today about continued to And quarter year, Call. pleased for in results report Amerant's joining company occurred now in periods. here the Laura. to that to to quarter Fourth-Quarter and on Thank and fourth everyone. the good talk I'm position progress you, XXXX best Earnings be success our Thank morning, future the the for the you for and
priorities our earlier year, this focus gaps year, on fruition. -- this We earlier reflect things coming the And excuse the key have that we to earlier set maintained for the good are results me.
While the do in a our is have XXXX, this remain work we year. throughout to time, course, dividend. on $X.XX to and of execute of strategy subject of also basis that voted to We're intention more to continue per At to to Directors committed our yesterday we payment approve report dividends pleased much the to next a it's results. share consider declaration on company and Board quarterly
to demonstrates our take my here a our value this of again dedication provide of commitment quarter. colleagues effort, do do for part I so. greater our minute we Amerant and their all and to this believe quest to As shareholders, want to thank
They will and family strong quarter. and role in XXXX an happened excited play to additions team the great the a this growth Amerant have We essential that our we're in past about beyond.
now then will and over Carlos performance year will I quarter fourth So and details. the a of in brief overview the provide go our
to core quarter. quarter-over-quarter. and Higher contributed a to average loans, gain to million. XXX% yields up $XX.X income This time the balances our you average fourth X, was customer pleased So turning results attributable on on We're also and summary of primarily headquarters record results. driven brokered highlights. by balances net and building. lower to improved one-time the report on Of CDs sale deposits Slide can was note, company a of this our quarter see for That's
received $X.X and in billion loans million as Our $X.X the gross sale. of from for $XXX New sale up from classified City million loan York available were quarter. loans prepayments with billion total last $XX.X Even
last deposit $X.X core regulatory The flat well of to to be excess deposits were December to Company's billion total compared capitalized requirements to third increased capital quarter, strong considered million by Our continued the and quarter. though well at this the XX, in XXXX. a quarter minimum be $XXX.X
previously As our common the announced, completed the clean-up and merger, class eliminated which of stock, simplified structure. we via shares capital
our XXXX. was also share, in paid paid of declared and cash per of which the first out dividend We here $X.XX first quarter
there value As the XX% was actions, of tangible in a same over an increase result of book period. these
buyback December that XXX,XXX Additionally, XX, XXXX. the shares shares, and repurchased $XX course, pricing. we're the to class of XXXX. were program to common we as availability in and third approved of pleased to quarter A intend announce opportunistic repurchased We be repurchase of $XX.X was continue million of total, on of dependent million that share stock In
year-end X. to just would you thought shares of share So to Slide We it the with after merger and the now, completed repurchases of having we'll move clean-up as be a reconciliation I mentioned. helpful provide
you impact common December which had of of in XX, Class stock. see these each Here, of as reducing shares totaled number XXXX, the can issued outstanding, A of the shares in XX,XXX,XXX
Slide the compared now to or PPNR million our X, quarter. increased reported Turning X.X% to previous the $XX.X million in $XX.X core we to
items number losses the the is now. - taken excluding or actions X revenue one-time gains over show As on Company, earnings key a fourth core order non show we it net key previously or stated, quarter. essential power. of growth There's recurring the Amerant's in go other actions We'll during of to Slide we to believe any
stage well We as the continue future for growth. to driving focus on as efficiency set
loans substantial to compared total non-performing decline a decreased 'XX. XQ So loans, X.XX% of to
stated the our on to sheet. our reduce non-earning part balance assets level commitment of of As
this and Miami of the We in are closed of Miami, The to level further It's new will downtown location and expect centers. fourth The of within urban which deliver of first in to reduce services. this branch quarter net here banking our in new working a one diligently quarter quarter We banking new 'XX non-performers announced open Wellington we full fastest-growing branch square. the of XXXX. the nation's of year. the the fourth of -- center will in heart next be year in
business banking, and Mortgage have on added consumer, private to as wholesale focused Amerant continues quarter management So XX commercial expand FTEs, business. wealth a we the will here. presence this all banking,
also practitioners, a terrific domestic We among team banking to others. focus hired South medical Florida including private base law large officers, private on professionals, banking relationships, and
look to serve, manage agreement of effectively in of large executed to the JAM JAM We I'm investor chain in cost -- to as sure business a eventually hired new of FINTOP of adopter a additional true onboard here to technology. loans excited our believe dominant chain well-known potentially efforts with enable the funds. for also early the an will to a We We as Head at ongoing strategic committed We're lot to this well banks us savings, an come to across as We about opportunities risks. become head the block become at of block also like a invest. Procurement and to transformational is their new syndication and infrastructure FINTOP system. markets operating country we of part folks potential the that financial this become
and leader our full we announced, Xst, technology Effective full-time previously FIS reducing staff, As of inclusive certain over assume Mortgage. multi-year transferred, $XXX a financial to January responsibility agreement to equivalents operations. of entered including into outsourcing XX with support were number Amerant the we significant back-office a full-time total functions banks equivalents
of an have approximately this We from annual savings million partnership. estimated $XX
to customers. While operational and achieving solutions services greater advanced our efficiencies and delivering
on the are during impressions area, the delivering was launched new are including a in high-impact than expansion Imagine XXX X, two billboards the January significant South downtown now a and fourth XX more went campaign live Bank that it over boards Our throughout market. of There South 'XX, Florida Miami million in XXXX. quarter Florida, to
drive We are Florida turn also now Atlantic is our we of branding cover awareness. a note now the leverage to leading great front that Slide to using. the to these the with Imagine earnings brand Please Division We'll a Bank X. example partnership continue Panthers
decrease exception on include of gain and sale which the the non-interest total the ROE building. headquarters slight of note improvement deposits we've one-time bearing key and Here to ratio, show continue charts deposits. metrics, improvements outlined large the of with performance ROA our in that the efficiency the the Please over
ease X excluding reference, same footnotes metrics, in one-timers other this this -- showed one-time and we core For the slide. the gain one-time of game to --
can the you Here relatively investment quarter-to-quarter, revenue in given the see efficiency flat making ratio we was producers. are
cost of I If XXXX the will X, closed as our quarter, ratio, we focus $XX.XX loans comment as will has the million. in those the rationalizing improve focuses Since offset profitability, applications in this turn we XX later our we business. more well taking Mortgage. XXX note started continue structure were applications reinvesting $XX.X fourth May on on on efficiency the solely this to on call. Slide Regarding please did we Amerant in to our in million. funded quarter, loans and received XXX totaling of totaling last AMTM as
to AMTM quarter As on business. we this its mentioned experienced focus solely additional personnel wholesale earlier, added
turn over more Carlos, quarter our detail. in and to walk So with year things that said, I'll will through results now the who for
