’re six most XX data X around well it of way say described Florida
to over it turn a little about deposits. to me get details more Tom Let into
