- Allowance for credit loss was 160 basis points with an annualized net charge-off rate of 52 basis points.
- Approximately 604,000 shares were repurchased in the quarter at an average price of $74.49, totaling almost 1.9 million shares year-to-date.
- Liquidity remains strong with nearly $2.7 billion available, higher than last year.
- Loans and leases increased compared to last year, with commercial finance loan yields at 9.55% in the quarter versus 8.24% in the prior quarter.
- Net interest margin in the quarter was 7.43% and adjusted net interest margin was 5.98%, both expanded from last year's quarter.
- Noninterest income grew 11% from the prior year, driven by tax solutions, secondary market revenue, and card and deposit fees.
- Nonperforming loans increased due to three specific loans, including one related to fraud but well collateralized.
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