Operator: Good morning. My name is Tracy, and I will be your conference operator today. At this time, I would like to welcome everyone to the Huntington Shares' Second Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. Thank you.
I'll now introduce and turn the call over to Mr. Todd Beekman. You may begin your conference.
Todd Beekman - IR: Thank you, Tracy, and welcome. This is Todd Beekman, the Director of Investor Relations for Huntington. Copies of the slides that we'll be reviewing can be found on our IR website at www.huntington-ir.com. This call is being recorded, and will be available for rebroadcast starting about an hour after the close of the call.
Slides 2 and 3 notes several aspects of the basis of today's presentation. I encourage you to read these, but let me point out one key disclosure. The presentation will reference non-GAAP financial measures. In that regard, I direct you to the comparable GAAP financial measures and reconciliation of the comparable GAAP financial measures within the presentation. The additional earnings material released this morning and the related 8-K filed, all of which can be found on our website.
Turning to Slide 4, today's discussion including the Q&A may contain the forward-looking statements. Such statements are based on information and assumptions available at this time and are subject to changes, risks and uncertainties, which may cause actual results to differ materially. We assume no obligation to update such statements. For a complete discussion of risks and uncertainties, please refer to this slide and material we filed with the SEC, including most recent 10-K, 10-Q and 8-K filings.
Let's start on Slide 5. Participating today are Steve Steinour, Chairman, President and CEO; Dave Anderson, Interim Chief Financial Officer; and Dan Neumeyer, Chief Credit Officer.
Let's get started. Dave?
David S. Anderson - EVP and Interim CFO: Thanks. I will review our 2013 second quarter financial results. Next, Dan will provide an update on credit. Finally, Steve will provide an update on household and commercial relationship growth as well as expectations for the balance of 2013.
Turning to Slide 7, Huntington has a good second quarter. Results were very similar to the previous and year ago quarter. For the second quarter, we reported net income of $151 million or earnings per share of $0.17. This resulted in a 1.08% return on assets and a 12% return on average tangible common equity.
Fully taxed equivalent revenue was $680 million, a decrease of less than 1% from the year ago quarter. The net interest margin was 3.38%, down 4 basis points. Total average loans were up 1% over the last year ago quarter, C&I and automobile loans both increased by 6%, these increases were offset by a decrease in commercial real estate loans, up 17%.
Fee income was down slightly as lower mortgage banking income and lower gains on the sale of low income housing tax credit investments were offset by growth in electronic banking, service charges and deposits, and trust and brokerage fees.