Jay Brogdon: Sorry, guys. I was trying to come off mute there, Bob. So yes, I think absolutely, Matt, at one of the €“ when George spoke earlier and Bob about our focus going forward, never say never on acquisitions, but our focus is on this Better Bank Initiative and it’s very internally focused. We think we’ve got a lot of opportunities. Matt, I don’t want to overpromise and under deliver on, sort of timing of when we might come out, what some of those initiatives mean, but I’d tell you we’ve got everybody rallied around, sort of those initiatives internally. Everyone’s excited about where our focus is. Focus on organic growth, making sure we’ve got the scalability in our business to, sort of capture that. And that’s absolutely going to lead to a number of efficiencies across the board for us.
These are harder to get efficiencies than, sort of that first phase coming out of an acquisition, but they’re still very meaningful in my mind. And I think we’ve got a lot of work to do and I think they’ll be promising efforts ahead in that regard.
Matt Olney: Okay. Thanks for that Jay. I guess just following up on that on the Better Bank Initiative. What are the primary metrics the bank is focused on within the initiative that we should appreciate maybe from our end?
Jay Brogdon: Well, my answer to that would be, there’s probably a lot of internal metrics we’re most focused on right now in that regard that will lead to what you’re focused on Matt, but it’s not going to be anything you haven’t seen before. I mean, to me at the end of the day, as we optimize our balance sheet, which is sort of priority number one in my mind as we just kind of continue to do that over time, remix the balance sheet to where we want it to be, that’s going to be obviously advantageous to revenue. We’re doing a number of things that I think are going to gain us some additional economies of scale as we execute on that and grow. And so, the number one metric I point you to, if you think about both the revenue and the expense side is going to be the efficiency ratio.
And I think we’ve got a lot of opportunity to continue to drive that down into €“ over time to drive that down into the lower 50s. I would love to see us and this is a more intermediate timeframe comment, but optimistically I’d like to see us put a along our efficiency ratio and that’s going to take us to execute on both sides of that equation.
Matt Olney: Okay. Thanks for the commentary guys. Appreciate it. This concludes our question-and-answer session. I would like to turn the conference back over to management for closing remarks.
George Makris: Well, thanks again for joining us on our quarterly conference call. Once again, I’d like to congratulate Bob, Jay, and their teams for recognition that they have a great say in the future of Simmons Bank going forward. I think we’re in a great position today as we’ve talked about with our Better Bank Initiative. One of the things that I’d like to point out is that as we go through this people processing systems evaluation, our staff has been very busy over the last 10 years with their day jobs and integration of 14 acquisitions. We are currently evaluating what our capacity is without those acquisitions. And I think what you’re going to see is a very pleasing result. So, more to come on that. I think Jay hit some high level metrics that we’re taking a look at.
