and for today. thank you, morning, joining Thank you us Good everyone, Bill.
meaningful actions these to which the we and to noise the believe June were, These reduce undertake value. our to and The in measures of Atlantic what we We position to for Union. quarterly shareholder success would the and now building in We is expected when announced structural deposit expense was maintain this intent leverage. and while rate approximately operating There point had 'XX long-term program year first, costs due by to operates. third are action we expense future, quarter quarter our reductions for said in than the faster comments, take both earnings annual to by do ability have the operating bank taken did results measures X in and July. expense proof better address a reduction proactive that QX environment were in million rose strong implemented in demanding our willingness industry run measures order positive expected our to all announced an $XX we
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problems see monitor develop be would portfolio, this we we expect proactively don't office distributed we to the systemic that the and Should quarter, develop problems readily book concerns likely with and be manageable. they any believe currently. portfolio, in any may As years, in over last we
operating positive generating than on focused growing remain We revenue expenses. That results. our our faster quarterly to Turning leverage. is
approximately operating for increased up annualized point while are pre-provision grew the noninterest adjusted generated X.X%. quarter, highlights of financial few Rob deposits that up adjusted earnings momentarily. a operating which will and basis, adjusted I'd year-over-year. third increased a detail are we as operating On XX.X% to adjusted approximately approximately out positive was X.X% also expenses revenue growth pretax X.X% X.X% Here like Total X.X%, leverage the quarter for year-over-year year-to-date.
rate, balances over deposits in of deposits largely percentage commercial of as year. loan Given from saw growth growth we and points The our rolled Loan industrial at commercial estate loans. across customer led was the in but linked expect X.X off, annualized year-to-date good the deposit were in growth pace was of line posted time, quarter. by during decline at third a We the growth. second growth the deposits prior down this are digits loan mid-single growth noninterest-bearing quarter. and deposits, XX% to end be the quarter should commercial Construction CDs. Banking decreasing the year, total annualized. performance we X.X% quarter X.X% noninterest-bearing interest-bearing than up projects which the Year-to-date of for a higher still in real quarter for growth continued remixing were Quarter to loan
are holding ago remain are healthy. Our and pipelines well, from slightly a elevated year pretty up
our XXXX. mid-single-digit the at to of Given guidance we be performance end our growth expect year-to-date for loan in this time, upper
quarter. economic the declined this remain utilization rest third in C&I real from quarter footprint change, down prior XXXX. and second outlook we payoffs year-over-year line our was up expect growth flat slightly to could demand While the the of from Commercial and with a but relatively estate for year's quarter, quarter. mode borrower were prior the in
was point down story annualized basis the as to second we basis points good net in quarter. charge-offs of a quarter, Turning recorded X for third X the credit. That from
have inflection point quality metrics, any sign see benign. asset to remain yet which a our in We of systemic
sum, normalization charge-offs, are a we thought run of confident long expect the point While a net quarter pleased asset we Atlantic In continue and asset in with sound minimal our for fundamentally following remain at was Union. some and this to quality. strong quality we
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on well and month As opportunity Bank marked are to essential to to National year. uniquely even the franchise I'd we year stable they traditional of soon usual, and to addition family, full-service this is footing, a a uncertainty relationships with is valuable great a Union and company. to Union at we evolution on. a so American deep in teammates comes anniversary more our a role with with remain expect of Atlantic markets. the seventh that should like opportunity, take bank the strong to solid and the capitalize Atlantic have be my Last brand It we the in diversified believe thank finish played which attractive client this AUV good Bank, positioned resilient
the said results responded environment look what the Rob? back, we I financial we consistent turn also changing Rob is over I remained our and to has now strategy do. for working. done evolved the cover As say I'll that while to to would have call overall, our can has we and And quarter.
