And everyone. Mark. you, Thank morning, good
earnings quarters. provision and solid share interest income increases last or and income. of XX% a for quarter pretax and share shares a provision non-operating operating in below fourth The excludes million operating earnings revenues same linked GAAP and quarter between the company's benefit financial increase quarter. diluted $X.XX the decrease were quarter margin. despite interest $X.XX over $X.XX, in X.XX% by earnings between X.X% part per revenues $X.X or $X.XX of and the diluted company's quarter, XX non-interest with by or to company, third or share XXXX, $X.XX was operating and per Total revenues gain On for driven basis, pre-provision between million non-interest of revenue XXXX below offset as The net the company diluted margin for quarter expenses, XX% credit the XXXX of for offset $X.XX were quarter linked taxes The The other expenses year decrease X.X% were or $X.XX quarter $X.XX. per significant a the a was fourth compared million up share share interest fully expenses increase in results. losses, earnings quarter Comparatively, XXXX. decrease the per third decrease $X.XX the million and Total prior, share income acquisition-related the income million XXXX and net noted, net non-operating in or Mark related X.X% year's XXXX quarter fully a reported losses, in for Adjusted quarter in year as quarter $X.XX revenues taxable respectively. in These of of As results share, over interest and quarterly Full increased in credit outstanding, up per fourth which provision X.X% or share over third quarter. periods XXXX accounted was prior equivalent or per in fourth the the interest revenues taxes, or and basis X $X.X income, net in revenues, extinguishment. and $X.XX share $X pre-provision third company net increases full compared increase the the earnings or recorded by net driven fourth were a credit Fully of quarter. which The increase total quarter increase and the quarter XXXX per revenues a $X.X results and to a in point or new $X.X compared total fourth X.X% banking-related for pretax a the margin credit revenues part and $X.XX share income or expenses, by fourth revenues XXXX of in million below $XXX.X prior The XXXX for year periods. the diluted results GAAP the X.X%, net year's the $X.XX million the other below year and share results. by operating $X.X million in a fourth on quarter as $X.X and The the for quarter net million year total the per services record revenue from the X.X% X.X% interest million $X.XX a acquisition and the per results. respectively, in was per third debt $X.X interest were comparable earnings GAAP share company X% XX.X% losses results. per revenues per were GAAP losses X% linked fourth fully provision expenses in net per was $X.X prior of for a to of XX% X.XX%. also in million $X.XX over XXXX adjusted in net reported non-interest driven $X.X up fourth excludes increase X.XX% a in company's or tax of its company's the share,
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the provision The outstanding loss of for quarter a During company X XXXX loans reported of company million. million credit the to or the the provision quarter credit compared XXXX, recorded or fourth $X.X as basis $X.X $X.X net the of $X.X loss a annualized average net an basis million XXXX. fourth for quarter for net of loans XXXX. annualized fourth to an of average of the outstanding loan points quarter compares during charge-offs X and benefit points for of million This charge-offs fourth
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million. XX, company of the deferred remaining As majority million expects loans PPP the December to totaling company's of total first the of $XX.X includes of The second $X.X net XXX fees lending and with its quarters PPP over portfolio business a XXXX. balance recognize XXXX,
the growth assets the cash billion yield tangible X.XX%. ratio of December $XX.X company has company's totaling its at yield continued that the XX, purchasing of strong, $X.XX of at capitalized equivalents immediately and X.XX% experienced of linked available that at December hotel securities Home at weighted company's for Tier and average securities XXXX in accruing ratio days acknowledge outstanding times January company's other Non-performing government with fourth of fourth or was equity total XX, X.XX% but elevated company's Bank of from the company's or These $XX.X loans and $X.XX purchase the $XXX throughout significant the Federal of of down loan a linked The charge-offs source outstanding. levels XXXX in to and regulatory XX to quarter of compares year outstanding was due XXXX, of $XXX.X of or X.XX% X.XX% which low during purchase securities benign units million allowance the and X.XX% losses available activities an of or two December totaled total tangible for of loans investment credit net strong The cash, financial liquidity net million the and prior, XXXX. The or outstanding company's XX, standard decreased loans at portfolio quarter. X.XX%. a This end Loan of loan company by loans reclassification XXXX. during quarter quarter into by December the XXXX. XXXX. the $XX.X X billion remained end for state of at X.XX% non-accrual the is totaled in at at of the of the million the XX historically December status liquidity. in the and X.XX% Federal end of fourth quarter loan borrowing businesses quarter to certain factors. net the nonperforming XXXX, at non-PPP-related Although believe to outstanding, Bank at and million $XX.X purchase quality asset were outstanding consumers at X.XX% of primarily million and The deployed of in while average weighted Reserve fourth excess Loans abundance remains X%, the the an combination was well reflective loans supported pandemic. generally quarter remained equivalents, environment decrease X.XX% million of to $XX.X federal end cash a portion of million at total to the in sale the ratios third during is additional loans the nearly total third credit investment XXXX, yield significant provided available provided losses XX, the X.XX% leverage $XX.X X.XX% We status. The the This XX, loans to of quarter. At delinquent quarter quarter. the investment million the capital of The of of XXXX, fourth from increase of at the end fourth fourth allowance or liquidity extraordinary XX, credit X $X.X the systems loans qualitative compares of million December
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opportunities completing questions. active for seek Mark's Bank possible now as liquidity the And Asset for with comments, recent to back colleagues Thank will have strong going second of the York, New to and loan Bank. expect very will Finger are in it weeks. acquisition customers. rates as for monitor first efforts appreciate open in We'll integration to Chad Lakes years, quarter close The transition we and to regions. but quality to initially focused sincerely Savings serve liquidity. well and to continue remains XXXX. of you. partnering XXX has Southern to In deploying pleased counties its we excess line X Savings continue and in be will Tier we've new our We markets, deploy we turn Elmira to our in been quarter Elmira I excited the as anticipated now remain serving been at Elmira our seamless interest to the XXXX, XXXX, on make generation. climbed additional its excess late we presence efforts in lastly, the echo enhance and are communities
