Brian Vereb | Head of Investor Relations |
Ralph Andretta | President and Chief Executive Officer |
Tim King | Executive Vice President and Chief Financial Officer |
Sanjay Sakhrani | KBW |
Bob Napoli | William Blair |
Ryan Nash | Goldman Sachs |
Mihir Bhatia | Bank of America |
Jeff Adelson | Morgan Stanley |
David Scharf | JMP Securities |
Scott Wurtzel | Wolfe Research |
John Hecht | Jefferies |
William Ryan | Compass Point |
Michael Young | Truist Securities |
Good morning and welcome to Alliance Data's Full Year and Fourth Quarter 2020 Earnings Conference Call. At this time, all parties have been placed on listen-only mode. [Operator Instructions] It is now my pleasure to introduce your host Mr. Brian Vereb, Head of Investor Relations at Alliance Data. Sir, the floor is yours.