Regions Financial Corporation

Good morning, and welcome to the Region Financial Corporation's quarterly earnings call. My name is Chris, and I'll be your operator for today's call. I would like to remind everyone that all participants' phone lines have been placed on listen only. At the end of the call, there will be a question and answer session. If you wish to ask a question, please press star 1 on your telephone keypad. A confirmation tone will indicate your line is in the question queue. I will now turn the call over to Dana Nolan to begin.

Thank you, Chris. Welcome to Regions' first quarter 2026 earnings call. John and Anil will provide high-level commentary regarding our results. Earnings documents, which include a forward-looking statement disclaimer and non-GAAP reconciliations, are available in the investor relations section of our website. These disclosures cover our presentation materials, today's prepared remarks, and Q&A. I will now turn the call over to John.

Thank you, Dana, and good morning, everyone. We appreciate you joining our call today. Before we turn to the quarter, I want to take a moment and personally thank Dana for her service and leadership. After nearly 40-year career regions, she's made the decision to retire. Dana's been a steady and trusted voice for our company and an important link between our leadership team and the investment community. Her deep understanding of our business, paired with her clear and straightforward communication style, helps strengthen our credibility with investors and earn widespread respect across the industry. We're incredibly grateful for Dana's leadership and the standards she's set, and we wish her nothing but the very best going forward. Turning to our financial results, this morning we reported strong first quarter earnings of $539 million, more than $0.62 per share. This represents an 11% and 15% increase respectively versus adjusted prior year results. Adjusted pre-tax, pre-provision income was $805 million, up 4% year-over-year, and we generated a return on tangible common equity of 18%. The momentum we saw at the end of last year end carried into the first quarter. We drew loans and deposits on both an average and ending basis, and our credit metrics continue to improve as we resolve our portfolios of interest. Conversations with customers suggest that, despite recent volatility, sentiment remains generally optimistic. Businesses are continuing to manage their balance sheets and income statements prudently, with strong liquidity and solid capital positions. On the consumer side, fundamentals remain relatively sound. Aggregate balance and spending trends for region's customers are stable to modestly positive. The labor markets are not showing signs of material weakness. We are seeing some pressure among lower-income customers, but larger income tax refunds compared to last year have helped offset a portion of that impact. Importantly, our consumer loan portfolio continues to be primarily prime to superprime. We continue to make good progress on our core transformation, including investments in artificial intelligence. We're on track to deploy our commercial lending system and small business digital origination platform this summer. And system testing on the core deposit system is also underway. We expect to launch a pilot in the third quarter and begin conversion in 2027. At the same time, we remain focused on near-term drivers of growth. Our strategic growth hiring initiative is on track, and we continue to make targeted investments in products and services across all three of our lines of business. There's a lot of internal energy and excitement around our technology enablement initiatives, and we're motivated to continue building on that momentum. I'll just conclude by saying that we're pleased with our first quarter results and are excited about the opportunities that lie ahead. With that, I'll hand it over to Anil to walk through the quarter in more detail. Thank you, John.