Net Interest Margin Expansion
Net interest margin expanded to a robust 3.93%, up 5 basis points from the previous quarter.
Strong Earnings Performance
Reported EPS of $0.91 and net income of $35 million, with ROA at 1.42%, up 10 basis points from Q2.
Solid Deposit Mix
Noninterest-bearing deposits represented 28% of total deposits, contributing to net interest income growth.
CRE Loan Growth
Total loan balances grew by $47 million, or 2.3% annually, driven by $133 million in CRE activities.
Tangible Book Value Growth
Tangible book value increased by more than 3% in the quarter, supporting robust capital levels.