Central Pacific Financial Corp New

Good afternoon, ladies and gentlemen. Thank you for standing by and welcome to the Central Pacific Financial Corp First Quarter 2026 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. This call is being recorded and will be available for replay shortly after its completion on the company's website at www.cpb.bank. I'd now like to turn the call over to Mr. Gerald Rubago, Senior Strategic Financial Officer. Please go ahead.

Thank you, Rob, and thank you all for joining us today as we review Central Pacific Financial Corp's financial results of the first quarter of 2026. Joining me this morning are Arnold Martinez, Chairman, President, and Chief Executive Officer. David Morimoto, Vice Chairman and Chief Operating Officer. Ralph Misik, Senior Executive Vice President and Chief Risk Officer, and Dana Matsumoto, Executive Vice President and Chief Financial Officer. We have prepared a supplemental slide presentation with additional details on our earnings release. The presentation is available in our investor relations section of our website at ir.cpb.bank. During today's call, management may make forward-looking statements These statements are based on current expectations and assumptions and are subject to risk and uncertainties that could cause actual results to differ materially. For a complete discussion of these risks related to our forward-looking statement, please refer to slide two of our presentation. With that, I will now turn the call over to our Chairman, President, and CEO, Arnold Martinez.

Thank you, Gerald, and aloha to everyone joining us today. The first quarter represented a strong start to 2026 with solid earnings performance and continued execution across our franchise. We delivered growth in both loans and core deposits, maintained strong credit quality, and continued to operate from a position of capital strength. This momentum reflects the strength of our relationship-focused banking model and our continued commitment to serving the people, businesses, and communities of Hawaii. Our results also demonstrate the durability and organic earnings power of the franchise. With return on equity above 13% and robust capital levels, we remain focused on discipline, sustainable growth, and thoughtful capital allocation. From a shareholder perspective, we remain committed to deploying capital in ways that enhance long-term value. This includes supporting organic growth maintaining a strong balance sheet, returning capital through dividends and share repurchases, and preserving flexibility to respond to market opportunities. We were also pleased that CPB was named the Hawaii U.S. Small Business Administration Lender of the Year for 2025. This marks the 17th time CPB has received this recognition and reflects our longstanding commitment to Hawaii's small business community. Turning to the broader environment, Hawaii's economy remained resilient during the first quarter. Visitor arrivals and spending increased, and the state's unemployment rate remained exceptionally low at 2.3%. While oil prices have increased due to the conflict in the Middle East, the direct impact on Hawaii's economy has been limited to date, and we continue to monitor conditions closely. At the same time, Hawaii continues to benefit from ongoing construction activity, military spending, and a resilient local economy. Recent storm activity and flooding, including impacts from the Konolo, caused isolated but significant damage in parts of the state. We remain committed to supporting affected customers and communities as they recover and rebuild. Against this backdrop, Our strategy remains consistent. Support local businesses through prudent lending, grow and deepen core deposit relationships, invest thoughtfully in our franchise, and manage risk with discipline through the cycle. With that, I will turn the call over to Dana.