Guaranty Bancshares, Inc. (NASDAQ:GNTY) Q4 2022 Earnings Call Transcript

Ty Abston: I think it’s less likely. I think the worldwide pandemic was a black swan event that deserved a lot of real conservative assumptions would — where things were going. I think this is as dire as that. That being said, again, we’re looking at a lot of unknowns from the economic standpoint. We keep coming back to the fact that we’re proud, labor in Texas because Texas economy overall is strong. So I’m hopeful that on the other side of this, we fare better than most parts of the country, but this, there’s just a lot of things, a lot of uncertainty out there that creates some uncertainty on our part. But I don’t think it’s near as dire’s something that we were dealing with in 2020 with which was COVID and — but we’re just we’re being cautious with how we look at it because there’s a lot of unknowns.

And again, the velocity of these rate increases and how the pads pull the liquidity out of the system and we’re such, it’s such scale, that’s somewhat unprecedented, and that’s the part that makes me a little cautious.

Matt Olney: Understood. Okay. Thanks, guys. Appreciate your help.

Ty Abston: Thanks, Matt. Absolutely, Matt.

Operator: Thank you for your questions, and I would like to remind everyone that the recording of this call will be available by 1 P.M. today on our Investor Relations page at gnty.com. Thank you for attending, and this concludes our call.