Brian Cronin | Vice President, Investor Relations |
Raymond Quinlan | Chairman and Chief Executive Officer |
Steven McGarry | Executive Vice President and Chief Financial Officer |
Moshe Orenbuch | Credit Suisse |
Sanjay Sakhrani | KBW |
Arren Cyganovich | Citi |
John Hecht | Jefferies |
Vincent Caintic | Stephens |
Richard Shane Jr. | JP Morgan |
Michael Tarkan | Compass Point |
Dominic Gabriel | Oppenheimer |
Michael Kaye | Wells Fargo |
Good morning. Thank you for standing by and welcome to the 2018 Q3 Sallie Mae 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. [Operator Instructions].