Operator: Good day, ladies and gentlemen and welcome to the First Horizon National Corp First Quarter 2013 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 follow at that time. As a reminder, today's conference is being recorded.
I would now like to introduce your host for today's conference call Ms. Aarti Bowman. You may begin, Ma'am.
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 on the slide presentation for this call and it 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, Susan Springfield will be available with Bryan and BJ for questions.
I'll now turn it over to, Bryan.
D. Bryan Jordan - Chairman, President and CEO: Thank you, Aarti. Good morning to everyone and thanks for joining our call. We are continuing to make progress towards achieving our strategic priorities as demonstrated by first quarter's 42% year-over-year improvement in diluted EPS. We are positively shifting our business mix, reducing the non-strategic portfolio drag, significantly lowering expenses and prudently returning capitals to our shareholders. In the first quarter, we repurchased $30 million of commons shares resulting in $205 million of total shares repurchased since October 2011. We also raised our quarterly common dividend to pay out $0.05 per share.
We are taking a closer look at two core operating businesses the regional bank. The regional bank posted 6% higher pre-tax income than a year ago, benefiting from 6% average loan growth at 4% gain in average core deposit and an 8% drop in expenses. Total revenue was down only modestly.
Our other cooperating business, capital markets continued to provide steady fee income and high returns with fixed income average daily revenues of $1.13 million in the first quarter and an annualized return on assets of approximately 2%.
As anticipated, asset quality trends remain favorable. Year-over-year, non-performing assets decreased 18% and net charge-off declined 42%. Our loan portfolio continued to stabilize and improve. The allowance for loans is 167 basis points, down 50 basis points year-over-year, but steady versus year end 2012.