Brookline Bancorp, Inc.

Hello and welcome to the Brookline Bancorp, Inc. Third Quarter 2020 Earnings Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Marissa Martin, Associate General Counsel. Please go ahead.

Thank you, Brandon, and good afternoon, everyone. Yesterday, we issued our earnings release and presentation, which is available on the Investor Relations page of our website, brooklinebankcorp.com, and has been filed with the SEC. This afternoon's call will be hosted by Brookline Bancorp's executive team, Paul A. Peralt and Carl M. Carlson. Before we begin, please note this presentation is being done from several different locations, so if there's a delay or technical problem, we appreciate your patience and understanding. This call may also contain forward-looking statements with respect to the financial condition, results of operations, and business of Brookland Bancorp. Please refer to page two of our earnings presentation for our forward-looking statement disclaimer. Also, please refer to our other filings with the Securities and Exchange Commission, which contain risk factors that could cause actual results to differ materially from these forward-looking statements. Any references made during this presentation to non-GAAP measures are only made to assist you in understanding Brookline Bancorp's results and performance trends and should not be relied on as financial measures of actual results or future predictions. For comparison and reconciliation to GAAP earnings, please see our earnings release. If you can join us on page three of the earnings presentation, I'm pleased to introduce Brooklyn Bancorp's President and CEO, Paul Peralta.

Thanks, Marissa, and good afternoon, all. I remain cautiously optimistic as we continue to see positive trends in Massachusetts, Rhode Island, and New York as the reopening process and everyday economic activity seems to be slowly recovering. Activity within the cities of Boston and Providence remain mixed, as work from home continues to be the predominant theme. While some schools are open, sidewalk cafes and restaurants are quite busy. We are cautious as the weather cools and rates of infection possibly increasing. The health and safety of our employees and their families continues to be our priority. While not mandatory, we are encouraging non-branch employees to come into the office one or two times a week while maintaining social distancing and safety guidelines in all of our locations. We will continue to work with the small segment of our customers who are still facing financial challenges related to the shutdowns and may require additional deferrals. Since March 1st, we granted 5,422 short-term deferrals on loan balances of $1.2 billion. I'm pleased to say that as of the end of the third quarter, most of these customers have returned to normal repayment status, and there were 910 credits totaling $280 million with loan modifications. We had a solid quarter of earnings at $18.7 million, or 24 cents per share, as our net interest margin stabilized and we maintained our substantial loan loss reserve position. I'm also pleased to report the Board approved another 11.5-cent dividend to stockholders, which will be paid in November, and also approved the resumption of our stock buyback program, which had been suspended in March. I will now turn you over to Carl, who will review the company's third quarter results. Carl?