good morning everyone. Thanks Chris and
results to highlighted want operating our for that’s core I Slide the First on quarter X. strong recap
of XX% return on average term XX.X diluted earnings outstanding quarter XX%. X.XX% last $X.XX share and an delivering of and Our core a up assets net tangible were of common equity per from core our million, income
-- X on the our Slide key merger product and recaps and the assumptions. targets Next,
book previous at accretive X% earnings ultimately per our This quarter, versus merger share that tangible of was the ended value to core and accretive $XX.XX expectation to dilution. our
the growth. strong future was equity a Additionally, additional raise fuel tangible ratio common capital X.X% to
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to well benefit as be rising from to continue well. rates We positioned
Moving and slide the mentioned onto Chris previously, as we next quarter. this great had growth loan
been the acquired loan XX.X% year-over-year or has growth loans. XX.X% excluding Our
term. the within XXX% concentration our we committed few cross the right long at construction to and a development be slightly or some XXX% bit of and short-term levels quarter. a We Moving will point top at regulatory our may inched but remain believe staying quarters, occurrence concentration over to next guidance to above that around corner, this closer the
slide third of X, XX% on since quarter year. were last billion, the our Next X.X customer up deposits
and primarily on down cash seller merger portion merger. a will paid purposes. of time forward, First be will from appropriately for the coming the managed liquidity which A the the funding positive that we transaction in the excludes quarters likely focus customer brokered to the deposits, to Bank, Going growing move large deposits, which was and will Internet in
upward, This well quarter, near forces and our from saw but the legacy roughly reserve. to First will the Bank point below data, in expected term federal X a likely rates be continue by to basis deposit cost movement increasing pressured a X the competitive
the X, as Next from slide. mortgage opening his on in excellent and as slide we here an had highlighted comments, operations, noted our banking Chris quarter on
in Our year-over-year of income third quarter XX.X X.X% on basis basis. mortgage quarter rose banking on and million XX.X% down was up a to a which was linked XXXX, the
during expect of on XXXX, to before quarters to we XXXX into first reminder, seasonality and based and a the historical quarter build As fourth third revenues and second quarter volumes of of into would the decline heading the beginning XXXX.
this prior hedged quarter. the the total quarter, fully million by the hedge disclosed MSR to quarter, assets to asset this XX or of at previously end the began we As
we exclude the volatility not rates expect in of change less changes from forward, the and core value Going interest MSR earnings from fair releases. fair value future in
our Next efficiency is operating on slide XX and leverage.
reported than objective we quarter and much segment. closer slightly to As on efficiency levels on comment, other for On forward. operating approximately income rate, and our was Also, merger the results slightly to move we’ve leverage the was XX.X% by was tax and and a acquired. drive process third the been in contribution was the XX% stated, term of than effective we of as our long driven The on team. XX.X% earnings core exempt the accelerated both less lower will seek which and lower expectation, goal driving the efficiency previously of banking it segment core XX% and merger this our short the mortgage has improving tax municipal based higher the
XX% tax outlook be Our in before range cuts going any tax would to potential rate the forward. the for XX%
the increased to serves the attributed the obligation, increase growth million approximately core be operations. previously new of merger, assets the quarter year. XX.X Next though the our have X.X quarter. loans Ginnie was of the upon million, even X.X excess are over repurchase contributed due the increase a quality Based to recorded guidance, sold for assets assets on intent for of loans delinquent which and the no XX, asset remains this facilities currently of our has Mae and to bank sale for Ginnie to slide with million, the and did strength by loans, channel in Non-performing Mae required last these majority held foreclosed no which which totaling corresponding be bank, to land can the accounting
future XX, Next both acquisitions. on enabling growth and capital our strategic remain through organically strong, slide levels
going additional capital flexibility structure simple, giving Our remains forward. as needed us
we the our a a We shelf-registration shares and statement coming universal S-X year the one in and eligible and primary are to anniversary of the shelf-registration file now shares IPO the statement secondary in Clayton also following covering acquisition. days, the intend issued
call and that any we whether be With Chris over future efficiently the capital we’ll quickly markets, open While accept for this the nor future good enable to we the and acquisitions assess us call intention markets the with capital has comments that then current in questions. consider closing the in keeping turn otherwise. [indiscernible] neither to overview, or let’s your back to to corporate health will connection to
