F.N.B. Corporation

Good day and welcome to the FNB first quarter 2026 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press star and then two. Please note this event is being recorded. I would now like to turn the conference over to Lisa Hajdu, Manager of Investor Relations. Please go ahead.

Good morning, and welcome to our earnings call. This conference call of FMB Corporation and the reports it files with the Securities and Exchange Commission often contain forward-looking statements and non-GAAP financial measures. Non-GAAP financial measures should be viewed in addition to and not as an alternative for our reported results prepared in accordance with GAAP. Reconciliations of GAAP to non-GAAP operating measures to the most directly comparable GAAP financial measures are included in our presentation materials and our earnings release. Please refer to these non-GAAP and forward-looking statement disclosures contained in our related materials, reports, and registration statements filed with the Securities and Exchange Commission and available on our corporate website. A replay of this call will be available until Friday, April 24th. And the webcast link will be posted to the About Us Investor Relations section of our corporate website. I will now turn the call over to Vince DeLee, Chairman, President, and CEO.

Thank you, and welcome to our first quarter earnings call. Joining me today are Vince Calabrese, our Chief Financial Officer, and Gary Guerrero, our Chief Credit Officer. F&B produced a solid quarter with net income of $137 million. EPS increased 19% over the first quarter of 2025 to $0.38. Pre-provision net revenue increased 17% from the year-ago quarter as we generated positive operating leverage of 4.9%. Our capital ratios remained strong and continued to move favorably, all while producing a strong return on average tangible common equity of 13.2%. Tangible book value per share of $12.06 represents an 11% increase from the year-ago quarter. Since 2009, which spans the tenor of our leadership team's management of the bank and holding company, we have focused on a disciplined and strategic approach to developing and executing our long-term growth plan. Our actions have resulted in the company's robust capital accumulation sustainable superior financial performance, investments in a resilient risk management framework, and a strong balance sheet. Over time, we have grown our capital to record levels and effectively managed a dividend payout ratio from nearly 80% down to 31% in line with our peers. During that time period, we also grew the balance sheet 477%. with an organic compounded annual growth rate of 8%. We invested in our enterprise risk management framework, built out our advisory and capital markets businesses to diversify our revenue streams, and established FMB as an industry innovator with an award-winning digital and data analytics capability, including the eStore. These significant investments occurred over time while maintaining an industry-leading efficiency ratio in the low to mid 50% range. I can't emphasize enough the hard work and superior execution by our team to get to where we are today. These efforts have produced sustained levels of increased profitability, significant returns, and strong capital generation. This strategy was fully aligned with shareholders' interests. We recently announced an 8% increase to our quarterly cash dividend to 13 cents per share, starting with the dividend to be paid in June. Our Board of Directors also unanimously approved our management's recommendation for an additional $250 million for the repurchase of our common stock on top of the $50 million remaining in our existing share repurchase program. Inclusive of the March dividend and $35 million repurchased in the first quarter of 2026, FMB has returned a total of $2.4 billion in capital to shareholders through both dividends and repurchases since 2009, demonstrating our long-term commitment to optimize value for our shareholders while also growing and reinvesting in the company for continued future success. F&B's financial performance is achieved through consistent execution and sustained growth in our engaged customer base. We were thrilled to recently announce our partnership as the official and exclusive retail bank and financial provider to the Pennsylvania State University. Beginning in July, Penn State's 90,000 students, faculty, and staff will have exclusive access to FMV's on-campus banking services, including our proprietary eStore. FMV was also selected as the primary treasury management provider to all Penn State campuses. Our continued success of winning, despite significant competition, demonstrates our capabilities and leadership in the industry. As a core business, university banking highlights another differentiated product offering. In addition to significant investments in AI and digital, FMB's innovative solutions also extend to our ATM network. This month, our first ATM that offers foreign currency disbursement for Canadian dollars and Mexican pesos opened at the new Pittsburgh International Airport. Once again, an industry leader, our ability to offer foreign currency disbursement through an ATM is very rare across the banking industry and builds upon our momentum to improve the ease of banking for current and new customers. We congratulate the airport authority and its leadership on the completion of the new terminal, which includes FMB's state-of-the-art, visually stunning banking center. We are proud to play a role in this transformational Pittsburgh asset with our ATMs and sponsorship. The first quarter reflected a promising start to 2026 with our ability to continue to attract top-tier talent, deploy innovative solutions, and deepen customer relationships. Period-end loan growth of 3.9% annualized linked quarter was driven by poor middle market CNI. It is important to note that our growth has not benefited from NDFI or lending into private credit, a category that we continue to avoid. With that, I would like to now turn the call over to Gary to discuss all of our credit results for the quarter. Gary?