Jerry, you, morning, everyone. good Thank and
As of today's our color share and position financial I more presentation, part on will performance.
Net points quarter metrics XX.X% Slide the to total as compared higher-yielding a fourth loan to to to to deposits compared Turning quarter, recovery. in in interest quarter X.XX% their included with discussing performance Noninterest XX margin in previous a connection I'll and our accounts. key to the quarter. in customer by bearing X.XX% basis interest first of which was the result decreased one-time X, in changes last compared XX.X% begin in deposits XQ
was the last efficiency ratio last given non-routine to quarter. XX.XX% compared items absence of Our we quarter, XXX.X% recorded material
to at improvement were sale capital Houston sheet income and XX.XX% CRE compared multifamily ratio the in respectively. loans the higher the Tier and XX.XX% increased the a result quarter ROE X.XX% period. for ROA due to of to this the X balance X.XX%, of as Our and
remained Slide credit investment previous compared Lastly, on portfolio. quarter. I'll X.XX% total Continuing in losses X, the allowance stable to the coverage of to loans the at to discuss X.XX% for our
our higher on has principal the a chart and lower balance interest-earning up months, was which next maturities quarter as slightly right compared billion, of the the $X.X higher the extended quarter, represents shows prepayments duration securities upper prior the XX the due first portfolio When to anticipates portfolio Our market years support for X.X source investment quarter. The the investment the to growth and available MBS previous liquidity rates. prepayments model expected to of to from investment assets.
decreased the to the portion XX.X% compared you on to our quarter. XX.X% to see the in Moving composition fourth that rate portfolio, of floating can
compared mostly are the As a available-for-sale rated quarter the rate rate decreasing XX% investment note for Jerry mentioned has to portfolio. disclosed. we grade. loan that credit balance million securities the gross end to was as let's high in down talk loans It the of our a Continuing maintaining government XQ. primarily $XXX quality billion the while of of yields guarantees Houston-based while billion, X.X% by At the the $X.XX on important and about X, multifamily total higher $X.XX to driven portfolio. decrease remainder purchased quarter, the environment, to position the is first loans The during previously at portfolio slightly fixed were of sheet end before, secure Slide sale of
was decrease X.XX% see in loan the the following portfolio direct quarter This single-family private recovery cover a banking of $XXX.X done of of of loan yielding portfolio increase includes portfolio sale the loans. X next yield purchased slide customers an includes this when CRE will XXXX. was by decrease XQ multifamily there million to during with million primarily recorded this prepayment of Houston-based reduction higher XXXX will XXXX. normalized portfolio in as quarter loans the indirect portfolio of an increase the originated of to estimate in the residential points the off billion the The first compared speed, $X.XX reduction million the notable basis actually in on properties While completion loans that slide. period yields. $XXX.X We million of or yielding the the billion, XX.X% loans consumer during XQ yield to million, in run in as of were a XQ, residential this quarter-over-quarter. the the $XXX.X XQ we X.XX% and move prior Consumer to in collateral. a tactical from This current is with at clients in portfolio. as high Most commercial amount 'XX in $XX.X and in I increase our $X.XX the income-producing excluding $XXX
manage from Houston As we the remaining that $XXX they our had reach million sale franchise, of regarding the loans we will until part maturity. of in said we announcement Florida their
the construction As is loans. which customers, and balance of primarily $XX which larger in million million, $XXX today, mature million includes $XX in of are XXXX commercial
we in here greater CRE XX, Slide detail. show to on portfolio Moving our
of based loan-to-value and average weighted sponsor. each AUM, conservative net as XX% for a and of years a have debt sponsorship on X.Xx profile We of experience worth, well as strong service tiered coverage
end portfolio the we As XX% had top-tier of 'XX, CRE of borrowers. of our in XQ
as significant in and no tenants grocery XX tenant pharmacy, stores, retailers, XX% retail our include CRE have regional clothing concentration the the represent We total. food recognized national of loan top tenants Major portfolio banks. and and
Our over tenant underwriting includes debt for vacancy, like CRE impact retention. interest risk sensitivity their methodology ratio, multiple and and rates for analysis service coverage factors
to $XX.X in a We quarter. $XX.X due related to to million increase of let's levels to was credit macroeconomic Turning first the look released previous provision at volume the continue quality an cover the the Slide allowance changes. focus coverage. factors, of charge-offs, $XX.X of for million loan sufficient and losses from are and comprised first provision closer XX, of offset The X.X% credit was provide a to Credit credit close credit These million requirements million, losses carefully take $X.X and by be were of end reserve to the composition monitored million quality. backdropping. events an million for $X.X area of which $XX.X at quarter, at quarter recorded quality,
in first which multifamily million $X.X purchased sales quarter of multiple to there XXXX, loans, to CRE charge-offs note of million loans. was $X.X retail to $X.X our related This of the were million, banking were business by net million During offset $XX.X and related and were consumer related recovery. million $X.X
up the due totaled to primarily compared basis million XX million quarter The total the points the the of last $X.X the reserves operation. to to decrease a of from of and In of $X paydowns, points Nonperforming basis to X.Xx, loans points XXXX, are at down to the last end ratio nonperforming due XX primarily million quarter, was $XX.X first ratio quarter was mentioned, from and the Our loan $X.X $X.X X.Xx million loss due sold, basis nonperforming to due loans X.Xx close the from XQ to This assets compared at of closed down of quarter of in quarter. first first decrease XX basis to charge-offs total to assets fourth end year. NPL. X of due down nonperforming loans to of assets million points, loans to coverage quarter at the last at XXXX. 'XX
expense quarter X.X% million Slide is to was drivers drivers allowance the new of Now the The we the million in offset million better of moving a losses, to for by $X.X $X.X on last the show million an fourth the allowance or to the in the at million quarter. close quarter compared were slide $XX.X first movement $XX.X XX, end increase added and credit which were of of allowance quarter, due million, at to $X.X $XX.X this provision and of charge-offs recovery. the
$XX.X regarding mention million incremental If Special by would We relationships of charges was portfolio, quarter $XX.X consist commercial As million. performance of commercial this to commercial introduced were mention due XX to this the driven consumer $X.X X payment XX% indirect in totaling downgraded primarily XXX.X%. primarily these are relationship in provide during color Slide exhibit portfolio. of These the increased secured The in estate. Florida the are materials industrial million, of or increase although primarily quarter $XX special These and that totaling is by to loans. provision due we of for incremental special the real the exclude loans not that the million loan special quarter manufacturing dealer loans totaling million offset with quarter one the X $XX.X to more These Approximately industry $X.X mention previously charge-offs car for healthcare the are in been million, the healthcare, million increases due to exposures $XX.X mentioned, covenant have Texas $XX.X part industries. by in loan and sales million were agreement. loans paydowns. failures.
as total following our we as quarter net million, interest quarter. by $XX for sale income X.X% deposits primarily continue income driven securities higher $X.X of recovery average Next, balances demand the for offset in deposits. effect the and Net after was adjusting and available income higher the rates the deposits, net higher by average rates loans accounts in rates loans and compared was interest-bearing to the was XQ, portfolio, million first The on The down total time interest market and and even efforts margin as partially well and lower lower loan loan interest in average of for temporarily decrease decrease higher Houston-based sale placements XX. DSMs. and lower as securities and I'll the sale of here balances were funds multifamily placed in money previous while a net discuss the accounts from on production, money average volumes official included our average to focus in rates portion average placements, relationship market Slide Houston loan are they in multifamily and interest or and
In in rate period. there there was considering Fed this beta funds no no terms calculation beta, deposit change of this for our is quarter,
of the a observed increases we XX of in interest repriced combined current via basis time rate market a deposits the rates. basis the transactional on approximately cumulative rate effect However, had of beginning not since cycle up of points deposits at and beta that repricing
the that of a is the nearing increase in which change or as saw of quarter-to-quarter of the We point from the inflection compressing, periods. magnitude is as also the cost beta indicative of future funds in well trend flattening
components. its net to the NIM we margin, XX of show each from on interest to Slide on Moving contribution
we by points in change, basis with NIM however, XX points connection recovery the X.XX%, first in basis XQ. XX quarter-over-quarter. down This the for loan includes recorded mentioned, As was quarter
extended in driven funds in income prior deposits the impact part loan offset reduced color sales and provide yielding the our for for rates. the the final term, my market of is the production, I'll for to by change interest the competition small of and still margin and from expense In due consumer reduction NIM X in the the only short deposit additional be to the the Excluding quarter. the indirect portfolio higher given of while some institutional loan resulting remarks. this the of loan interest net costs quarter, an demand NIM the primarily partially cost expect having positive in stable deposits points. quarter-over-quarter basis on NIM of by change domestic higher was we multifamily Houston This
floor Moving on sensitivity XX% on our within a of to of continue you position rate to our rate the Also, when sensitivity XX% loans rates. adjustable floating interest rate originating in Slide with our balance have change can for We of floors having by we portfolio cycle XX, a year. and sheet loans. with rate adjustable-rate loan structures see incorporating our repricing currently XX% asset portfolio
see you variable Additionally, can to loans, the XX% here SOFR. are rate that within indexed
to hedging the in including trend expect liability in management rates continue rate half starting asset as interest execute interest second strategies, risk we we downward a XXXX. Additionally, of
Our the NIM sensitivity to quarter. profile stable compared remained previous
start improvement in changes, start the here AOCI available for our of rates organic also to the monetary in negative additional should interest an seeing valuation to year. later to ability portfolio showcase and We although our decrease withstand changes as sensitivity policy we show sale
Slide in by our balance the income for the million, during was new of lower sheet or the our the the position by This totaled The income. period. as of XX.X% income. management and derivative income for quarter of million quarter banking the the level that BOLI on by noninterest of billion valuation was absence million the advances XXXX first in Continuing quarter, restructuring quarter net $X.XX to extinguishment fourth bank was XX, offset of This fourth $X.X continue driven fourth gain from market from and manage fourth upcoming of XXXX best decrease end quarter early additional the income policies first was primarily Amerant's driven in the and $XX.X from higher increase or higher actively to loan $XX.X noninterest primarily assets. of X% assets the will partially decrease mortgage of million XXXX. down up under stemming by to We the quarter. FSHB began $XX.X
XQ, professional from primarily Turning first million, Slide base $XX.X to that non-routine was first expenses and benefits, by partially to in XX, expense items fees in compared offset decrease well quarter. in equipment were occupancy were expenses down the was fourth decrease increase during the and The the employee software higher due the included XQ absence non-interest other lower of salaries primarily quarter. FDIC noninterest quarter, by and million quarter $XX.X quarter-over-quarter absence the to the services in lower driven as XX.X% of or assessment and as and
the In our with from we ended had slightly higher we terms of FTEs, XQ. XXX team, in quarter XXX
reported diluted income Moving on to quarter per we Slide million. net income first XX, on share $XX.X of $X.XX of
nonroutine earlier, expense XXXX a net items I'll XQ some outlook EPS. diluted our color for of on now decrease we in a 'XX had our give mentioned noninterest in and resulted items to overall. quarter, As impact this favorable which
million. strong. Regarding growth, between sheet balance $XXX foresee growth we million to $XXX to be We continue to and estimate deposit organic grow our
loan production. growth and liquidity fund our We to use current will deposit
results NIM and onboard production the XXX and with higher the XQ compared loan in partially expect stable to XXX of rates, indirect to deposit We range the expected at costs. reduction as offset be loan by of we portfolio the consumer
it of the expect to in be to Regarding we noninterest $XX.X million income, $XX.X million. range
we to team be as expect expenses new operating growth members We plan. closer our towards onboard to $XX million
as growth previously for credit or will the be losses expect reflect $X This in remarks. million now I next for sale. Jerry we around as to recently franchise announced Houston closing pass will portfolio amount the do transferred million expect back I of to as Finally, $XX Texas quarter impact it we we the mentioned. provision held to following for release the sale asset to
