good and morning, everyone. Jim Thanks,
a per deposits. diluted highlights. of the million a after earnings excluding declined QX, sold during share financial to quarter. our EPS reported $X.X an with On of In securities X.X% we deposits Turning MSR the million loss QX $X.X on Total quarter.
Starting write-down the adjusted basis, were $X.XX during and $X.XX.
deposits However, linked exclude as quarter brokered if earlier, grew you Lance deposits. mentioned X.X%
continued into continue We shift in than noninterest-bearing to expectations deposits of though see accounts, abate was our a QX. interest-bearing better trend and to this
Pricing change are couple the environment. in Moving QX forward, XX% pricing our some easing to in the the with we increased continued any couple quarters. and we Ultimately, over our XX% deposit quarters, slightly total continued increase in but deposit in next still from QX, combined over rate some will our slightly expect of pressures, pressure XX% do next QX. mix noninterest-bearing to XX% of forecast beta absent beta pressures
taken to in interest with shift expectations. securities favorable our portfolio earning more essentially mix a during than our pressures expansion basis to margin QX X.XX%, drove of QX, our Importantly, in line late net combined reposition points actions late with in cost the offset and resulting and discipline X asset to in again in quarter funding pricing loan
at forward, we plus should anticipate minus relatively be QX or point. basis X flat Moving NIM
rate the in XXXX That curve expansion interest Fed XXXX said, to during XX calls dot plot throughout of year an increasing elevated current environment, and during of flat cuts rate the second an X, rate a expect and repricing. the the loans cuts half would XXXX. volumes fixed the X basis Assuming due at point XXX remainder to of forward of we is expectation point for pricing basis
will sensitive. our we subsequent as deposit we pressure lagged to the cuts lag than margin up. modeling, first down, As a as more In betas reminder, we just the they are the X assume X on asset will assume on way way cuts
cuts. valve as previously XX static points assume rates. we environment could Fed XX in commercial towards result pressure in relief points repricing XXXX first mentioned Notably, a in begin of the of X, XX act pressure XXX the aforementioned fixed second cuts to loan of basis point the such, basis basis the As should rate a the should cutting to the weighted first half margin margin
environment at above X.X%. run Fed longer-term can we business cycle a still easing, In over full where a target we X% an NIM the with expect is our
as our are As of Southeast Drake our quarters into from a We new will estimate positions achieve continue the new about and X.X within market creation This discussed, are us and market deposits Southeast we was X bank cash attractive growth with on the hand. investment midsized and Lance we strategic loans years, very very standpoint financially. in market. and payback a well assuming less than funded evolution breakeven excited
these on we the justifiable. upfront metrics, believe is impact Based EPS
of outlined sold loss Lastly, on Slide of million today's million the of at quarter. XX book a realized $XX.X as value presentation, we with securities investor during $X.X a
unfunded the hand fund this transaction Southeast for loan will We market well new the gap proceeds the our use as other on across loan in growth cash as markets. to as of
the XX, loans see a for on margin Slide But our a deploy the benefit range proceeds into the years, midpoint EPS on margin and EPS expectations, estimate how annual a $X.XX. cash takes. an earn-back, payback and of You of long it and points benefits X securities of trade at we from depending X.X benefit can to of of ability basis
noninterest QX. reported in to we income, $X.X Shifting million
Excluding on QX, insurance the in from of previously sold the of $XX.X from noninterest adjusted mentioned $XX.X investment million securities. decline. this down million $XX.X income $X.X and quarter, our the sale and million MSR on gain our in an a $X.X asset Expected the million write-up write-down loss million securities million business during primary was driver loss was seasonality in our of $X.X QX,
During impairment decided an recognized of million exploring to sale associated and the mortgage the the begin the quarter, our planned asset. to sale on of facilitate we of the $X.X MSR servicing business
costs to noninterest million in market were impacted unexpected elevated in related not was part QX our in million self-insurance quarter $XX.X in large $X.X $XX.X by Our These to The million entry. healthcare, costs expense from new expectations. Southeast increased our expense, and in QX.
team While expense we long-term of a levels, advantage that managing operate position also growth strength our fit believe we from remain opportunities lift-outs. laser-focused our can take like and we operating vision on of
growth XXXX, new such, As to expense including in range the our will market in XXXX. impact believe Southeast mid-single-digit we of be compared the
at with our interest we in loss quarter ratio favorable rate the tangible in common our portfolio, securities levels equity. movement above even combined Furthermore, Slide ending of position Turning to AOCI our X% late XX organic capital, TCE growth both exceeded in note improved as the QX of include that X.X% loss the levels well our as our if all capital and at presentation, holding bank company shown the considered regulatory to remain capitalized calculations. were we investor in on in
that our back With it value to confident flexibility capital remain turn advantage take now any for opportunities I'll we the potential future Drake. deployment such, to have of capital shareholders. to drive As that, we
