of million start the $X.XX. $X adjusted per I'll GAAP of net component of on income of our and and John, holders income share onetime diluted and million estimated adjustments of earnings the diluted morning, we million We first closing tax largest Slide common Thanks, million. of $X.XX. GAAP good the assessment EPS to in to was net Ametros FDIC quarter. costs. common addition X On adjustment special million shareholders The earnings everyone. with A $XX $XX an in for of reported adjusted $XXX and with basis, reported to $XXX
addition, loss the this will sterling-related case. be more this that quarter, charges were by a .
It merger is than MSR notable was In continue to offset and sale. securities repositioning there an no
the beginning at up review assets X. were end, $XX billion Slide sheet I'll period billion Total on fourth quarter. Next, balance the trends, $X.X from
million gain relative to $XXX balances in the by of market and cash quarter. this of reinvestment $XXX yield our opportunities million on were flows driven portfolio via to X.XX% increased to commercial $XXX quarter up reflective million, executed security were of quarter. and up restructuring fourth categories combination linked Our The basis points growth, share. the Loans XX
in and broker we While grew total core was which CDs retail million, decline flat, billion offset $XXX by deposits $X.X a were deposits deposits.
our and as and billion quarter, noted, segment XX.X%, in Bank equity remain on can was The deposits. than as aligned range was have this we liquidity we the HSA for XX% both see acquisition. primarily common the them Capital The that for loan-to-deposit we HSA historically. the John on providing presentation the while next have the operate purposes few where expect ratio to still As Bank we same over slide, of in you data use and X.XX%, result $X brokered X increased given was Borrowings Tier tangible common ratio ratio decline strong. a prior quarters. Ametros purposes, of levels managed equity lower Ametros
and capital million common In on would share, a and quarter X.X% annually. $XXX impact million anticipate security $XXX on of increase reflecting highlighted up a held sale. basis. for million in losses. decreased a unrealized AFS of Ametros value per Tangible to $XXX In the or loans small rate accrete loans book back steady Loan finance the X. payroll acquisition Slide to of security into reclassified were the We factoring environment, we trends interest roughly $XX.XX are total, linked losses
was asset real lower been X.X% categories. quarter sale by real to had estate, future. we in multifamily million estate near execute annually. to where the classes, expect reclassification, on We would including general add approximately X% have in and Without commercial closer or the loan the in million and opportunities new to driven risk $XXX Growth growth relationships the $XXX linked commercial
our XX% on The grew flat this deposits additional quarter higher prior the yield We was end. a mix loans core We at deposits $X.X offsetting quarter. portfolio loans loan and provide were quarter million result X. yields. to as shift billion total CDs, retail of relative on a in on and Slide detail Floating $XXX of periodic origination the
on brokered The financial net strength was When [ our the we of our growth, care low-cost, base. core deposits. deposits basis. transactional health of deposits Given services effectively and flat compromise XX% deposit reduced long-duration deposit quarter ] a linked effect combined,
specific prior relative Our client of transaction accounts, quarter. by to $XXX to with driven were X/X other money clients moving excess DDA was cash million balances market decline activity. to X/X down balances the the the related higher-yielding
of Our deposits basis as just cost total basis deposit pace to X continues points to this quarter slow. repricing XXX the points was up of
Increases was For the month portfolio. points. of our higher-yielding for of well as cost opting XXX March, CD renewals results clients the were the products in deposit as basis
Our cumulative XX%. now cycle-to-date total beta deposit is
the forward incorporate environment. expect and reach impact On a a which cycle-to-date to continued deposit Slide lag as second of assumptions XX, rolled quarter, XX% during rate repricing our to we beta beta we result our higher
noninterest XX. higher result to Adjusted income adjusted our million Net earning the We quarter. down Slide prior the increased statement day adjusted interest funding were million net costs and $XX relative prior income was period. was asset lower the up income and to partially $XX by of for million. to Moving up expenses higher adjusted down million, compared quarter. provision income to our reported count, was $X Overall, million. $X.X prior from This Adjusted offset yields. a earnings was highlight $XX
this tax up in XX.X% Excluding rate quarter, from the quarter. adjustments, our fourth was XX.X%
XX%. Our efficiency ratio was
million On The which decline. X.X% contributed last as count. basis quarter. Slide the We in and down of related income, funding result $XX yields. versus XX, million margin Interest net points margin quarter we The highlight modestly $X also which decline to net increased declined points was lower cost recognized interest net hedges this partially quarter. X offset asset costs, were linked a $X basis interest million interest was or XXX to to rate by day higher
higher As below was spread meet grow to risk our John our criteria. environment macro highlighted, as assets expectations the made that NIM it challenging
flat earning loan points. basis on quarter, prior yields up yield basis portfolio the increased securities Our with assets points over XX and X
up by we X noted, in the improve in XX to securities repositioned the of million were just deposit was yield our will liability previously of repricing moderate This quarter. points points. continues As and Pace quarter. X securities first basis $XXX total costs basis basis points, up second
hedging our on sensitivity. on Slide bank's of program We the provided presentation which supplement XX this have detail in asset the reviews
and Bank segment on million the the events, up XX, increase adjusted was $XX increases increase $X swing noninterest HSA the income, highlight growth by of in $X $XX Services The was other prior and our quarter million was Ametros. which BOLI basis. an deposit driven valuation million seasonal a versus to the were by in Healthcare with Slide commercial we On of An of Financial addition noncash million fees. drivers in the million due loan credit to attributed $X additional adjustment. related to remaining driven
growth Ametros million, million favorable merit services and We $X is were came and healthcare intangibles operating from $X million performance-based and and prior expense and up Bank. XX. reported annual $XXX Noninterest costs, by seasonal $XX expense increases million in the on due increase quarter. expenses incentives. from driven at accounted Slide $XX financial seasonality of Remaining benefit adjusted of million to related tax expenses to the with and HSA
components our factors a to million to was quarter. which Slide credit million up After million which was allowance $X attributable attributable watch, loan we and growth. prior Of of $XX credit to charge-offs, for XX provision. and in was details losses, incurred net $XX of $XX loan million relative macro recording
a loans As result, XXX quarter. basis from last increased allowance XXX to points our coverage points to basis
key quality Slide asset XX our highlights metrics.
percent upper the with as commercial total left, $XX assets million nonperforming points Commercial XX loans. now loans representing increased basis to prior On quarter classified a of loans nonperforming relative of concentrated as basis XXX points Classified absolute classified industries. basis diverse was C&I million basis. loans increased loans $XXX by points from increase an XXX portfolio on in to across loan increased
Our basis, loan last totaled pre-pandemic level. points well upper remained level. on with $XX or right XX annualized ratio consistent average an classified Webster's below Net basis charge-offs loans million of the quarter's on
internal maintained we levels strong All at targets. or XX, remain our Slide levels. On capital capital above
and Tier was equity ratio common ratio equity X common Our tangible XX.X%, X.X%. our was
$XX.XX closed in my Slide expenses. XXXX. and value for was impact Our and share. our a XX impacts interest up fees I'll wrap the which tangible deposits, income, includes outlook outlook book with Ametros, comments on The January of directly
X% Growth to by end of guide. will C&I tilt the driven commercial to relative loans expect of grow business to towards our with the CRE year for lower a our We around continue more prior full be categories. to
in growth the X% deposit X% our reiterating to range. are We
for deposits. Ametros bank commercial retail the deposits, deposits, in Growth Interlink, corporate relationship and
on low income end interest net expect We billion prior guide. basis, our non-FTE which of the is roughly at of $X.X a
an For net the million those modeling through basis, interest income $XX on FTE I would add roughly outlook.
to billion. one Our range the billion be in other $X.XXX to be Adjusted decreases net range assumes of and $XXX income Noninterest September $XXX the with to income interest million forecasted $X.X continue December. to Fed to funds in X million. continues expenses of the rate, in the in
Our range. efficiency ratio mid-XX% to be is the low expected in to
will remain We expect an of XX%. of capital. effective course, tax we And prudent rate of managers
long-term Our XX.X%. equity X remains at Tier ratio Common
for closing to over back With remarks. that, John turn it I'll
