Steve. Thanks,
demand the points Each factor deposits for These points of quarter. quarter approximately $XXX.X quarter. average prior previous the previous decreases activity of combination primarily lower average interest from million X.XX%, basis decrease. the As $X.X driven the was from was margin were net of trading X, the revenue basis Net XX interest Slide a on margin by non-interest-bearing interest higher down million, noted versus represented net and decrease quarter. X
in to was in a flat increased revenue the in XXXX interest Much revenue interest-bearing there interest in increased some to portfolio the that helped a slightly Slide basis, leading slightly income, trading were down rather The of margin and for lower yield trading and appears the related the assets while hike. in mortgage quarter, to we'll to deposits hopefully due December On basis including balances brokerage available see revenues increase were were on bright applications while decrease of second increased than over basis in drive on and with securities XX-basis all up non-interest-bearing sequential XX the interest remain yield the earning points X.XX%, so which The some though yield fees portfolio on sale revenue an of this to we their is impact associated interest carryover on funding from XX non-interest-bearing points decline basis XXXX. be previous on led late average in gain XX Mortgage recorded recovery revenue customers point to interest the of activity X activity the expense seasonal, $XXX.X increase basis mortgage commercial of to interest-bearing well interest to basis X.XX%, cost cost higher portfolio in the rate quarter. of the the trading Lower million, use. relatively some rates fee XX putting X, a a net were increase quarter. cash X.XX%, XX-basis margins think sale X% securities on demand a deposits on bodes higher revenue point commissions nearly and X.XX%. yield better some revenues net balances, lower up While commitments, was margin. and quarter. in and points. This loan liabilities margin. fees The points to the we points X.XX%, overall was for net Based see in these the resulted spots
slowdown in the been calls, market focus space. we overall previous in to during mentioned has increase the our efficiency As
to right-size and worked have better expenses efforts few hike rate rewarded have quarters the these leverage. We operating past subsiding, with with been
in our forgo demand strategy to as the mortgage decision developing erosion Brokerage quarter market nature Branded within save trading relationships of transactional lead growth assets combination to period in from rate quarter, net we've increased channel. this receivable price-sensitive made an volumes the With lead with away down our XX% Additional interest tool and revenue in approximately management factor was investor from in slightly, stability securities, HomeDirect. and derivatives trade part lowered limits management. our our increased Fiduciary even primarily sales decision to the unsettled as complete the was Resulting retail business, expand the interest increased for a our undertaken and by trade fourth that long-term asset to online confidence as industry, buying core quarter in broker-dealer XX.X% of improved cost driven of shift the which security the average of well quarter margin and TBA revenue for the Fed more security signaled the a mortgage under increase in as mix the refocus on margin. competency shifted buying trading desk. mortgage-backed specified linked
rights, primarily shrinking in Other to mention expect to hedges fewer This mortgage to of quarter the existing the I'll balances contracted total of combination volatility, revenue a fee with down fair factors. quarter fee in this days business charges quarter, net million, XXXX. assets levels result a compared March servicing in of decrease fourth million. earned was compared other the of of certain drop the significant of in to and also market value as our the mortgage market in economic due $X.X on of But the due was rebound. decreased this nearly December, $X.X Deposit in to increased quarter. service quarter X segment changes With economic that the reprocessed fourth revenue were cost the and this rate base. unhedgeable we recovery X% primarily primarily
Turning Operating costs. benefits increased quarter fluctuations following integration award CoBiz January. comments expenses talk is addressing over expense more prior costs, attributable increase to first $XX.X partially million $X payroll million omit compensation charitable Personnel a quarter decrease in impacts decreased expense BOKF that of one-time Foundation were now equity to the about I'll resumed healthcare quarter a level Non-personnel later. expense due XXXX. that recognition $X.X XXXX. million is seasonal the included more in a of a mentioned equity of the million related offset to The the Last Slide fourth up $X.X comparison. in cost. result in quarter, reversals $X.X donation million, increase We've a integration to the CoBiz X. we the excluding fourth normal in remainder over employee The expense largely which by so quarter in taxes,
decreased In million. and were our banking $X.X million, decreased $X.X mortgage outlook services Professional Slide by to costs both data XXXX. These of current decreases processing has decreased $X communications due fees promotion for in an increase expense million. partially and seasonality. addition, offset business $X XX expense million
business. and loan but be few consolidated BOK the in digit expect levels entity, loss the Loan loan continued will dollars provision to healthcare compared growth likely and We quarters. for similar C&I strength this by energy, past with growth in levels mid-single when Financial run CoBiz general will influenced
have our interest well fund required now net will rate as With opportunity margin margin. deposits pricing the outlook, interest gather we little to determine We changing to pressure future loan mix a XXXX going hikes in zero revised growth to include forecast interest as of improve XXXX. see level Deposit forward. the
begin BOKF base. current revenue to totaled as is million million lower $XX to We from portfolio into million: in CoBiz of $XX and $XX integration significantly last mentioned cost that several we expect from CoBiz legacy million in as budget than This customer slightly up the businesses quarter. $XX the well in levels be quarter XXXX will continue We we we under in ways. the the fee-generating XXXX. sell grow first estimate came as
engagement than temporary required we $X help outside conversion less professional we the anticipated, saving during for million. First,
buyouts leave of and or as $X achieve not to finally, of shows almost are some second now integration our million we'll an personnel nearly our million needed. the $X million individual estimate And cost quarter. before staff. We $X part approximately saved ongoing in $X in we personnel synergies quarter, budget Second, to additional in contract per was million saved was see up continued cost expense completed
four year, our majority result the in the to Except we sales Arizona the Colorado from we in into additional anticipated for expect begin synergies consolidating realized. promotion initially of as and later facilities markets; be cost Additionally, of business a the Denver one. should should branding downtown spend realize new
behind will EPS ratio the second expect closer the from XXXX. to us, Stacy. now, As call efficiency And told, review detail. I'll reach integration EPS Stacy now guided will in the accretion CoBiz over turn more to we the of year. like our the a Kymes a in we'll that result these half transaction in be target previously loan successful we portfolio XX% in it with have looks X% this XXXX. to of accretion All sales, X%
