FIRST REPUBLIC BANK

Greetings and welcome to First Republic Bank's first quarter 2022 earnings conference call. Today's conference is being recorded. During today's call, the lines will be in a listen-only mode. Following the presentation, the conference will be opened for questions. To join the queue, please press star 1 on your telephone keypad at any point during the call. I would now like to turn the call over to Mike Ionelli, Vice President and Director of Investor Relations. Please go ahead.

Thank you and welcome to First Republic Bank's first quarter 2022 conference call. Speaking today will be Jim Herbert, founder and executive chairman. Mike Roffler, CEO and president. Mike Selfridge, chief banking officer. Bob Thornton, president of private wealth management. Olga Sokova, chief accounting officer and acting chief financial officer. Before I hand the call over to Jim, Please note that we may make forward-looking statements during today's call that are subject to risks, uncertainties, and assumptions. For a more complete discussion of the risks and uncertainties that could cause actual results to differ materially from any forward-looking statements, see the bank's FDIC filings, including the Form 8-K file today, all available on the bank's website. And now I'd like to turn the call over to Jim Herber.

Thank you, Mike. Good morning, everyone. I'd like to make a few introductory comments before I turn this over to the team. Let me start by saying I am very pleased that the Board of Directors has appointed Mike Roffler as CEO. Mike joined us more than a decade ago prior to the management buyback of the bank. His leadership contributions have been felt far beyond his previous role as Chief Financial Officer. Mike truly embodies our service culture and growth mindset. Most importantly, This appointment ensures the continuity of our very differentiated service-based business model. Mike and our experienced leadership team have a deep understanding of what makes First Republic uniquely successful, including the empowerment of our colleagues, our steadfast focus on safety and stability, and our dedication to extraordinary client service. This model has delivered consistently profitable results and strong, steady growth for 36 years. through a very wide range of economic and geopolitical environments. In my new role as executive chairman, I look forward to leading the board, engaging with our largest clients and shareholders, while focusing on our strategy, corporate culture, and supporting Mike and the rest of the team as they carry the First Republic model forward. As you can see from today's terrific earnings results, the continuity of our culture and business model continues to deliver consistent, very good results. Now let me turn the call over to Mike.