I would now like to turn the presentation over to Steven Nell, Chief Financial Officer for BOK Financial Corporation. Please proceed. Good morning, and thanks for joining us. Today, our CEO, Stacy Kymes, will provide opening comments. Marc Maun, Executive Vice President for Regional Banking, will cover our loan portfolio related credit metrics. Scott Grauer, Executive Vice President of Wealth Management, will cover our fee-based results, and then I'll provide details regarding key financial metrics. PDFs of the slide presentation and Q3 press release are available on our website at bokf.com. We refer you to the disclaimers on slide two regarding any forward-looking statements we make during the call. I'll now turn the call over to Stacy Kymes. Thank you, Steven. Good morning, and thanks for joining us to discuss BOK Financial's Q3 financial results. Starting on slide four, Q3 net income was $156 million, or $2.32 per diluted share. Results reflected another very strong quarter that demonstrates our diverse earnings mix. The Q3 ranks as the third highest in the bank's earnings history, trailing only the Q2 and Q3 of 2021, both of which had negative loan loss provisions. Pre-provision net revenue increased $42 million linked quarter as we grew core loans, experienced significant margin expansion, and benefited from our diverse fee income base. Short-term interest rates continued to rise during the quarter, and our asset-sensitive balance sheet responded accordingly. Our net interest margin increased 48 basis points linked quarter due to loan portfolio that is heavily weighted to variable rate loans. Fee income increased linked quarter as institutional trading took advantage of favorable market conditions and investment banking set a quarterly record for fee income, primarily in municipals. Our asset quality credit trends remain unsustainably good, but we did add to our credit loss reserve this quarter in recognition of the loan growth and less certainty in the economic outlook. Turning to slide five, period-end core loan balances increased $522 million or 2.5% linked quarter with commercial real estate the primary driver. Overall, unfunded loan commitments continue to grow up $1.1 billion linked quarter with utilization rates still low. While average deposits continue to remain high compared to pre-pandemic levels, we saw a decrease of $1.5 billion or 4% this quarter, with virtually all of that in interest-bearing balances. These declines were consistent or even better than our expectations, given the rapid actions of the Federal Reserve to move short-term rates higher. The third quarter loan to deposit ratio increased to 59.8% from 55.1% last quarter. Assets under management or administration were relatively flat linked quarter at $95.4 billion and are down 3.5% compared to last year, driven by market impact on equities, which comprise approximately 1/3 of the total. I'll provide additional perspective on the results before starting the Q&A session, but now Marc Maun will review the loan portfolio and our credit metrics in more detail. I'll turn the call over to Marc. Thanks, Stacy. Turning to slide seven, period-end loans in our core loan portfolio were $21.8 billion, up 2.5% linked-quarter. Year-over-year, core loans have now grown $2 billion or 9.9%. Total C&I loans were relatively flat linked-quarter, with growth in healthcare and general business offset by declines in energy and services. Growth trends in commercial real estate loans are traditionally lumpy, as evidenced by this quarter's strong results. Linked-quarter balances increased $368 million or 9%, with $248 million of the increase from loans secured by multi-family residential properties and $150 million increase in loans secured by industrial facilities. Unfunded commercial real estate commitments increased 18% linked-quarter. Year-over-year, commercial real estate balances increased 8.7%, consistent with the rest of our lending businesses. Healthcare balances increased $130 million or 3.5% linked-quarter, primarily driven by our senior housing and hospital acute care sectors. Healthcare unfunded commitments increased 14% linked-quarter, which we expect will drive additional balance growth. Energy balances declined $21 million this quarter, but have increased $558 million or 20% year-over-year. Unfunded commitments increased just over 3% linked-quarter, resulting in an average utilization rate of approximately 50%, creating more capacity for continued balance sheet growth. Services and general business loans did decline 1.2% linked-quarter, but have increased $396 million or 6.6% compared to 30 September 2021. Unfunded commitments in the combined services and general business categories increased 6.6% linked-quarter, slightly lowering utilization rates. Utilization rates continue to run below pre-COVID levels, so we still have significant capacity to increase the outstanding loan balances without it being predicated on any new customer acquisition. Over the last 12 months, core loans have grown $2 billion or just under 10%, with annualized year-to-date growth of just over 12% for 2022. Although we don't expect loan growth to continue at this pace, we believe that the momentum we've experienced up to this point will continue as we close out the year and roll into 2023. Now turning to Slide eight, you can see that credit quality continues to be exceptionally good across the loan portfolio. Nonaccrual loans increased $17 million in the Q3, primarily due to two loans, one in healthcare and another in services. Our criticized assets continue to decline, and as a percentage of tangible equity and loan loss reserves remain at levels not seen in the last 10 years. We took a $15 million provision for expected credit losses this quarter, considering continued strong loan growth and changes in our reasonable and supportable economic forecast, which were primarily related to a more challenging economic outlook from the Federal Reserve's continued actions to control inflation. Given our solid credit position today, a ratio of capital allocated to commercial real estate that's substantially less than our peers', and a history of outperformance during past credit cycles, we believe we are well-positioned should another economic slowdown materialize in the quarters ahead. We realized net charge-offs of only $457,000 during the Q3. Net charge-offs have dropped to an average of 2 basis points over the past four trailing quarters, which is far below our historic loss range of 30 basis points-40 basis points. Looking forward, we expect net charge-offs to continue to be low. The combined allowance for credit losses was $298 million, or 1.37% of outstanding loans at quarter end. We expect to maintain this ratio or to migrate slightly upward as we expect strong loan growth to continue, as well as continued economic uncertainty due to market conditions as the Fed pursues their goal of reining in inflation. Both of these conditions support credit provisions going forward. Now I'll turn the call over to Scott. Thanks, Marc. Turning to Slide 10, total fees and commissions were $193 million for the Q3, a $19 million linked-quarter increase. Trading fees increased $15 million linked-quarter as we took advantage of favorable market conditions and increased market volatility. Our commodity and hedging activities were flat linked-quarter at $13 million, but actually set a new quarterly record, slightly topping last quarter's record. Our bank-wide investment banking activities also established a new record quarter, with fees increasing $2.4 million to $14 million, led by record results from our municipal investment banking segment. While lumpy in their timing, the combination of our investment banking activities from our wealth and commercial segments provide another solid source of diversified revenues. Fiduciary and asset management fees were relatively flat linked-quarter with a $352,000 increase. The second quarter included seasonal tax preparation fees, creating a linked-quarter decline that was offset by reduced fee waivers in our Cavanal Hill funds, driven by the increase in short-term interest rates. We have now eliminated all of our fee waivers. Our assets under management or administration were virtually flat linked-quarter at $95 billion, despite a 5% linked-quarter decline in equities. Our current mix of assets under management are 45% fixed income, 32% equities, 14% cash, and 9% alternatives. Our relationship-centric model and product offering continues to serve our clients' needs today as we help them manage market volatility. Deposit service charges increased slightly this quarter, with growth driven primarily from our consumer segment. Year-to-date, approximately 24% of deposit service charge fees were consumer-related overdraft program fees. We're implementing changes to our overdraft program in the Q4 that will reduce those consumer fees by approximately $2.5 million per quarter. Mortgage banking revenue was flat linked-quarter, with production revenues down $1.9 million due to a $76 million decline in production volumes combined with narrowing margins. Mortgage servicing fees increased $1.8 million this quarter and are 26% higher than Q3 last year. During the last 12 months, we've strategically acquired servicing of approximately $6 billion of unpaid principal balances that will add $15 million of annual servicing revenue. I'll now turn over the call to Steven to highlight our net interest margin dynamics and the important balance sheet items for the quarter. Steven? Thank you, Scott. Turning to Slide 12, Q3 net interest revenue was $316 million, a $42 million increase from last quarter. Interest and fees on loans increased $60 million, largely due to a 97 basis point increase in loan yields. Loan yields increased as our variable rate loans repriced in response to the recent increase in short-term interest rates. Our balance sheet is asset sensitive, with the majority of our commercial and commercial real estate loans repricing in a year or less. Interest income on securities increased $7 million linked quarter as average yields increased 29 basis points, primarily due to higher yields on the trading portfolio and higher reinvestment rates on our available-for-sale portfolio. Total interest expense increased $27 million linked quarter, primarily due to a 45 basis point increase in the average rate of interest-bearing liabilities while those related average balances fell $1.6 billion. The average effective rate on interest-bearing deposits increased 39 basis points this quarter. Average earning assets decreased $534 million compared to the last quarter. Average loans increased $542 million, offset by a $989 million decline in the trading securities portfolio. Average total deposits declined $1.5 billion, with materially all of that from interest-bearing balances, which was consistent with our expectations given the upward trend in term rates. Net interest margin was 3.24%, a 48 basis point increase linked-quarter, with the increase driven by the 30 basis point increase in net interest revenue spread and the 18 basis point increase in the benefit from non-interest-bearing funding sources. With our current asset-sensitive position and given the expectations for further increases in short-term rates, we expect to capture significant benefit in the Q4 and into 2023. Turning to slide 13, we highlight further our asset-sensitive balance sheet position and expect our performance in a rising rate environment to be similar to that experienced during the last rate-hiking cycle from 2015 to 2019. Using our standard modeling, assuming a parallel shift up 200 basis points gradually over 12 months relative to rates as of the end of Q3, net interest revenue would increase 1.65% or approximately $24 million. Over the following 12 months, the total benefit increase is 4.15% or $67 million. Asset sensitivity for the first 12 months would be reduced to an approximately neutral position in a flattening scenario where short-term rates increase 200 basis points while long-end rates increase 100 basis points. I'll provide more color in a moment when I talk about our specific forward guidance for net interest margin. On slide 14, you can see that our liquidity position remains very strong. Our loan-to-deposit ratio increased to 59.8% this quarter from 55.1% at 30 June 2022 due to the combined impact of a $2.2 billion decrease in total deposits and a $499 million increase in loan balances this quarter. Our sufficient on-balance sheet liquidity has us well positioned to meet future increasing customer loan demand. Our capital position remains strong as well, with a Common Equity Tier 1 ratio of 11.8%, well above regulatory thresholds. With such strong capital levels, we once again were active with share repurchases, optimistically repurchasing 548,000 shares at an average price of $91.20 per share in the open market. We expect to be active in repurchasing shares during the Q4. Turning to slide 15, year-over-year total expenses increased only 1.2%, with a 3.1% decline in personnel expense and a 7.8% increase in non-personnel. Linked-quarter total expenses increased $21 million. $15 million of the linked-quarter increase comes from personnel expense, with $10 million of that increase related to deferred and share-based compensation. These categories are influenced by market valuations and forecasted annual results compared to a peer group and can move around quarter to quarter. Linked-quarter cash-based incentives also grew $4.9 million due to the strong sales results in our commercial and wealth segments. Non-personnel expense increased $6 million linked-quarter, with professional fees and occupancy the primary drivers. Project-related spend drives the professional fee increase, while the increase in occupancy is seasonal, related to annual common area maintenance charges combined with increased utility costs. Given that we have met or exceeded the guidance for key balance sheet and earnings drivers that we identified for 2022, the forecast and assumptions will focus on the next 15 months. We are not ready to provide more formal assumptions for 2023, as that remains a work in progress for us, but I do think the following key assumptions may be helpful given our level of earnings outperformance over the last couple of quarters. We currently expect mid- to upper single-digit annualized loan growth. Our geographic footprint remains very strong and may outperform in this cycle given the high level of business migration from other markets and the role energy plays in our footprint. We have a strong base of core deposits and expect demand deposits to remain relatively stable, while our loan-to-deposit ratio migrates up over time. We follow the forward curve when modeling our rate outlook. Currently, we are assuming a 75 basis point increase in November and December and a 25 basis point increase in February of 2023 before the Federal Reserve pauses. We believe the margin could migrate to 3.50% or modestly higher in the first half of 2023 before stabilizing and declining modestly due to the lag effect of deposit betas. The September net interest margin was 3.35%. Operating revenue is very diverse and some components are market-dependent and even countercyclical, but we expect total operating revenue should be in a range between the Q2 2022 and the Q3 2022 reported amounts. We expect expenses to rise over the next five quarters, but not at the level of revenue growth. This will allow the efficiency ratio to stay below 60%, with changes driven up or down by the revenue mix in each period. Our allowance level is above the median of our peers, and we expect to maintain a strong credit reserve with a less certain economy. Current asset quality is very strong and does not foreshadow material deterioration, but this could change as the economic outlook becomes more clear. We expect to continue our quarterly share repurchases. I'll now turn the call back to Stacy Kymes for closing commentary. Thanks, Steven. Q3 results are very exciting and an excellent example of how the bank's operating model is positioned for earnings growth in this environment. We are experiencing benefit from our asset-sensitive balance sheet position, consistent quarterly loan growth across our geographic footprint and across business line sectors, as well as our diverse fee base. We are positioned to benefit from various market conditions. Rising short-term interest rates have had a negative impact on our mortgage-related business but have significantly benefited our lending areas and related margin. Markets have negatively impacted our assets under management, but volatility has benefited our trading and commodities businesses. Offering a broad selection of products to our client base is producing the top-line revenue growth we set our focus on at the beginning of the year. We expect the Federal Reserve to continue their aggressive inflation-fighting strategy with further increases to short-term interest rates, which will drive further margin expansion and revenue for the bank. Credit quality continues to be very stable and better than pre-pandemic levels, though it is likely unsustainable. We continue to maintain a combined allowance above the median of our peers as we institutionally believe in strong credit reserves in less certain times. We are in a stage where the outcome of investing in strong banks versus trading the sector are expected to matter. Banks with thoughtful growth, a diverse business mix, meaningful core deposits, and proven credit discipline should outperform. We are well-positioned however the economy should shift, favorable or negatively, in the coming year. With that, we are pleased to take your questions. Operator? Thank you. At this time, we'll be conducting a question-and-answer session. If you'd like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you'd like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment, please, while we poll for questions. Our first question comes from Jared Shaw with Wells Fargo Securities. Please proceed with your question. Hey, everybody. Good morning. Hey, Jared. Good morning, Jared. Maybe starting with the loan growth outlook. Can you share some of the, I guess, assumptions for what you think utilization rates do with that? Then maybe, you know, more broadly, what you're hearing from your customers in terms of sentiment and desire to, I guess, invest new money in this environment, and whether that's, you know, more broadly across the whole group or even more specifically on the energy side? Sure, Jared. Let me try to address both of those, and if I miss something, just feel free to follow up. First of all, as we look at utilization, that really didn't factor significantly into how we were thinking about the next 15 months in terms of the loan guidance. Clearly, from my perspective, enhancement in utilization would accelerate the loan growth. We're not seeing really material changes in utilization at all. We're still well below where we were broadly pre-pandemic. There's material opportunity for moving loan growth even higher than what we estimated if utilization rates begin to move up meaningfully. As it relates to customer and borrower sentiment, I would tell you in my career, I can't remember a different time in terms of what you saw and heard on the financial media versus what we're talking about with our customers. You know, our customers are as optimistic about their business than I've heard them talk about in many, many years. I don't know if it's our footprint. We have a really fantastic growth footprint with Texas and Phoenix and Denver as kind of core growth markets for us. I don't know if it's the energy piece, where I think we are benefiting from a bit higher energy, sustained higher energy prices in our core markets of Colorado, Texas, Oklahoma, and even New Mexico. Borrower sentiment is very, very positive. They're clearly dealing with labor and supply chain issues, but those seem to be getting better. They're able to price and have margins in their business that help them accommodate those higher labor costs or supply chain challenges. There's a real shifting sentiment, I think, between what we hear from people on the ground who are running their businesses every day in our markets versus perhaps what the financial press would have us believe is a near recession or recessionary environment. Okay. That's great color. Thanks. You know, maybe shifting to the outlook on margin. What are some of the assumptions around beta through the cycle now with you know, now that you've seen sort of a good quarter of a real-life example? As we look at DDA, when you say that's stable, are you saying stable as dollars or stable as a percentage of the mix? I guess, and how does that factor into the beta outlook? Yeah, Jared, this is Steven. The latter part of your question there about deposits and demand deposits, I think we're talking about as a percentage. I mean, you know, we may expect a little bit of deposit attrition in the Q4, just like we did in the Q3. DDAs have been very stable. They're staying around 41% of our entire deposit base. I think that we feel like that'll be the, you know, what will play out in the Q4. Deposit betas for the Q3 were around 26%. They'll probably migrate a little higher in the Q4, maybe towards 40% or will range somewhere through the cycle, at the end of the year, maybe between 30% and 40%. You know, you put this in context, we've got 60%, slightly below 60% loan-to-deposit ratio. We've got room here to be opportunistic if we want to be. Our funding levels are great, but certainly, we'll need to migrate, I would say, betas a little bit higher with the market. This is Stacy. I think, you know, there's all this focus on deposit betas, and understandably so in this cycle. Our loan betas have been pretty strong given the variable nature of our loan portfolio. We're really benefiting from that as well as controlled deposit costs as we move forward, which is why we were able to guide relative to our margin to a much higher level than we are today. We ended September higher than we did for the quarter, and we're optimistic about the margin as we move into 2023. Great. Thanks a lot. Our next question is from Brady Gailey with KBW. Please proceed with your question. Hey, thanks. Good morning, guys. Hi, Brady. Good morning. I just wanted to start with some average earning asset balances. I mean, if you look at the bond book and the trading security portfolio, both of those have been trending down year to date. Do you expect those to be close to stable, or do you think those balances will continue to somewhat trend down as loans grow? Well, the AFS portfolio, excuse me, is down, but part of that is because we shifted some to held-to-maturity last quarter, so that may be part of what you're seeing there. I really don't expect AFS securities to go down. In fact, I think we've got pretty decent opportunity with mortgage spreads moving into the Q4 and part of next year. We may actually grow that portfolio a bit, which I think would serve two purposes. I think we'd get some good spread on that portfolio, but we would also use that to migrate back a little bit more towards neutral as we get towards perhaps the end of the rate hike cycle. On the trading portfolio, Scott can talk a little bit about that, but it was down on average, but the margin's really good in that business. Scott can talk a little bit about the outlook for balances and the outlook for that business. Yeah. Brady, this is Scott. I think that Steven, you know, summarized it well. I think that in terms of our trading balances, I think they've stabilized and, you know, we were able, and really our team has done a great job on the desk, particularly in the mortgage space, of maximizing the opportunities as day-to-day volatility has widened bid-ask spreads. So we've been able to produce results with lower balances there as kind of the, you know, the institutional market is waiting for the settling period where rates have kind of begin to settle in. To the extent that we get a little bit more predictability in the outlook for rates and the Fed moves, I think what we'll see is we'll settle into maybe a little bit higher balances on that as the market settles out a bit. But right now, with the volatility that's there, we think that it's, you know, advantageous for us to be a little bit more opportunistic and take advantage of that volatility on various days. Scott, you may also comment. I mean, the diversity of that trading revenue has changed a bit over the last 12 months. Sure. You know, when you look at the total revenues generated from our securities portfolio, our institutional desks, clearly, you know, mortgage-backed securities continue to command about a 20% of our total revenue mix on the trade desk side. We've seen our municipal activity consistently inching up to where it's now edging in at roughly 16% of that revenue mix. We've seen increase there. We've seen, for obvious reasons, the emergence of Treasury volumes and Treasury activity as all investors across the size scale are taking advantage of the rates and the yields available in the Treasury market itself. That mix has continued to evolve and change. As Stacy mentioned, you know, we've dominated that mix in the mortgage-backed security side for years. As that sector has experienced challenge and lower volumes and flows, we've been able to pivot and take advantage of other spaces and other sectors in the fixed income market. All right. My second question was just on capital. Your common equity Tier 1 is almost 12%, so you guys clearly have excess capital. Is there a target in mind you would like to get that common equity Tier 1 down to? I'm just trying to figure out. You're pointing us to more buybacks in the Q4. Yeah. You know, could buybacks continue at a material pace for the next few years? I think they could. Yeah, we don't really have a target that we're shooting for necessarily. There's a lot of factors that go into that. I was really happy to grow capital this quarter. I mean, we had the earnings, of course, but we bought back $50 million of stock, paid a $35 million dividend, and supported all of the loan growth, which was around 10%, and still grew capital levels. I'm very happy with that. I'm happy with the levels. It gives us a lot of room if we wanna use some of that capital for buyback in the future, which we'll do. We're staged pretty well from a capital perspective. All right. Then finally for me, just on the reserve ratio, it was up a little bit linked-quarter, up about four basis points. You know, as the economy potentially continues to weaken here, do you expect that ratio to kinda continue to trend higher? Well, this is Marc. I would say that we'll monitor what we think is going on in the economy and make our economic forecast accordingly. If it creates more uncertainty or the downside case becomes more viable, then it might have an effect on that ratio. Loan growth was the primary driver for it, and certainly some on uncertainty. The asset quality continues to be exceptionally good. While it may be unsustainable in a more difficult economy, it's at a level that we feel very comfortable given the size of the reserve that we are well positioned to deal with any issues that might arise from that. I wouldn't see. It'll depend a little bit on what we see in the economic outlook. Okay, great. Nice quarter. Thank you, guys. Thank you. Thank you. Our next question is from Brett Rabatin with Hovde Group. Please proceed with your question. Hey, guys. Good morning. Good morning. Good morning, Brent. Wanted to go back to fee income for a second and just, you know, talk about the, in particular the, brokerage and trading, and just thinking about like the obviously, a really strong quarter in Q3. Can you just talk about like how you think a sustainable level of that business might be and, you know, maybe how to think about the related compensation that obviously dropped through to personnel? Certainly, Steven and Scott can discuss any specifics you have. I think broadly, what we were trying to do with the guidance we provided was indicate that, you know, there's lots of categories inside of our non-interest revenue, and they move around from quarter to quarter. Providing guidance on specific categories is difficult, but when you start to look at it in total, it's a little easier to guide to. We had a strong Q2. We had a great Q3 on non-interest revenue. If you look at the guidance that Steven discussed in his comments, I think that gives you a really good band of where we think non-interest revenue could be in the coming quarters. Okay. Appreciate that color. Wanted to go back. You talked about the unsustainable level of asset quality, and obviously things are really pristine. Was curious if you had any comments. I noticed there's a strange situation with the West Texas gas, natural gas situation, where it's actually trading at a negative level with some pipeline issues they have. Does that impact, do you think, energy in West Texas for you at all? No. I mean, we certainly have our customers that have, you know, we've always had good hedge program with them, and those temporary market moves do not really impact us at all. Okay. Lastly for me, wanted to make sure I understood the commentary around, you're expecting deposit levels to basically be kind of stable from here, but it also sounds like you're expecting to do some securities purchases, you know, and fund loan growth. I was trying to understand the dynamic of the balance sheet and the margin from here. You had balance sheet shrinkage in the Q3, but it sounds like you are expecting the balance sheet to grow from here. Is that a fair assessment? I think that's a fair assessment. I wanna go back to your deposit comment. We're not gonna keep deposits level. I mean, I do think there'll be some attrition of deposits in the Q4, maybe similar to what happened in the Q3. That part of the balance sheet will shrink. We'll make that up through some wholesale borrowing source, which we have tremendous liquidity there. I think we can continue to grow loans. I think there's an opportunity to grow the AFS portfolio a little bit. I'm not prepared to give guidance on that yet until we put our budget together, but I do think we're migrating towards that decision where we could add some AFS mortgage-backed securities and gain some spread there. I would say, yeah, the balance sheet probably does grow with continued loan growth, adding to AFS. To Scott's point, maybe there's an opportunity on the trading portfolio side to move that a little bit higher over time. We'll be able to fund that very effectively with other borrowing sources other than, you know, deposit growth. Okay. It certainly seems like your balance sheet's better positioned than most in this environment, so congrats on the quarter. Thank you. Thank you. Our next question comes from Jennifer Demba with Truist Securities. Please proceed with your question. Thank you. Good morning. Good morning. Hey, the asset quality looks terrific. I'm wondering if you're seeing anything within the portfolio, any negative migration trends in any segments, that are worth noting. I mean, I think the only thing we've seen at all, in the last quarter or two is maybe charge-offs with some companies who've had, supply chain issues. Just wondering what you're seeing in your portfolio. We really are seeing nothing systemic. You know, we've had a one-off here, one-off there in the Q3, but we still reduced our overall problem loans in the Q3. The outlook for the Q4 isn't much different in terms of that migration. We're gonna, you know, we'll continue to monitor it. We think our credit culture has been highly disciplined, you know, for quite some time, so that as we go into a potential recession, you know, our customers are better situated to withstand it and not see material losses. You know, we're very comfortable with it right now, but we're certainly watching it to see if we see anything occur that's more systemic. Great. Thank you. As a reminder, if you'd like to ask a question, please press star one on your telephone keypad. One moment please while we poll for questions. Our next question comes. What's his name? Rob. Hey, Rob. We got cut off or not? Matt, are you there? Matt Olney. I think he was reaching out to you for a question, and we got cut off here from the operator. Ladies and gentlemen, we apologize for the technical difficulty. We do have an additional question coming from the line of Matt Olney with Stephens. Please proceed with your question. Hey, guys. Good morning. Hey, Matt. Just wanna circle back on a few topics. Just to clarify the slide you have on the forecast and the assumptions. Yep. When you mention the operating revenues should be in the range between Q2 and Q3, I think you're talking about on the fee side, the commissions and fees. Am I interpreting that right? That's correct. Yes. Fees and commissions. Okay. Uh. I think that slide more or less says not just Q4, but kind of the next five quarters. Fees and commissions in that range the next five quarters. Is that right? Yeah, that's, I mean, that's a little harder to go out that far. Certainly, we're comfortable with that Q2 result, Q3 result, somewhere in that range. If you look at the composition of all of our fee businesses, we feel like we can achieve somewhere in that neighborhood. That's what we're trying to say there. Okay. Well, I appreciate that. I get it. It's tough to forecast some of those lines. Specifically, one of those lines has been doing very strong more recently. The syndication fees have been running pretty hot the last few quarters. Any change of strategy or any big driver of why that's been so strong over the last few quarters? No, I don't think it's really a change of strategy. It's somewhat a maturing of the effort that we've undertaken for the last several years. It's a top of mind effort across all our business lines. The increased focus has given us the opportunity to build that business, and we expect to continue to do so. It's a very strong team, and I think Marc's right. It's how we've matured this business. Clearly, our energy presence and our ability to lead larger deals and our how we're viewed in the marketplace as an energy lender has helped us. Really the growth there has been widespread. Okay, thanks for that. Changing gears on the securities portfolio on the AFS, Steven Nell, last quarter you pointed towards those yields could be moving quite a bit higher, and we definitely saw that in the Q3. Mm-hmm. It sounds like spreads remain favorable. Could we see even more improvement as we look towards the Q4 there? We could, yes. You know, we're getting $150 million or so a month, you know, or $50 million-$500 million of cash flow a month. Currently, we're reinvesting some of those dollars at 5%. You could definitely see that portfolio yield migrate higher in the Q4. Okay. Going back to the funding side. I think what I heard you say was deposit balances were down in the Q3, but you think that could level out in the Q4. The incremental funding here, I guess, would be more on the wholesale brokerage side. Is that right? Well, I still believe deposits will move down and the deposit balance is in the Q4. I just think that will happen. You know, 50% of our deposits are on the commercial side. The other 50% are split pretty evenly between consumer and wealth. You know, with higher rates coming, there'll be more opportunity for some of those clients, I'm sure, to move to something off our balance sheet. With balance sheet growth on both loan and the security side, we'll turn towards other sources of funding, which we have an abundance of that capacity on as a company. Yep, makes sense to me. Okay, thanks, guys. Thank you. We've reached the end of the question and answer session. I'd now like to turn the call back over to Steven Nell for closing comments. Well, thanks again, everyone, for joining us. If you have any further questions, you can call me at 918-595-3030 or email at ir@bokf.com. Everyone have a great day. Thank you. This concludes today's conference. You may disconnect your lines at this time, and we thank you for your participation.