Central Bancompany, Inc.

Good day, and thank you for standing by. Welcome to the Central Bank Company fourth quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, John Ross, President and CEO. Please go ahead.

Good morning, and thank you for joining our inaugural earnings call. With me in the room today is our Chief Financial Officer Jim Cerulli, Chief Customer Officer Dan Westhues, and Chief Credit Officer Eric Holgren. Before we begin, I'd like to point out that today's discussion is subject to the same forward-looking considerations outlined on page four of our press release. While the format of our calls may vary over time, today we plan to be very brief in our discussion of fourth quarter highlights before opening the line for Q&A. Before doing that, however, please allow me to thank our team for their tireless contributions. In 2025, they delivered for their communities with over 28,000 hours of community service. They also delivered for their customers, with our net promoter score improving two points to 73 on a consolidated basis across our business lines. And finally, to our shareholders, with significant progress made in our technology modernization program and our financial results, which I will turn to now. For the fourth quarter, Central Bank posted net income of $107.6 million, or 47 cents per fully diluted share. return on average assets of 2.17%, net interest margin on an FTE basis of 4.41%, and an efficiency ratio on an FTE basis of 47%. Our asset quality remained in line with 10 basis points of net charges, and our allowance covered 131 basis points of total loans. While too early to call it a trend, we are also encouraged by the resumption of balance sheet growth. With ending loans up 1% quarter over quarter, and non-public deposits up 1.7% quarter over quarter. Lastly, capital levels at the holding company remain well above target, with approximately $1.8 billion of excess, or $7.50 a share. We look forward to the challenge of repeating our historical earnings growth in 2026, including the critical objective of prudently deploying our ample excess capital. With that, I'd like to open the line for questions. Operator?

As a reminder, to ask a question, please press star 11 on your telephone and wait for your name to be announced. To withdraw your question, please press star 11 again. Please stand by while we compile the Q&A roster.