Reports Q1 Net charge-offs $2.6M vs. $4.5M last year, and credit losses $4.2M vs. $3.9M last year. “Our Q1 financial results were solid and continue to trend favorably. Through our balance sheet optimization and strong focus on meeting the needs of our customers, we were successful in continuing to meaningfully grow net interest income and net interest margin. Our asset quality has improved further with a decline in net charge-offs and continued low levels of non-performing assets. With our strong capital, liquidity and credit positions, we believe we are well positioned to navigate the current operating environment,” said Arnold Martines, Chairman, President and CEO.
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