FB Financial Corporation

Good morning, everyone, and welcome to the FB Financial Corporation's second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. Following the prepared remarks, we will open the call to questions. Please note that today's conference call is being recorded. At this time, I would like to turn the call over to Rachel Doresky, Financial Management Associate for FB Financial. Please go ahead.

Thank you and good morning, everyone. We appreciate you joining us today for FB Financial's second quarter 2026 earnings conference call. Joining me on the call this morning is Chris Holmes, President and Chief Executive Officer, and Michael Mettee, Chief Financial and Operating Officer. Before we begin, I'd like to remind listeners that during today's call, management may make forward-looking statements regarding the company's plans, expectations, and outlook. These statements are subject to risks and uncertainties, and actual results may differ materially from those discussed. Additional information regarding these risks and uncertainties, including risk factors that could cause actual results to differ, can be found in our earnings release, our most recent annual report on Form 10-K, and our subsequent filings with the Securities and Exchange Commission. FE Financial undertakes no obligation to update any forward-looking statements except as required by law. In addition, today's discussion may include references to certain non-GAAP financial measures. Reconciliations of these measures to the most directly comparable GAAP measures are available on our second quarter 2026 financial supplement posted to the investor relations section of our website at www.firstbankonline.com and on the SEC's website at www.sec.gov. With that, I'll turn the call over to Mr. Chris Holmes.

All right, thank you, Rachel, and thanks to everybody for joining us on the call this morning and for your interest in F&B Financial. We reported EPS of $1.13, an adjusted EPS of $1.14, and have grown our tangible book value per share, excluding the impact of AOCI, at a compound annual growth rate of 11.3% since our IPO in 2016. Our net income was $58.6 million. and $58.9 million on an adjusted basis. And our pre-tax, pre-provision net revenue increased to $83.3 million, which represents an increase of approximately 8% in the quarter. This improves our PP&R return on average assets over 2%, which we consider to be our benchmark for returns. We grew loans at an annualized rate of 11.6% and deposits at 7.7% annualized. Growth this quarter was strong, which reflects the hard work, discipline, and execution of our teams across the company. As I reflect on the second quarter, our company is well positioned and our outlook is bullish. What I'm most excited about is the sustainable momentum that we're seeing across the franchise. This quarter was marked by strong balance sheet growth, stable net interest margins, solid returns, and an improved financial position through thoughtful capital deployment, including meaningful share repurchases during the quarter. Just as importantly, the activity across our footprint gives us confidence in the road ahead. Our pipelines are healthy, our markets continue to perform well, and we're seeing continued momentum in attracting talent and winning new client relationships. What continues to differentiate First Bank is that our success is not dependent on a single factor. It's the combination of award-winning customer service Strong and growing markets, disciplined execution, talented associates, and a strong financial position that allows us to invest in growth while maintaining a conservative risk profile. We remain focused on getting better every day by improving our execution, raising our level of client service, and deepening our presence in the attractive markets across the Southeast. As we look ahead, we see sustainable opportunity in front of us. Before turning the call over to Michael, I'd like to briefly cover our share repurchase activity during the quarter. Approximately two-thirds of our repurchase activity this quarter was completed through a single transaction with a charity that received shares as part of the administration of the estate of Jim Ayers. We remain a constructive partner with those responsible for the administration of the estate and its beneficiaries. This transaction, along with the other repurchases, during the quarter reiterates our commitment to investing in our business and deploying capital in a disciplined manner. That transaction reflects both the strength of our capital position and our continued confidence in the long-term value and prospects of our company. To conclude my remarks, our capital, reserve, and liquidity positions remain strong, and we believe the franchise is well-positioned to continue to deliver profitable growth and long-term shareholder value. We remain confident in our ability to grow organically through disciplined execution. While we evaluate strategic opportunities as they arise, our focus continues to be maximizing the significant organic opportunities already in front of us. So with that, I'm going to turn the call over to our Chief Financial and Chief Operating Officer, Michael Mettee, for more color on the corner. Thank you. Michael?