items, provides And ROTCE, for good AOCI on Further ROTCE GAAP X and We Slide the for ROTCE for highlights or morning, reported Steve. EPS $X.XX notable our quarter. in XX% adjusting results. quarter was XX.X%. share came everyone. earnings of Return of tangible equity, Adjusted was was per fourth adjusted common XX.X%. common at $X.XX. Thanks,
continued increased $X.X a billion essentially to basis year Deposit of and average $X.X by end-of-period with to deposits $X.X strong compared expanded to Pre-provision increased X.X% flat Credit as last sequentially assets $XXX XX% the loans XX XX points. net an declining total remained from increased on balances nonperforming basis, by increased billion. million. quarter to and by on billion. balances quality to charge-offs by billion Loan basis by were full revenue points PPP, $X.X net And prior year-over-year expand while quarter. excluding basis,
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time, line increases substantial Additional utilization ongoing a opportunity. in represents over
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XXXX. has repurchase billion Our program through of Board a the $X authorized end share
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quality XX, well. to perform credit very On Slide continues
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XX. Slide to Turning
a note reserve strong will You position.
mentioned, our sheet. and We update were the the expectations well, As cycle these to the extraordinarily I our targets our continued in disciplined to financial of believe planning underpins and strategic pleased we through to the Day November, medium-term portfolio balance overall approach strength Investor our of has foundation at over credit form perform horizon. our
annual metrics operating return on the the and core of value leverage. creation. Profit We positive to growth, are commitment capital believe at drive these
Turning to Slide XX.
thoughts some XXXX on share me outlook. Let our
As we action scenarios we plans. Investor and financial multiple analyze management performance discussed develop project economic to potential at Day,
targets yield outlook forward the as anchored on economic a of curve scenario baseline that the Our by consensus informed XX. and are December is
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baseline with consumer. Our X% growth more average for commercial X%, in outlook for and led modest between by loans to grow XXXX is
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focus: strategic robust We management. and areas performance payments expect continued from wealth of our capital markets,
associated of During that revenue. our anticipated million revenue are longer-term XXXX, fee including to our XX operating production leases. Slide lease we growth Please several details. capital as spread sheet, high-return $XX majority thereby to transition in purchase income offsetting more accretion to Lower favor approximately with other of of SBA holding revenue more continue refer accounting in factors of reducing loan near-term Lower fees. on for the
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reducing In addition, NSF the quarter. we are to in fees X first
This quarter, be by more in which in will associated $X than reduction an fee lower approximate per result offset we to million expect charge-offs. income
income. for the seasonal know, a quarter you As overall fee low first is generally
level a year. we committed expenses, We sequentially as expect fee we Steve investments. the On environment, income low as critical even will to the to of to remainder the noted, funding remain intend long-term grow growth given hold throughout
manage the full discussed ongoing X% efficiency accelerate, X% This as of previously, plan Steve alignment from actions underlying the such growth growth We expense level optimization that benefits for highlighted. to and and organizational initiatives Operation year. expense core between the we've branch
associated Added of expenses and the surcharge. in expense run higher core million of increased $XX from the year million Capstone rate to expense Toronto, approximately $XX FDIC we expect the growth, full insurance with
In to actions associated restructuring with of year first expect include amount addition, of management the some expense charges we the the taking. are we half
more the about later We quarter. details actions will provide these in
expense year operating revenues, expanded our low to support growth positive Overall, with is another expected of leverage. coupled
long-term of range to our XX on the end points. expect of net low be basis XX through-the-cycle will charge-offs We
XXXX current reflects macroeconomic the Our outlook. guidance
in strength a and react as the in analyzing as We macro good will diligent to needed plays position out. have to and the be ended continue environment will manage momentum. year XXXX of We
every have of We outperform this expectation continuing to year.
Tim, conclude will answers. prepared move we over our questions and to remarks you. and that, With to
