Bank OZK (NASDAQ:OZK) Q4 2022 Earnings Call Transcript

Cindy Wolfe: And this is Cindy. On the brokered, I am going to borrow Tim’s words and completely pair that and say we are going to continue to be opportunistic and disciplined and look for the opportunities that Audi and Drew and the teams are finding for the brokered. We had worked it way down, as you know. And as we get back into that space, where we are being very surgical and focused on finding the best possible opportunities we can. So, we are pleased with the way we are managing our increase in our brokered book.

George Gleason: And the percentage of brokered is probably not going to €“ you are not going to see any material increase in that percentage going forward. We are in a €“ in our target zone for what’s acceptable on that and in our internal standards, and we are not going to materially increase it. So, you are not going to see that at 12% or 13% or 14% of deposits would be our expectation. We are not going there. So, probably sub-10% or around the 10% sort percent range is probably about the max you will see on that.

Brian Martin: Got it. Thank you. Okay. Thanks for taking the questions and great quarter guys.

Operator: Thank you. And I am not showing any further questions in the queue. I would like to turn the call back over to Mr. Gleason for any closing remarks.

George Gleason: Alright. Thank you, guys very much for joining the call today. We are glad to celebrate a really great quarter and a great year with you. We appreciate your interest in our company and we will see you in about 90 days. Thank you so much. Have a great day. That concludes our call.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect. Everyone, have a great day.