Profitability and Revenue Growth
Net income of $65.6 million, representing an 18% growth from the same quarter last year, with a return on average assets of 1.47% and a return on common equity of 14.9%.
Loan Pipeline Increase
Loan pipeline increased by over 10% in October compared to September and is 40% higher than a year ago.
Margin Expansion
Normalized net interest income was $137.8 million, with a net interest margin of 3.19%, which is $8.4 million higher than the previous quarter.
All Markets Profitable
For the first time, all markets are profitable, which is a notable achievement for the company.