Premier Financial Corp.

Good morning and welcome to the Premier Financial Corporation second quarter 2022 earnings conference call. All participants will be in listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Paul Nungesta with Premier Financial Corporation. Please go ahead.

Thank you. Good morning, everyone, and thank you for joining us for today's second quarter 2022 earnings conference call. This call is also being webcast and the audio replay will be available at the Premier Financial Corp website at premierfincorp.com. Following our prepared comments on the company's strategy and performance, we will be available to take your questions. Before we begin, I'd like to remind you that during the conference call today, including during the question and answer period, You may hear forward-looking statements related to future financial results and business operations for Premier Financial Force. Actual results may differ materially from current management forecasts and projections as a result of factors over which the company has no control. Information on these risk factors and additional information on forward-looking statements are included in the news release and in the company's reports on file with the Securities and Exchange Commission. And I'll turn the call over to Gary for his comments.

Thank you, Paul, and good morning to all. Thank you for joining us today. We've got a lot to cover, and I'll get right to the highlights. It was just an outstanding loan growth quarter in Q2. We had growth across a broad base with each business line, commercial, consumer, and residential, experiencing growth of at least 8.5% in real terms for the quarter on a point-to-point basis. And all the markets in which we operate contributed to that growth. So it was broad and it was deep. We built a really great revenue generation team, and we're in a very good position to capture the new business. And we certainly saw our share of it in the quarter. CNI, CRE, and multifamily business each experienced good activity on the commercial front. So again, very balanced. Paul will outline the strong moves made in the net interest income and margin front for the quarter. But I want to highlight that we have excellent momentum heading into Q3. And you'll expect to see meaningful average loan balance movement from Q3 to Q2, over Q2. With the kind of accelerated growth we have, the averages really matter here. Our mortgage application activity for the quarter was very good versus the industry. However, as we all have seen, Margin compression is mooting the financial contribution for the year, and that's going to be a continuing story Matt will cover. Excellent quarter in the auto financing business. It's the strongest production quarter in our history, and as we look at July, it seems to be continuing in the third quarter as well. Loss provision for the quarter was higher than normal, obviously, and it was 100% driven by the loan growth activity of the quarter. We grew $500 million from the end of March to the end of June, and with CECL, you provide for that day one, and that's really driving the number. We did have a large single credit that we're all familiar with from last year's conversations that drove a net charge off for the quarter. It did not affect provision for the quarter as we had set aside a specific reserve for this credit at the end of 21. I'll be coming back with some guidance comments towards the end of the call, and now I'll turn it over to Paul for performance discussion.