Bankwell Financial Group, Inc.

And during this time, simply press star, followed by the number one on your telephone keypad. If you'd like to withdraw your question, press star one again. Thank you. I'd now like to turn the call over to Courtney Sacchetti, Executive Vice President and Chief Financial Officer. Please go ahead.

Thank you. Good morning, everyone. Welcome to BankWealth's third quarter 2025 earnings conference call. To access the call over the internet and review the presentation materials that we will reference on the call, please visit our website at investor.mybankroll.com and go to the events and presentations tab for supporting materials. Our third quarter earnings release is also available on our website. Our remarks today may contain forward-looking statements and may refer to non-GAAP financial measures. All participants should refer to our SEC filings, including those found on forms 8K, 10Q, and 10K, for a complete discussion of forward-looking statements and any factors that could cause actual results to differ from those statements. And now I'll turn the call over to Chris Grisecki, Bankwell's Chief Executive Officer.

Thank you, Courtney. Welcome, and thank you to everyone for joining Bankwell's quarterly earnings call. This morning, I'm joined by Courtney Cicchetti, our Chief Financial Officer, and Matt McNeil, our President and Chief Banking Officer. We appreciate your interest in our performance and this opportunity to discuss our results with you. Bankroll delivered another strong quarter with gap net income of $10.1 million, or $1.27 per share, up from $9.1 million, or $1.15 per share last quarter. Pre-provision net revenue return on assets was 1.7% for the quarter, up 27 basis points from the prior quarter. Our results reflect a continued expansion of the company's net interest margin as well as growth in non-interest income generated by our SBA division. We've also made further progress in reducing our non-performing asset balances during the quarter and continue to have a positive outlook on credit for the quarters ahead. Our NIM continued to expand this quarter as we forecast for the last several quarters. This is the result of the combined impact of repricing approximately $1 billion of time deposits, increased asset yields, and the growth of our low-cost deposit balances. Low-cost deposits include noninterest-bearing deposits as well as now accounts at rates of 50 basis points or lower. These accounts' average balances collectively grew by $20 million over the prior quarter and $64 million, or 16%, since the fourth quarter of 2024. Loan originations remained strong. During the third quarter, we funded $220 million of loans, bringing our year-to-date fundings to just over $500 million. Our SBA division increased its momentum as gains on sale rose to $1.4 million for the quarter. SBA originations totaled $22 million for the quarter, bringing our year-to-date total originations to $44 million. The government shutdown has potential to temporarily impact our SBA results for the remainder of this year. While there may be potential for short-term impact, the SBA division has been a strong performer, reaching nearly 90% of our full-year origination goal of $50 million within the first three quarters of this year. Year-to-date non-interest income, including SBA gains on sale, totaled $6 million. Credit trends in the portfolio continue to improve. Non-performing assets as a percentage of total assets fell to 56 basis points compared to 78 basis points last quarter. This improvement was driven by the collection of $5 million on three SBA guaranteed loans and the sale of a $1.6 million commercial real estate loan. Additionally, Special mention loan balance has decreased by $30 million. Finally, our efficiency ratio improved to 51.4% in the quarter, down from 56.1% last quarter, as we continue to balance growth with fiscal discipline. Now, I'll ask Courtney to provide a more detailed review of our financial results.