Q4 results were negatively impacted by $41.8M of notable items impacting income before taxes, related to the FDIC special assessment and a loss on sale of operating lease equipment as detailed below. Reports FY23 net charge-off ratio 0.09%. NPAs remained low, totaling $130.6M at December 31, 2023, down from $140.5M at September 30, 2023.. “We finished the year with continued improvement on both sides of our balance sheet, expanding margin and strong credit performance. We are benefiting from a strong economy in our primary market and are looking forward to 2024 with great optimism,” said Rajinder Singh, Chairman, President and CEO.
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