Thanks, morning, everyone. Jim, Good and
repurchased quarter. the of financial gain the to deposits. of highlights. excluding $XXX,XXX we that QX, during were with per $X.XX share we our Turning retirement $X.XX after adjusted QX the a reported on sub-debt diluted Starting an of earnings million EPS $X basis, On In
We continued noninterest-bearing interest-bearing shift deposits of to into see a accounts.
a XX% in XX% total and of As from peak the X.X% declined of the mix noninterest-bearing from QX. and deposits quarter, QX result, this last deposits QX in XX% fell to
a positively. pace the in the from the QX, view of decline was pace QX deceleration we Importantly, we saw which in
additional some anticipate do couple of our noninterest-bearing over we the to quarters mix. pressures However, next deposit
in need continued QX, price Ultimately, which interest the from XX% adding up combined in margin. to continued increase to interest-bearing XX% betas is our with to QX net deposit to pressure continued our deposits,
quarter to deposit interest XX yields, expect in We as will the continue result. and contracted a our to of beta These net pressures continue during year. half basis points the second the margin increase outstrip loan rising deposit our X.XX% to
to lower than contracted Excluding points accretion, in XX was from X.XX% our to X.XX% this $XXX,XXX Notably, XX adjusted in QX. accounting QX. contraction contraction net rate of NIM of basis from points QX basis the
basis liquidity points basis to quarter, paid of of versus while pressure our we Additionally, XX QX. the we in throughout, still added held it during points which off portions QX excess X
sequentially, margin more with giving generally for in both expectations, our QX Importantly, our net net line were while interest confidence us our down in and estimates. forward income interest
net expect we deposit QX pressures waning betas see we to and in while rising these margin QX, quarter. pressure each So to continue interest through
million $XX.X reported We income. fee to Shifting in QX.
million, mentioned from sub-debt down adjusted the remain insurance fee $XX.X gain strength a the million relatively The $XXX,XXX drivers our environment. in in was interest on segment the banking mortgage mortgage previously, seasonal primary from decline in QX revenue, Excluding and of trends weak decline income current in $XX.X rate our as of QX. our were lapping this retirement business
in better lines salaries primary we million increased of Notably, relatively office was current in to expense due the Our levels the from this assessments our $XX.X in the noninterest to and increase. half and of QX environment, in QX. second renewed Growth growth year. benefits, on and operations regulatory and million drivers expense than $XX.X were actually stable management the slightly focus our expectations anticipate expense
capital. to Turning
the all holding remained our to at shown company, the losses both Slide our ratio XX levels, X%, even on considered remain calculations. above of levels we of regulatory AOCI if capitalized, our presentation, in TCE ending bank well X.X%. include quarter Furthermore, capital at as were and Our the above investor
of securities to opportunities potential turn an capital of to level as advantage that, we I'll any to shareholders. our with capital future confident the deployment that to have for back flexibility drive take we it classified close, held Drake. remain With immaterial To value now maturity,
