Veritex Holdings, Inc.

Good morning and welcome to the Veritex Holdings first quarter 2024 earnings conference call and webcast. All participants will be in a listen-only mode. Please note this event will be recorded. I will now turn the conference over to Will Holford with Veritex.

Thank you. Before we get started, I'd like to remind you that this presentation may include forward-looking statements and those statements are subject to risk and uncertainties that could cause actual anticipated results to differ. The company undertakes no obligation to publicly revise any forward-looking statement. If you are logged into our webcast, please refer to our slide presentation including our Safe Harbor Statement beginning on slide 2. For those on the phone, please note that the Safe Harbor Statement and presentation are available on our website, VeritexBank.com. All comments made today are subject to the Safe Harbor Statement. Some financial metrics discussed will be on a non-GAAP basis, which management believes better reflects the underlying core operating performance of the business. Please see the reconciliation of all discussed non-GAAP measures in our filed 8K earnings release. Joining me today are Malcolm Holland, our Chairman and CEO, and Terry Early, our Chief Financial Officer. I will now turn the call over to Malcolm. Thank you, Will. Good morning, everyone, and welcome to our first quarter earnings call.

For the first quarter, we reported earnings of $29.1 billion, or $0.53 per share. Pre-tax pre-provision return was 1.42%, or $43.7 billion. We continue our strategic plan in improving our balance sheet and our liquidity profile, while at the same time adding to tangible book value, increasing our loan loss reserves, and decreasing concentrations.