Independent Bank Group, Inc. (NASDAQ:IBTX) Q3 2023 Earnings Call Transcript

Paul Langdale: Well, we certainly are trying to position the bank for any scenario. So we, you know, I’ll just make a broad comment that we’re trying to make sure that the balance sheet is well positioned to weather whatever the macro throws at it. That’s our objective first and foremost. As it pertains to what benefits us the most, obviously the – positive slope in the curve and some big cuts are going to help us meaningfully. I think, they’re going to help us more meaningfully than they’ve ever helped us before as a company. And you know, that gives us some optimism and some hope that as we start to see the macro stabilize and evolve and you start to see the long end of the curve come up that if the Fed is active and cutting next year, that’s going to be really good for us.

Matt Olney: Okay, thanks guys. Appreciate it.

David Brooks: Hi, thanks, Matt.

Operator: Thank you. We’ve reached end of our question-and-answer session. I’d like to turn the floor back over to David for any further or closing comments.

David Brooks: Thank you, Kevin. I appreciate it. I appreciate everyone dialing in this morning. We continue to, as Paul emphasized today, position the company for whatever the future brings and we’re in a good position. We feel good about the growth and the pathway forward. And so, thanks for joining us today and we look forward to seeing you out on the road. Take care.

Operator: Thank you. That does conclude today’s teleconference webcast. You may disconnect your line at this time and have a wonderful day. We thank you for your participation today.