Strong Earnings and EPS
Reported earnings of $140 million or EPS of $2.19 per diluted share for the second quarter, indicating strong financial performance.
Loan Growth Momentum
Total outstanding loans grew 2.5% quarter-over-quarter, with expectations for continued growth in the future.
Fee Income Increase
Fee income increased by 7.2% sequentially, with broad-based growth across fee income businesses.
Net Interest Income Growth
Net interest income grew for the fifth consecutive quarter, with margin expansion continuing.
Robust Capital Levels
Strong capital levels with TCE reaching 9.6% and CET1 reaching 13.6%.
Record Revenue in Multiple Business Segments
Fiduciary and asset management, transaction card, and deposit service charges posted record revenues.
Positive Outlook for Mortgage Finance Business
Launch of new mortgage finance line with strong expected growth, supported by an experienced team and solid pipeline.
Excellent Credit Quality
Credit quality remains excellent with minimal net charge-offs and a well-reserved credit allowance.