Good day, and welcome to the First Horizon Hurricane Ida update conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing star then zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. 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 Ellen Taylor, Head of Investor Relations. Please go ahead. Thanks, Vaishnavi, and thanks to you all for joining us on such short notice. This afternoon, our CEO, Bryan Jordan, and Chief Operating Officer and Interim CFO, Anthony Restel, will provide some opening comments, and then we'll be happy to take your questions. I need to remind you that we will make some forward-looking statements today that are subject to risks and uncertainties, and we ask you to review the factors that may cause our results to differ from our expectations, which you can find in our SEC filings. Last but not least, our comments reflect our current views, and you should understand that we aren't obligated to update them. With that, I'll turn things over to Bryan. Thank you, Ellen. Good afternoon, and thank you all for joining us. Today, we provided an update on the impact of Hurricane Ida on a portion of our franchise. Our thoughts and prayers go out to those who are dealing with significant hardship and loss of loved ones and property. We are incredibly grateful to our associates who, despite extreme obstacles, continue to put the interests of their fellow associates, communities, and clients ahead of their own. Initial estimates are that the storm left over 1 million businesses and homes without power, with significant impacts to sewer and water access as well. The failure of the power grid and the downstream implications on gas supplies and communications networks continues to unfold. The expectation is that it may be several weeks before basic utilities are restored to a substantial portion of the impacted areas, and that the infrastructure across the region will be extremely fragile. Our business resilience and risk management teams have been hard at work assessing the impacts and taking steps to provide aid to associates, clients, and communities. The strain of the communication systems and roadways, and crucial need to avoid disrupting rescue efforts has added challenges to our initial assessment. It is important to note that outside of banking center closures, our clients have experienced no disruptions to banking services, and we have no major system-wide outages. What we currently know is, at this time, 100% of our approximately 600 associates in the impacted areas have been accounted for, and we are working to provide housing assistance, food, water, ice, and fuel to associates in need. Financial assistance is available through our associate assistance fund, which matches associate contributions. 33% of our banking centers in the impacted areas are open, with many of the remainder without power and water. Our statistical analysis of the loan portfolio indicates approximately 8,900 clients with $3 billion in outstanding loan balances are in areas impacted by Hurricane Ida. However, it is important to note that historically, the impact of relief and insurance proceeds have helped mitigate credit losses following natural disasters and often lead to increased economic activity. We are currently focused on assisting our clients with recovery efforts. In addition to the significant outreach efforts of our frontline personnel, we have committed $1 million to relief efforts in the communities most heavily impacted by the storm. While we are very optimistic about the ultimate resiliency of affected communities, we've had to make some difficult decisions with regard to near-term realities of the impact of the storm on our timing of our upcoming systems conversion. With that, I'll hand it over to Anthony to provide more color. Anthony? Thanks, Bryan. Given the disruption across a substantial portion of the legacy IBERIABANK franchise and the impacts that the storm has had on our clients and employee base, we have determined that our most prudent course of action from a risk management perspective is to postpone the final systems conversion until the first quarter of next year. We did not make this decision lightly. Our biggest concern, beyond the safety and well-being of our associates and clients, is the potential for prolonged delay in basic resources. While our associates are eager to do whatever is necessary to execute on the integration, they are now dealing with additional challenges, both personally and in terms of day-to-day operations of the company. While we are well prepared for the conversion-related activities, the next few weeks were crucial for training and communications and outreach with clients to ensure that they are well prepared for the system changes in order to minimize any surprises. Importantly, our clients are confronted with their own recovery efforts, and we certainly don't want to further complicate matters by changing their banking resources during this challenging time. Additionally, our plans to provide enhanced integration support by sending additional ambassadors from across our franchise to provide targeted customer assistance simply cannot be safely executed given the disruption to a situation that is already more challenging given the spread of the Delta variant. As a result of this delay, we now expect our pre-tax merger cost to increase by approximately $20 million-$30 million to $520 million-$530 million, and that we will achieve our $200 million net savings target in the fourth quarter of 2022. The increase in one-time cost is largely tied to the cost of running disparate systems for another four months, plus the need for the extension of third-party contractors and vendors as well, as additional integration-related customer communication costs. We believe that ultimately this decision is in the best interest of our associates, clients, and shareholders. The delay will provide us more time to ensure that the team is well prepared to help clients navigate the change to the new banking platforms and experiences. Additionally, we believe this will serve to provide a strong foundation to deliver future growth and enhance efficiency. With that, operator, we'll open it up for questions. We will now begin the question-and-answer session. At this time, we will pause momentarily to assemble our roster. Our first question comes from John Pancari with Evercore ISI. Please go ahead. Good evening. Good evening. Just wanted to see if you had any comments around the potential impact to reserves at all. Have you assessed the impact to your borrowers and if there's any need to address the reserve, given any view on credit impact? Thanks. John, this is Bryan, and Anthony can throw in his $0.02 as well. Our early view is that it's likely to have very significant impact to reserve levels. As we had talked in our second quarter call, if the economy continues to recover as it appears to continue doing, we expect a significant reserve release. I think any impact would be maybe a slight variation to reserves that might otherwise have been released. Our sense of the exposure and our historical experience in these types of storms are that you might have some timing differences, but you don't incur significant additional losses as a result en masse. You might have some around the fringes, but we don't think it'll be significant at this point. Right. Okay. All right. That's helpful, Bryan. In terms of on the lending side, are you seeing any impact to the timing of loan closures, loan closings, just given the disruption from the storm that's noteworthy at all? Not significant at this point. We've had some closings and things that sort of carried over from late last week that have been booked and closed. We're reassessing anything that was scheduled to be closed here immediately, both from our perspective and the borrowers, to make sure there's no impact to collateral and things of that nature. I'd say there'd be a little bit of short-term disruption, but I don't think it'll be significant and/or long term. Got it. Just one more from me. I believe you indicated in the client assistant that you've waived some fees. Have you been able to size up the impact of the related fee waivers? It'll be a handful of million dollars, I would guess, at the outside. I don't think it's going to be anything larger than that. It's making sure we have availability at ATMs and anything that might impact by stuff being caught up in a lockbox over the weekend that didn't get processed, things like that. We don't think it'll be very much money at all. We want to make sure that our customers have the ability to bank freely, quickly, and we provide full support for helping them get through this difficult period. Got it. All right. Thanks, Bryan. You're welcome. Thank you, John. As a reminder, if you have a question, please press star then one to be joined into the queue. Our next question comes from Ken Zerbe with Morgan Stanley. Please go ahead. I just had a question. In terms of the systems conversion delay, I totally understand and what people are going through. If the systems conversion was supposed to be in 3Q, and let's say, I don't know, things take two weeks, maybe one month to get back to normal, why does that push the systems conversion 4 months into the future? Yeah. Hey, Ken, it's Anthony. We need a three-day weekend to effectively complete all the processes in a seamless kind of way. The Columbus Day was the last three-day weekend of this year. The next one pops up actually on Martin Luther King, Jr. Day. Unfortunately, for a lot of our clients, that drops right into the middle of their year-end, so it's not good, which then defaults us to Presidents' Day. That makes perfect sense. All right. Okay, thank you very much. Our next question comes from Christopher Marinac with Janney. Please go ahead. Hey, thanks. Good afternoon. Thanks for hosting the call. Just a quick one. As you determined the $20 million-$30 million incremental number, does that tie back to costs for the hurricane, or is it more just the cost to delay this out the four or into February of 2022? No. Yeah, Chris, this is more of the cost to kind of push the conversion date out four months, right? If you think about it, we've got a lot of contractors and vendors and third-party people assisting us to the conversion. There's a lot of knowledge that's been gained from those individuals to help us prepare. We can't let that knowledge kind of walk away. There is some level of expense to keep them current and ready to go when we're ready. Got it. That's helpful. Anthony, just a quick one. What has been the progress on the building of the digital bank and any update there, just in the big picture, separate from the issues this week? Yeah, look, the digital bank was moved on to the new Fintech stack platform. That happened in July. That went very successful. Chris, I'd say the first step is complete. There'll be more to come on that probably early next year. First step went very well. We're very pleased in terms of the performance of the system, in terms of what we wanted to see happen and what occurred once we went live. All things good so far. This concludes our question-and-answer session. I would like to turn the conference back over to Bryan Jordan for any closing remarks. Thank you, operator. The resiliency of the regions impacted by Hurricane Ida is without question. I am awed by the commitment of our associates to serving our clients, communities, and shareholders, even during this time of significant disruption. As history has shown, following natural disasters such as Hurricane Ida, the increased economic activity associated with the rebuilding effort should provide significant opportunities for reinvestment and growth in our markets. We made the decision to delay the systems conversion out of an abundance of caution and to avoid creating additional disruption for our clients. We believe this will ultimately result in better outcomes for our clients and our shareholders. I continue to be confident in our progress toward becoming a top-performing regional bank and our ability to drive strong shareholder value. Thank you all for joining us this afternoon. If you have further questions, please reach out to any of us. Thank you.