everyone. I of rest the second Today, our quarter, will on some for results financial outlook the the morning, discuss Good the color Gary. year. for Thanks, provide
of second increase the operating you presentation, X quarter a in were share, quarter XX% As of year. the $X.XX $X.XX for on the can last earnings per see Slide from
for the Slide quarter, Let's start on with the starting balance X. sheet
million linked-quarter Including average mentioned, X% of $XXX loans annualized. loans Vince was growth C&I with underlying growth consumer annualized As XX% or for loan for commercial and X% X%. growth of
equity home consumer at indirect similar strong mortgage $XXX of partially in million see to offset continued auto And which declines the $XX last million and side, residential of a and a of the we million, $XXX at the growth originations level across had lending. by strong runoff looking footprint. acquired quarter we continue portfolio, at level On in was to
third X% annualized or and gives good transaction the level, have and growth in in deposits during the increased growth quarter bearing partially million offset annualized time Vince pipelines included deposits confidence very a in solid mentioned, Average XX% us balances. continued by our which deposits, encouraging very to interest non-interest declines bearing commercial As short-term grown for on side. which quarter Gary $XXX
deposits than growing on focus across were to all able continue categories, grow loans. second faster We the we and to quarter, deposits during
initiatives the of second deposits cycle. deposits the focused strategies over on variety way XXXX in benefit through that a rate attract growing are a us and half of should We in to
interest solid higher to due and levels loan income million growth quarter excess and additional Turning and and X.X% to the income statement. $XX.X of the recoveries. deposit Net accretion day scheduled increased or in
As where accounting and off we from they recoveries. the taking in this loans million the increase than books table. excess $XX.X increased noted, better benefited Total while moving of in in increase an risk values Gary quarter million accretion purchase were marked with $XXX,XXX scheduled a $X.X off
second X points terms in of points In purchase the accounting impact, quarter, up the added margin XX quarter. first basis basis from
June short-term and the accounting, funding linked-quarter borrowings being then Fed isolated being next a see of interest our mortgage decreased and you excluding excluding with we response accounting, margin, can short-term driver. the points margin, funds basis, purchase of reversal points the quarter. said, the an expect of the cost of loans. repricing key on That basis that the impact it moves to on would a three increase to purchase on increased a basis March at in repricing borrowings through Looking purchased side, XX And combination
loans On XX% upward loan cost side, of demand increased prime with interest repricing offset to costs points. total XX deposit in month both of the on by is adjustable or basis and as about deposits of LIBOR. or time tied the bearing deposits portfolio Change portfolio loan is one funding the XX% mostly variable the
basis purchase six accounting, during the points Excluding yields increased quarter. about loan
assets. onto Going with in the affects in portfolio, on more yield securities quarter book consumer combined books see repricing to increases came the average I'll loans, was forward, the mix we although this will overall weighted continue the earning which loan the loans towards note of the that
at Slides Let's and and expense income noninterest look X. on now X
million Excluding consolidation, benefited due category, management of from income. or income every with Carolinas. noninterest branch contributions charges contributions swap SBA from XX.X%, $X.X $XXX,XXX contingent increased incurred slight $X.X increase quarter linked-quarter prior seasonally the linked-quarter. was Volumes lower, income seasonal offsetting related markets received sale increased that to to in set than Mortgage $X.X the first increasing million, revenue Wealth record quarter. were revenue which insurance, X.X% representing on in fixed year's more growth was increased assets Insurance in pressures the space on performance. Capital increased the a competitive primarily million, X.X% primarily banking except the first from revenue lower. of margins levels. strong on revenue in highs reflecting our a first Total gain for we came from in quarter when new bulk
rate payroll a rate remainder to increase initiatives million tax included branch million items Expenses $XX.X $X.X merit Slide compensation these ratio personnel includes increased X. awards. non-run items, of employee million largely and costs, is to non-run in response in of million to $X.X rate The insurance The claim million consolidation restricted improved million provided to The of normal and personnel linked-quarter. rate Even adjustment. annual expense and $X.X Turning by stock increase related reform. large the related expense benefits non-run $X previously $X.X tax the announced of personnel medical a to XX.X%. expense from with XX.X% increases efficiency the charge
We has sale balance chose As become over know, portion as you Regency F.N.B. in Finance to had grown. the we business of a the time sheet it Company of announced the that as smaller June. divest
third the near close to of transaction the the quarter. end expect We
to and completed. the locations, already in also of to have XXXX. announced We essentially expected branch actions Together, capital be these XX earnings are neutral most consolidation been of which
costs accretive actions to the implementation performance the these returns combination of be and CECL, historical funding of impact will forward, as Going in rising would F.N.B. and beginning XXXX diminishing provide
our the impact of elements the quarter elements to obviously $XXX our the and a Finally, expense the $X our loan of noninterest given starting pro loan ranges point, XXXX we branches the excluding be of sale I'll the net I pretax that, and be first million risk closes, basis the first benefit of quarter income, provision reaffirm over losses guidance would $X million, noninterest income. Using nature of With close XX would the track of earnings. discussed Through and fully by approximately call by sale higher for higher or in expectations, a interest are reduction Regency the of XXXX within as quarter, fourth segment income Vince. reporting million should neutral $X that loop all million, guidance, sale earlier an million, forma Regency. of the all of pro the on year. guidance back forma second to on to on offset income, we Regency have would and our have effect remainder pretax This the for respectively, Vincent coupon like quarter and $X.X for in that data on turn a will it Once particularly $X reduce million consolidating portfolio. on XXXX
