Operator: Welcome to the SunTrust Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Today's conference is being recorded. If you have any objections, you may disconnect at this time.
Now, I'll turn the meeting over to Kris Dickson, Director of Investor Relations. Thank you, you may begin.
Kristopher Dickson - IR Manager: Good morning, everyone, and welcome to SunTrust second quarter earnings conference call. Thanks for joining us today. In addition to the press release, we've also provided a presentation that covers the topics we plan to address during our call today. The press release, presentation and detailed financial schedules are available on our website, www.suntrust.com. This information can be accessed by going to the Investor Relations section of the website.
With me today among other members of our executive management team are Bill Rogers, our Chairman and Chief Executive Officer; Aleem Gillani, our Chief Financial Officer; and Tom Freeman, our Chief Risk Officer.
Before we get started, I need to remind you that our comments today may include forward-looking statements. These statements are subject to risk and uncertainty and actual results could differ materially. We list the factors that might cause actual results to differ materially in our press release and SEC filings, which are available on our website. During the call, we will discuss non-GAAP financial measures and talking about the Company's performance. You can find the reconciliation of these measures to GAAP financial measures in our press release and on our website at www.suntrust.com.
Finally, SunTrust is not responsible for and does not edit nor guarantee the accuracy of our earnings teleconference transcripts provided by third parties. The only authorized live and archived webcasts are located on the website.
With that out of the way, I'll turn it over to Bill.
William H. Rogers, Jr. - Chairman and CEO: Okay, Kris, thanks. In our normal fashion I will begin today's call with some brief comments on our performance this quarter and then pass on to Aleem to provide the details on the results. The high-level points are shown Slide 3 of our presentation.
Core performance continued to steadily improve this quarter. Net income to common shareholders was $270 million and earnings per share, was $0.50, a $0.04 increase over last quarter and $0.17 increase over last year. On the revenue side, total revenue was up $28 million over last quarter driven by higher non-interest income. Strong mortgage revenue drove $64 million or 7% sequential quarter increase in fee income, while our net interest income declined $36 million due the decrease in swap income.
Mortgage production volume remained high this quarter. To-date this year we closed almost $16 billion in mortgage loans up over 50% from last year. We've helped over 62,000 clients buy or refinance homes this year including many through the HARP program.
Now moving to expenses, they were stable than last quarter and last year. Included in this quarter's expense was $13 million non-cash charge associated with redemption of $1.2 billion of trust preferred securities. These were higher cost fundings and as such we moved quickly to redeem them once the capital treatment event occurred allowing us to do so.