First Horizon Corporation

2024 Earnings Conference Call. My name is Carly and I'll be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. To remove yourself from that line of questioning, please press star followed by two on your telephone keypad. I'll now hand over to Nassi Flanders, Head of Investor Relations, to begin.

Thank you, Carly. Good morning. Welcome to our second quarter 2024 results conference call. Thank you for joining us. Today, our Chairman, President, and CEO, Brian Jordan, and Chief Financial Officer, Hope Domchowski, will provide prepared remarks, after which we'll be happy to take your questions. We're also pleased to have our Chief Credit Officer, Susan Springfield, and our Deputy Chief Credit Officer, Thomas Hung, here to do questions with you as well. Our remarks today will reference our earnings presentation, which is available on our website at ir.firsthorizon.com. As always, I need to remind you that we will make forward-looking statements that are subject to risks and uncertainties. Therefore, we ask you to review the factors that may cause our results to differ from our expectations on page two of our presentation and in our SEC filing. Additionally, please be aware that our comments will refer to adjusted results, which exclude the impact of notable items. These are non-GAAP measures, so it's important for you to review the GAAP information in our earnings release and on page three of our presentation. And last but not least, Our comments reflect our current views, and you should understand that we are not obligated to update them. And with that, I'll turn things over to Brian.

Thank you, Natalie. Good morning, everyone, and thank you for joining our call. I'm pleased with the results we achieved in another solid quarter. We continue to demonstrate our ability to produce consistent returns for our shareholders while also providing unparalleled service to our clients. As I look back at the last couple of months, There has been a significant uptick in the competitive landscape, especially promotional deposit officers, as banks compete for growth against the backdrop of a higher for longer interest rate environment and a shrinking deposit base. I'll start on slide five, where we have shared some of the financial highlights for the quarter. We delivered adjusted EPS of 36 cents per share, which was a one cent increase from the prior quarter. with pre-provision net revenue increasing by $1 million. Adjusted return on tangible common equity improved to 12%, driven by the benefit of returning excess capital to shareholders. We repurchased $212 million of stock in the second quarter and over $365 million year-to-date. ending the quarter with an 11% common equity Tier 1 ratio. We intend to continue to stack one good quarter on top of the next. We accomplished that this quarter through modest improvement to net interest income and traditional banking fees, while simultaneously managing the expense base and maintaining strong credit performances. I remain incredibly optimistic that First Horizon will continue to deliver strong results quarter after quarter while serving our customers and communities just as we have for over the past 160 years. We have an attractive footprint, a competitive product set, and strong credit culture that will allow us to profitably navigate whatever scenarios we encounter over the second half of the year. With that, I'll hand the call over to Hope to run through our financial results in more detail. Hope?