Brian Cronin | VP, IR |
Raymond Quinlan | CEO |
Steven McGarry | CFO |
Moshe Orenbuch | Credit Suisse |
Sanjay Sakhrani | KBW |
Michael Kaye | Wells Fargo |
Terry Ma | Barclays |
Rick Shane | JPMorgan |
Henry Coffey | Wedbush |
Melissa Wedel | JPMorgan |
Arren Cyganovich | Citi |
John Hecht | Jefferies |
Dominic Gabriel | Oppenheimer |
Jordan Hymowitz | Philadelphia Financial |
Bill Ryan | Compass Point |
Good morning. My name is Henry and I will be your conference operator today. At this time, I would like to welcome everyone to the 2019, Q4 Sallie Mae Earnings Call. [Operator Instructions]
Thank you.