Strong Operating Earnings Growth
Operating earnings per share for the quarter was $0.66, an increase of 14% year-over-year.
Net Interest Margin Expansion
Net interest margin expanded to 350 basis points, an improvement of 14 basis points over the last quarter.
Controlled Expense Growth
Efficiency ratio improved to 54.8%, an improvement of 222 basis points compared to last year.
Successful Acquisition and Integration
Closed the acquisition of American National Bank, expanding the South Florida footprint.
Robust Loan Growth
Loan growth was 4.2% annualized with strong pipelines heading into the third quarter.
Healthy Capital Ratios
CET1 ratio remained at 13.3%, providing strength and flexibility for future opportunities.