Triumph Financial, Inc.

Morning. It's 930 in Dallas, and we're excited to chat with you this morning. Thank you for your interest in Triumph, and thanks for taking the time to join us to discuss our fourth quarter and full year 2024 results. With that, let's get to business. Aaron's letter last evening discussed the quarter's results and introduced a new segment. We are excited about many things happening at Triumph now, but probably most excited about the opportunities we see developing from the density established in our network. We are helping America's truckers get paid with greater speed, accuracy, and transparency than was ever possible before. And we're allowing our partners to benefit from our transportation technology investments. That quarterly shareholder letter published last evening and our quarterly results will form the basis of our call today. However, before we get started, I would like to remind you that this conversation 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 statement. For details, please refer to the safe harbor statement in our shareholder letter published last evening. All comments made during today's call are subject to that safe harbor statement. With that, I'd like to turn the call over to Aaron for a welcome and to kick off our Q&A. Aaron?

Thank you, Luke, and thank you all for joining us today. As always, I hope that you found the shareholder letter valuable, both in looking back at 2024 and and also looking ahead into the future. I am sure some of our announcements in the letter will generate many questions, so we will get to those quickly. But before I do, I want to say just a couple of things. Touching 50% of all brokered freight transactions in the United States is a big deal. It's worth celebrating. Eclipsing over $100 billion in total payments since we created our payment segment is also a milestone worth celebrating. And it's those milestones and all that went into doing those things that has paved the way for where we go from here. It puts us in a position to help the freight industry transact confidently. That is our brand promise. And then we know that if we do that, with ever-improving offerings that our investors are going to be rewarded, our team members will share in the success because our customers will be delighted. And that's the work we're excited to do. With that, we look forward to taking your questions.

We will now go to Q&A. If you have connected via Zoom and would like to ask a question, please use the raise hand feature at the bottom of your Zoom window. Or if you have dialed in, press star nine. Once called upon, please feel free to unmute and ask your question. Please limit to one question and one related follow-up. Our first question will come from Timothy Switzer with KBW. Your line is open. Please go ahead. And star six to unmute Timothy.