Eagle Bancorp, Inc.

Good day and thank you for standing by. Welcome to the Eagle Bank Corp Inc. first quarter 2026 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 a 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 to Eric Newell, Chief Financial Officer of Eagle Bancorp, Inc. Please proceed.

Good morning. This is Eric Newell, Chief Financial Officer of Eagle Bancorp. Before we begin the presentation, I would like to remind everyone that some of the comments made during this call are forward-looking statements. We cannot make any promises about future performance and caution you not to place undue reliance on these forward-looking statements. Our Form 10-K for the fiscal year 2025 and current reports on Form 8-K, including the earnings presentation slides, identify important factors that could cause the company's actual results to differ materially from any forward-looking statements made this morning, which speak only as of today. Eagle Bank Corp. does not undertake to update any forward-looking statements as a result of new information, future events, or developments unless required by law. This morning's commentary will also include non-GAAP financial information. The earnings release, which is posted in the investor relations section of our website and filed with the SEC, contains reconciliations of this information to the most directly comparable GAAP information. Our periodic reports are available from the company online at our website or on the SEC's website. With me today is our president and CEO, Susan Reel, and our chief lending officer for commercial real estate, Ryan Reel. I'll now turn it over to Susan.

Thank you, Eric. Good morning, and thank you for joining us today. We are pleased to begin 2026 on track with our near-term strategic priorities, generating capital through earnings, diversifying the balance sheet across both assets and funding, and executing on the repositioning work we have been discussing with you over the past several quarters. The first quarter reflected meaningful progress on several fronts. We returned to profitability, expanded net interest margin, and delivered strong C&I growth, a direct result of the deliberate investments we have made across the franchise and the disciplined execution of our commercial teams. At the same time, we are realistic about where we are in this repositioning. The pace at which legacy exposures resolve and scheduled payoffs occur is faster than the pace at which we can prudently generate new earning assets. That asymmetry creates near-term pressure on net interest income and a smaller earning asset base as we work toward a higher quality balance sheet. We are not shrinking the balance sheet because deposits are leaving us. In fact, core deposits have grown $240 million year over year. We are making strategic choices. on both sides of the balance sheet that we believe position us for stronger, more sustainable, and more durable earnings. We continue to reduce reliance on higher-cost broker deposits, refinancing the quality of our funding base. In parallel, our active resolution of problem credits is producing elevated charge-offs, a deliberate trade-off we are willing to make. because we would rather absorb the near-term earnings impact and emerge with a cleaner balance sheet than carry these exposures for an extended time. The deliberate actions we took throughout 2025 are producing measurable improvement. A trajectory Eric will walk through in detail. We have a plan designed to deliver materially stronger pre-provision net revenue as the funding mix improves. As disciplined loan growth returns to CRE and the asset quality work I mentioned continues to reduce the impact from non-accrual and resolution activity, and we are executing against it. With that, I'll turn the call over to Eric to walk through the quarter in more detail.