merger same quarter earnings quarter XX.X% the of $X.X $X.XX share earnings the in last from were increase were million period or in XXX.X% you second Steve our second the of of XXXX $XX.X earnings for compared quarter income Thank yesterday, press to reported of an second XXXX. year. right-sizing per net an our million Diluted million Included and in $XX.X $X.XX net In issued same quarter release conference call. and the after-tax we increase branch to costs. welcome or related
from period Diluted the XXXX. in in earnings were Company's million of $XX.X XXXX. the period quarter the or of the million share of were same compared same or items, second of an increase these core $X.XX Excluding core XXX.X% to earnings for impact $X.XX per the an XXXX $XX.X increase XX.X%
the was $XXX million of from last billion end at the $XX.X Our quarter. increase quarter loan balance of an
loans, commercial in our liquidating our real-estate included $XX in a increase quarter, $XX million decrease agricultural million million lending increases increase portfolios seasonal the increase indirect and other million $XXX in $XX $XXX in loans portfolio increase of During in and loans, loans, finance. million consumer
close loans loan which On million was consolidated the $XXX the Our and to our XX.X% at define of and was of of basis, CRE quarter. and quarter. end at concentration ready loans pipeline the end we a as construction our XXX.X% approved concentration was loans of development the
for Accretion Nashville, during Louis The St. City Our to income good the our from Dallas same $X.X net than original growth quarter. increase XXXX interest Northwest of and in compared million second estimates flows the in quarter $XX.X cash $X.X Fort during accretion Worth, the for XXXX projections, quarter The accretion loans of million cash acquired a XX.X% accelerated approximately loans. of to million Based due was we flow our more year. from loan was the income approximately all quarter the period quarter last million. expect $XXX.X experienced income on Denver, last acquired total year. Oklahoma the markets second Company's million Arkansas, same was $XX
The at sub-debt a prepayment had five impact timing additional Our which accretion X.XX% interest basis X.XX% quarter of second the net on core compared end previous quarter the quarter. impact. of the our issuance basis X.XX% quarter to margin excludes The net for for The interest X.XX% the quarter was Company's had to of an quarter. margin existing five first points compared points second previous margin. the subject
We increases loan rate XX%. was quarter, $XXX.X year expect year long-term in increase increased June to driven Fed deposits is Reserve was prior of XX% continue basis the from on XXth Funds last the Total recent Federal last of the deposits increased XX and do quarter. of deposit points. focus to Company's $X.X beta and growth. deposit basis acquisitions $XX funding to from billion and last core related by last Board from were pressure of quarter billion bearing rate the billion interest the this increase cost deposit Costs XX $XXX the increase. have and million at points We Fed Since target over internal costs our quarter last from the hikes. by beta experienced growth an million $X.X over
rate XXXX, and has Fed period by basis loan March deposit target The increased Company's the was to of points. that during core time. back Looking XX% beta XX% was beta XXX
non-interest core the increase the for non-interest Incremental our million of are quarter phase expense for in non-interest of period $XX.X quarter was million the $X.X the the income $XX in of year. other over result million. Our was while XXXX the acquisitions. fourth same all for an in increases same Non-interest We service quarter income, expense $XX million expense for our increases trust quarter the and XXXX was last acquisitions over quarter an categories in XXXX. due to had charges
is quarterly Our expense non-interest run-rate target $XX million. approximately
sale. was is a million $XX.X the gross At tax quarter in Income largely Our for the efficiency June closed equity to credit the quarter for tax up related held loans benefit million for of legacy a for due million made mark This additional loans quarter million assets coverage million other loan $XX.X lower second was was the XX, allowance first in primarily non-performing second slightly ratio million, $XX.X million an $XX.X the losses $X.X from of $X.X decrease total coverage. At acquired balance for branches end total $XXX.X This non-performing accounting of XXXX, with and loan of ratio is the to the compensation. for for bank to loans. discrete $XX.X in allowance XX.X%. which real-estate X.X% million with expense quarter. were includes The tax of discount loans. of equates owned,
During the annualized charge our loans points. second total offs XX quarter, basis net were
annualized offs, that legacy the pleased we efficient was in loan to totals during for the which Bank as migration turning offs with fourth our conversion loan are completed more growth our expand creating charge card and Excluding successfully XX and to of basis million, product an the previous increase markets. includes of May a we guidance. all net SMB to points. into stronger and new quarter consistent an strong loans about organization the is which quarter the were of I'm credit our XXXX, excited loss charge announced Provision due during increased $X lines we focus to
billion. stockholders' $X.X remains the position quarter capital was Our At common very end, strong. equity
of an Our from book was $XX.XX, value last the year. period XX.X% same increase per share
of offering of our value in book XXXX. amount $XX.XX, the share tangible per announced In principal of due million aggregate was increase from same X.X% of period an Our $XXX we last March, notes subordinated year.
million As the in outstanding we of $XX quarter. $XXX June third million off paid pay XXth we will another indebtedness of have and
six approximately to due related parent paying to common growth debt company tangible reduced quarter off end. $XXX basis million the time the points at Asset in debt, offering in equity subordinated
the determine before needs the close customers. of XX at including continuously plan the network During many We our locations meeting to and branch look making branch September, to of evaluate locations. that considerations economic branches. we our market gross to We our factors decisions are close
Our and locations mortar customer serve the need. important brick
our digital to advantage of provide. the that convenience customers our However, channels of take continue we
our channels We will innovative the continue needs and to ever invest to in meet forward new customers. changing to look of
comments. have [million] million July basis. will million in by cap, Amendment fees in to now pre-tax on less as and rate the $X prepared card the As our in reminder, a a established interchange Durbin we we surpassed concludes XXXX the receive X, total that We beginning estimate $XX XXXX. assets debit (Ph), This less subject retain approximately $XX XXXX
take open the We research and will I to from ask instructions will call review questions our for investors. the now operator institutional and analysts please the questions.