Operator: Good day, ladies and gentlemen, and welcome to the First Horizon National Corporation Third Quarter 2012 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. As a reminder, today's call is being recorded.
I would now like to turn the conference over to your host Aarti Bowman. Ma'am, you may begin.
Aarti Bowman - IR: Thank you, operator. Please note that the press release and financial supplement which announced our earnings, as well as the slide presentation we'll use in this call this morning are posted on the Investor Relations section of our website at www.fhnc.com.
In this call, we will mention forward-looking and non-GAAP information. Actual results may differ from the forward-looking information for a number of reasons outlined in our earnings announcement materials and our most recent annual and quarterly reports.
Our forward-looking statements reflect our views today and we are not obligated to update them. The non-GAAP information is identified as such in our earnings announcement materials and in the slide presentation for this call and is reconciled to GAAP information in those materials.
Also, please remember that this webcast on our website is the only authorized record of this call. This morning's speakers include our CEO, Bryan Jordan; and our CFO, BJ Losch. Additionally, our Chief Credit Officer, Greg Jardine, will be available with Bryan and BJ for questions.
I'll now turn it over to, Bryan.
Bryan Jordan - Chairman, President and CEO: Thank you, Aarti. Good morning, everyone. Thank you for joining our call. During the third quarter, we built on our momentum continuing to successfully execute on our strategic plan while controlling what we can control.
We improved profitability of our core business, made headway towards achieving our expense save target and further strengthened our balance sheet, as we reduced non-strategic assets, grew loans and improved credit quality in our core segments.
We're also deploying capital, since the third quarter of 2011. We bought back $140 million of common stock, including $15 million in this quarter and still have $60 million of our share repurchase program remaining. Our core businesses, regional banking and capital markets grew pre-tax, pre-provision net revenue by 5% linked quarter.
Year-over-year the regional banks pre-provision, pretax net revenue was up 2% driven by a 7% increase in net interest income. In capital markets third quarter fixed income average daily revenues were $1.2 million, up from second quarter 2012 level. FTN Financial's extensive distribution platform and diverse customer base provides sold fee income and strong returns for us. Capital markets return on assets was an annualized 2.3% in the third quarter. Balance sheet trends were also positive.
Average core deposits in the regional bank increased 9% year-over-year. Recently released June 2012 FDIC deposit data illustrates just how solid this growth is across the markets we serve. Even including the planned reduction in our Memphis market excess wholesale funding, we retained top ranking in our west and east regions and we continue to make solid progress in middle Tennessee where we gained 100 basis points of share.