Live Oak Bancshares, Inc.

Good morning ladies and gentlemen and welcome to the Q1 2025 Live Oak bank shares earnings call. At this time all participant lines are in the listen only mode. Following the presentation we will conduct a question and answer session and if at any time during this call you require immediate assistance please press star zero for the operator. Also note that this call is being recorded on Thursday April 24, 2025. I would now like to turn the conference over to General Counsel and Chief Risk Officer, Greg Seward. Please go ahead, sir.

Thank you. Good morning, everyone. Welcome to Live Oak's first quarter 2025 earnings conference call. We are webcasting live over the internet, and this call is being recorded. To access the call over the internet and review the presentation materials that we will reference on the call, please visit our website at investor.liveoakbank.com and go to the events and presentations tab for supporting materials. Our first quarter earnings release is also available on our website. Before we get started, I would like to caution you that we may make forward-looking statements during today's call that are subject to risks and uncertainties. Factors that may cause actual results to differ materially from our expectations are detailed in the materials accompanying this call and in our SAC findings. We do not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of today's call. Information about any non-GAAP financial measures referenced, including reconciliation of those measures to GAAP measures, can also be found in our SEC filings and in the presentation materials. I will now turn the call over to Chip Mahan, our Chairman and Chief Executive Officer.

Thanks, Greg, and good morning. As was our custom last time, I'll be handing the mic over to B.J. Loesch of All Fifer for their prepared comments. Chief Credit Officer Michael Carnes and I will be joining for the Q&A. Let's go, B.J.