First Citizens BancShares, Inc.

Ladies and gentlemen, thank you for standing by. A welcome to the First Citizens Bankshare third 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 need to press star one on your telephone. If you require operator assistance during the program, please press star then zero. As a reminder, today's conference is being recorded. I would now like to introduce the host of this conference call, Miss Deanna Hart, Head of Investor Relations. You may begin.

Good morning. Good morning. Welcome to First Citizen's third quarter earnings call. Joining me on the call today are Chairman and Chief Executive Officer Frank Holding and Chief Financial Officer Craig Nix. They will provide third quarter business and financial updates referencing our earnings presentation, which you can find on our website. Our comments will include forward-looking statements, which are subject to risks and uncertainties that may cause actual results to differ materially from expectations. We assume no obligation to update such statements. These risks are outlined on page three of the presentation. We will also reference non-GAAP financial measures. Reconciliations of these measures against the most directly comparable GAAP measures can be found in section five of the presentation. Finally, First Citizens is not responsible for and does not edit nor guarantee the accuracy of earnings transcripts provided by third parties. I will now turn it over to Frank.

Thank you, Deanna. Good morning. Thank you for joining us for our third quarter earnings call. During the third quarter, our business segments continued to deliver strong performance. I'll focus my comments on our earnings metrics for the quarter and how we are positioning First Citizens to achieve our strategic initiatives as we move forward. I'll then turn it over to Craig to review our performance in more detail and provide guidance on the fourth quarter. Starting on page five, key earnings metrics were solid, marked by net interest income growth, stable NIM, and adjusted non-interest expense at the low end of our guidance range. We reported adjusted earnings per share of $44.62, an adjusted ROE of 10.62%, and an adjusted ROA of 1.01%. We achieved 2.5% loan growth over the linked quarter spread across all our operating segments, but led by SVB commercial, where global fund banking loans increased 10% sequentially, driven by increased utilization and strong production in our capital call portfolio. Deposits were up by 3.3 billion, or 2% sequentially, with notable inflows from our SVB commercial and general bank segments. We are pleased that this marks our seventh consecutive quarter of deposit growth. We also maintain strong capital and liquidity positions, supporting the balance sheet growth I just mentioned and allowing us to return another $900 million in to our shareholders through share repurchases during the quarter. We recently announced an agreement to purchase 138 branches from BMO Bank. While we offer our clients a variety of different ways to interact with us, our branches continue to be integral to our franchise. Building on the scale of our current nationwide platform, we are excited about this opportunity to expand into new markets and offer our our client-centered approach in even more regions. Strategically, the net deposit position is expected to enable us to further enhance our liquidity position and provide additional flexibility to support our strategic initiatives, including the repayment of the purchase money note as interest rates move lower. Looking ahead on page six, We remain committed to deepening client relationships, optimizing our balance sheet, and making investments in our franchise that underpin scalable growth. So far, we have made real progress on our strategic initiatives, including platform integration and alignment. We continue to align teams to improve client experience. Client segmentation and product orchestration. We have increased outreach across our business segments to deliver more holistic solutions to our clients. Digital and operational improvements. We continue to streamline workflows through automation where it makes sense with the goal of simplifying our operating environment to make us more operationally efficient. Capital and liquidity resilience. We've maintained capital ratios well above regulatory thresholds, and our liquidity profile continues to afford us the optionality to support clients, invest in our future, and pursue external opportunities. As always, we remain vigilant on the macro and geopolitical landscape, which remains somewhat uncertain. While we recognize that some elements of the landscape could serve as tailwinds and others headwinds, we are pleased to be operating from a position of strength. In closing, I want to emphasize that even in volatile periods across markets and rates, we continue to believe that our diverse business model and disciplined risk posture are key differentiators. Over the last several quarters, we've delivered consistent results, even as external conditions shift. We remain deeply committed to being a dependable, thoughtful partner to our clients, communities, and shareholders, while maintaining flexibility in a dynamic economic environment. With that, I'll turn it over to Craig, who will take you through our third quarter results and forward-looking guidance for the fourth quarter. Craig?