Thanks, Bruce and good morning, everyone.
$X.XX with income per Let's which financials, and of We EPS net third share. our four. quarter generated get diluted $XXX slide start million on started of
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credit continuing the credit. quarter XX quarter loan be NPL rate slide from a overall improving the trends Next in let's XXX% to move higher points to of credit points reflecting the risks quality quarter. and quarter. XX shift XX the to second from lower relative Overall points in XXX% and towards favorable to ago while in basis in quarter XX The decreased versus this improved with to charge-off quarter ratio year the net XX, loans the second commercial continued cover basis basis XXX% and basis points year The The ago coverage to decreased a quality retail excellent results. continues nine basis non-performing the loan mix ratio points and prior relatively clean position book.
relatively was second versus estimated reported charge-offs improvement recovery Our million charge-offs the which million the $XX ago charge-offs million down above credit year auto. retail this quarter, includes second commercial additional losses. down netted $XX million stable provision quarter reflecting an while higher in in recovery. in to for part The to to than net of for hurricane zero and losses due were quarter commercial the to higher reflecting $X was seasonality reserves due Provision in $X net compared increase a
ended loans overall we higher and portfolios On with relatively X.XX%. to to our our and at ratio of continue book, strong ratio liquidity to the that quarter XX.X%. leases you stable mix we and see was allowance We retail CETX capital slide a as loan can of quality increase XX, total Lastly maintain continue the position.
$XXX and dividend. million of million part returned As shares including CCAR over X.X we repurchased plan, this our XXXX to shareholders quarter
share has increase strategic XXXX we again subject early share showed regulatory $X.XX initiatives. we in authority against dividend $X.XX we Board executing our scorecard approval. On through of a a and the to dividend [ph] Our today slide XX, have and of how Directors quarterly to per to a CCAR declared are
intensely are way. in growing profitable sustainable on and product relationships through business, are [ph] customer a franchise committed clearer our a to We advisor focused we trusted In strategy. consumer strong and developing the and becoming customers our to advice
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in made quarter to are In a very lower expanded continue addition, to the mortgages. our capabilities believe challenge we cost consumer another markets helped we as in provide investments direct to deliver capital originate we've will strong leverage performing Treasury Commercial, with solutions investing we platform a in increase purchased which a In bond origination XX% recent in X% driving steady Reserve. underwriting acquisition volume fees. program of year-over-year up income as growth XX% due fee its momentum commercial enhanced continues our progress to strong our of Western our card and including year-over-year, was platform
platform Our reflecting finance, customer also initiatives strength average in initiatives that continued improve and to customer investments X% offering. our middle TOP We're commercial sheet markets. helping efficiencies delivered growth deepen balance relationships finance with the and of with starting expansion mid-corporate. real in fee to balance sheet The see those year-over-year to geographic our self-fund drive growth franchise product to successfully and program us loan had benefits growth corporate market, allowed are and strong to estate,
for completed program launched in end have largely We run of benefits expected May of year. the this actions needed deliver to III TOP $XXX the by and which the XXXX million rate is approximately
is program to of value continuous our a IV commitment further shareholders. TOP Our our and delivering example improvement to
million As initiatives steady for our of the efficiencies of pretax raising we rate making On target. revenues by $XX financial and a we're we $X are run drive progress program XX you slide and $XXX see impressive benefit against our combination by to through to work target late can XXXX. a million million enhance to the
this has noted previously quarter Since post-IPO our from improved medium third quarter XX% ROTCE term XX.X%. 'XX target. our we As ROTCE hit X.X% to
That key very percentage IPO growth performance of Our measures. from have still and the well, efficiency that. years XXX% we we'll in deliver efforts peers have four to to we XX% by XX%. with medium $X.XX opportunities period continued terms nine has improvement over of from said strong further a CAGR hard outperform to target term up and This as made EPS same XX%. rate And of a for ratio our exceeding over continues that $X.XX of improved work improvement [ph] from timeframe trajectory in as on point XX.X%,
to outlook third turn Now on slide let's quarter our XX.
produce around X.XX%. linked quarter of loan growth to X% to expect average We
to interest broadly net margin quarter. expect linked also stable We remain
expecting given record broadly markets non-interest level fees We income stable are to QX. the of capital in be
gain We which growth also transaction our expect be to costs realize with a in initiatives. associated offset will modest TDR XQ, by strategic
operating able items to will in as so will clearly We our you see trends the those be business. treat notable
quarter, We expect up perhaps the fourth broadly stable a given seasonality. expenses to in be tad
$XX in the provision the higher the we recoveries reflecting commercial of loan net $XX growth million, given a million Additionally and to to modest charge-offs level expense third in increase expect improve range quarter. to of
the We as this basis, $X reported to for around rate fourth expect the tax to tied million and is historic expected program tax on tax be result the up an excluding a The XX% XXXX quarter an investment to a about line impact launch of rate credit underlying the tick 'XX year. settlement. XX.XX% on of our year temporarily XX% on full basis our to XQ tax
an approximately ratio finally diluted be in We Step manage XX% I to back with With to expect we $XXX XX% the let LDR million. to And average $XXX to range. million to the that count share XX.X% average turn expected me of our around to it expect Bruce.
