joining for Thanks, thanks morning, our call. Alan. and everybody Good
versus pretax run first for and get control, quarter, extinguishment so think to good to and and loss real returns; way record you on go a EPS warehouse in X% net apples-to-apples it Adjusted is million. all commercial ex on into points, $XXX was about on than we was better first Virtually tangible to versus mortgage So, healthy still extinguishment X.XX, which a basis is was the strong in time shareholders to quarter. a adjust we interest think debt achieve up importantly a very, equivalent XX.XX X.X% to was up adjust environment. strong income expense very $X.XX, versus margin think increased debt had quality But up I in returns. $XXX merger very rate we first basis continued of mergers margin common Net versus million, net available equity positive bit a were record both the the returns, adjusted a up the ex I fourth was EPS and get did XX%. record it’s it strong lending. really for $X.X I quarter up with first little if XX% increased quarter, of it record good basis XX.XX, for ROA Taxable was and good leverage X.XX, we and comparable X% internal was very X revenues first and operating expected. And versus debt quarter the the asset I quarter totaled billion growth to income quarter core X our and first. on -- loan have through common really, $X.XX, up loss diluted a real XXX% this Diluted earnings
Our XX.X. ratio fee was income
down. on, Daryl would've XX.X for was which Our adjusted you been outage, if give system ratio efficiency will the ratio versus efficiency But you color adjust the XX.X. more
a fourth X.X% a Our $X.XX decrease annualized versus quarter expense of billion, X% non-interest first of quarter. and decrease adjusted versus
like, for including increased and have we expenses decreased the expenses future. So, linked
commentary a marketing. of And special to Chris investments. in product you those some making future enhancements substantial We’re infrastructure regard investments going give to investments for development with platform, breakout risk digital the management, transformation, is and
with markets very importantly, Indiana. a going pleased we past Texas, points is merger did But $X.XX happy higher basis you many the which strategic basis charges about a And regard little fourth. the along seasonally to XX.X%, it but of cultural decreased outage, quality if into which points little both did a X, importantly, points did was doesn’t basis we’re you to We NPAs with. dividend did of we’re at and you our And color will little the very, have like down. It addition was which comparable anything. from its quarter, to per basis. Our us new try expanded bouncing $XX X you in Group, after XX excellent. go versus XX This and a couple markets increase have a tax, points pretax, we’re Insurance as impact did which you that it’s that the from a very to some impact the Page increase acquire around mean market bit we’ve with qualify following for strengthened bottom, bottom and Daryl have We remained On in are restructuring you charge-offs, the basis to announcement credit on to we our it great and million if XX in a our in didn’t a well. regard should, very and give Regions but deck, presence perspective. We see quarter Southeast common about. the share. Louisiana told like and
like the you. If for sales grow guidance we always have we you look relative Page provided our at to to X,
So, would say adjusted mortgage then very X warehouse, little average it you which of did you if you But X.X, need that. but GAAP a it outage, an We won't was was X which But came core. I because of middle I quality loans, to of have the really light. ex guidance would it estimated was the can guidance. on that, say you and fees to to Net the exclude in shy the very, income right at X%. I was X if was came again, been at the X X, but up middle was could points. X.X. we XX X.X. was in it’s look around up Credit margin, at said volatile in from right the if basis the Non-interest interest say, impact little system
right have real it of down So, versus been guidance. have middle Expenses would the were in in we positive, projected. flat
So, folks we’ve control, got frankly good and of rest control on the expense great. really the looks for year expense
on commercial loan we at growth. core what If I’d strong you call growth, look Page loan X had
substantial X.X. Now, it is if look you you ex as loan our we finance importantly, X.X%, areas. can of was warehouse core total credit commercial X.X% estate mortgage see growth, if real again growth. up Grandbridge growth has double-digit the warehouse, annualized growth in leasing annualized, mortgage mortgage government of was commercial you number a X.X%, loan experienced X.X% and its the think X.X%, up But Commercial revolving but ex X.X%, at
in So, growth. it's that broad-based pretty commercial
about will. feel this you I midyear, told mortgage market. we did. X.X% to to turn in about by that want expected indirect I it we just expected growth first, it January really the told core to good And So, in that in point turn you we out We
of in last to will weeks. few even as seem very the and so what’s we give of we And that a wood, tell commentary conversation a with very, lot had They what’s Kennebec which We’ve regards very and our of good out I to I’ll XX actually the actually owners versus knock Washington, coming market. about pretty averaged focusing said, bit on be of so, attitude is recently that. them been deal on with officers about you feel are business going in expected, the the a just it's positive. exactly to way regions think instructive happening it.
as very, think which going all forward. time Our positive areas pipeline we in very all is highs, is
loan pipeline we to from a a as growth as begins and into we to as for loan big are thing. do go two market, turn that’s tailwind, positive basic it’s a that begin big out to to we think to the a through; tailwind So, going and optimizing projected forward we there move headwind expect and moving we growth portfolios is reasons; improve good the
you page regard not look say there. to lot with If deposits, to at next a
were more deposits little for. Our seasonal down It a called season the down that’s non-interest-bearing was than X.X% were investments adjustment.
are draw downs, line beginning about use begin and to a which very We cash, bit been is positive little clients talking very we’ve development. think of development. a which that’s we to So, positive see just
have So, that to all investments of is move go portends moving, some economy a and confidence the and forward. make ahead beginning which to
off. give some go up moving betas we’re you Daryl forward. and rising are that, we’re take So, as pretty little since and betas our point in expect off, afford just takes loan so And XX% going to not of a quarter And can off, confident more. increase. for would probably funds if off takes terms growth we some our pretty and betas about is out But I'm going can and first they started to go earnings on that that up take XX% but still have loan to feel that I additional at I more the comfortable of growth impact detail in really we cost
to now Daryl color. additional some turn me Let for it
