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Voya Global Advantage and Premium Opportunity Fund & Voya Infrastructure, Industrials and Materials Fund Announces Payment of Quarterly Distribution

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–
Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds’ distributions declared in March 2023. This press release is issued as required by the Funds’ Managed Distribution Plan (the “Plan”) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make quarterly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the April distribution. It is not determinative of the tax character of the Funds’ distributions for the 2023 calendar year. Shareholders should note that the Funds’ total regular distribution amount is subject to change as a result of market conditions or other factors.

The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Distribution Period: First Quarter 2023, Payable April 17, 2023

Distribution Amount per Common Share (IGA): $0.197

Distribution Amount per Common Share (IDE): $0.229

The following table sets forth an estimate of the sources of the Fund’s April distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Voya Global Advantage and Premium Opportunity Fund
Source		Current Distribution		% of Current Distribution		Cumulative Distributions for the Fiscal Year-to-Date		% of the Cumulative Distributions for the Fiscal Year-to-Date1
Net Investment Income		$ 0.084		42.44%		$ 0.084		42.44%
Net Realized Short-Term Capital Gains		$ 0.043		21.84%		$ 0.043		21.84%
Net Realized Long-Term Capital Gains		$ 0.000		0.00%		$ 0.000		0.00%
Return of Capital or Other Capital Source(s)		$ 0.070		35.72%		$ 0.070		35.72%
Total per common share		$ 0.197		100.00%		$ 0.197		100.00%

Voya Infrastructure, Industrials and Materials Fund
Source		Current Distribution		% of Current Distribution		Cumulative Distributions for the Fiscal Year-to-Date		% of the Cumulative Distributions for the Fiscal Year-to-Date1
Net Investment Income		$ 0.066		28.95%		$ 0.066		28.95%
Net Realized Short-Term Capital Gains		$ 0.013		5.57%		$ 0.013		5.57%
Net Realized Long-Term Capital Gains		$ 0.000		0.00%		$ 0.000		0.00%
Return of Capital or Other Capital Source(s)		$ 0.150		65.49%		$ 0.150		65.49%
Total per common share		$ 0.229		100.00%		$ 0.229		100.00%

1 The Fund’s fiscal year is March 1, 2023 to February 28, 2024.

IMPORTANT DISCLOSURE: You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Funds’ Plan. The Funds’ estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds’ is paid back to you. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with ‘yield’ or ‘income.’ The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds’ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Set forth in the tables below is information relating to the Fund’s performance based on its net asset value (NAV) for certain periods.

Voya Global Advantage and Premium Opportunity Fund

Average annual total return at NAV for the five year period ended on March 31, 20231	4.98%
Annualized current distribution rate expressed as a percentage of NAV as of March 31, 20232	7.92%
Cumulative total return at NAV for the fiscal year through March 31, 20233	-0.90%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 20234	1.98%

Voya Infrastructure, Industrials and Materials Fund

Average annual total return at NAV for the five year period ended on March 31, 20231	2.84%
Annualized current distribution rate expressed as a percentage of NAV as of March 31, 20232	7.94%
Cumulative total return at NAV for the fiscal year through March 31, 20233	2.49%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 20234	1.98%

1 Average annual total return at NAV represents the compound average of the annual NAV total returns of the Fund for the five-year period ended on March 31, 2023.

2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of March 31, 2023.

3 Cumulative total return at NAV is the percentage change in the Fund’s NAV for the period from the beginning of its fiscal year to March 31, 2023 including distributions paid and assuming reinvestment of those distributions.

4 Cumulative fiscal year distribution rate for the period from the year-to-date period as a percentage of the Fund’s NAV as of March 31, 2023.

Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses.

Certain statements made on behalf of the Fund in this release are forward-looking statements. The Fund’s actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Fund’s investments specifically. Neither the Fund nor Voya Investment Management undertake any responsibility to update publicly or revise any forward-looking statement.

This information should not be used as a basis for legal and/or tax advice. In any specific case, the parties involved should seek the guidance and advice of their own legal and tax counsel.

About Voya® Investment Management

Voya Investment Management manages approximately $317 billion in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Named a Best Place to Work in Money Management by Pensions & Investments for seven consecutive years, Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business

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SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com

Kris Kagel, (800) 992-0180

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BWXT-led Team Awarded $45 Billion Environmental Management Contract for DOE’s Hanford Site

LYNCHBURG, Va.–(BUSINESS WIRE)–
BWX Technologies, Inc. (NYSE: BWXT) today announced a contract with an estimated value of up to $45 billion over a 10-year ordering period from the U.S. Department of Energy (DOE) for environmental management operations at the Hanford Site in Washington.

The DOE announced that the Hanford Integrated Tank Disposition Contract (ITDC) was awarded to Hanford Tank Waste Operations & Closure, LLC (H2C), which is a joint venture led by a BWXT subsidiary and includes subsidiaries of Amentum and Fluor.

“This is the largest single contract award in our company’s history and is a stair-step achievement as we strengthen our leadership position in environmental restoration at highly technical projects across the nation,” said Rex Geveden, BWXT’s president and chief executive officer. “Our company remains highly committed to this critical mission for the U.S. Department of Energy and our emphasis on environmental stewardship and sustainability more broadly going forward.”

“Our team is honored to take on the largest and most complex radioactive waste cleanup project in the United States,” said Heatherly Dukes, president of BWXT’s Technical Services Group. “We are committed to working with our DOE Environmental Management customer, regulatory authorities and the Tri-Cities community in safely reducing the environmental liabilities at the site in an efficient and effective manner that is protective of the workforce, the public and the environment.”

The scope of the ITDC includes operation of Hanford tank farm facilities, eventual operation of the Waste Treatment and Immobilization Plant, and responsibility for other core functions such as project management, security and emergency services, business performance, and environment, safety, health and quality.

The DOE is engaged in one of the great public works projects of this century at the Hanford Site near Richland, Washington. Responsible for the federal government’s cleanup of the legacy of more than 40 years of producing plutonium through the 1980s, DOE is transforming the site back into an operations mode to treat tank waste from the production era. More information is available from the DOE’s Office of Environmental Management.

Forward Looking Statements

BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the ITDC, future work at the Hanford site, or the award or exercise of any contract options or orders. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the ITDC. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT’s annual report on Form 10-K for the year ended December 31, 2022 and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 7,000 employees, BWXT has 14 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXT and learn more at www.bwxt.com.

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Media Contact

Jud Simmons

Senior Director, Media & Public Relations

434.522.6462 [email protected]

Investor Contact

Chase Jacobson

Vice President, Investor Relations

980.365.4300 [email protected]

KEYWORDS: Washington Virginia United States North America

INDUSTRY KEYWORDS: Other Energy Environment Environmental Issues Green Technology Energy Environmental Health Nuclear

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Lemonade To Announce First Quarter 2023 Financial Results

NEW YORK–(BUSINESS WIRE)–
Lemonade, Inc. (NYSE: LMND) today announced it will release its first quarter 2023 financial results on Wednesday, May 3, 2023 after market close. Lemonade will host a conference call the following day, Thursday, May 4, 2023 at 8:00 am Eastern time (5:00 am Pacific time) to discuss the results.

To register for this conference call, please use this link. Registrants will receive confirmation with dial-in details. Registrants may also dial in, toll-free, at 1 (888) 210-4149 or at +1 (646) 960-0145, conference ID 5819404.

In addition to the dial-in options, shareholders can participate by going to app.saytechnologies.com/lemonade-2023-q1 to submit questions to Say prior to the earnings call. The Q&A platform will be open for question submission starting April 27, 2023 at 8:00 am ET. Shareholders will be able to submit and upvote questions until May 3, 2023 at 7:00 pm ET. Shareholders can email [email protected] for any support inquiries.

A live webcast of the conference call will be available on the Lemonade Investor Relations website, investor.lemonade.com. Following the completion of the call, a replay will also be made available at investor.lemonade.com.

About Lemonade

Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.

Follow @lemonade_inc on Twitter for updates.

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including the date and time of the earnings call. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: Our history of losses and the fact that we may not achieve or maintain profitability in the future; our ability to retain and expand our customer base; the fact that the “Lemonade” brand may not become as widely known as incumbents’ brands or the brand may become tarnished; the denial of claims or our failure to accurately and timely pay claims; our ability to attain greater value from each user; the novelty of our business model and its unpredictable efficacy and susceptibility to unintended consequences; the possibility that we could be forced to modify or eliminate our Giveback, which could undermine our business model; the examinations and other targeted investigations by our primary and other state insurance regulators that could result in adverse examination findings and necessitate remedial actions; our limited operating history; our ability to manage our growth effectively; the impact of intense competition in the segments of the insurance industry in which we operate on our ability to attain or increase profitability; the unavailability of reinsurance at current levels and prices, which could limit our ability to write new business; our ability to renew reinsurance contracts on comparable duration and terms to those currently in effect; our exposure to counterparty risks as a result of reinsurance; the loss of personal customer information, damage to our reputation and brand, or harm to our business and operating results as a result of security incidents or real or perceived errors, failures or bugs in our systems, website or app; our actual or perceived failure to protect customer information and other data, respect customers’ privacy, or comply with data privacy and security laws and regulations; our ability to comply with extensive insurance industry regulations and the need to incur additional costs or devote additional resources to comply with changes to existing regulations; our exposure to additional regulatory requirements specific to other vertical markets that we enter or have entered, including auto, pet and life insurance, and the need to devote additional resources to comply with these regulations; the ability of Lemonade to successfully complete the integration of Metromile’s operations, product lines and technology; the ability of Lemonade to continue to implement its plans, forecasts and other expectations with respect to Metromile’s business and realize additional opportunities for growth and innovation; the ability of Lemonade to realize the anticipated synergies from the transaction in the anticipated amounts or within the anticipated timeframes or costs expectations or at all; the ability to maintain relationships with Lemonade’s and Metromile’s respective employees, customers, other business partners and governmental authorities; and our inability to predict the lasting impacts of COVID-19 to our business in particular, and the global economy generally. These and other important factors are discussed under the caption “Risk Factors” in our Form 10-K filed with the SEC on March 3, 2023, and in our other and subsequent filings with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s beliefs as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

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Yael Wissner-Levy

[email protected]

KEYWORDS: New York United States North America

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Spire Global Schedules First Quarter 2023 Results Conference Call

VIENNA, Va.–(BUSINESS WIRE)–Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading provider of space-based data, analytics and space services, announced today that it will hold a conference call with investors and analysts on Wednesday, May 10, 2023 at 5:00 p.m. ET to discuss the Company’s first quarter 2023 financial results. The news release announcing the first quarter 2023 results will be disseminated on May 10, 2023 after the market closes.

A live webcast of the conference call will be available on Spire Global’s Investor Relations website at https://ir.spire.com. The toll-free dial-in number for the live audio call beginning at 5:00 p.m. ET on May 10, 2023 is 877-841-2968. The international dial-in number for the live audio call is +1 201-689-8552. The conference ID for the call is 13738226. A replay of the call will be available via the web at https://ir.spire.com.

About Spire Global, Inc.

Spire (NYSE: SPIR) is a leading global provider of space-based data, analytics and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multipurpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has eight offices across the U.S., Canada, UK, Luxembourg and Singapore. To learn more, visit www.spire.com.

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Kristina Spychalski

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Guidewire Appoints Michael Howe as Chief Product Officer

Enterprise software and insurance industry veteran brings 30 years of experience in insurance product strategy, innovation and portfolio expansion

SAN MATEO, Calif.–(BUSINESS WIRE)–Guidewire (NYSE: GWRE) is pleased to announce the appointment of Michael Howe as Chief Product Officer, reporting to Chief Executive Officer Mike Rosenbaum. In this new role, Howe will lead product strategy, product management, product marketing and the Guidewire partner marketplace. His organization will accelerate Guidewire’s application innovation roadmap driven by analytics, machine learning, and the generative artificial intelligence capabilities that Guidewire customers will require to effectively balance innovation and operational excellence.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230417005814/en/

Howe is an accomplished senior executive with more than 30 years of experience in the enterprise software industry, with many years focused on the insurance industry. As Chief Product Officer at Applied Systems, Howe led all product-related functions and oversaw a broad expansion of the Applied product portfolio, strengthening flagship products, launching new products, and driving growth in new market segments across the insurance agent and broker channel. Prior to Applied, Howe held leadership roles in both public and private equity-backed enterprise software companies.

“I am thrilled to welcome Michael Howe to the Guidewire management team. His deep enterprise software experience and insurance domain knowledge will help us hone our product strategy and innovation velocity,” said Guidewire CEO Mike Rosenbaum. “There has never been a more exciting time for technology-driven innovation in the insurance industry and Michael’s experience and leadership will accelerate our ability to foster industry-wide transformation.”

“Guidewire is defining the future of innovation for the P&C insurance industry, which made joining the company as Chief Product Officer an exciting opportunity and an easy choice,” said Howe. “I look forward to working with our customers, partners, and the entire Guidewire team to realize a strategic product direction that leverages existing and emerging technologies within our platform, applications, and content to position our customers for continued growth.”

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. ​We combine digital, core, analytics, and machine learning to deliver our platform as a cloud service. More than 500 insurers in 38 countries, from new ventures to the largest and most complex in the world, run on Guidewire. As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on Twitter and LinkedIn.

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

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Investor Contact:

Alex Hughes

Guidewire

(650) 356-4921

[email protected]

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Guidewire

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Michael Howe Appointed Chief Product Officer at Guidewire (Photo: Business Wire)

Father-Son Duo Joins Ameriprise with $330 Million in Assets

Harry Slade III and Harry Slade IV joined Ameriprise for the flexibility to expand their practice and serve clients across multiple generations

MINNEAPOLIS–(BUSINESS WIRE)–
Father-son team Harry Slade III and Harry Slade IV recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) serving multiple generations in Ellicott City, Md. Slade III, a 25-year industry veteran and Slade IV, who has served clients as an advisor for the past eight years, joined from Edward Jones and manage approximately $330 million in assets. The practice will operate as Ellicott Mills Wealth Management and is supported by client service associates Lynda Day, Stacy Fernen and Shawn Kramer.

“We’re a fourth-generation practice with deep roots in Ellicott City going back 125 years,” said Slade III. “At the same time, we’ve always had an eye on the future and wanted more control and flexibility in how we manage our business. Switching firms was not a decision we took lightly, but ultimately, Ameriprise was the right choice to support our vision. As the industry continues to evolve, we’re focused on growing our practice and creating a legacy that can best support our clients for years to come.”

The father and son duo are especially excited about the technology and financial planning capabilities provided by Ameriprise that are already helping them elevate their client offering. “We’re passionate about building lasting relationships with our clients, many of whom we’ve been working with for multiple generations,” said Slade IV. “We’re particularly excited about the opportunity to provide customized financial planning and advice for clients of all asset levels. The fully integrated technology suite at Ameriprise streamlines many of our day-to-day administrative tasks, freeing up our time to go deeper with clients and help them navigate the complexities within their financial situations – ultimately positioning us to provide a more tailored and impactful level of service.”

Ameriprise complex director Ed Eckenroad and branch manager Karen Burkhart support the team.

“We’re always looking to add quality advisors who are passionate about their work, and the clients and communities they serve – and that’s this father-and-son team to a tee,” said Burkhart. “By joining Ameriprise, they are able to work as true partners, which is key to serving their clients for years to come.”

As part of the transition, the Slade team will move into a new branch office in the Ellicott City area, which holds great significance to the Slade’s as they are avid outdoorsmen with a deep commitment to their community. Slade III is involved with the Kiwanis Club of Ellicott City and Farmers Feeding the Hungry. Slade IV is on the board of Friends of Patapsco Valley, a nonprofit organization focused on preservation of the valley’s natural resources.

Ameriprise has continued to attract experienced, productive financial advisors, with approximately 1,700 joining the firm in the last 5 years.¹ Nine out of ten advisors who joined Ameriprise say the firm’s technology, financial planning capabilities and ability to acquire clients is better than their previous firm.² To find out why experienced financial advisors are joining Ameriprise, visit ameriprise.com/why.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel more confident about their financial future for more than 125 years. With extensive investment advice, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors³, we have the strength and expertise to serve the full range of individual and institutional investors’ financial needs.

Ameriprise Financial cannot guarantee future financial results.

Ameriprise Financial Services, LLC is an Equal Opportunity Employer.

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Ameriprise Financial Services, LLC. Member FINRA and SIPC.

© 2023 Ameriprise Financial, Inc. All rights reserved.

¹ Ameriprise Financial 2022 10-K.

² Ameriprise asked experienced advisors who moved their book of business to the firm in the last one-to-five years to compare its support, resources, and capabilities to their previous firm and state their satisfaction with their experience. The survey results identified the top ways Ameriprise stands out compared to competitors. 294 advisors responded to the “Ultimate Advisor Partnership” survey, which was conducted in November 2021.

³ Ameriprise asked experienced advisors who moved their book of business to the firm in the last one-to-five years to compare its support, resources, and capabilities to their previous firm and state their satisfaction with their experience. The survey results identified the top ways Ameriprise stands out compared to competitors. 294 advisors responded to the “Ultimate Advisor Partnership” survey, which was conducted in November 2021.

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612.678.7035

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ServisFirst Bancshares, Inc. Announces Results For First Quarter of 2023

BIRMINGHAM, Ala.–(BUSINESS WIRE)–
ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended March 31, 2023.

First Quarter 2023 Highlights:

• Diluted earnings per share were $1.06 for the first quarter of 2023, unchanged from the first quarter of 2022. When adjusting for income on Paycheck Protection Program (“PPP”) loans in 2022, diluted earnings per share increased 7% over the first quarter of 2022. ⁽¹⁾
• An increase of 23% in new accounts opened year-over-year.
• Deposit balances grew $69 million during the first quarter of 2023 while the deposit pipeline increased by $244 million, or 51%.
• Available liquidity sources totaled $8.4 billion as of March 31, 2023.
• Return on assets increased from 1.53% to 1.63% year-over-year.
• Book value per share grew from $21.61 to $24.63, or 14%, year-over-year.
• No brokered deposits or FHLB borrowings as of March 31, 2023.
• Bank level Tier 1 capital to average assets increased from 8.08% to 9.91% year-over-year.
• Industry-leading credit quality measures.

Tom Broughton, Chairman, President and CEO, said, “Our business model has proven itself over the past 18 years and we continue to attract new customers with a 23% increase in new accounts opened year-over-year due to our financial stability, our commitment to customer service, and our team of responsive bankers.”

Bud Foshee, CFO, said, “We are pleased with a very good first quarter of growth in profitability, liquidity, and capital while maintaining pristine credit quality.”

(1) See “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures” for a discussion of these Non-GAAP financial measures

FINANCIAL SUMMARY (UNAUDITED)
(In thousands except share and per share amounts)
		Period Ending March 31, 2023				Period Ending December 31, 2022				% Change From Period Ending December 31, 2022 to Period Ending March 31, 2023			Period Ending March 31, 2022				% Change From Period Ending March 31, 2022 to Period Ending March 31, 2023
QUARTERLY OPERATING RESULTS
Net Income		$	57,971			$	67,724			(14)	%		$	57,613			1	%
Net Income Available to Common Stockholders		$	57,971			$	67,693			(14)	%		$	57,613			1	%
Diluted Earnings Per Share		$	1.06			$	1.24			(15)	%		$	1.06			–	%
Return on Average Assets			1.63	%			1.89	%						1.53	%
Return on Average Common Stockholders’ Equity			17.83	%			21.27	%						20.09	%
Average Diluted Shares Outstanding			54,534,482				54,537,685							54,522,042
BALANCE SHEET
Total Assets		$	14,566,559			$	14,595,753			–	%		$	15,339,419			(5)	%
Loans			11,629,802				11,687,968			–	%			9,898,957			17	%
Non-interest-bearing Demand Deposits			2,898,736				3,321,347			(13)	%			4,889,495			(41)	%
Total Deposits			11,615,317				11,546,805			1	%			12,408,755			(6)	%
Stockholders’ Equity			1,339,817				1,297,896			3	%			1,172,975			14	%