FB Financial Corporation

good morning everyone and welcome to the fb financial first quarter 2026 earnings call please note this event is being recorded at this time i'd like to turn the conference call over to rachel dureski with fb financial please go ahead good morning and welcome to fb financial corporation's first quarter 2026 earnings conference call hosting the call today from fb financial are chris holmes president and chief executive officer

and Michael Mati, Chief Operating and Financial Officer. Please note FB Financial's earnings release, supplemental financial information, and this morning's presentation are available on the investor relations page of the company's website at www.firstbankonline.com and on the Securities and Exchange Commission's website at www.sec.gov. Today's call is being recorded and will be available for replay on FB Financial's website approximately an hour after the conclusion of the call. At this time, all participants have been placed in a listen-only mode. The call will open for questions after the presentation. During the presentation, FB Financial may make comments which constitute forward-looking statements under the federal securities laws. Forward-looking statements are based on management's current expectations and assumptions and are subject to risks, uncertainties, and other factors that may cause actual results in performance or achievements of FB Financial to differ materially from any results expressed or implied by such forward-looking statements. Many of such factors are beyond FB Financial's ability to control or predict, and listeners are cautioned not to put undue reliance on such forward-looking statements. A more detailed description of these and other risks that may cause actual results to materially differ from expectations is contained in FB Financial's periodic and current reports filed with the SEC, including FB Financial's most recent form 10-K. Except as required by law, FB Financial disclaims any obligation to update or revise any forward-looking statements contained in this presentation, whether as a result of new information, future events, or otherwise. In addition, these remarks may include certain non-GAAP financial measures as defined by SEC Regulation G. A presentation of the most directly comparable GAAP financial measures and a reconciliation of the non-GAAP measures to comparable GAAP measures is available in FB Financial's Earnings Relief Supplemental Financial Information in this morning's presentation. which are all available on the investor relations page of the company's website at www.firstbankonline.com and on the SEC's website at www.sec.gov. I would now like to turn the presentation over to Mr. Chris Holmes, FB Financial's president and CEO.

All right. Good morning. Thank you, Rachel. Thanks to everybody for joining the call this morning. And I'll always thank you for your interest in FB Financial. I want to start today's call by calling attention to a distinguished award the company received recently and what it means to First Bank. The bank received J.D. Power's Retail Banking Award in the South Central Region for placing number one among the banks in the region for customer satisfaction. J.D. Power surveyed over 100,000 banking customers across our region, surveying them about their satisfaction with a primary bank. And when the results were tabulated, First Bank ranked number one on the list for overall customer satisfaction. First Bank also ranked number one in the subcategories of client trust and quality of our people. What made this award even more gratifying was that we weren't even aware that our customers were being surveyed. So the ranking is a result of our natural service behavior and not something that resulted from any special preparations. As bank investors, we watch every basis point of margin, efficiency, return, et cetera, and every penny of EPS. But we can struggle to find effective relative measures of the actual driver of superior sustainable bank performance, which is our ability to attract, satisfy, and retain bank clients. This award is independent, tangible verification of what I've known about our team. That's when stacked against the competition, we win. I want to thank our clients who participated in the process and our associates who are the first bank story and who take such outstanding care of our clients. You are literally the best at what you do, and I'm proud to be on the team with you. So with that, now let me get into the quarter. We reported EPS of a dollar and 10 cents. an adjusted EPS of $1.12, and have grown our tangible book value per share, excluding the impact of AOCI, at a compounded annual growth rate of 11.6% since our IPO back in 2016. Our net income was $57.5 million, or $58.3 million on an adjusted basis, and our pre-tax, pre-provision net revenue, or we may refer to as PPNR during the call, was 77.2 million or 78.2 million on an adjusted basis. So even with two fewer days in the quarter, we were able to grow our pre-tax pre-provision net revenue versus the prior quarter. Revenue declined slightly during the quarter, but expenses had an even greater decrease to keep our net income and profitability metrics in line with our expectations. We kept our PPNR return on average assets near our benchmark range of 2%, coming in at 1.93% or 1.95% adjusted. We're pleased with our returns, and as Michael will cover in his comments, our growth gained momentum during the quarter, giving us optimism about the remainder of the year. We're now a quarter of the way through 2026. We continue to believe it's a great time to be a first bank. Our strategic pillars of award-winning client experience, high associate engagement, operational efficiency, and elite financial performance are all working together to grow our franchise and position us for continued success. When you add that our geography is one of the best in the country and our size is optimal to allow for both capacity and agility, We're optimistic about our path to creating shareholder value, both short-term and long-term. So before I turn the call over to Michael, I do want to acknowledge that, like all of you, we're following the macro events of our times closely. But most of these things, like geopolitical conflicts, technology disruptions, economic shocks, and interest rate volatility are things that we have to react to versus exercise control over. What we do control is our position in preparation for a range of circumstances and risk scenarios with active and prudent management of our robust capital, robust liquidity, and our high reserve levels. We remain in a position of strength and believe that we have the ability to perform through the various economic cycles as they come. So with that, I'll now turn the call over to our Chief Financial and Operating Officer, Michael Matee, for some more color on the court.