Executive Vice President and CFO - Alexander D. Dodd
Executive Vice President and Chief Credit Officer - Douglas F. Woolley
Executive Vice President and Head of Wholesale Banking - David V. Ring
Net Income Available to Common Shareholders -- $133.7 million, or $0.94 per diluted share, compared with $89.2 million in the prior year period.
Adjusted Operating Earnings -- $135.6 million, or $0.96 per diluted share, after excluding a $2.7 million pretax loss on debt extinguishment.
Net Interest Margin (FTE) -- 3.88%, representing a 6 basis point decline from the prior quarter due to increased funding costs and customer migration into interest-bearing products.
Loans Held for Investment -- $29.3 billion at period-end, reflecting 8.6% annualized growth from June 30 driven by commercial and industrial lending and construction lending.
Total Deposits -- $31.0 billion at period-end, an increase of 6.5% annualized from the prior quarter supported by higher brokered and demand deposits.
Nonperforming Assets -- 0.37% of total loans held for investment, a decrease from 0.39% at June 30.
Net Charge-Offs -- 0.03% of average loans annualized, remaining stable compared to the second quarter.