Thank you, Thomas.
Turning to Slide XX.
to averages QX. interest net the quarter FTE of This pulled of investment foreseeable Which, for improvement up in through the a is the of margin, loan more purchases securities expect quarter the favorable X.XX%. the we led expected, points of the trend no in expansion another combination future. QX As continue modest and asset benefits earning margin X to of growth consecutive sequential a fourth to basis and late with mix
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for noninterest income, was income see XX, the in quarter can Slide on front, fee you the the company it As good the million delivering on for $XX.X another quarter. range guidance above
New and business were business momentum activity increase. the our in treasury our of mortgage management strong primary linked in the drivers quarter unit
pleased investments income continue QX, in private declines relative we And businesses. businesses in fee-generating to we'll all, in in our we to management, momentum positive Though mortgage see fee we wealth a ahead treasury reduction to to may modest and in Looking our seasonal mortgage products. make the into to these are seeing All heading strategic with in results. continue progress XXXX. QX are lead
was We the reported a Slide to results impacted run we on anticipate QX our to company's are in be prior a were also as XX, expenses XXXX. do in expense few are on expected but items base, The expenses The Moving our long-term not objectives. guidance few by part achieving for to our to QX quarterly expectations. by a quarter impacted Slide represent that strategic expect items above not rate of the results be suggested XX. to select but critical
focused leadership operating on positive team the remains As leverage. critically generating
Turning XX. to capital on Slide
investment actions tempered further the As loan ratios nice ratios we in and expected heels continued and similar in noted improved we improvement announced capital of growth consideration company's coming have the quarter, the the in improvement of organic some profitability on quarters. saw over securities. we In QX the trends is runoff period-end last capital company's
on $XXX to securities, can it the this has and on see tax business slide. fourth busy you These of about sell quarter, planning. the side pleased include see intent you are been warehouse start mortgage we our XX, strategic left the and of ongoing a announce Slide in strategic million the As sale to actions the to
on leverage and In additional Under we conservative value X will model, the business with set and sold for EPS well generate after-tax loss than weighted accretion. will earn annual assumptions, of the incremental years, the the an less which inside of securities of total, is improved average in generate sheet back long-term actions balance our simplify shareholders. creating all aim of structural a will these our profitability will less sustainable net life $X.XX
right-hand yield As you the an these lift tangible page, tangible common book to immediate per our ratio our can see all actions on margin, will of side and equity profitability share metrics. value interest the net
from investment held the discussed. is which proceeds should add sales case Fed. in NIM the Currently, are previously to base the basis the QX, at in being NIM points addition to the expansion Which X in to XX cash
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Finally, turning on to XX. the Slide outlook
positive the intent providing QX year. while the of earlier, are we sum, results be look the as company we to some as noisy, view items the some is noted you for encouraged key outlook the will and financial coming best line by quarter our clarity give for ahead. around In While momentum
of to the Core be Specifically, largely likely loan but the growth as the be balance auto by continue relatively be excluding total portfolio. warehouse from are to indirect relates will balances continued commercial XX, balances. positive offset unchanged sheet, it end-of-period runoff to September
Assuming balances loan total expected are balances to end-of-period sale of down year-end, the single digits. be the low by warehouse
commercial our Deposit be position, to to for customers, given be and retail current our balances more balances. relatively liquidity prescriptive to continue are will as around stable continue we focus appetite higher-priced we but likely non-relationship on core
QX. from interest margin contribution the total basis of to XX reported in the points repositioning expecting in QX net are be XX securities expansion inclusive from We would of X.XX% This the compared single-digit the balance percentage income in range the rate just sheet with upper and drive further when assumptions should reductions. quarter for noted QX. an anticipated net the This in interest increase
approximate several into While expected QX carry that are to million, not includes are in $XX likely XXXX. forward expenses to this items
such, at clarity company. XXXX run current preliminary rate expenses, with is on our to provide the consistent expectations additional As some for consensus look
a tax we are likely tax again the Driven is the position realized Finally, the actions line initial by back effective XX%.
With XXXX, the QX. Thomas. from view to of year discussed. rate Therefore, call over loss expected for which to XX% should net in net to be full turn the of providing I'll range for our in an the previously credit be that,
