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- **Record Growth**: 8% organic loan growth and $258 million AUM added in Q3, with Villages acquisition adding $4 billion in assets.
- **Margin Expansion**: Core net interest margin target of 3.45% by year-end, driven by low-cost deposits and reduced accretion.
- **Strategic Acquisitions**: Seamless integration of Villages, expected to enhance liquidity and profitability in 2026.
- **Risk Management**: Strong asset quality with nonperforming loans at 0.55% and disciplined underwriting.

**【CEO Summary Section】**
- **Revenue Growth**: Organic loan growth of 8% annualized, driven by commercial and CRE lending, with a record pipeline of $1.2 billion.
- **Wealth Management**: Added $258 million in AUM in Q3, highest quarterly result, and $473 million year-to-date, with a 24% YoY increase in AUM.
- **Acquisition Impact**: Completed Villages acquisition in October, adding $4 billion in assets and 19 branches, with integration expected in Q3 2026.
- **Asset Quality**: Nonperforming loans declined by $3.6 million, and net charge-offs were $3.2 million, reflecting disciplined underwriting.

**【CFO Financial Commentary】**
- **Net Income**: Adjusted net income of $45.2 million, up 48% YoY, with net interest income of $133.5 million, a 5% QoQ increase.
- **Margin**: Core net interest margin of 3.32% (excluding accretion), with a 3 basis point expansion QoQ, targeting 3.45% by year-end.
- **Noninterest Income**: $24.7 million, up 5% YoY, driven by treasury management fees and wealth management growth.
- **Expenses**: Adjusted expenses of $102 million, including $10.8 million in merger costs, with an efficiency ratio of 53.8%.

**【Q&A Highlights】**
- **Growth Strategy**: High single-digit loan growth expected in 2026, with focus on organic expansion and talent acquisition.
- **Margin Expansion**: Anticipated 10 basis points improvement from Villages' low-cost deposits and reduced wholesale funding costs.
- **Competitive Environment**: Tight credit spreads in CRE and C&amp;I, but selective lending to maintain margins.
- **Regulatory Impact**: Stable insurance costs in Florida, with new entrants and reforms easing premiums for new properties.

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