Equity Bancshares, Inc. (NASDAQ:EQBK) Q4 2023 Earnings Call Transcript

Damon DelMonte : Got it. Okay. That’s helpful. And then lastly, just on the loan growth. the high single-digit outlook. Could you just kind of give us a little bit more color as to what areas of the portfolio you feel most comfortable about? Is it on the C&I side where businesses are investing in capital expenditure projects? Or is it more on the development side with CRE folks?

Chris Navratil: So we’re definitely seeing C&I positive movement on C&I and then owner-occupied CRE as well. Both of those look pretty strong. We’ve had a really good start to the year that give us confidence in being able to hit those numbers. And additionally, I think we’ll see sort of small, we have a really small portfolio when you look at things like our private banking and our exposure to HELOCs and things like that. I think you’ll see small just incremental growth in that as well. So it’s, development will definitely have, looking forward, we’ll definitely have some of our construction deals. We’ll be funding up this year, that are, that we’re looking at. So we have that confidence in there. So we’re not, we’re being really thoughtful on the new deals that we do in that space, but we’re seeing a lot of stuff coming back to us.

So things that we held firm on from both a credit perspective and a pricing perspective, we’re getting to see another look at those deals as maybe other banks are either falling by the wayside or there’s some concern by the borrower on if that bank can get the deal done. So it’s not, I wouldn’t just say it’s just one area, and it’s not all of them, but it’s really kind of those owner-occupied CRE and C&I for sure, with added a little bit on the consumer side.

Brad Elliott: And Jeff, just to circle back really quickly on one open question on accretion to NIM from BOK. The way we had it modeled is 7.5 to 10 basis points of NIM accretion for this year.

Operator: Okay. Thank you. And I am showing no further questions. This concludes today’s conference call. Thank you for participating. You may all disconnect.