Reliant Bancorp, Inc. (NASDAQ:RBNC) Q4 2019 Earnings Conference Call - Final Transcript

Jan 24, 2020 • 10:00 am ET


Reliant Bancorp, Inc. (NASDAQ:RBNC) Q4 2019 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning, and welcome to Reliant Bancorp's Fourth Quarter and Year-End 2019 Earnings Conference Call. Hosting today's call is DeVan Ard, Reliant's Chairman, President and Chief Executive Officer. He is joined by these Reliant Bank executives, Dan Dellinger, Chief Financial Officer; Louis Holloway, Chief Operating Officer; and Alan Mims, Chief Credit Officer, who will be available during the question-and-answer session.

Please note, Reliant Bancorp's earnings release and supplemental financial information are available on the Investor Relations page of the Company's website at Today's call is being recorded and will be available for replay on Reliant Bancorp's website for 12 months. [Operator Instructions]

During this call, Reliant Bancorp may make comments, which constitute forward-looking statements. All forward-looking statements are subject to risks and uncertainties and other facts that may cause actual results and performance or achievements of Reliant Bancorp to differ materially from any results expressed or implied by such forward-looking statements. Many of such factors are beyond Reliant Bancorp's ability to control or predict, and listeners are cautioned not to put undue reliance on such forward-looking statements.

Please carefully read the forward-looking statements language on the fourth quarter and year-end 2019 earnings presentation. Additional factors, which could affect the forward-looking statements, can be found in Reliant Bancorp's annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, filed with the SEC.

Reliant Bancorp disclaims any obligation to update or revise any forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise.

In addition, these remarks may include certain non-GAAP financial measures as defined by SEC Regulation G. Regarding Reliant Bancorp's fourth quarter and year-end 2019 earnings, a presentation of the most directly comparable GAAP financial measures and a reconciliation of non-GAAP measures to comparable GAAP measures is available on Reliant Bancorp's website at

I will now turn the presentation over to DeVan Ard, Reliant Bancorp's Chairman, President and CEO.

DeVan Ard, Jr.

Thank you, operator. Good morning and thanks for joining us for our fourth quarter earnings call. I will start this morning by welcoming the employees and shareholders of Community Bank & Trust to the Reliant family. We closed on our merger January 1st and completed the successful conversion last weekend. We now have the leading market share in Cheatham County, contiguous to Nashville, Davidson County to the West, and we've enhanced our already strong presence in Robertson County.

We're also looking forward to completing our merger with First Advantage Bank in the second quarter. First Advantage originally established in 1953, gives us an entrance into the attractive Clarksville-Montgomery County market just northwest of Nashville. We've received all required regulatory approvals to complete the merger, and shareholder meetings are scheduled for early March.

I also want to recognize and thank the Reliant team for a very successful quarter despite the distractions that working on through mergers can cause.

Loan production exceeded $200 million in the fourth quarter, a 39% increase over the third quarter and 108% higher than