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Good morning, and welcome to the SB Financial First Quarter 2026 Conference Call and Webcast. I would like to inform you that this conference call is being recorded and that all participants are in a listen-only mode. We will begin with remarks by management and then open the conference up to the investment community for questions and answers. I will now turn the conference over to Sarah Mekas with SB Financial. Please go ahead, Sarah. Thank you, and good morning, everybody. I'd like to remind you that this conference call is being broadcast live over the internet and will be archived and available on our website. Joining me today are Mark Klein, Chairman, President, and CEO, Tony Cosentino, Chief Financial Officer, and Steve Walls, Chief Lending Officer. Today's presentation may contain forward-looking information. Cautionary statements about this information, as well as reconciliations of non-GAAP financial measures, are included in today's earnings release materials, as well as our SEC filings. These materials are available on our website, and we encourage participants to refer to them for a complete discussion of risk factors and forward-looking statements. These statements speak only as of April 24th, 2026, and SB Financial undertakes no obligations to update them. I will now turn the call over to Mr. Klein. Thank you, Sarah, and good morning, everyone. Welcome to our first quarter 2026 conference call and webcast. First quarter represented a solid start to the year for SB Financial and really reinforces the consistency and resilience of our operating model. Our results reflected balance sheet performance across the franchise, supported by loan growth, stable net interest income, improved fee-based revenue, disciplined expense management, and sound credit quality. This quarter also marked the first full anniversary of the Marblehead acquisition, and we now view that transaction as a solid contributor to our funding base, expanded presence in northern Ohio, and overall franchise stability. While the operating environment remains competitive, we continue to feel good about our position. Balance sheet remains sound. Our credit metrics continue to compare favorably, and our business line provides a healthy mix of margin and fee-based revenue. We believe that combination, along with our disciplined approach to growth and capital deployment, supports our ability to build long-term shareholder value. Briefly, some highlights for the quarter. Income $4.3 million with diluted EPS $0.69 compared to GAAP diluted EPS of $0,33 for the first quarter of 2025. This now marks our 61st consecutive quarter of profitability. Tangible Book Value Per Share ended the quarter at $18.45 compared to $15.79 for the 1st quarter of 2025 and $18 at year end. Adjusted Tangible book value per share excluding AOCI now comes in at nearly $22. Our net interest income totaled $12.7 million compared to $11.3 million in the first quarter of 2025 and $127 million in linked quarter. The year-over-year improvement was driven by higher interest income on loans and a stable funding profile, while the linked quarter comparison remained relatively consistent. Loan balances increased by approximately $92 million from the prior year quarter and approximately 500 000 from the link quarter reflecting continued production across franchise and extended our trend of sequential quarterly growth total deposits in the quarter 1.37 billion compared to 1.27 billion for the first quarter of 2025 and 1.3 billion a year in on a year-over-year basis deposits increased over 100 million or nearly eight percent reflecting continued organic deposit growth and stable client relationships across franchise Non-interest income improved to $4.7 million from 4.1% first quarter of the year and 3.7% from the linked quarter. Our percentage of fee income to total revenue of 27% was slightly higher than the prior year and well ahead of the linked quarter. Non-interest expense totaled $11.9 million and improved from the prior-year quarter while increasing modestly from the linked quarter, prior- year quarter included acquisition-related expenses and incremental operating costs associated with Marblehead, which elevated the comparison period. Asset quality continues to remain a strength of SB Financial. Non-performing assets totaled $4.8 million, or 0.3% of total assets, compared to $6.1 million, for 0.41% the first quarter. While non-performings assets increased modestly from year-end, overall credit performance remained sound, and reserve coverage remained strong. We're especially pleased with the efforts of not only our lenders, but more importantly, our collection team which drove our total delinquency level down to just 28 basis points a quarter in as we've revealed in prior quarters we continue to key on our five key strategic initiatives growing diversifying revenue more scale for efficiency a greater share of the client's wallet for more scope operational excellence and of course asset quality looking a little closer at revenue diversity mortgage originations totaled approximately 66 million compared to approximately 40 million for the first quarter of 2025 and approximately 72 million in the link quarter mortgage business remains an important part of a franchise helping us expand household relationships while also contributing meaningful fee income across the company while weaker volume than we anticipated in the quarter the pipeline has stabilized at approximately 35 million dollars and we anticipate approximately 25 increase in volume for the second quarter sequentially from the length quarter Peak Title continued to perform well during the quarter, benefiting both internal referrals and continued traction of clients outside of the bank. This business remains a valuable part of our product set and an important contributor to fee income diversification. On the scale front, the Marblehead acquisition continued to support our funding profile and we remain pleased with the stability of those client relationships just one year after closing. growth continue to provide meaningful support to our balance sheet. We remain pleased with the stability of the Marblehead relationships, and more broadly, we continue to see opportunities to grow deposits organically through client calling efforts, treasury management activities, and the broader relationship model that has served us well across our markets, particularly with the current market disruption and consolidation. As we discussed previously, we committed to to nearby markets recently, Angola, Indiana, and Napoleon, Ohio, and these results have exceeded our admittedly aggressive goals. We have closed nearly now 19 million in loans and approximately 17 million in deposits in just five months of operation. These two markets have clearly been at the forefront of market disruption I just mentioned, and we certainly have seized on that opportunity. relationships more scope. We remain focused on serving clients through our relationship-based model that emphasizes responsiveness, local market knowledge, and a full suite of products and services. We continue to believe that that approach, combined with our hybrid office model and expanding digital capabilities, positions us well to serve our clients across both legacy and newer urban expansion markets. Referral activity continues to be an important tool in strengthening household relationships across our business line and we continue to view that cross-functional approach as an important part of deepening client relationships across the franchise and delivering more scope and a greater share of the client wallet on operational excellence we remain focused on matching growth with disciplined execution the first quarter reflected that mindset with expense levels improving from the prior year period and remaining controlled relative to revenue Plus, we continue to evaluate staffing, technology, and physical presence across the franchise to ensure resources are always aligned with current client activity and long-term market opportunities. Capital levels remain strong with improvement in total capital and higher ratios for both TCE and CTE-1 regulatory capital. And finally, before I turn it over to our CFO, Tony Costantino, asset quality. performance remained sound for the quarter while non-performing assets increased modestly from year end. They remained well below the prior year quarter level and reserve coverage exceeded 400% and continued to reflect our conservative approach to risk management. The allowance for credit losses at 1.39% remained strong relative to total loans with the criticized and classified loans at just 4.6 million down 2.5 million or 35% from the prior year. We continue to emphasize discipline underwriting, proactive management of problem assets, and prudent growth across all markets. We believe that combination remains one of the key differentiators for S&P Financial and an important metric for long-term performance. Now I'd like to ask Tony to give us some more details on our quarterly performance. Tony? Thanks, Mark, and good morning again, everyone. Let me outline some highlights and important details of our first quarter results. On the income statement, in the first quarter, total operating revenue increased to $17.4 million, representing a 13.2% increase from the $15.4 billion in the prior year period and a 6.1% increase in the linked quarter. As Mark noted, this quarter reflected a balanced revenue performance with stable net interest income and a stronger contribution from our fee-based businesses mark also detailed our gap eps earlier in the call and when we adjust both years for omis our recapture and the marble head merger costs eps would be 63 cents for the current period compared to 42 cents in q1 of 25 up over 50 percent on an adjusted basis Net interest income was up 1.4 million or 12.7% from the first quarter of 2025 and consistent to the linked quarter. The year-over-year increase was driven primarily by continued balance sheet growth, better mix and the repricing benefits within the portfolio. Total interest expense increased modestly from the prior year quarter as higher volume driven deposit costs were partially offset by lower costs across other funding sources. While funding costs remain an important point of focus, the overall funding profile of the company remains well aligned with the asset growth we have achieved over the last year. Net interest margin for the quarter was 3.49% compared to 3.41% in the prior year quarter and 3.52% in the linked quarter. Even with net interest income remaining flat sequentially, the company continued to benefit from the larger balance sheet and the repricing of interest-earning assets. Non-interest income increased to $4.7 million. On a percentage basis, that represents an increase of approximately 14.7% from the prior year period and 27% from the linked order. The quarter-over-quarter and year-over year improvement was driven by higher mortgage loan servicing fees, stronger gains on sale of mortgage loans and OMSR, and improved gains on the sale of SBA loans. The total mortgage banking contribution to the quarter was $1.8 million compared to $1,5 million in the prior year quarter and $1 5 million in linked quarter. We continue to utilize our hedging program which was in the money for the quarter as it successfully offset the disruption in the rate markets operating expenses totaled 11.9 million in the quarter down 500 000 from the prior year and up just 700 000 from the link quarter the year-over-year comparison benefited from the one-time merger related costs that were present in the first quarter of 2025. The linked quarter increase was modest and reflects normal quarterly expense variability. Our efficiency ratio for the first quarter was 68.1%, representing a meaningful improvement from the prior year period and continued stability on a sequential basis. Our adjusted efficiency ratio was down by over 500 basis points from the previous period, and the adjusted operating leverage was a positive 5 times. According to the balance sheet, loan balances ended the quarter at approximately $1.18 billion, reflecting continued year-over-year growth and a modest increase from year-end, with loans to assets at a healthy 74%. We remain encouraged by the continued stability in production across the franchise, and we believe the current balance sheet remains well-positioned to support additional disciplined loan growth during the year. Our loan-to-deposit ratio at quarter end was 86%, although we continue to view the low to mid-90s as a reasonable long-term operating range. The current funding profile gives us flexibility to support loan growth while maintaining strong liquidity and a balanced risk posture. On capital management, during the quarter, the company repurchased approximately 29,000 shares at an average price of $21.12. We have guided lower on the buyback for 2026 as prices are at or near our adjusted tangible book value. We are also cognizant of the impending potential call of our sub-debt that would require a capital outlay, potentially impacting an aggressive buyback posture moving forward. Turning lastly to asset quality, while non-performing assets totaled $4.8 million and relatively unchanged compared to the link quarter we did foreclose on a large property that elevated oreo with a like-sized reduction in npls we feel confident in our collateral position and do not anticipate further write downs from this relationship the allowance for credit losses as a percentage of total loans was 1.39 percent compared to 1.36 in the link quarter and 1.41 in the prior year coverage of non-performing loans was higher than both the linked and prior quarters underscoring the continued strength of the company's reserve position and disciplined approach to credit risk management total delinquencies were also down substantially for both the linked and prayer year and when we exclude loans on non-accrual the delinquency rate is effectively zero i will now turn the call back over to mark Thank you, Tony. We certainly remain encouraged by our positioning as we move through 2026, supported by strong credit fundamentals, as we mentioned, a growing balance sheet and continued discipline in expense control and capital management. We're focused on executing across all of our footprint, optimizing our lenders and lending capacity, and driving cross-sell activities to support core deposit growth while maintaining a balanced approach to risk. We will be announcing a quarterly dividend of $0.16 per share, equating to an annualized yield of approximately 2.8%, representing 25% of our earnings. We continue to believe the current environment presents attractive opportunities to build on our growth trends. Our capital levels provide flexibility, our collective experience provides a clear path to a broader footprint, and our continued focus on improvement supports our long-term objective of scaling our franchise toward the $2 billion strategic goal of a balance sheet. Now I'll open it up for calls and questions. Sarah? Nick, you can open up the questions, please. Thank you. We will now begin the question and answer session. To ask a question, you may press star, then one on your touchtone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star and then two. At this time, we'll pause momentarily to assemble our roster. And the first question will come from Brian Martin with Breen Capital. Please go ahead. Hey, good morning, guys. Morning, Brian. Hi, Brian, Brian Hey, just maybe just a couple things here and if you guys cover me you talked a a little bit there on the call about it but just the particularly the the success you've had in you know the newer markets mark you mentioned that just kind of trying to get a handle on you know when you look at uh loan growth and and going forward here just and even the deposit growth you know the benefits you've gotten from these new markets just can you frame up just kind of your outlook on on loan growth here you know is there is there more to come from those those new markets uh i mean since maybe you've kind of got these the low hanging fruit and but there's still more upside but just frame up kind of your outlook on on loan growth in the pipeline here sure as i'm sure you know brian angola was a mortgage production office originally and coveted and we left at a mortgage protection office and some wealth management business and then uh recently here we knew that there was some certainly some opportunities in angola to to develop it into a full-service office, and it's been really good. We've got a great staff, and there's certainly a lot of opportunity. We used to spend some time up in that market, but when COVID hit, we kind of pulled back. But Angola is doing well, and we are right on the verge of having black numbers coming out of that with positive P&L. And then Napoleon was specifically a result of the disruption in the market that we all know about, which is a resultof consolidation and mergers. and that's got great potential. As I mentioned before in webcast, there's probably a billion dollars in that market that has now become deposits of larger regional banks, whereas before they were deposits of smaller community banks. And so we feel there's a great opportunity in continuing to lever that. We've got a great staff, and that is going to not only provide lending growth, but also nice deposit opportunities in a market that is longing for a community bank that lost a couple of them prior, as well as some merger consolidation and disruption. So we're pretty bullish on those. And then lastly, we've been in Gahanna for a period of time, and it's been generally a mortgage loan production office. And most likely by the end of the year, we'll be having more conversations about opening that as a full service office there in Columbus. because we know there's certainly some opportunities down there with just the one officer we have in Dublin so that's a little update on on those offices in terms of opportunities for de novo expansion okay and as far as just kind of the pipeline and kind of what you're expecting here and the coming quarters yeah Steve can speak to the pipeline thing you know we've had a few payoffs here here recently not because uh you know they they wanted to leave us because they sold uh one of their projects but um i think it's generally pretty pretty decent uh we know and we've discussed many times about an outweighed segment of our growth has come from columbus and continues to do so but we also indicated this year we were hoping that our other markets like fort Wayne and Indianapolis and Toledo and Finley all kick in and you know provide their portion of our 75 to 100 million dollar growth but Steve any comments on what that pipeline looks like yeah no Mark I think consistent with that that high single digits we talked about previously as we discussed in previous calls you know to remember Brian we are focusing on expanding the breadth certainly columbus delivers a lot of growth for us and will continue to do so but we are committed to expanding that that growth story to those other urban markets and that even does include as mark referenced earlier uh entering the angle and napoleon offices those are those you know that story remains further to be told there's more growth there and we think our model serves those markets well a lot a lot disruption brand in those markets which is uh really played well into our hand uh you know we could have gone there even before the disruption but it wouldn't be quite as robust as we're finding it today okay so not all with the with the geopolitical risks out there you know We've heard more people just kind of you know the sentiments a little bit uh you Know near term isn't quite as positive on the loan growth side but it sounds like at least your pipeline is still good and you're still optimistic about achieving kind of your your targeted goals for the year yes i think that's true brian and certainly we have not seen yet anyway a whole lot of blowback from from what's going on in the middle east our egg portfolio which is not insignificant as you know uh our farmers by and large have pre-purchased all those supplies that are impacted by that so we wouldn't expect any hit to our ag portfolio uh certainly this year and hopefully obviously things are they don't persist beyond this year and brian i have to go on record and reiterate you know our credit culture which is we're never going to get enough of yield to compensate for an undue amount of risk we walk away from some deals we could grow i think we could grow steve in the low double double digit easily if we if we wanted to but we stay pretty disciplined we like our credit quality and we know the effect that potential is going to have on profitability should we lose what we've worked hard to get yeah certainly the markets we're in would afford that kind of opportunity uh along with our presence there but we are we walk away from deals that don't make sense for our credit culture okay well stay tuned for the other uh some progress in the other markets um maybe just tony on the margin um you know just the liquidity that you have today i know you've talked about competition at least the liquidity you have today seems to give you a little cover on the potential deposit competition but just can you talk about how you feel about the margin here in you know kind of the next couple quarters just in the backdrop of you know maybe a stable rate environment yeah i mean you know we're down call it five points five basis points from the link quarter you know which is really a function of being very liquid uh you know we did a lot of deposit growth, 65 million in the quarter. We didn't really go out and were terribly aggressive on the rate side. You know, even in the new markets, you know, that were maybe 25 basis points above market, nothing crazy. I do think there's been a little bit of, call it parking of money, a little Bit in the markets. And we were the benefactor of that. and a number of the new clients that we've gotten via disruption have been, you know, some deposit dollars that we have gotten. I do think, you know, liquidity will wane a little bit here in the coming quarters. And, you know, we've already started to get a little bit stickier on deposit pricing, you know, not really matching on some aggressive rates. So I do think we're in a pretty good spot. I do think, you know, 347, you know, is probably going to move up a few basis points here in the second quarter, just because I think we'll get back to having, you call it 15 to 20 million of loan growth in the quarter, versus, you the kind of the 1 million we had in the quarter that we just finished. Okay, in terms of the cost of deposits, I guess you still think that we're, we're trending higher from here than lower in terms of, you know, thinking about that as you go into next year with the competition? Yeah, I mean, I've been pretty confident that deposit costs would trend higher and they continue to trend a bit lower. So I've missed that so far, but I still believe, you know, the market disruption we've had, I don't think that's going to continue. I do think those competitors are going to, you know become aggressive and and they're certainly in I've read their earnings release they're surely focused on growing loans they're going to have to fund it and I think Tony you would agree that deviating from CRE a bit to more AG based C&I brings that deposit base that we're very very happy about that we didn't have prior to six months ago so not only are requiring acquiring stimulus balances the full relationship comes with deposits which has been a real needle mover okay absolutely yeah okay and in terms of uh you know the the mortgage outlook you know uh or just kind of big picture i think you talked about it being 20 or 25 i think that was a production maybe uh next quarter but just bigger picture kind of what rates are today and kind of like what you're seeing in terms of the outlook for mortgage um you know maybe full year just kind of zooming out a bit just bigger pictures kind of how you're thinking about it Well, Brian, do you want my number? Do you want Tony's number? I'm still landing on the $350 million number, just because I thought we were going to get a little bit of a play in the 10-year, which is, as we all know, has been temporarily disrupted. So that's going to be a bit of a flan ointment here going forward. But we just hired a couple new high-producing MLOs in some of our urban markets, gaining some traction and a little more representation in some of our legacy markets. So we know that the average production has gone down, which is why we brought on more MLOs. So when we get closer to 30, and they do 12 to 13, 14 million on average, because we have some high producers, just the 80-20 rule, you know, 80% comes from 20% of the producers. But I'm still pretty optimistic that we can deliver something closer to that 350 to 400 number, but I'm sure Tony's got a different number. um yeah i think you know we you know march we did 45 of our total you know first quarter volume so i was very pleased with you know how the quarter ended you know he did just shy of 30 million in in the month of march uh you know our pipeline is kind of at that 35 million dollar number i think we're going to do 90 ish type million in the second quarter and i would suspect we're gonna repeat that probably in the third quarter if if things are where they are as mark said, you know, I'm encouraged that we're able to hire some high-performing folks in various markets. That tells you that our model is still working and that the volume's out there. So that would kind of put you on pace to get to 310 to 325, you Know, on kind of the high end. So for the full year and, you Now, I think rates are going to be relatively stable where they are. I mean, the mortgage rates have fought back against, I would call it the increase in the long end of the curve, and as long as we're at six or five and seven-eighths, I think we can hang in there. You're starting to see a lot of the secondary people really get aggressive to try to get volume, and the FHLB is getting aggressive on doing very low-rate type opportunities to sell, and so we're going to be participating in all of those, which I think inures to our benefit. So, Tony, said differently, you don't think Warsh is going to bend to every whim of President Trump and drop rates to get us something below four in a 10-year? I wouldn't. I do think it will get there by the end of the year, but I don't know that it will be that. I'm hopeful, Brian, that we'll get a play on the 10-years. I'm still optimistic with that. But, again, with the larger balance sheet, it's the gift that keeps on giving every month. You just don't have to do 100 million in mortgages every month We got the balance sheet size, and we got the operating revenue now. Yeah, and the mortgage folks you hired, you're still planning to hire more, but those were in metro markets, or what markets did you add people in? Yes, we've added one in Cincinnati and Indianapolis, and we've got a couple other individuals that are considering, which has been kind of a gap for us in some of our legacy markets. Finley's been a gap force, but, you know, we've had enough of people, Brian, to cover all those markets. So, you know, it's not like we haven't had anybody there. We just haven't heard anybody that lives, works, plays, and does their thing in the market, which is more accretive to all the business lines if you have people that work, play, and live right there, like Angola. We're currently hunting down somebody in Angola market. So we're committed to the business line. We love the gain on sale, but getting another household with more products and services is a big deal. Yeah, okay. And then how about just, that's two for me, just on expenses. big picture, you know, how you're thinking about, you know, the full year, just ebbs and flows here, any initiatives or things that take it off, you know, kind of the current run rate, is the current run rate kind of a decent level to think about here in the coming quarters? I do think, you know, that the run rate is in pretty good shape. I mean, we've had some opportunities here, I think, as we've seen some opportunities in the market that we've consolidated some areas in our operational sections, and we've made some efficiencies, which I think will continue to help us. I think the bulk of our technology spend on new things is kind of in the rearview mirror a little bit. We do have the conversion to Fiserv that's going to happen here at the end of the year that I think, you know, will be a net zero in 26, and, you Know, we'll be a bit of a headwind as we go into 27, as we try to find some opportunities. So I'm very hopeful on the expense side. You know, as we've gotten bigger, we've founded more opportunities to do things and to do more with less, which I think is what we need to get to continually every month. Gotcha. Okay. And in capital, you said, Tony, the buyback's a little bit lower, but I mean, I guess it's, you know, the near term is, I think you talked about the sub debt and then maybe potentially M&A? Is that kind of where, you know, how to think about capital deployment today or just, you Know, what you're doing there? Yeah, I think so. I think, you know, we've obviously been very aggressive on the buyback and I still think it's a great use of our internal generated capital, you know, but it's kind of at the price where it is today that I think we can afford to slow down a bit. We do have the sub debt here in June that we've got to think about some things. And then we have a lot of opportunities to deploy. And if we do another 160 million, which I don't anticipate of asset growth in 26, like we did in 25, we're going to be stressed a little bit on regulatory capital. So we've got to be cognizant of that in our rear view mirror. And on M&A, Brian, we continue to keep our ear to the ground. That's downstream as well as middle stream and everything in the middle and everything above. But nothing transformative at this point other than we know that organic is great but clearly M&A is divine so we continue to look at opportunities that are in the region gotcha and credit all sounds good I you know I know a little bit of it I guess improvement I guess or just continued success on the credit front nothing nothing really causing any problems in terms of you know things you're seeing out there in terms of risk yeah no again from a high level with you know we like to think we've you know when you have a downturn as we all know that's when you you know get a good idea of your underwriting administration and as we'll know we haven't had really much of a downturnt you know our our clients balance sheets are pretty liquid we get personal guarantees we rely on makers we have good projects in urban markets, generally all is good. But as we all know, you have it until you don't. So we're pretty, pretty precautious on the risk we take and the deals we do. And as I mentioned, if we wanted to really light it up, we've got great opportunities because we have 17 different lenders running around out there trying to find deals. So what our job is, Steve and me, Steve, myself and Tony is to hold back on the range to make sure we keep this thing measured and we keep it on the tracks and uh steve any any more perspective on credit quality yeah no certainly i echo everything you said marks and talked about previously brian the um the stability of our asset quality you know those credits are working they're not a function of turnover and new credits coming into our our um non-accrual loans it's kind of the same same ones we've talked about in the past unfortunately the uh wheels of justice grind a little more slowly than we might like. As Tony referenced, we did get control of one of those pieces of collateral that we are very confident in our position, all those credits, where we think we are, and we're going to get out where ultimately we belong. Okay. So a bit more progress there. And last one, Tony, I meant to ask you, you commented earlier, somebody, just the deposit growth and the liquidity. I guess, do deposits maybe tail off a bit here, given kind of what you've gotten, some good growth, but I mean, I guess, is that a, it sounds like some money may be going out the door, but just how are you thinking about deposit growth from here? Yeah, I think, I do think, you know, we're going to have a down quarter in the second quarter on the deposit side. We already know of some kind of larger relationships that are, you know moving out through normal business cases. So, you, know, I don't think we'll have enough to overcome that on the retail side. So I do think, you know, we're probably going to be at the 90% loan-to-deposit ratio here in the rest of the year, and I think that's a comfort level for us. I don't think we need to be overly priced on the deposit side to get there. And, you Know, I think we're only nervous about liquidity if, you KNOW, the loan pipeline gets to be on the upper end of our range. You know, I think we're comfortable at mid to high single digits and funding that based upon all the things that we've got going on. And if we get above that level is when we might have some stress. My only comment, Brian, is I don't think we want to downplay or trivialize the market disruption, which has been absolutely wonderful for us because we've garnered relationships that we never would have probably been able to bring over to our company as a result of that. And that is just that's really just begun. it's not like it's ending we're nine months into our to our plan to find more of of uh disrupted companies assets and you know we're at that hundred and 110 million number so you know we are cruising along to our strategic goal of a few hundred million so a lot a lot of opportunities and a bigger job to be done gotcha okay well thanks for taking the questions guys i appreciate it all right thanks ryan see you brian this concludes our question and answer session i would like to turn the conference back over to mr mark klein for any closing remarks thank you and uh again uh thanks for joining us this morning uh we certainly look forward to uh having you join us in july for our second quarter 2026 results thanks for joining us uh goodbye have a great day the conference is now concluded thank you for for attending today's presentation. You may now disconnect.