Bank OZK (NASDAQ:OZK) Q3 2023 Earnings Call Transcript October 20, 2023 11:00 AM ET

Company Participants

Jay Staley - Director of Investor Relations and Corporate Development

George Gleason - Chairman and Chief Executive Officer

Brannon Hamblen - President

Tim Hicks - Chief Financial Officer

Cindy Wolfe - Chief Operating Officer

Conference Call Participants

Stephen Scouten - Piper Sandler Companies

Manan Gosalia - Morgan Stanley

Timur Braziler - Wells Fargo Securities

Catherine Mealor - KBW

Matt Olney - Stephens

Brian Martin - Janney Montgomery Scott LLC

Brody Preston - UBS

Operator

Good day, and thank you for standing by, and welcome to the Bank of OZK Third Quarter 2023 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] Please be advised that today's conference is being recorded.

I would like to introduce your host for today's call, Jay Staley, Director of Investor Relations and Corporate Development. You may begin.

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 line for your questions. Let me now ask our operator, Justin, to remind our listeners how to queue in for questions.

Question-and-Answer Session

Operator

[Operator Instructions] And our first question comes from Stephen Scouten from Piper Sandler Companies. Your line is now open.

Stephen Scouten

Hey, good morning, everyone. Great quarter here. I'm curious, it looks like in the management comments that you're guiding to a pretty strong origination growth in the fourth quarter. And I'm wondering if you could give some comments there. I would assume that's occurring as some of your competitors may be pulled back from the space? And obviously, that's been a time when you guys have done really well. So, just curious, kind of, if that's what's happening today and kind of where you're seeing the pickup in originations category-wise?