BankUnited, Inc.

Good day and thank you for standing by. Welcome to the Bank United 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 this session, you will need to press star 1-1 on your telephone. You will then hear an automated 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 over to your first speaker today, Jackie Bravo, Corporate Secretary.

Ma'am, please go ahead. Thank you, Michelle. Good morning, and thank you, everyone, for joining us today for Bank United Inc.' 's third quarter 2025 results conference call. On the call this morning are Raj Singh, Chairman, President, and CEO, Leslie Lunak, Chief Financial Officer, Jim Mackey, Incoming Chief Financial Officer, and Tom Cornish. Chief Operating Officer. Before we start, I'd like to remind everyone that this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflects the company's current views with respect to, among other things, future events and financial performance. Any forward-looking statements made during this call are based on the historical performance of the company and its subsidiaries. or on the company's current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the company that the future plans, estimates or expectations contemplated by the company will be achieved. Such forward-looking statements are subject to various risks, uncertainties and assumptions, including those relating to the company's operations, financial results, financial condition, business prospects, growth strategy, and liquidity, including as impacted by external circumstances outside the company's direct control, such as adverse events impacting the financial services industry. The company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. These factors should not be construed as exhaustive. Information on these factors can be found in the company's annual report on Form 10-K for the year ended December 31, 2024, and any subsequent quarterly report on Form 10-Q or current report on Form 8-K, which are available at the SEC's website. With that, I'd like to turn the call over to Mr. Raj Singh.

Thank you, Jackie. Welcome, everyone. Thanks for joining us. Third quarter results, pretty solid quarter. I will try not to get into the level of detail that Leslie and Tom will, but just hit the highlights. For the quarter, earnings are up, ROA is up, EPS is up, ROE is up, margin is up. and expenses are very controlled and credit is flat. So if I was to summarize this, this is, you know, as good a quarter, you know, as I could have expected even just a month ago. This is, you know, if there's, oh, by the way, deposits did exactly what we had expected them to do, almost to a T. Loans, CRE was up modestly. Mortgage warehouse was up nicely. CNI was down, unfortunately, not because of production, but of the ongoing payoffs that we've been seeing. So, you know, hitting margin 3% a quarter early, I think that's sort of the highlight. We're very happy about that. We kind of hinted on that. Even in our last call, we were running further ahead. We've been running further ahead all year, so we're very happy that we're at 3%, and by no means is 3% the destination. This was just a... a way stop. We want to get further, and we will get further, and we'll give you more guidance in January of where margin can get to in the short term. ROE of 82 basis points is an improvement over last quarter, and certainly a big improvement over last year. ROE of 9.5%, EPS of 95 cents. I think I checked a couple of days ago, the consensus was 88 cents, so happy to beat that. Capital continues to grow. Set one is now at 12.5% and tangible capital book value per share is up to $39.27. I think total book value per share is now over 40. The buyback is in place, though we didn't really hit much of it or any of it in the third quarter. We're being more opportunistic with the buyback. Rather than in the past, our buyback strategy has been buy a little bit every day. This time around, we have a different strategy because the amount of volatility we see in the marketplace, we think it's better to be more opportunistic and lean and hard when there is the opportunity to do so. So you'll see that play out over the course of next few months. What else am I missing? Like I said, with credit, everything was about as flat. You know, criticized, classified. NPLs, our ACL, our charge-offs, everything was like, when I first looked at the numbers, I thought maybe it was a typo, but it's not. Everything has been just very, very flat this quarter. So we have put in some new disclosures around NDFI, which Leslie and Tom will walk you through, because those are the kind of questions we're expecting. But again, there also, there's not much sensational news either. But with that, I'll turn it over to Tom, and And then Tom will turn it over to Leslie.