Break out the pink!

Jimmy Fallon and wife Nancy welcomed a daughter yesterday, their rep confirms to Us.

This the first child for the talk show host and the producer. The couple have been married since December 2007 after being introduced by mutual pal Drew Barrymore, who co-owns Flower Films with the 46-year-old new mom.

New fatherhood comes at the same time as a new gig for the funny man!

Beginning next year, the former SNL alum will take over for Jay Leno on The Tonight Show.

What an exciting time!