S&T Bancorp, Inc.

Officer Mark Coachvar. Please go ahead.

Great. Thank you very much. Good afternoon, everyone. Thank you for participating in our statement about forward-looking statements and risk factors. This statement provides the cautionary language required by the Securities and Exchange Commission for forward-looking statements that may be included in this presentation. A copy of the first quarter 2024 earnings release, as well as this earnings supplement slide deck, can be obtained by clicking on the materials button in the lower right section of your screen. This will open up a panel on the right where you can download these items. You can also obtain a copy of these materials by visiting our investor relations website at stbankcorp.com. With me today are Chris McCommish, S&T's CEO, and Dave Antolik, S&T's president. I'd now like to turn the program over to Chris.

Mark, thank you, and good afternoon, everybody, and welcome to the call. We appreciate the analysts being with us this afternoon, and we look forward to your questions. I certainly also want to thank our employees, shareholders, and others listening to the call this afternoon. Before we get into the numbers, I want to continue to express how good I feel about the progress that's centered on S&T's People Forward purpose that we've made and how our strategic focus on this purpose is delivering for our customers, shareholders, and the communities that we serve. A few weeks ago, We wrapped up an almost two-week road trip where we were able to speak face-to-face with all 1,250 of our employees in small groups. The energy, commitment, and engagement that they displayed in these meetings was truly inspiring to both me and our entire executive leadership team. Our People Forward purpose connected to our core drivers of performance, the health and growth of our deposit franchise, solid credit quality, best-in-class core profitability, and underpinned by the talent and engagement level of our teams or where we are focused to deliver for our shareholders. In addition to the numbers that we'll go through on page five, in Q1, we saw further evidence of our progress as we were recognized by Forbes as one of America's best banks from a financial performance perspective and one of America's best companies for employee loyalty and engagement. The Employee Loyalty Award is broader than just financial services and looks at all mid-sized employers in the United States, and this is the second year in a row for this recognition. Turning to our quarter on page five, you'll see that we earned 81 cents a share, which is about two cents ahead of consensus estimates, with that net income over $31 million. Our return metrics were excellent, with almost a 14% ROTCE, and our PPNR remained strong at 176. Our net interest margin did see some contraction, though at 384 is still very strong. The eight basis points of contraction is less than half of what we saw in Q4 of last year, and our net interest income remained above $83 million for the quarter. Mark will provide further color here in a few minutes. I would also, looking at things from a credit perspective, there was a little bit of movement. However, it's very manageable, primarily related to a couple of strategic exits. Dave is going to dive more deeply here in a few minutes. I would also call out page 7, where we've added additional insight into our multifamily CRE portfolio. This is in line with the information that we had provided to you in previous quarters relative to office exposure. And again, we'll spend more time and color on that in a few minutes. Moving to page four, you'll see that loan growth for the quarter was muted. However, we saw meaningful deposit growth. Historically, Q1 is typically a lower loan growth quarter for us. On the deposit side, customer deposit growth was more than $78 million, producing over 4% annualized growth, which is a number we feel very good about. While the deposit mix shift continued, we did see further slowing in the rate of decline of DDA balances, with overall DDA balances remaining strong at 29% of total balances. Additionally, our customer deposit growth allowed us to reduce borrowings by $130 million in the quarter, which obviously had a positive impact on our net interest margin. I'm going to turn it over to Dave now and talk more about the loan book and credit quality, then Mark will provide more color on the income statement and capital. We look forward to your questions after their remarks. Dave, over to you.