Jose Rafael Fernandez: Yes. Thank you, Kelly, I– we’ve been going at this for the last 4 or 5 years, right? We’ve be investing in the technology. We’re deploying dollars into — kind of adding capabilities towards commercial lending and consumer lending. And certainly, it’s starting to pay off. And you’re starting to see not only the adoption levels going up and not only the consolidation of the portal as a vehicle to serve our retail customers, we’re also providing similar type of innovations on the commercial side and working on them and more to come. So those are the dollars that we’re investing. And as you saw today, Maritza mentioned our guidance for expenses next year, we’re keeping it at the same level. And this is the beginning.
In our minds, it’s the beginning of us starting to extract some efficiencies from the investments we’ve made in technology. Not all of them will trickle down to a reduction in noninterest expenses, because we also want to utilize some of those efficiencies to continue to innovate and continue to bring technology that will help the market that we operate in here, which is significantly different than the way customers behave than in the States. So some of what you’re seeing already into 2024 includes some of the efficiencies that we’re seeing. And us, the team in general, is working into 2024 to add additional efficiencies. But again, we’re very happy and excited about the innovations that we’re bringing in and how our customers are adopting them, and we’re going to continue to do so, because that’s the way we can differentiate from our competitors in the island.
Kelly Motta : Thanks for all the color, José. Switching to capital levels remain very strong. You’re seeing really nice loan growth, and I think you picked away a little bit at the buyback this quarter. Can you just — with the stock we’re trading here, remind us your comfort and appetite with buybacks and how looking towards capital return towards the back half of and beyond?
Jose Rafael Fernandez: Yes. So Kelly, capital for us has, number one, is going to be used for loan growth and the opportunities that present ourselves, and we’re going to deploy that capital there. I alluded earlier to Alex’s question on the investment that we made on MBSs. It’s part of how we’re managing capital. But also, I — we are very much focused on our dividend growth and our buyback. We’re going to be having that discussion in the January Board, and we will update. But our expectation is for us to capital manage as we’ve done in the past, where if there are opportunities here in the market in Puerto Rico, which we are seeing, we will deploy that capital for loan growth, and then at the same time look at dividend growth and buybacks. So the script and the plan has not changed from prior quarters on the capital management front.
Kelly Motta : Lastly, on the margin. I appreciate color on the MBS purchases. In terms of loans and loan yields, can you remind us where new loan originations, what rates are coming on at? That would be helpful in terms of how to think of the margin.
Jose Rafael Fernandez: Yes. So the way we look at this on the short term — and we’ll update you in the fourth quarter call in terms of 2024. But the way we’re looking at this is that on the short term, NIM might be trending slightly lower from these levels. But as I mentioned not necessarily net interest income, just simply because we’re expecting additional loan growth. So in the near term, we are seeing the plateau and a slight downturn on the NIM. 2024 is still out there, so we’ll see in the fourth quarter call how we look at NIM for 2024. But we are early indicators are that we’re going to be in a pretty good shape with regards to NIM in 2024.
Operator: [Operator Instructions] At this time, there are no further questions. I will now turn the call back over to Mr. Fernandez for closing remarks.
Jose Rafael Fernandez : Thank you, operator. Thanks again to all our team members and to all our stakeholders who have listened in. Looking forward to update you in January. Have a great weekend.
Operator: This does conclude today’s conference call. Thank you for your participation. You may now disconnect.
