Renasant Corporation

Good morning and welcome to the Renaissance Corporation 2024 Second Quarter Earnings Conference Call and Webcast. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing star then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Kelly Hutchison, Chief Accounting Officer with Renaissance Corporation. Please go ahead.

Good morning, and thank you for joining us for Renaissance Corporation's 2024 Quarterly Webcast and Conference Call. Participating in this call today are members of Renaissance Executive Management Team. Before we begin, please note that many of our comments during this call will be forward-looking statements, which involve risk and uncertainty. There are many factors that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. Such factors include, but are not limited to, changes in the mix and cost of our funding sources, interest rate fluctuation, regulatory changes, portfolio performance, and other factors discussed in our recent filings with the Securities and Exchange Commission, including our recently filed earnings release, which has been posted to our corporate site, www.renaissance.com at the Press Releases link under the News and Market Data tab. We undertake no obligation and we specifically disclaim any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time. In addition, some of the financial measures that we may discuss this morning are non-GAAP financial measures. A reconciliation of the non-GAAP measures to the most comparable GAAP measures can be found in our earnings release. And now, I will turn the call over to our Executive Vice Chairman and Chief Executive Officer, Mitch Waycaster.

Thank you, Kelly. Results for the quarter showed solid progress. The balance sheet remained strong, led by growth in traditional deposits that funded an increase in loans. Asset quality metrics continue to reflect our strong credit culture, and credit reserves remain at historically high levels. The income statement reflects ongoing work on expense control and margin stabilization. After the quarter, we announced the sale of Renasant Insurance. Renasant Insurance has been a valued part of the company for a long time. While we felt market conditions made this an attractive move for our shareholders, we look forward to maintaining a relationship with our former colleagues going forward. The financial impact of the sale will be reflected in third quarter results. I will now turn the call over to Kevin.