Brian Cronin | Vice President, Investor Relations |
Raymond Quinlan | Chairman and Chief Executive Officer |
Steven McGarry | Executive Vice President and Chief Financial Officer |
Michael Kaye | Wells Fargo |
Mark DeVries | Barclays Capital |
Moshe Orenbuch | Credit Suisse |
Andrew Eskelsen | Compass Point |
John Hecht | Jefferies |
Stephen Moss | B. Riley FBR |
Vincent Caintic | Stephens |
Melissa Wedel | J.P. Morgan |
Good morning. My name is Laura and I will be your conference operator today. At this time, I would like to welcome everyone to the 2018 Q2 Sallie Mae Earnings 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.