Brookline Bancorp, Inc.

Good afternoon, and welcome to Brookline Bancorp, Inc.' 's second quarter 2024 earnings conference call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded. I would now like to turn the conference over to Brookline Bancorp's attorney, Laura Vaughn. Please go ahead.

Thank you, Alyssa, and good afternoon, everyone. Yesterday, we issued our earnings release and presentation. It is available on the investor relations page of our website, brooklynbankwork.com, and has been filed with the SEC. This afternoon's call may contain forward-looking statements with respect to the financial conditions of operations and business of Brooklyn Bainport. Please refer to page two of our earnings presentation for our forward-looking statements, Mr. Maymar. Also, please refer to our other finals 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 Procurement Day Corp.' 's results and performance trends and should not be relied on as financial measures for our comparison and reconciliation with GAAP earnings. based on our results. I'm pleased to introduce the President and Chairman and CEO, Walt Walton.

Thanks, Laura, and good afternoon, everyone. Thank you for joining us for today's earnings call. We had a solid quarter of loan and deposit growth across all three of our banks. While our net interest margin declined slightly, it appears to be hitting the bottom as the month of June was higher than May. This quarter, we decided to exit our specialty vehicle finance business, which is primarily tilt trucks. The spreads for this business line have been coming under pressure for some time now as more competitions enter the market. Unfortunately, costs also continue to rise, particularly collection costs, which drove this decision. We closed our office in Melville, Long Island, and had a reduction of staff of 21. The portfolio of $350 million in specialty vehicle loans will run off over time and will be a slight headwind to the overall growth in the equipment finance portfolio. We estimate runoff over the next 12 months to be $115 million. I will now turn you over to Carl, who will review the company's second quarter results in detail. Carl. Thank you, Paul.