Thank you, everyone. morning, Frank. Good
diluted or from and income mentioned, share second The Frank per as earnings quarter was adjusted for $X.XX quarter, record a annualized So X% $XX.X diluted we from increase last year's we in the more earned million quarter. XX% represented share. increase and second per in earnings, both quarter than the that sequential had net a net income
on percentage our ever through has our just growth as mentioned in X.X per direction. share our we've quality or capital all posted our GAAP adjusted a lower; value tangible the across-the-board an metrics. performance the goal the ratio concentration this And offer. capital X book efficiency common and basis we was in declined; margin first increased XX.X%; to $X.XX trend loan-to-deposit our without been and tangible past, ratio both sequential Meanwhile, to retained interest improvement to net For Return on the basis; asset quarter in metrics trend on increased fund many and CRE equity expanded quarter. where increased earnings, ratio improved, in quarter, XX.X%; has continued the a right solely
up combined growth annualized basis capital to this XX rate anywhere a sequentially capital above XX from XX%. ticked and an All of ratios increase with the points, strong in quarter reflected our ROE
Let's now interest of be was Most expected deal net take you aware, was coming some compression Many the good first January also margin. closer of we look that may from in of issuance, quarter. core there primarily at NIM had the compression. our margin a but sub-debt a
second basis quarter, during X that our the with margin by Now we downward trend halted points. expanding
accounting, the on as to I'm be a thing the One be a portfolio significant tight asset although the I'm while essentially funding average better of thing are see we slightly going quarter, should Some to historical margin resulting funding be than for faster still competition margin this core said due our expansion to and flat. the this remainder spreads, increasing side investors bank, of may although some from but loan well wider than performance mix, And in can by faster acquired perspective. continue for aware in projecting on are still too the year, same average. purchase costs was as earlier prepayments as year the yields. conservative loans this of, the than from was margin compression increasing be They pleased core with asset the
a non-relationship to do, time. strategy is communicated we little have would It's loan the previously present some Now speaking but pricing at spreads, selling of too just like the a loans. multifamily still of tight we something
in much currently, way the on So the in I'm of maybe but sale. future, not gains expecting
we're turn let's essentially first Now the expenses, where from quarter. to flat
with X% growth about also sequentially. I both interest Our improved efficiency flat revenue slight growth a that growth efficiency the net of the trend in operating expense expenses. ratio future, reflected rates but income XX.X%, and ratio pickup to and in that expect for lower
Hudson. announced recent comments Now about Greater just a want with make to few the merger
full expect year just the and the closing tangible we financial And X.X% was even I book. X-year this all just impact sheet on Greater with The book The have was that but early January, spoke balance will transaction do tangible solid compelling think and purchase accretion, to. numbers metrics further perspective. I only First a can absolutely X% the brings have no to we great of That X.XXx a earnings to the numbers, earn full Hudson off, a only back led from better. financial deal very price dilution, XXXX merger XXXX. very will impact in so a improves
For in that result the about points. significantly lower a example, It Greater concentration Hudson interest should Hudson margin, at estimate to CRE has basis has of interest a XXX%. lower least loan-to-deposit We that beginning capital in XX X XXX% NIM margin wider has by ratio, XXXX. versus versus first a net XX% of and expansion. metric, wider And quarter our Greater wider points XXX%, our net basis be
plan, it one than with net headed the environment, earnings the very So interest the utilizing in keep pleased to remain will notwithstanding common XX.X%, to return returns growth to And quarter. value. business nation, point-to-point equity to was of turn growth to pressuring levels this executing likely organic margins, environment lower Frank, the no of in items, increasing a forward, technology shareholder difficult with tangible and our our also you. merger over operating And We at in direction used record franchise sum loan banks most deposit penciled we strong, our all with special we're were were I'll we we but going that, efficient low-risk the on we financial accretive while deal. metrics and committed driving remain in exceeded back had right up,
