Financial Data and Key Metrics Changes - The company reported a net loss of $29.7 million, or $1.57 per diluted share for the quarter, impacted by a bond portfolio repositioning that resulted in a realized loss of $53.4 million [8][9] - Adjusted pre-tax earnings were $28.4 million, leading to a net income of $22.4 million, or $1.17 per diluted share after tax [8][9] - Net interest income increased to $62.5 million, up $12.7 million from the previous quarter, with a margin improvement to 4.45% [9][10] Business Line Data and Key Metrics Changes - Non-interest income, excluding the impact of the portfolio repositioning, was $8.9 million, reflecting an increase driven by improved customer service charges [9] - Non-interest expenses for the quarter were $49.1 million, with an adjusted figure of $42.9 million, marking an 8.3% increase due to the NBC Oklahoma acquisition [9][10] Market Data and Key Metrics Changes - The addition of NBC Oklahoma contributed $665 million in loans and $808 million in deposits, enhancing the company's market presence in Oklahoma [3][4] - Total deposits increased by approximately $860 million during the quarter, with organic deposit growth of about $37 million [21] Company Strategy and Development Direction - The company is focused on a dual growth model, with recent mergers aimed at expanding its footprint into Oklahoma and Nebraska [4][5] - Management expressed confidence in executing growth strategies and achieving a projected earnings target of $5 per share by 2026 [23] Management's Comments on Operating Environment and Future Outlook - Management remains positive about the credit environment, noting stable credit quality trends despite broader economic uncertainties [14] - The company anticipates continued growth in both loan and deposit portfolios, supported by strong production and pipeline activity [19][20] Other Important Information - The company completed a subordinated debt raise of $75 million to support ongoing growth initiatives [4] - The integration of NBC Oklahoma was completed, with associated expenses expected to taper off in the fourth quarter [10] Q&A Session Summary Question: Could you discuss your deposit pricing strategy? - Management indicated a consistent approach to adjusting deposit rates in line with Federal Open Market Committee (FOMC) rate changes, with no significant competitive shifts observed [25][26] Question: How is business sentiment in your operating footprint? - Management reported strong business sentiment, with no significant impacts from tariffs or economic conditions affecting local businesses [28] Question: What is the outlook for loan growth? - Management expressed confidence in loan production, citing improved consistency and the addition of new markets as factors supporting growth [33][34] Question: Are there areas of strain in your credit portfolio? - Management noted that while they are monitoring all areas closely, they do not see significant strain, particularly in sectors like agriculture and consumer lending [36][37] Question: What is the outlook for M&A activity? - Management stated that the environment for M&A remains favorable, with ongoing conversations and opportunities being evaluated strategically [63]