Triumph Financial, Inc.

Welcome to the TRENV Bancorp, Inc. 4Quotas 2021 Earnings Conference Call. My name is Juan and I will be coordinating your call today. If you would like to ask a question during the presentation, you may do so by pressing star 1 on your telephone keypad. I will now hand over to your host, Luke Weiss, Vice President of Investor Relations, to begin with. Please, Luke, go ahead.

Good morning. Welcome to the Triumph Bancorp conference call to discuss our fourth quarter and full year 2021 financial results. Before we get started, I would like to remind you that this presentation may include forward-looking statements. Those statements are subject to risks and uncertainties that could cause actual and anticipated results to differ. The company undertakes no obligation to publicly revise any forward-looking statements. If you are logged into our webcast, please refer to the slide presentation available online, including our safe harbor statement on slide two. For those joining by phone, please note that the safe harbor statement and presentation are available on our website at www.triumphbankcorp.com. All comments made during today's call are subject to that safe harbor statement. I'm joined this morning by Triumph's Vice Chairman and CEO, Aaron Graft, our Chief Financial Officer, Brad Ross, Todd Ritterbush, our Chief Lending Officer, Jeff Brenner, our CEO of Triumph Business Capital, and Ed Schreier, our President and COO of Triumph Pay. After the presentation, we will be happy to address any questions you may have. At this time, I'd like to turn the call over to Aaron. Aaron? Thank you, Luke. Good morning.

For the fourth quarter, we earned net income to common stockholders of $25.8 million, or $1.02 per diluted share. By almost any measure, this was a remarkable quarter. We did have one unusual item this quarter to accrue for the cost of our Strategic Equity Grant, which I will discuss later in the call, which was a 23-cent drag on reported EPS. Last quarter, we introduced you to the metrics that matter at TriumphPay. During the fourth quarter, Triumph Pay processed approximately 4 million invoices, paying just over 120,000 distinct carriers. That represents an increase of about 50,000 distinct carriers, or 70% compared to the fourth quarter of 2020. Fourth quarter payments processed totaled approximately 5.2 billion, a 25% increase over the prior quarter,