quarter and earnings fourth Thanks, year to XXXX call. welcome our and full
from line earnings bottom these revenue was and XX% in increase driven a our $X.XX, solid Collectively, from higher drove as bottom fee per usual Credit Officer. Joining The over several portfolio which and by Chief and Chief year was we've X, XXXX The improvements line Associated and Slide XXXX of years both two XX% great momentum years to our share are is a Officer; last Banc. our coming me provided growth ago. businesses. a built progress Hankerd, our On increase line for John loan Chris results. top the Niles, great continued Financial from
deposit franchise deposit Huntington value. conversion. finished Mutual believe the levels deposit the will our our year franchise announced we as grew Bank system record completed We transaction enhance recently acquisition and that further with branch and also the We
metrics for and losses. year continued provision to we credit zero credit improve, the with finished Our
share amount our increasing capital Our progress underwriting position standards. reflects maintained disciplined the our dividends of return and through to in to shareholders capital million We strong higher area repurchases. of this we while commitment $XXX
Slide our mix. final reported were our our growth Average X, margin results. XX% from XXXX and Turning consistent our We're our guidance. loan we classes, XXXX commercial loans most lending to across increased summarize with basis XXXX, of results from been our with up points net inherently have pleased XX interest asset-sensitive over that benefiting
continue year-over-year, revenue Whitnell, our driven of strong We boosted to fee-based Anderson and and by our Insurance markets by further Insurance. acquisitions grow Diversified
Bank greater projected which in our adjusted As control the than the there'll acquisition, and from basis cost we point XXX be costs. the savings acquisition-related efficiency Mutual efforts improvement excludes achieved ratio, cost year-over-year our
of environment for allowing remain XXXX, contributing stock repurchases $XXX credit an us to million. of increased zero common through dividend the benign, Lastly, and to that losses totaling in the capital deploy credit provision
organic in by acquisition roughly growth and increased keep of and book higher-than-expected benefited balance Slide Commercial XXXX to of we to respect acquisition loan represent with paydown highlight Residential and C&I year-end, credited loans The in in our our Mutual from estate business. lenders at activity. mortgages as our be With X, year-over-year XX% commercial Turning mortgage total to the remain to XX% we acquired book XXXX. Wisconsin offset the loan lender good strive to of largest of was that we and numerous trends. addition about our penetration. activity the can real mortgages, strong market growth both expand average Bank partially
our and of total X/X diversified about geography, type up loans makes is portfolio property by well and borrower. CRE Our
at modest, year-end. Our exposure construction to exposure retailers X% continue to our and be was
trade activity. Commercial largest the XX% quarter single Slide interest was X. by grew of business almost lending and and represented and exposure as highlighted the our industry our specialty and wholesale Mortgage XXXX, on across trends in and solid year-end, rising X% book Fourth in driven remains mortgage verticals. manufacturing commercial our most business our warehouse total curtailed loan Our results general overall rates one book lending outlier sector. of business commercial at loan lending are
Our commercial momentum primarily QX lending by and great REIT fundings driven business our and book and by grew was gas and activity had year-over-year. XX% in oil lines.
We lending lion's XXXX. our account for expect business for commercial and the in to share growth
communicated, activity. CRE significant to As during declined we our payoff QX due previously book
XXXX. the expect to decline continue average We QX to modestly CRE balances into
remain our commercial we the balances rebound pipeline QX. XXXX expect grow to quarter robust, into backlog However, and in project and and real second funding estate of
third from portfolio and activity. residential rates seasonality Our the modestly tempered mortgage mortgage quarter interest elevated as decreased
growth For QX, XXXX. XXXX, in in market expecting normal year purchase Overall, we expect of accelerate loan full X% average X% mortgage reflecting lending to activity. we're to
Turning or lowest the X, proportion in total highlight deposit balances Slide finished improving levels of The with improve of total We continue XX% growing mix a and Average over graphs we billion since at grew our both XX% $X.X XXXX mix to trends. our of success in deposits deposits we year ago, highlight categories on the year-end. deposit low-cost record to and we've overall deposit balances a our to in annual deposits. checking of environment, side our rate right had the cost the deposit XXXX. slide rising from
average balances new XXXX, our in the lowest continue online years. believe of to at launch deposits The level February help in X from technology pleased retain lower X% in benefit of transaction time of the sought and from rates, made, to We some deposits retaining in While platforms We categories total just years our the our further success on customer XX% we've interest these and focus win represented year-end, able the and our of XXXX fell and modest of deposits couple remixing will the balances. were funds in rising investments us to as network including cost these managing mobile from seen we're higher to deposits. growing our funding with customers deposit our our cost results XXXX. at we also have last and have reduce
Huntington replicate the deposit pleased Additionally, success the was been loan-to-deposit Bank and been details our Mutual the we've ratio essentially unchanged first down able year-end, Slide are and XX% at half we'll customers, rates with have seasonality, of which on the X. shown Fourth quarter. with quarter transaction. to from our be Reflecting as the expected, believe retention third from
we quarter, down the our continued purposefully balances. cost deposit manage transaction During to network higher
as While help $XXX QX keep deposits commercial we expect will XXXX in the second should net we in and offset municipal deposits deposit of loans, those expect million in increase cost overall first of we of on noncore Huntington the these nonetheless level about experience fund outflows the funding seasonal transaction in to to funding. anticipated quarter, use will inflows check. balances fund draws and and expect higher in we quarter deposit core we growth The add deposits
maintaining under our growth While our XXX% the funding and loan-to-deposit core to remain with loan ratio loan-to-deposit committed to majority deposits. ratio we're a somewhat seasonal, will of
Turning XXXX. accretion. to Slide million X. be up was increase $XX of Full million, or year Mutual can million income net from $XXX attributed this XX% $XXX and prepayments Bank interest to
points to up on other average retain and points X%, ability the sensitivity million composition. core points average portfolios improving yield climbed basis majority loans was our loans our asset lending and growth, yields XXXX. yield real increased commercial deposits modest, to successfully low-cost these basis increasing the XXX to loans our The in commercial balance the the sheet from basis over funding Expansion estate and to reflects while to rate linked more prior over X.X%. The XX of benefited and mortgage The our increases XX $XXX on in yields our our are from year, residential throughout business LIBOR, loan X.X%.
points given loans it that and primarily and offers some reset continue will our portfolio to see of in intermediate from markets. XXXX, we competitive were XX and ARM up Interest-bearing expected However, this the action, deposit continue Fed to emerging uncertainty protection constituted pricing higher the margin as costs within term. is pressure rate reprice basis
margin. basis Looking performance, XX Fourth yields contributing both at interest XX costs by margin loan a in interest-bearing net Slide are net increased quarter highlighted point margin XX liability XX. on points, yields basis average basis overall our to trends on points, The expansion interest our from commercial increased our Bank ARM with loans. effect on higher. portfolios both and Mutual residential higher quarter full to from prepayments real legacy benefited hike, mortgage as rate loans the yield September average estate and reprice the along The business the of during loans lending total continued increased also
between X.XX% and deposits. to QX cost points Our increase lock rise as and interest-bearing was less took actions basis certain municipal from we This quarter in XX we QX. was in funding the the benefited the on time than deposit last QX quarter, up from
interest-bearing cycle-to-date essentially Our line beta X.XX the our interest-bearing deposit quarter, in was deposit beta. in with
trend yield rate Fed pricing year-over-year to an to we pressure, modestly offset upward to continued somewhat stable XXXX, loan action deposit by leading interest net in be improving margin. a expect improving Given
we income. noninterest highlight Total Turning the income million to annual Slide noninterest up was million, 'XX. year $XXX from $XX XX, for
the Mutual and and contribution Bank reflecting brokerage management closed run advisory by strength investment fees, was Fee-based late our the related markets of and in wealth Excluding equity acquisition, which was $XXX September Whitnell driven higher year rate we sales, through underlying write-downs revenue growth the the million. XXXX. of full
million acquisitions made XXXX, the year. Additionally, driven in in insurance in $X by revenue earlier increased the part we
acquisition to acquisition-related Slide consecutive million like of million. to costs. be expect ratio our trends Noninterest we've and were our highlight guidance our XXX and $XXX noninterest million. that to we efficiency fee-based highlighted to our improved $XXX year-over-year $XXX expected, income as our lower to costs expense with on XXXX, operational the expense excluding XXXX we drive million, $XXX controlling Annual This million XXXX, demonstrates to XX. and was in noninterest commitment revenues both For adjusted are increasing points total $XXX year basis that for marks from efficiency able between and line discipline. seventh I'd
The smaller was reflecting technology as personnel, million, of acquisition. XXXX and customer we achievement will $XXX that integration invest including approximately our expense the further and will Our out fourth targeted noninterest Huntington Mutual the increase impact of Bank facilities and well the We from year-ago anticipate capabilities. operational in In build XXXX, and $XXX branch is permanent acquisitions. mostly costs the expense noninterest will versus our savings. the to QX digital to improve continue be Mutual quarter efficiency the operational Bank quarter as the of cost 'XX successful on due in brought million, presence
expect further quality basis credit adjusted book. We XX, summarize our by Slide points. ratio the On loan reduce XXXX we XXX trends our of annual to efficiency
XXXX. Nonperforming During XX to and $XX XXXX, credit million nonaccrual points nonaccrual decreased improve. decreased assets million loans just benign total, we the from credit basis $XX and metrics environment loans saw remained In from our XXXX, charge-offs represent year-end. loans $X net down XX XX the net charge-offs from average at million in decreased million, for to of loans from points points $XX total basis Total XXXX. Full XXXX. basis were year year
metric Our comment down like credit in I'd briefly loss potential $XX on financial Page loans zero, was X our on from of tables. problem provision found our for million XXXX. to
XXXX we've of several that no XXXX, that quarter QX in levels emphasize are to loans problem be potential low potential problem elevated large XXXX. loans downgrades when environment this our and fourth credit unusually X in potential with quarters QX is late may results quarter line XXXX to payoffs in the While deterioration our previous of want loan were XXXX. 'XX appear I of seen problem compared fourth and due because loans from to to only
our We established our a adhere share pay highlight outlook On we We've repurchases. capital manage maintaining credit stated takeout position. competitive our to capital acquisitions in-market by pursue cost XX, and capital a organic capital and approach Our quality priorities to very to support deployment. strong growth, remains dividend, our disciplined positive. position Slide
improvement dividend economic Over X common last reducing this our through portfolio portfolio XX% by Mutual, years, Insurance through choices. We've the in XXXX, disciplined ratio. use in enabled levels our Bank We risk to us in growth improving approach steady equity Diversified driven our we has this reduced through capital. In by risk-weighted disciplined We've and also the zero purposeful Anderson and and loan investments continued of capital acquisitions of increased deployed risk while government-guaranteed portfolio underwriting the the several part maintain capital securities. increasing Tier of our in securities Insurance. our our
million through also returned We stock $XXX to shareholders repurchases.
Huntington to XX, to discuss Turning I'd the transaction. like Slide
on entered announced we've branches all Bank. into agreement purchase Wisconsin XX December As Huntington from to an we XX,
small consumer, communities. to loans of expect we franchise XX approximately We business and of will $XXX The transaction. new million further our deposits receive acquisition enhance million Wisconsin in commercial and deposit expand $XXX the into as
are and a accretive Wisconsin is efficiency to The XX,XXX expected acquisition outlook. anticipated base XX,XXX We customer mix expect to adjusted From is deposits to to and accounts current households, comparable book. deposit EPS financial metrics perspective, and over our deposit our grow add to our the by and X%. revenue be
what cost of X% cost to to Bank to we expect XX% with deposits. use achieve cost we anticipate We expect and which savings, have a deposits, Mutual, the we similar funds higher to replace less than network will realized
receiving to we application effective a anticipate strategy the the Given but conversion our costs transactions believe and of XXXX meaningful book in pursuing stated this accretive capital expected markets incurred XXXX We've X% to first year, filed be and to it our value that efficiency. to EPS transaction our expect transaction an OCC is expected dilution previously we bank is be this will opportunity increase approval we deployment X.X% anticipate With quarter. of just with there's earnings. at where the closing, tangible consistent neutral with to our be in existing already
points transition the similarity we and Bank quarter Mutual XXXX, slightly with close markets the its came transaction. the and to improvement ourselves. adjusted that We're with to Mutual strengthened that transaction, financial Huntington our improvement. acquisition of summarize we we targets basis Slide to report out the XXX core than our that of of point results Bank want me, position a On excuse We expect our We the XXX out our deposit ratio. increased with value in - of to targeted XX, franchise. basis closing. occurring for in We had achieved the the XXXX efficiency in in simultaneously set second lay better pleased conversion
$XX Our $X million. of acquisition-related less million costs our were estimate than initial
integrate XXXX. is value it book an our expect share and today was in capitalize tangible higher from much the the efforts We be we'll replay both the than opportunity achieved likely we learnings. Mutual, learned on our our Huntington to Bank will to Finally, crossover acquisition, before as and approach per transaction and
in for the around transaction. with more confidence we're in as our the very successful Bank Our the merits the similar create Huntington rooted transaction, smaller value achieved excited to we shareholders although customers opportunity another is and deal about of Mutual see this integration. success a We and
the Finally, a in closure summarize on XXXX reflects the to our Huntington transaction outlook, and Slide of second XX, we'll the stable which economy quarter. improving assumes
our stable raise between with average $XXX acquisition-related is X% to by growth expect $XXX We including loan annual approximately transaction. Noninterest assuming income be fee-based under to ratio XXX%. Reserve X% costs additional million, in to NIM be the anticipated a improving year-over-year We Noninterest connection million, to trend, with rates is million and maintain improving Huntington and year-over-year expected anticipate to Federal loan-to-deposit revenue. some to action midyear. $XXX the expense
points. We expect to further our adjusted efficiency improve basis by ratio XXX
XX%. expect We the between tax XX% XXXX of and effective rate
volume. to stated And continue to provision and loan of capital anticipated our indications loss quality, loan we priorities. grade, Our finally, through in with deploy adjust risk other is credit to changes expect
tangible to continue X% a will CETX near-term and with least at equity target. common operate ratio We XX% levels X.X%, a
that, open questions. with So it your we'll to up
