share diluted income compared XX.XX%. or of $X.XX $X.XX million Net Net XXXX or The last income XXXX diluted return per XXXX compared Catherine. the assets $XX.X net per $X.XX quarter you, reported Return $XX.X per by income was impacted XXXX. for was share diluted Thank fourth quarter diluted share on $XX.X of net results in was million was to average or share $X.XX in and quarter. reform. per for equity of million on negatively the to million fourth tax X.XX% income average were or $XX.X
interest on average was and increases on income average strong Net higher The X.XX% was million net return loan $X.X year, XXXX assets to expanded and were due to a the on For and basis. X.XX%, margin quarter by the equity interest XX.XX%. return yields. loan increased growth sequential
loans quarter. net the We in reflected had $X.X in fourth recoveries also interest million in interest non-accrual on income
an the trust XXXX. XXXX These January and early completed we additional margin. net preferred will million announced, to $XX and redemption in income in of securities interest interest million improve further net in $XX redemptions December previously As help
BOLI prior recorded a single primarily loan quarter, loan. million leases. million, our we $XX.X losses million loans on recoveries provision for in Net land $X.X for the life of securities. of losses lower income sequential a operating the December current of recorded equity million quarter XX, X.XX% impacted loss sale allowance a to to During $X.X million quarter was was quarter sequential compared million $X.X values other $X.X and Fourth recorded the volatility to decline of and in in bank-owned a $X.X fourth one the a XXXX outstanding insurance the due totaled policies. the that and loan recovery lease due quarter death $X.X The credit provision lease primarily to investment due to At benefit or million quarter $X.X fourth a prior was quarter. in and credit $X.X our in income in insurance equity of million, million market income decrease totaled the and on quarter
changed proportional the quarter, our the method tax housing credit to we During method. fourth for low-income accounting amortization investments
the the As expense expense quarter for in fully amortized a at operating on premium Other was reclassified quarter, prior of amortization million. being investment the by the prior income the core deposit and fourth operating from change, expense tax this primarily $XX.X end which to to of periods. eliminated decreased result The expense other million quarter of sequential expense. we decrease quarterly driven the $X.X current
ratio the repurchase there commitments quarter, effective efficiency XX.X% losses. income, adjustments. increased last true-up unfunded the expense in in the to The quarter. exempt quarter for which and reported total XX.X% the credit provision Additionally, due from was housing less return a fourth rate to tax a to of was The $X.X current reserves improvement investments, XX.X%, was mortgage tax the and fourth in million to quarter tax to for amortization credits an on low-income the
be rate XX% the expect to effective XX%. approximately to tax Going we forward,
shares stock We've stock the an at in $XX.XX. of common also share average During we repurchased additional an $XX.XX. January XX,XXX an XXXX, average quarter roughly of cost repurchased of at fourth cost of XXX,XXX common of month-to-date per shares
an income to the net financial Finally, Strong interest in solid to like increase summary return Paul. of quarter-over-quarter I'd some strong call close in efficiency and results. improve, the fourth quarter now, highlights yields, and increase margin capital And summarizing by interest ratio asset the and quality to by driven of ratios. growth loan our loan we’ll continues net
