Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Q4 2022 Earnings Call Transcript

Brad Milsaps : Got it, Matt. And if I look at it bigger picture, although you guided to low double digit, if I sort of annualize the fourth quarter really only represents maybe 4% or 5% growth over the fourth quarter. Is that a level that you guys kind of hope to aspire to you going forward? I know you’ve got a lot of investments, a lot of things going on. But looking at it through that lens, it seems a little better than what double-digit might first appear to people.

Matt Scurlock: I appreciate the question, Brad. I mean, we then, I think, pretty clear that the volume of investment is absolutely slowing. But the number of people, the amount of infrastructure build and the capabilities that come along with it that we incurred over 2022 is going to bleed into 2023. So we’re highly focused on sustaining expense discipline, which as you know, we view as just matching expense directly against the strategy and do feel good about the implied operating leverage, but it’s certainly way too early to call if we’re going to be able to come in inside of our published expense guidance.

Operator: Thank you. We have no further questions. I’ll hand back to Rob for any closing remarks.

Rob Holmes: Highly appreciative of the interest by everybody. And I’m sure Jocelyn and Bob will make themselves available as well as I as necessary. Have a great day. Thanks for your time.

Operator: Thank you. This now concludes today’s call. Thank you so much for joining. You may now disconnect your lines.