Jim. Thanks,
remain common income share again organically strong last fee X% offset were remained quarter were charge-offs X, Since you fourth stability improvement rate, the $X.XX, fund in $X.XX. Total expectations, Credit and true loans equity incentive of tangible per can sheet, both Reported highlights see earnings exceeded CAGR year growth HX our assets earnings while were Results normalized to and charges, which with GAAP our X. our balance XQ over has of in liquidity our levels in on Slide position. on Slide share allowed XXXX, by deposits return by adjusted and excluding margin industry with merger capital $X.XX to a net income partially light.
On growth us borrowings. of per continued and loan our growth. benign share Turning in per deposit and favorable tax has line minimizing profile measured and as ups. interest
real the book X% last As share year. by we per value grew over Jim mentioned,
CETX also nearly a XX the points year, of with strong We of XXXX ratio ending CET -- accreted for XX.XX%.
faster continue These provide strengthens our accrete foundation, We XXXX. which strong capital most. a capital to position begin a continue we as than pace levels that expect liquidity and will to we at
we Total line On loans outsized with our payoffs $XXX Slide quarter and by trends decreased million our assets. production offset show lower earning annualized last book, commercial in from X.X% X, utilization. in some of
range. X% are and funding full saw before X% in excluding loans range the costs For production marginal new CapStar. in we year, loan are the total XX% grow the high Quarterly rates
the over and now investment quarter is just with duration was prior The X%. consistent portfolio
We approximately on above running will margin XXX yields $X.X support expected and Today, over securities loans book securities to the and loans. interest our points have yields XX billion new months. The rate fixed cash that improving 'XX. net are stable expectation be basis approximately currently both in flow next in reflex money back in
Moving key to Slide core and in our focused grow decreases. funding XX% deposits, total saw funds levels. in source. annualized deposits with order nearly during third remain X% community [ ] seasonal as banking were public we XX and trend of consistent deposits. deposits core X, up we Private deposits while brokered were quarter Noninterest-bearing growth show to this normal on continued were ex up
remains is X.X% million than our a percentage levels. ] brokered of The ratio and was Our deposit $XXX approximately deposits, loan-to-deposit of at brokered total last use half peer less total XX%, [ consistent quarter. as with
XX deposit quarter, prior deposit rates the compared basis as to played a consistent deposit action. point to respect with total costs, decrease we out in quarter and decreased Fed the expected in With costs
rail that XX our experienced a was deposits points. exception in Moreover, we early December beta lowering in at Our XXX XX% rates XQ. price started since book basis spot down deposits have
accelerated deposit above total growth over in environment are proactively in our to was in beta respond reasonable the quarter and with deposit deposit fourth while in of Prepared which expectations continues on highly we our line unfold Our costs. Overall, evolving driving focused future the at execution confident quarter. the and XX%, it course of the Fed staying peer strategy, to expected. to at actions as came
to we action. with front-footed in past respect calls, have client As mentioned we remain
per We reported income statement. Slide our of X share. shares common to GAAP or end $X.XX quarter million provides income applicable net $XXX
$X.XX per merger Excluding to related of note were adjusted quick taxes. $X.XX. earnings per share share A on
the line benefited matters. operating the those would of from additional This in credit also certain Without included partially tax offset our and which items, quarter have tax been XX% we were tax guided. line benefits, in had FTE resolution rate the with expense
kept line growth offset with that on We interest Net essentially details lower likewise paydowns a as showed asset and and as interest present higher margin was funding. lower deposit interest income income accretion we costs deposit Moving was Slide were cost and generation Year-over-year, maintaining net flattish stable of by utilization. XX. low and expected margin. of relatively increased to while pace our again
was income, Slide and $X XX above adjusted noninterest shows the million quarter our for expectations. [ ] which trends in
businesses as a performed declined wealth, capital mortgage of CRE primary result well fee with bank Our and markets while expectations, fees production. of lower ahead
from million Other income benefited $X create items.
quarter, primarily gains. As $X income a reminder, was market back valuation other also to looking approximately third related by elevated to million
expenses of quarter the offset expectations remain accrual controlled, performance-driven in trend within $X well tax show linked expenses This true-up leverage. credit generated noninterest as quarter. million to adjusted higher I XX, than was for that incentive to amortizing $X.X line rate higher year-to-date million in mentioned we tax slightly positive and earlier. a the the $XXX Continuing due that as Run is million Slide well operating again we
additional On weighting for our our stability at to was a that net the Slide ratio low delinquency commercial on on points loans, basis factors loans basis to points, XX XX, allowance the basis we you of portfolios. third ratios credit were qualitative Moody's related we points, plus basis Consistent to from quarter, The were trends, migration. scenario quarter XXX nonperforming acquired basis stable of which The and last with Total commitments total basis loans prior grade and XX present both the gross points qualitative losses quality now reserve our total from nearly a XXX credit points to incorporate for credit quarter. X consumer and the capture our discount XX loans. including up remind points. Also, remaining PCD loan relatively unfunded quarter. reflect losses stands with SX fourth the XXX% reserves
presents to and approach peers. delinquency We credit ratios -- that Slide over proactive to that has metrics led remind peer averages to you XX again our are key charge-off below time. above debt monitoring relative
speak we here, convertism themselves. for the believe will practice long have continue that results to and We
regulatory and the months. million to or On year-over-year, value strong Slide tangible up key earnings. driven improve AOCI The we yield headwind. Again, approximately capital AOCI over linker and modest ECE XX% position expect $XXX at value headwind, in given was a increased weights at book of intermediate we X% XX, million the led a share, that decrease XX next to quarter. $XXX per tangible reaped the all ratios the end the of curve rates book increase by the Despite
quarter net income guidance. Slide of and the be partnership. Bremer then in the and to of stable benefit the the in impact XX the position our on the XXXX details repricing, half risk asset expected is of increasing X in fixed days our with growth half relatively the first fewer of year updated interest closing includes first back of rate NII anticipated and excluding
I would the primary a but slide, Our assumptions the highlight few are listed on drivers. of
First, more curve. XX we assumed which of points rate one basis each, cuts current forward is X the up than
XX% Second, expect stable core anticipate of accelerate our XQ to And approximately through with total line we third, XX% in to deposit total as XXXX, move we our at from we terminal beta mix up betas. XX% deposits. noninterest-bearing the remain to
loan our continued expected expect our up and quarter course and The full balance We unchanged as Importantly, believe for include assumes in or or the support cuts X growth, of exceed Bremer includes year X%, XX, We Slide neutrally for the deposit loan industry of July close. meet which growth is On XXXX. we no year. year guidance success remains a line's execution XXXX. to cut over to of anticipate in would first growth our X outlook X% the full exception strategy positioned. all of our guidance ramp and be the to current
operating peer-leading the full of line key share highlighted expenses point consensus At these and group we return good lines, credit. current per fees, profile, the analyst and that the expect lines items estimates a on feature yield rain again positive you'll Other the earnings are the note slide. above controlled on year leverage,
with results We continue line execute XXXX remained against ability summary, on excellent our In rate we fourth demonstrate offense and run in our priorities. with expectations. strategic were to quarter results to
our at industry overall rates. of a deposits deposits were asset ahead to grew sufficient First, and loans pace we organically generation, fund both growth
Second, peers at our remains quartile tangible adjusted XX% common return equity. on profile top against
leverage have believe and and reserve efficiency Third, XXs. we remain X% open book. ratio resilient, And we with operating adjusted disciplined to share, in and the our remained driving compound I'd on positive Fourth, an continuing are was coverage ample we book credit along low the tangible for diversified up value granular well those to call fifth, comments, per a With we questions. which expenses, year-over-year. like
