Bank OZK (NASDAQ:OZK) Q2 2022 Earnings Conference Call July 22, 2022 11:00 AM ET

Company Participants

Jay Staley - Director of IR & Corporate Development

George Gleason - Chairman and CEO

Brannon Hamblen - President

Tim Hicks - Chief Credit and Administrative Officer

Cindy Wolfe - Chief Banking Officer

Conference Call Participants

Timur Braziler - Wells Fargo

Michael Rose - Raymond James

Matthew Olney - Stephens Inc.

Brian Martin - Janney Montgomery

Catherine Mealor - KBW

Operator

Thank you for standing by, and welcome to the Bank OZK Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, today's program may be recorded.

And now I'd like to introduce your host for today's program, Jay Staley, Director of Investor Relations. Please go ahead, sir.

Jay Staley

Good morning. I'm Jay Staley, Director of Investor Relations and Corporate Development for Bank OZK. Thank you for joining our call this morning and participating in our question-and-answer session.

In today's Q&A session, we may make forward-looking statements about our expectations, estimates and outlook for the future. Please refer to our earnings release, management comments and other public filings for more information on the various factors and risks that may cause actual results or outcomes to vary from those projected in or implied by such forward-looking statements.

Joining me on the call to take your questions are George Gleason, Chairman and CEO; Brannon Hamblen, President; Tim Hicks, Chief Financial Officer; and Cindy Wolfe, Chief Operating Officer. We will now open up the lines for your questions. Let me now ask our operator, Jonathan, to remind our listeners how to queue in for questions.

Question-and-Answer Session

Operator

[Operator Instructions] Our first question comes from the line of Timur Braziler from Wells Fargo. Your question please.

Timur Braziler

Hi, good morning everyone. Maybe just looking at the pace of origination activity in RESG. That was quite impressive. Was that consistent throughout the quarter? Was that front loaded? And then I'm just trying to gauge what the broader kind of uncertainty has done for demand within that product more recently?

George Gleason

All right. Timur, with your permission, I'm going to let Brannon Hamblen, our President, take that question. So Brannon, go ahead.

Brannon Hamblen

Alright. Timur, good morning. Thanks for the question. And happy to answer. We did have very good originations in Q2. And as to front-loaded, back-loaded, middle loaded, it was really consistent through the quarter. We are very pleased that, that growth is still very diverse in terms of its location. We continue to achieve a strong diversity across the country and strong diversity with respect to product type as well. So there's consistency in that story. And the pipeline, as we look forward, remain strong. We acknowledge some of the macroeconomic factors and events that are being watched and reported, geopolitical events, et cetera, et cetera.