EPS for of operating presentation details our non-GAAP release calculation PPNR operating Please operating We Clint. to related provided reported tangible operating was of you, while on reconciliations average return Okay. million. Thank $X.XX, the quarter earnings refer $XXX equity to at the and our metrics. $X.XX our and and was of fourth the of XX% EPS end
sheet, we maintained target balance of $X.X funding. levels wholesale delever continuing cash approximately to while the On our interest-bearing our billion
on quarter. basis, decline As commercial million had decline in than total this, securities in for lending offsetting more with $XXX commercial or the in value-driven. loans. the increased movements, we loans was $XXX the mostly million million stronger market AFS Loans relationship in an within X% annualized $XX CRE the up And
roughly while money decrease in market in million by the quarter On borrowings billion the the We more total The noninterest-bearing at and declined BTFP funding lower deposits fund in right sheet, Within balance effect at up deposits million. an we were year-end. of reduction than in Fed balances. DDA paid cost time in increase full. net $X.X borrowings, to of X% brokered start the this $XXX brought $XXX off saw at deposits, to from the year-end in side the the of was typical was reducing offset wholesale knowing costs X.X% the of
cost This in to net improvement for quarter. basis shift margin. our drove with wholesale the combined interest funding The X.XX% NIM X points active reductions promotional deposit increased the
for X.XX% deposit QX. interest-bearing Our cost declined
to Fed's of in June. to the additional basis it December half cuts of the the help second month compare of QX, the XX month Given may of points
from interest-bearing deposit Our December, high cost in was X% month X.XX%, June. down XX of the of basis points
the down and basis positioning This spot the December XX short cost of of XX% was to slightly impressive we've June. of maintain. month beta approximately as from liability-sensitive a XX importantly, the is in worked X.XX%, time points demonstrates More period
to their our for it reducing worked, the deposit work banking thank of for It bank the relationship bankers see rates. was and with support our bankers provide, with with professionals want which the great timely customers value is to not our they strategy speed of customers all on where us reflective our I and rate.
may a see at we see on seasonal decline net seasonally depending XXXX, in utilization. line continued in growth to commercial loan we ahead customer same look QX while time, deposits we As the
to today half $X.X We have quarters. in NIM the the net on negative is up in QX funding a the range range. a will effect which to compared it expect this leave else the in of result and the X.X% lower this few X.X% All to wholesale increase cost equal, billion, of should of to last over
Customer and into deposits quarter, see QX the growth in further we QX. decline less in bottoming historically seasonally usually late in before QX then so
Fed of remainder the X it NIM the on the deposit more deposit times. the will for X, X, flows noninterest-bearing As over customer or if much depend cuts than balance and XXXX,
remains And we down expect those liability-sensitive and position. projected the our Our out. deposit way in a betas to under interest rates ramp rate scenarios approximate sensitivity both on shock experienced
$X includes deck matures billion disclosure, customer wholesale slide including funding that on in details maturity and the Our over CDs over next X and enhanced repricing months.
A our provision $XX Our quarter leasing as again portfolio related quarter. was million. to to for the declined expected credit for portion $XX million loss this
loans when credit for overall the Our credit discount. allowance remaining of loss or remains X.XX% X.XX% at including total robust
was $XX to change fair QX the million income with the quarter, for value Noninterest from swings. mostly related
XX the The bond detail bond gains to market value value QX leading in changes. QX. sold fair nonoperating as opposite market rallied we in On Given out occurred fair of in off, Page we losses. the QX, had release, the the
million our resulted sale in an This by from another operating Excluding change of operating which for item on a reduction was QX. offset income of loss basis for to and $XX.X expense. comp those items, million $X.X $XX.X noninterest on compared income million light loans QX in
$XXX in I million were Ex Total reduction normalized million. operating these, for operating while compensation million will quarterly from credits the reinvestment quarter expense point middle QX, nonrecurring QX our adjustments. operating CDI to $XXX at excluding peg our expenses forward, starting Clint the GAAP annualizes which The earlier, to expense $XXX increase mentioned and expected amortization expense of in our $XXX million was for to when with $X.X million. range million our at QX annualized related $XXX $XXX which other be in the million. of plans
of expect pressures health a for these We'll payroll On work such in cycle additional X.X%, X% XXXX, reinvestment. cost, and X% as we offset efficiencies inclusive for the of increase, of to franchise to to continued enable find tax annual this, insurance merit the end QX. annual QX increase inflation the approximately help of continued and typical top always items
CDI full year, which amortization the year for should our as amount CDI ex billion in with a serve should $X forward, settle operating for QX million to And decline good expense our should be QX the our use $X.XX tax for full million. rate at And So at slightly was $XXX rate lastly, XXXX. then the XXXX $XX XX.X% amortization, expected to for in XXXX. range billion approximately
I'll position. close capital with commentary our about regulatory
at CETX XX.X%. expected in capital risk-based and increased Our as total capital QX at our XX.X% ratio risk-based with has
And We continue now build, enhanced allocation expect future with capital I'll Frank. ratios will to turn call to over the which that, to provide flexibility.
