on now slide I'm Chris. Thanks, six.
economic the in per a net quarter for losses. The X% The of from times $X.XX strong reflected a benefit driven was income common it ago was from up and quarter the start provision reserve with said, to from period. continuing over credit year net from prior the our expected share, largely operations environment. four release year the Chris improvement As by
strength a items the my other slide this generated presentation. our the first on cover driven I'll later by fee-based revenue, businesses. in Importantly, in we record quarter
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net equivalent of a prior Taxable for million billion income XXXX compared X. first the interest for slide year billion $X.XXX to quarter. to Turning $X.XXX was and and $XXX the ago quarter
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slide to on XX. Moving
compared quarter. $XXX in year for growth ago and businesses. first $XXX XX%. see fourth Compared for driven first which broad-based strength by to $XXX had investment period, placement to the to the the non-interest million the income million of in the $XXX banking across year a We quarter debt have continued reached income and period We million was fee-based XXXX Non-interest million for quarter record fees, platform. our ago increased
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Overall, quality expectations. Moving now continues credit to to XX. slide outperform
For were the XX basis charge-offs of first $XXX million loans. quarter, average or net points
was a $XX This million strong this production. the for as loan Nonperforming for our metrics net loans decline provision of economy or quarter million loans, credit outlook overall determined Our million. based period-end of XX benefit our of basis and $XXX on well $XX losses was almost as quarter. continued prior the a from points credit were
the with category basis while again XX improved quarter-over-quarter remain decrease, and delinquencies to relatively declined loans plus criticized point also XX-day flat. XX-day five the a Additionally,
our the area an their sufficient Now first of remains shareholders. capacity borrowing our provides ratio us equity with on Key's of capital us return This to X.X%. XX. of which to to ended above quarter places strength. customers with position continue X.X%, X% a slide support range targeted X to common and We to and needs Tier capital our
return with Importantly, capital shareholders capital to accordance we continue our our priorities. in to
$X.XXX Directors per quarter Board a first of Our of dividend share. approved common
the outlook, $XXX repurchased common to to million us we repurchase start quarters. slide which in $XXX of share two our with up year million. $XXX the adjusted full XX, million to in momentum stronger under our momentum commercial up for favorable loans This more for shares positive areas, strong of authorization January we've the stable, the a we also the in be the and leverage We business our PPP of provide our XXXX half Average reflecting year, impact to to our year. positive prior guidance, relatively the continued we expected growth of revenue consumer outlook. Consistent and second in are expect with deliver On reflect next leaves to announced of capacity year. operating
quarter first of the The point expected be here. with the should growth low year from
Net to continue mid-single we deposit will We income expect interest our digits base. deposits low-cost digits. to and be low single benefit should that from up up be
up to of higher income be related by core reflecting forgiveness expense interest of fee-based relatively most production-based offset to our be net digits, from continued ongoing reflecting low the excess improved Our revenue should in income will of stable, the incentives Non-interest of growth our and mid-single liquidity, rates. fees outlook. impact Non-interest the some higher deployment related PPP businesses. benefit loan should
Our continuous and stay help efforts forefront digital our and on talent to branch remain support our improvement track plans in at offerings. investments will and of consolidation ongoing the
Moving credit quality. on to
tax year. range We have guidance, guidance and of reflects outlook. in XX% the XX to year. be at our reduced now basis GAAP And to the current net This for our remains rate the is our for point which charge-off expected our the unchanged around quality XX for portfolio our
which the the bottom targets, remain Finally, shown slide unchanged. long-term are our at of
targets confident to continue of efficiency, commitments to ability drive operator which on remain risk in our the of portion we was Operator? for productivity and moderate maintaining it Q&A stakeholders. profile to call. our the to our deliver make expect by year, these I returns. will and on our will a turn our good start over With We and instructions now on progress improving Overall, back the to call that, all the our to
