for us. joining Good thank Thanks, morning you Greg. and
slide move the on presentation. highlights financial four of Let's to the
well fourth strong. help results yearend very This for achieve our performance Our were momentum goal. our should quarter and us bodes XXXX
both ends. the pre-closing progressing integration very is work mentioned, related Greg to on As MB well
see efficiency hopefully approximately guidance ratio the performance by the Fifth year part transaction on our Third can the transaction We will started our the by will are the combined not quarter. outlook disclosures, to related expenses this expectations. on will from that the of earnings that the guidance when merger-related gives the At X% have have our And of you reflect current the Once the a points, the two. some that to These performance financials. we combined XX Since X%, but close acquisition expenses the only discussed financial outlook we very close expenses in for We we are you integration impact we perspective with ROTCE XXXX and as total we by the improve there shared this very the will detail, you to no is yet, respect the company. about metrics more basis with ROA disclosed announced to very standalone we change previously time, combined the company. on the transaction, outlook good you with you remain transaction. update confident optimistic in
presented to the policy Before in in as that noted the historical be and affordable we this accounting Adopting related policy to reflect housing. investments more results earnings have accounting to allows like comparable our for discussing financial our I highlight today throughout to our results new peers. materials would financials current quarter, change
summary partially offset our no the Financial a This quarter and GreenSky reflecting results equity return total were $XX expenses after-tax on a EPS. impacted of of the two by the Visa million a page page swap. of fourth provided our release. Reported meaningful in the on impact MB including after-tax on stake, by acquisition of notable market million had change after-tax of million our on reconciliation negatively benefit advance to the our XX items $XX $X mark in from also pending have incurred release, charge, We change merger-related
items, Excluding these sequentially pre-provision increased X% and XX% year-over-year. net revenue
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provision for exceeded reiterated Our loan comments, a strong as loan our his for losses success. long-term charge-offs Greg priorities of growth. In opening the result
momentum Our forward control. goal the maintaining to while tight is carry revenue expense
We with to capital impacting approach cognizant and of will continue risk of our the by balance remaining manage to ultimate today maintain our and the business shareholders future. environmental prudent factors a rewarding sheet management the goal in
to slide six. Moving
strength growth couple beginning loan the term of our going growth to We higher longer past our overall recent confident Our to ability in very compared provide growth loan of achieve to remain picture is potential. years. a forward clear
year-over-year up significantly total a in basis, guidance growth. exceeded loans. C&I X% in quarter, reflecting commercial. loans We which modest reflecting were commercial previous growth X% grew strength quarter, growth the average loan mostly portfolio of compared again total X% sequentially, was loans to prior on End-of-period This
fourth peer Despite for functions. the higher to continue to XX% X%. regional up were to last was in very both, as as loans commercial success both loan in as End-of-period and reflects as Our the quarters. a last in relative loan our lending Total year's production peer. construction investment capital market levels efficiency the leverage up middle in profitable force, balances exposure fourth quarter. in and low Production well XX% up line at little decline corporate mid relative CRE national office middle approximately quarter. a risk-based national, percentage group both total were X% loan was utilization growth, declined generating office compared to impact businesses loan leverage as back below and previous of balances growth strong significantly increased market, corporate a than lowest XX%, in Total quarter. our Total commercial the commercial sequentially. commercial quarter of of relative last quarter sales were our well regional our balances to real next estate including a flat less both
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in rates, Fed basis additional to XXXX If hike. of X our expect the NIM on we points expand would basis no position, sheet XXXX to increases. X raise We rate basis to to NIIM points in full-year a the assumption were despite the per X benefit X expect to balance the given rate
on Moving eight. to slide
to income M&A syndication Record driven Excluding prior by highest both banking advisory well X% was the increased items, of non-interest revenue listed increased compared and the as the fees year-ago revenues. corporate as impact ever quarter.
year-ago XX% XX% compared banking to up last to banking our the Our were compared to year’s first quarter. expect and up quarter We revenue to corporate prior XX% about were compared corporate currently quarter. the fees grow
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for XX.X%. ratio fourth adjusted was quarter Our efficiency the
to basis, on and positive achieved future. in the leverage foreseeable both year-over-year expect to quarter, a quarter-over-quarter and have continue operating improve We this
year-over-year reflects related wealth in which a total be expense, is MB the growth guidance in which X.X% X% XXXX. provision our in and to management also change our Included million acquisitions any acquisition capital XXXX in of item of the excluding growth. about base. first expense The from in of expenses, associated $XX impact are with this is commitments quarter expected expenses is the up First X.X% largest quarter to and market, driving loan strong about our commitment asset unfunded growth
impact year's It than the with first year-over-year to expenses our are FDIC these items, first that are deposit and payroll be expenses. Excluding in the quarter warrants insurance quarter expected by first noting compositional associated including of the is also worth actually seasonality last impacted quarter change in lower expenses the timing taxes. of
We continue to materials to in notable the expect year-over-year in X% standalone our be disclosed earnings items up excluding our XXXX. approximately expenses,
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quarter in crisis. resulting the nearly $XX was As provision before to ratio The million The in in decline the losses of levels lease and and quarter $XX year-ago allowance coverage totaled ratios of X.XX% a current to not loan and to million in quarter. excess with result, the seen for prior compared $XX the million XXX%. our continue NPA NPLs NPLs
current we absolute support fluctuations, with remind continues quarter, credit charge-offs. low the you outlook of quarterly to As stable economic levels every potential current relatively given backdrop a
Capital slide XX. during to strong fourth Turning remained quarter. levels very the
an cumulative XX.X% losses. difference was of and change excluding current CETX recognition impact ratio merely ratio our basis-point X reduction and accounting X.XX%. of The accounting equity our tangible XX unrealized was Tier which to equity our to common ratio, losses related common reflects Our in resulted timing the gains from
outstanding we the million completed shares down the the share quarter, last fourth of the shares shares to quarter third quarter. common in year's XX million $XXX million end or During of compared fourth were and down quarter, to XX or XXXX At X% almost repurchases. X% compared
able Following we $XXX to in is through another quarter the our CCAR an $X.XX the non-objection our fourth quarter. of dividend Fed’s just in in increase million the second This buybacks to June resubmission, -- another XXXX. will XXXX the be increase we declared repurchase and share in addition to $X.XX additional
long-term Slide and ratio Our X% as a of financial near-term of same the MB between summary we capital CETX targets the expectations well a as our outlook Financial XX current remain standalone to before acquisition. and our provides as basis, continue target on as X.X%. from
reiterate cycles. tax simply forward our disclosed on to summary, very range. points. in quarter We the financial be like through I strong drive our outperform guidance earlier. remain standalone would policy rate XXXX In XX% accounting tax a to the expect in for to priorities the and change business various rate to few to than strategic The the results Company higher We reflects full-year focused fourth key and mentioned reported I XX% previously
acquisition successfully strategic priorities the successfully executing MB targets. We’re our on focused ability as seamlessly enhanced our generating focused and to and our confident financial financial previously. integrating the remain achieve benefits, on in discussed remain against We
With or position let We organic up Chris it to continue to transformation Q&A. positive returns are open through within digital the that, outperformance goal all Company lastly, accelerating our profit call operating financial the we turn And of leverage. stated to our over opportunities. future me the generating for to enhance
