Management pointed to continued progress in deposit costs. Total deposit costs declined to 310 basis points, down 5 basis points from the fourth quarter, and Sacchetti said the bank exited March with a deposit-cost exit rate of approximately 298 basis points.Sacchetti said net interest margin declined modestly to 328 basis points, driven primarily by the repricing of floating-rate loans in a lower-rate environment and an unfavorable day-count impact. She added that, on a day-count normalized basis, the sequ ...