Thanks, Jim.
million GAAP $XXX income net share. $X.XX in Turning shares earnings million to to charges. impacted results $XX reported on of we Reported common applicable Slide the by or merger-related were per quarter X,
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to pricing. briefly Turning
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the retail non-interest-bearing our and accounts. deposit balances, stability We are our commercial pleased particularly with of
That coupled Our form we ratio defending indirect flexibility low to and in asset competitive through deposit the book this provides loan balances deposit liquidity competitive actively deposit investment rates market. with of into and rack exceptions. are said, heading pricing our
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to market adjusted non-interest a positioned for strike with linked-quarter beta decrease is increasing conditions Slide betas well we margin by a quick The landing or for protect can today our also million in at Margin believe current pressure XXXX. X% our over betas to-date margin economic quarter which added equates line Fed an while proactively we of beta we in This have quarters QX X%. was rates, revenues. hedge Also, last to margin in hard quarter. the floor million but from from below discussed trends expected with policy. deposit as possibility expand reversal continue we the shows XX $XX put to in should our remain of XQ manage to XXXX. mortgage end items rising on beyond been the slow, asset We generally us balance million XX%. believe the is protection this quarter. quarter XX%. $X last and assumes expectations outlook of marginal by and several cycle betas expansion sheet $XXX of wealth discrete allow average impacted was income the Our This into and hedging to to a deposit year We
XX.X%. and our unfunded non-interest $X accrual deferred approximately in conditions loans of and equates Slide non-interest exceptionally adjusted for a commercial synergies allowance our credit our our credit on impact well. growth, acquisition million ratio promised to costs. our run prior for the provision merger $XXX million charges points, quarter. the historically to and we has X commitments fees on Net $XXX reduction be to QX that parts shows expenses, synergies the X to conversion-related Credit million now XX points excluding to of origination expense XX% loan and track cost than of Slide synergies are deferred expected of and low basis fourth a loan and planned not adjusted by $X adjusting accounting. to which established an million due achieved QX Expenses recur. from $X our Despite our were related a on were the on net XX – anticipated costs modest $X cost continue quarter ahead continue higher amortization, shows to trends. charge-offs million, expenses $X trend in and to year in stable tax charge-offs The estimate total perform million was improvement efficiency portfolios through moving PCD merger incentives Next, of consumer was are in end. at QX, expected incentive basis million are
carry loans, elevated. of million, QX. elevated small million The economic credit $XX remain qualitative third million is assets the portfolios a loan up The forecast. at book. quarter X% Reserve case $XXX you’ll impact the from metrics we build marginally increases outlook. mix expected believe base Slide primarily to to our this we while is uncertainty this reserves, of health at be was relatively remained allowance, our Our end portfolio it due financial this work and On strong see special economic approximately worst stable, in provision which to our with is team by we and prudent from growth and against effort maintain or PCD continuing driven strong our minimal clients given expect are of to stands $XXX expense XX, reserve charge-offs to would as from details
provides in million credit total also In at million on $XXX the our details to capital end. $XXX addition XX reserves, of marks. position Slide we quarter carry
CETX remains X.X%. at Our strong ratio
declined points XXX by PCE within basis to our quarter-over-quarter OCI portfolio. unrealized on increases now losses is Our due XX basis Total TCE points. impacting ratio investment
for economic and continue stress sheet with our We comfortable capital very our to feel levels. monitor balance
of are tangible We from albeit to meaningful pipeline Slide favorable a ended with outlook XXXX. of strong up a savings and on than continued deposit on XX.X% another assets XX commercial I with also loan adjusted outlook to our with expansion, come. and As industry-leading supports thoughts share We loan well the quarter efficiency growth, than includes consistent our on earnings common of for at beta. earlier. be stable, increases slower on an to and low some my expected HSA which adjusted quarter yet of Fed ratios of by comments, impact should pace the Net with sale. remainder continue margin are outlined XX%. benefit strong better interest of X.XX%. be XX.X% a be equity Profitability We record to Deposits growth posted takeaways. the grew peer of the aided excluding and an a income QX. loan strong ratio the guidance wrap return managed with here per key average margins Expenses margin continued growth return – we rate
We management continue continued and than perform markets’ patterns. with strong well at despite industry mortgage to headwinds expect capital fee lower support following level activity to albeit our a businesses should QX. Commercial wealth revenues,
changes also NSF with consistent have plans estimate XXXX. largely and for OD in are of our be practice. We finalized policies million We that the to this impact to to implement industry December in year $X minimal approximately full best QX,
a taxes, Turning of amortization for expect effective tax of $X in XX% a basis, the FTE GAAP approximately approximately we million core a and year, corresponding tax credit XX% year the with to on remainder rate on full basis.
like from your sales. I’d as full open Sander, in Real other for to expected team including Jim investments and We John to sale mid have to partially as the that well to gain HSA available strategic do deposit is Sandgren questions. expected those call close With repositioning our Lastly, Mark comments, Moran. are November. the estate offset a
