Strong Earnings Performance
Earnings per share increased by 30% from the previous year, and the company generated a return on tangible equity of 20%.
Loan Production and Growth
Loan production increased to nearly $3.4 billion with a 67% rise in Texas and Colorado since the first quarter. Overall moderate growth in both loans and deposits was observed.
Improved Net Interest Income
Net interest income of $600 million was up by $22 million over Q2, driven by a 4.06% tax equivalent margin.
Noninterest Income Growth
Noninterest income increased to $99 million, driven by strong performance in the Capital Markets division and deposit fees.