Significant Year-over-Year Earnings Increase
Earnings per share increased to $0.94, a 68% year-over-year rise, with net income excluding merger expenses reaching $90 million.
Fee Income Growth
Year-over-year fee income growth of 52%, driven by organic growth across various business sectors.
Improved Efficiency Ratio
Efficiency ratio improved by 10 percentage points year-over-year to 55%, attributed to expense synergies from the Premier acquisition.
Strong Customer Satisfaction
Customer satisfaction scores are in the upper 80 percentile, surpassing industry averages, reflecting successful integration strategies.
Deposit Growth
Total deposits increased by $570 million year-over-year and $130 million sequentially, driven by core deposit categories.
Commercial Loan Pipeline
The commercial loan pipeline stood at approximately $1.5 billion, with significant contributions from new markets and loan production offices.