Archie, and quarter X XXXX morning, Slides good performance. our of a you, third X will provide Thank and summary everyone.
net remained income acquisition result loan closing Archie slightly was as solid despite margin, and interest as expectations. performance activity fee ratios the healthy, Capital Bannockburn quarter and of mentioned, declining or share the efficiency third during a quarter. As growth, repurchase surpassed all our met
Although the continues overall be to challenging, in strong interest our rate relation peer group. profitability to our environment remained
the Slide $XX.X that quarterly excludes million income $X.X X quarter, are merger highlighting of severance million, to share understanding adjusted and items or net to related believe to cost, our branch consolidations. reconciles $X.XX our was related cost $XXX,XXX Adjusted earnings, GAAP earnings performance. we per important for and of which
on these adjusted Slide reflects on average on in targeted of business. ratio XX% return efficiency equity our continued expenses, adjusted common of As X.XX% appropriately to earnings to our assets making XX.X%. while investments equates X, average manage ability shown the growing tangible and return Further,
by interest asset compared yields yields. margin X basis X to Turning in asset declined favorable points quarter than quarter and was with days impacted basis quarter to Net Slide more a basis X. lower to lower resulting a lower offset rates in linked interest margin interest mix. the tax Basic shift as equivalent in negatively net the on fully cost the The X.XX%. points in margin additional declined combined funding third
is additional asset further given As margin quarters, loan in yields XX% we've will impact as which negatively variable mentioned portfolio rate our cuts, the for previous rate. fed pressure anticipate we potential
We the investment yield on these declines managing the X, proactively dropped cost deposit on lower our which points. pricing, basis shown by yield loans As our X declined points. by XX basis partially and of offset deposits helped X Slide points basis
slight intentional regarding and shifts linked remain growth $XX loan current a approximate outpaced the quarter the quarter reduction in C&I Slide to loan and million of ICRE increased results. balances the potential decline mortgage X third to fourth and as an compared balances. growth franchise depicts loan balance future End We quarter. loan expect period our in and mix optimistic
fund from declined, outpaced the XX linked rates. quarter quarter. CDs. and deposits future a reduction deposit public on average stabilized pressure alleviate of with as to and decline non-interest in our Slide bearing interest cost to in $XX periods shows declined market in mix help in of balances brokerage deposit of the as a Average money well the accounts increases half and manage deposit million as base, the to margin. We costs interest the net actively Overall intend these slightly began back progression
mortgage and derivatives, Durbin, Slide Bannockburn the client the quarter. as XX non-interest XX% million bank continued service by highlights fees banking. as or our momentum charges Fee expense decline card These the offset impact income well was in a which helped the for period. income in drove $X.X bolstered during from deposit and income acquisition,
on client driven by salaries and Higher quarter is the The outpacing were and tied banking income. overall well to million group, cost. Bannockburn quarter performance benefits the for peer Slide as expense included depicted $X.X mortgage strong derivative our XX. a operating as incentives Non-interest Company of
million as OREO had recruiting and fees, of we we losses $X in transitory fraud addition, occur approximately cost, don't that [ph] to periods. expect such In future
We during credit helped previously also increases recognized quarter, the assessment mentioned. the FDIC an offset which
Slide than declined for although five expected. the asset quality trends XX higher expense depicts our last during slightly period, quarters. was the Provision
combined a to is we be or discussed declined indicator assets, to $X.X of million franchise assets offs the the charge the Third reserve quarter in total in $XX.X year. to as relationships net million the problem the which loss loans, related credit a three leading of asset over level resolution classified percentage level loan believe credits included X.XX%, XX points balance. in decline quarters. X.XX% losses, This with which which basis of lowest from total drove of previous were Classified
targets. on shown XX as our stated capital remained Slides in Finally, are strong ratios and and excess of XX,
we which repurchasing value, As Archie and shareholder reflects intention were X.X million mentioned, flexibility. during while the shares to active in capital strength financial our maximize sustaining quarter,
$XX.XX, and the by of the capital share the activity. X.X% declined impacted declined modestly ratios X.X% value share XX equity points, were quarter acquisition book ratio Bannockburn to third Tangible and X.XX%. our during book common tangible basis and tangible or value per repurchase to Our
on I'll over fourth for and back update thoughts our Archie comments. franchise on now portfolio, outlook quarter turn closing the it an to
