everyone. you, morning, Thank Marty. Good
year during and raise reflect our the team actions recent while continued strategic results securities last accomplished. capital months the the the restructuring on, solidly. what proud quarter business fourth full perform XXXX challenges and we expected, executed XX faced the to financial Considering of we the As core I'm
least efficiency standpoint, a on basis ratio the targeting by our expectations From points. bit market out metrics. below year the of our our XXXX of around expectations and balance providing return I'd an laying sheet color least of for equity like assets some profitability full Return more on at XX.XX% at dynamics XXXX, average composition, are how on to and start local these inform average XX%. a XXX historical performance, we
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maturities low expected of come production and Continued XXXX well of from renewals a and as deposits. margin in combination largely deposit time is in to lift to the as of downward remaining due quarters mix pricing
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portfolio addressing concentrations commercial of [indiscernible] SOFR XX% all retail, in the off public prime with repricing successful priced across higher-cost is majority our loan approximately and sectors. While the deposit in and floating, deposit indices, was of
In X%. X% are of we between growth and of single-digit growth, terms expecting loan low
to We the this the about year. chips future. of led mid-single-digit as we our the manufacturing of quarter and operating size more as proposed of of have have business given have estimates timing healthier uncertainty fourth conservative our are performance policy returning in chosen the for impacts changes Washington to rate on Increased from investments loan but growth pipeline, costs not discounting supply take labor modeling. some approach XXXX of our the expected our the a a total to in us the will and to possibility competition, conservative be well
growth with XXXX driving Commercial billion cash also seek contributing. redeploy business total $X.X flow we with projecting XX the portfolios mid-single-digit currently in I expected in to will are the over and from expansion lending all be C&I credit force loan Cree, which the the of to and like months lending. the to combined, is towards securities disciplined we note next that banking portfolio would rate
are remain year. and loans Residential flat expected consumer indirect to portfolios fairly the through
balances the by an relatively high away to runoff. we notable to Competition year believe down residential have rates indirect quarters in the side, anticipated very is we're is Consumer while from refinancing space. be come interest still On production expected expected end several this matched somewhat, flat. And activity. are
balances the in quarter of categories. offsetting that in BaaS-related for bit production of year, but the the Runoff growth loan slower expect the in we anticipated may to the year. somewhat demand, middle Deposit is a first to to typically other shift outflows, year, flat of continue with seasonality remain outpace which deposit due the partially expected are to
Our with but prepared around supplement deposit are in below as needed nonpublic levels well to we've that growth, and marketing borrowings and carried focused we're core short-term the broker deposits past. [indiscernible]
to XXXX. projecting in are million $XX of $X.X noninterest million quarterly We income
million quarter Excluding of impairment like primarily created discrete for other sale to difficult And to by what noise is losses period. the million well of noninterest in Investment limited predict, compared be XXXX categories and as restructuring Advisory credits ago contributor which comes on quarter are recurring investment year as such year million revenue $X.X full income.
Fourth our and and this $X.X at income capital. that all career third the us we as the on results. in in impacted key to partnership events the for income was income, noninterest insurance the from looking additional tax noninterest a securities, consider quarter for $X.X subsidiary,
wealth hired we already changes. a brought down saw linked some new in our to X during revenues We we by managed organizational Assets experienced. due the outflow subsidiary quarter, the however, were the business, quarter has than offsets with recently which that advisers basis management associated on of team departure a more
quarter per versus are enhancements XXXX. believe This revenue million will We represents XXXX. a expect in change perspective, we management both as X% well support including service in headcount. performance, as Included as $XX noninterest initiatives expense incremental effective software treasury annual that core in in-process for prioritized capability, expenses facilitate a operating of approximately to increase our enhanced to this and such efficiency, management from expenses
We and efficiency performance, including to technology people, as expenses manage want of and $X.X was primary lump a plan during as all in the believe The in our do sum effectively be triggered this to withdrawals settlement the that charge quarter a even invest even sub-XX% fourth I of our growth processes we'll expenses. pension support ratio. to was able fourth address driver million XXXX we quarter the result year. of accounting a future
XXXX lump opportunity at took in scale future targets XXXX. We we and sum and to level. remove several in not be years, size plan expected forward. advantage distribution may terminated had This settlement of the see And of our in fourth to amended will threshold participants of curve they're pension the going plan vested the reduce the ultimately this a while
increase factored in than was computer data of the million FDIC quarter result million fourth in quarter expense loss. about a assessment about third related processing $X.X increase the rate to our assessment of the I securities given the higher mentioned of $X.X and which expense ongoing initiatives into some The as are an guidance. XXXX
also expense reason, FDIC our this is to this XXXX, through in remain the a reflected quarter, lesser degree For than though is expected elevated guidance. in to recent and
years. the expected The tax investments tax rate XXXX amortization service including XX% in be of recent of effective in credit XX%, and is between placed impact to
We of charge-offs between of basis XX average XX to are budgeting full net loans. year points
of each have are with year. lower in the been our this, the While start X outlook years we our conservative experience being of last at than the
first Overall, our in focused performance foremost. are on targets XXXX profitability and
growth. on not simply focused We are
focused are profitable on We growth.
not expense on are just focused management. We
and generation revenue incremental support in that investments efficiency how prioritizing are We we operate.
my and quarter, those With the positioned of I'll execute are in that the concludes to in call well And Marty. remarks. recent very success restructuring -- capital XXXX. to back objectives on the raise turn the we now prepared
