Cadence Bank

Good day and welcome to the Cadence Bank second quarter 2025 earnings webcast and conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Will Fisacoli, Director of Corporate Finance. Please go ahead.

Good morning, and thank you for joining the Cadence Bank second quarter 2025 earnings conference call. We have members from our executive management team here with us this morning, Dan Rollins, Chris Bagley, Valerie Tolson, and Billy Braddock. Our speakers will be referring to prepared slides during the discussion. You can find the slides by going to our investor relations page at ir.cadencebank.com where you'll find them on the link to our webcast, or you can view them at the exhibit to the 8K that we filed yesterday afternoon. These slides are also available in the presentation section of our investor relations website. I would remind you that the presentation, along with our earnings release, contains our customary disclosures around forward-looking statements and any non-GAAP metrics that may be discussed. The disclosures regarding forward-looking statements contained in those documents apply to our presentation today. And now I'll turn to Dan for his opening comments.

Good morning. Thank you for joining us today to discuss our second quarter results. I could not be prouder of our team and the results we are producing. I will cover a few highlights. Valerie will provide some additional detail on the financials. After our prepared comments, our executive management team will be available for questions. It was an active quarter for Cadence, both organically and for M&A. On the M&A front, we announced our acquisition of industry bank shares on April 25. We then completed our acquisition of First Chatham Bank, effective May 1, and we closed the industry transaction on July 1. The announcement to close timeline for industry was 67 days, which followed the 99-day announced to close timeline for First Chatham. These achievements are the result of a tremendous amount of collaboration between the teams at each of the target banks and with the various regulatory bodies. We are excited about the opportunity to expand our presence in Georgia and Central Texas. We welcome these teammates and customers to the Cadence family. Regarding the second quarter results, We continue to perform exceptionally well. Adjusted net income from continuing operations increased to $137.5 million, or $73 per share, and adjusted ROA was 1.14% for the quarter. Our balance sheet growth drove a meaningful increase in revenue, and our adjusted efficiency ratio improved by 90 basis points to 56.7%. Our loan growth once again highlighted the strength of our footprints. We achieved organic loan growth of $1.1 billion for the quarter, or 12.6% annualized. The growth came across our geography and nearly all verticals, with the highest growth coming out of Texas. Our community bank, corporate bank, private banking, and mortgage teams all reported nice organic growth for the quarter, and our pipelines are strong and growing. Our core customer deposit balances also showed growth, which offset some intentional runoff in brokered and a seasonal decline in public fund balances. Organic core customer deposits increased at a 4.4% annualized rate, with the largest portion of this growth in non-interest-bearing deposits. Credit results continue to remain in line with our expectations, with net charge-offs of 24 basis points annualized for the quarter. Finally, our tangible book value continued to improve, increasing to 22.94 per share, and regulatory capital levels remain strong with CET1 of 12.2%. Now let me turn the call over to Valerie, and she can get into the weeds and the details for our financials. Valerie?