OFG Bancorp (NYSE:OFG) Q4 2023 Earnings Call Transcript

Jose Rafael Fernandez: Yeah. So the first part of your question. No, we did not try to manage below $10 billion ex-government deposits and did not engage this year as we had kind of commented, I think, on the third quarter call. So we are managing and we were managing conscientiously towards breaking the $10 billion mark because it really makes total sense for us as we can reinvest those deposits into higher yield than in previous years. So that’s the first part. On the second part, yeah, we are very active. And we are actually working very diligently in customer deposits strategies that will be deployed during the year. And that should play for us as we continue to grow our customer base, and again, take advantage of our good strategic positioning that we have in the Puerto Rico market.

Kelly Motta: Got it. Appreciate the color. Thanks so much.

Jose Rafael Fernandez: You’re welcome. Thank you for your call and for your questions.

Operator: [Operator Instructions] And we have no further questions at this time. I’ll now turn the call back to Mr. Fernandez for closing remarks.

Jose Rafael Fernandez: Thank you, operator. Thank you, again, to all our team members, and thanks to all our stakeholders who are listening. Have a great day.

Operator: This does conclude today’s call. We thank you for your participation. You may disconnect at any time.