Operator

Welcome to Seacoast Banking Corporation's First Quarter 2026 Earnings Conference Call. My name is Kate, and I will be your operator. Before we begin, I have been asked to direct your attention to the statement at the end of the company's press release regarding forward-looking statements.

Seacoast will be discussing issues that constitute forward-looking statements within the meaning of the Securities and Exchange Act, and its comments today are intended to be covered within the meaning of that act. Please note that this conference is being recorded.

I will now turn the call over to Chuck Shaffer, Chairman and CEO of Seacoast Bank. Mr. Shaffer, you may begin.

Charles Shaffer
Chairman, President & CEO

Okay. Thank you, Kate, and good morning, everyone, and thank you for joining us. As we move through today's presentation, we'll reference our first quarter 2026 earnings slide deck, which is available on our website, seacoastbanking.com. Joining me today is Tracey Dexter, our Chief Financial Officer; Michael Young, our Chief Strategy Officer; and James Stallings, our Chief Credit Officer.

The Seacoast team delivered another great quarter, highlighted by robust deposit growth, particularly in noninterest-bearing deposits, meaningful expansion in the net interest margin, and solid progress towards the financial guidance we introduced last quarter. Commercial loan production momentum remains strong, up 35% year-over-year. And as expected, the first quarter loan growth was seasonally softer and further impacted by elevated payoffs. Importantly, our loan pipeline remains strong, and