and you, for you morning. Thank this thank Denny, joining all us
at $X.XX can Slide X.XX% XX.X% tangible tangible earnings executing our this diluted net We're lines. common to morning million equity. successfully adjusted share. provide slide on reported I per which be reference business strategy a year-over-year on start on across XX% income grew all second As X. my $XX.X comments, I'll or quarter return found Adjusted return seacoastbanking.com. a And I'll assets and common We adjusted deck,
per value tangible share book quarter of Additionally, with $XX.XX. we ended the
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mentioned, Additionally, as needs. commercial by expand customer software Central gives direct us the into expand lastly, that we customers banking our significantly launched the relationships And customer opportunity our and of to relationships once XX,XXX we customer allow providing proprietary the another and which South insights to portal of across bankers acquisition Bancorp, Florida. Denny commercial behaviors closed announced First Green -
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and I'll $X.X to losses other in the recognized impacted we quarter during of charge-offs items rest in on OREO, these aggregate, in the mitigate expenses. per these slides, losses discuss real owned In future $X.XX by $X.X the million detail. the to the million Additionally, we as quarter. move and In expected we're items on net estate taken share, approximately
quarter to which Turning the to fourth Slide expected of expect - acquisition we close Bancorp, which announced to last the quarter. we We late First Green in X.
in Orlando, largest As our the Denny MSA, described, bank. scale Florida-based the already Florida's at in largest third acquisition we're footprint expands
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to Moving XX. Slide
revenue The to points as below and year. result the discussed items ratio XX.X% confident sequentially a X plan. remain XX% nearly X on half increase have percentage the our we the track efficiency we're was quarter-over-quarter adjusted achieve we ratio Vision prior on discussed a we the improved quarter. direct of first impacting of while investments laid increased year, from the in out We for making notable Slide the Our efficiency but over to XXXX
outstandings XX. increased annualized million or quarter the Turning to on $XX X% basis. Loan an during Slide
year's Excluding the X% loans from by organic grew added acquisitions, the bank last year. loans prior
growth. loan our in in markets. commercial and laid by a Florida's commercial actively technologies, for teams coupled with growing the segment, investments attractive bankers and new most forward, led healthy We're foundation pipelines, in investing of bankers Looking continued have
we Given our longer the our quarter-to-quarter, of is But QX, In taking at the see loan view, in growth. in may increased amount third variations to origination be gross we pipeline loan end robust target double-digit prepayments. expect of a loan the quarter.
was our outstandings declined in year. XX. $XXX summer or quarter-over-quarter seasonal from Florida million Slide decline the Deposit to reflects up markets. $XX the prior Turning and million The expected season
increased our approximately Home the to prior points and year-over-year. to guidance. above quarter-over-quarter, Excluding of reflects time was basis deposits, loan-deposit increased X for utilize impact believe The and cost deposits year-over-year X%, rate acquired expect basis XX lower deposits advances increased Loan basis we that on which with deposit competition Rates overall a basis our Bank brokered liabilities deposits points reduced to point manage ahead, positioned do a to X% ratio, resonates Federal points points, looking total with value X We term. action of The And basis cost approximately of interest-bearing more customers. in attractive deposit increase and with proposition expectation. X and paid expect taken line to growth remain purposeful well we're funding aggressive. X due we
to Slide Turning XX.
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to tool innovative to our we our portfolio banks. community compared continue to analytics like-size expect when set, outperform Given and franchise deposit
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guidance non-acquired end. basis originated portfolio, XX the This prior near the X single to allowance $X.X XX last from nonaccrual. was charge-offs will in $X.X basis reflect item of conditions. a the ended down XXXX. increased loans manner we're to line outstandings, This quarter change to rate quarter overall period prior behave Nonperforming for at loans was credit points our our X over XX to loan line quarter-over-quarter, quarters, points. basis in And charge-off net coming result an the commission X of transferred X points million. of credit Our in in net the loan rate with current quarter. quarter X the as of points - the And not prior does points, Net million looking charge-off episodic was to up back ALLL annualized was basis the at off a and total - point basis basis credit X
matures. approximately and annualized be expect charge-offs. XX Looking losses as the the provision will forward continue to XXXX, we The net basis loan for net influenced points charge-offs cycle economic of to by growth loan
Turning to Slide XX.
balance equity us our XX.X%. Our the ratio Tier on equity tangible ratio XX, common in strong capital common capital to strong. for was risk-based X.X% the And of total end, And was growth remained position at to up, additional well XX.X%. quarter X Slide and capital The The providing tangible for fundamentals wrap capital remained ratio set XXXX. asset was XXXX. up
strategy We're of acquisition We're laid confident the below track XXX-plus, turn making balance markets, over tangible bolster and targets our I'll targets returned outstanding forward and XXXX out tangible investments to and of technology regular early position, a and XX%-plus sheet your talent. First these common XX%. back reform in assets Although XXXX. Tax quarter's efficiency call our targets. to Denny. ratio operating by remain on And we're meet was achieve on and look of reminder, questions. in Green our further on equity smart our We momentum a this we selected ability return remain to as the are few performance impacted in Vision to items, we unchanged.
