of Thank start We million and $X.XX income $X.XX of last compared million of I'll the results $XX.X Scott. consolidated and with you, quarter. our EPS to generated for net year. EPS $XX.X
per a Pacific the our the the of elevated reserves. reminder, release sale by net a included prior from also investment of that on were equity and quarter earnings Current bank $X.XX EverCharge gain reflected the recorded in results benefit share As year's a at
due bank Pacific annualized ROE Utility at Our ROE to portfolio impacts healthy last the in equity. was gain the last and lower basis down consolidated increased mentioned the is bank on previously investment and in prior months to of XXX points basis the improve And losses quarter shareholders' X.X%. which points securities to ROE an unrealized XX same compared year. year given Current on up basis XX the last at continues remains earnings year XX% XX.X% from to
year a of bank recorded net the last Lower These sale a were quarter On higher provision to to first benefits show non-interest income slide and income real recorded X variances income quarter year. net due compared primarily of the by first dividend year. of gain which to was offset of estate higher interest last was expense higher primarily compensation and major due offset fourth higher negative non-interest in the provision higher costs, by on due across quarter we the partially in items the income to lower last expense. to interest higher by and enterprise driven interest partially compared
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quarter in twice Utility $XXX CapEx X. million, CapEx nearly the Slide to the quarter XXXX. of first for the was Turning
$XXX continue million For million in forecast $XXX to the year, CapEx we to range. full the
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Performance no the incentive PIMs will cost significant also from impact from the mechanisms moderated fuel full risk-sharing of have Fuel mechanism. with be a our earnings. key prices of year year beginning the or driver
benchmark prices trended each field reminder, a are As on below those full set quarter prices January's in benchmarks. and the prices type fossil for first
in to have track $X customer were prices Russia's the of In We guidance bills approximately and we we And are expect Scott renewable started XXXX. total on the we million connecting $X $X of RPS-A PIMs islands for net million to invasion we've on Lower mentioned, rates February of summary fuel feeling good million remain all now impacts progress to for they still projects than grid. be issued the our been lower within making contributed when as spring Ukraine. PIM. lower last to also
through Slide This shows model many that flow many on XX. cash that solid key low-risk to slide for bank and the the community decades to predictable cycles. different differentiators HEI's contributed earnings underpin has Turning banking and consistently
customers bank community vast the of majority a focus retail our are XX% banking, the with As relationship segment. on comprise a
for years. retail having long XX% more nearly been XX base of us than and is with Our loyal tenured our customers retail customer with
our of XX% than also strong a have with of years. having nearly commercial tenure XX more relationships customer accounts We commercial
insured key which of a tenure the to a differentiator mainland collateralized. essentially XXXX. XX% ASB's deposits of down flat contributes funding are of a deposits to stability, addition FDIC level This Despite of the quarter, very deposit during first or and turmoil high insured deposits bank X.X% In is contributes stability. modest customer were that our is quarter the to total average the in deposits
low-cost total failures. of us unusual deposit reliable see a sticky up result provide continues retail behavior source the funding. And since In customer the consistent to mainland last X.X% short, basis a our end of deposits were and predictable bank not On we of an did end-of-period with as and year. base
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at commercial real residential which months. done or average regional of lot recent and focus on for basis. ratios has banks been in than a at estate stand CRE less XX% loan the XX% on commercial quality estate of There less portfolios is lending for Our loan-to-value of weighted than real a conservative
property Our portfolio. value and is diversified portfolio CRE declines CRE well against our within historically we minimal margined had have experience and loss loan
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Our X% strong loans our total office of CRE only and metrics portfolio. comprise have credit loan
were Last in XX. on pressure to need funding was XX pay we up in basis to benefit higher which to higher seeing interest X.XX%. costs we from borrowings have earning net order quarter said to yield Slide expand down our interest that points assets, first the to margin. that would we cost Turning Higher rates quarter, continued
the to which was that Cost in points, to basis up trends our peers. deposit sized net Due see interest although, we low relatively primarily was pressure of margin. quarter to costs, continue funding to funding the compared our for remains due in XX our shift higher banks similarly funds funds from points to cost basis XX a many pressured of interest margin net sector like
You the at at funding quarter bottom the borrowings quarter can to funding slide, higher in left the end X% wholesale sources proportion mix of from outstanding amount first our versus see the the first a at XXXX in of X% total year-end. of of average of declined although borrowings wholesale had we've
During the six points X.XX%. quarter, was to basis down margin interest our net
We expect year. similar of dynamics to for the remainder the persist
drivers the for mix to Due the rest for the net be to to the Turning of year are funding shift than year XX. Slide full mentioned, previously interest expecting anticipated. margin we in lower on
focus and funding to cost sources efficiently. opportunities down to We on higher pay continue operate
driver predict the is the year. for credit remain pause on our also the for remainder of crucial to although We losses to Provision operation. a expect hard for Fed
We trends X and year. range provision with we for quality to continue the still charge-offs be credit levels compared $XX to historical see expect the net to strong million in low to in
year. expectations the Slide for the guidance remainder we On of XX our show updated
We our $X.XX are per guidance to reiterating $X.XX share. utility of
penalties O&M achieving focus mentioned, As while key avoiding mechanism performance areas for and management. rewards expenses remain incentive of managing
short-term remainder Turning year. Higher of have rates deposit challenging a environment and interest bank's the sector created the margin for banking to the outlook across year. this pressures the
the X.X% in still we X% we we've margin. to year X.XX%. net previous been for to some able our interest expect versus net compression And of Although, are to expectation to peers, compared costs be seeing keep now interest low funding to our X.X% margin
to of funding to EPS we Due the higher to low be range at $X.XX. end costs of EPS guidance bank $X.XX expect our
rates to will However still costs is regarding also in more be will of Provision how the Fed and remains impacted. and and on year the early funding it our interest items uncertainty the difficult one mix how proceed is predict.
we as revisiting the year be bank the So progresses. will guidance range
to We still company other segment holding of expect share. and losses $X.XX $X.XX per
expenses. have higher We and seen company other slightly holding segment
expected not do the the the are the consolidated at to the segments range. As half be to be of XXXX. end We in a result, of range. lower on forecast that any equity guidance earnings expecting Based $X.XX anticipate we for high to are combined $X.XX for issuances
who remarks. I'll now Scott, it to turn closing provide back will over
