First Horizon Corporation

of Relations to begin. Please go ahead.

Thank you, Lucy. Good morning. Welcome to our first quarter 2025 results conference call. Thank you for joining us. And we're especially appreciative at how nimbly everyone adjusted the conference call number as we had an unforeseen outage this morning from a carrier and were able to get a new number in place very quickly. So we appreciate you all making the call. 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, Thomas Hung, here to assist with questions as well. Our remarks today will reference our earnings presentation, which is available on our website at ir.bursthorizon.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 filings. 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 hand it over to Brian.

Thank you, Tyler. Good morning, everyone. And thank you for joining the call. We appreciate your continued interest in First Horizon. As we sit here today, the economic environment is being shaped by heightened macroeconomic uncertainty as the impacts of tariffs and related policies contribute to a wait and see mindset among many. The efforts by the Trump administration to address tariffs and trade imbalances have created a period of near-term uncertainty. Over the coming weeks and months, we will all gain greater clarity about how these moving parts come together to impact the overall economic environment. While there is much we do not know today, we remain optimistic that we can avoid a recession. In my view, The risk of recession is likely to increase the longer current levels of market volatility and uncertainty persist. Our focus remains on safety and soundness, profitability, and growth. Our disciplined approach has positioned us well, particularly given our strong southeast footprint and diversified business model. I am extremely pleased with the results we achieved in the first quarter as we carried forward the momentum from the end of last year. We successfully delivered solid pre-provisioned net revenue growth through continued margin expansion and deposit pricing discipline, while consistently prioritizing our credit quality. We once again demonstrated our ability to deliver steady returns despite shifting and market uncertainty throughout the year, throughout the quarter. On slide five, we have shared a few highlights from the quarter. We delivered an adjusted EPS of 42 cents per share, which was a one cent decrease from the prior quarter. These results include pre-provision net revenue growth of $16 million from the fourth quarter. We achieved nine basis points of net interest margin expansion as we continued to manage deposit rates. We also maintained our focus on efficient expense management, lowering our expenses by $20 million, excluding deferred compensation. We continued to strategically deploy excess capital through our share repurchase program, repurchasing $360 million of stock in the first quarter. Our credit performance is once again a highlight of our results with our charge-off ratio of 19 basis points remaining in line with the strong performance in 2024. We did increase our coverage ratio for potential losses reflecting macroeconomic uncertainty, and we will continue to prioritize prudent management of our portfolio to ensure that we maintain our outstanding credit culture. With that, I'll hand the call over to Hope to run through our financial results in more detail.