Warranty Bancshares, Inc. (NYSE:GNTY) Q3 2024 Earnings Convention Name October 21, 2024 11:00 AM ET
Firm Members
Nona Department – IR
Ty Abston – Chairman and CEO
Shalene Jacobson – EVP and CFO
Convention Name Members
Michael Rose – Raymond James
Woody Lay – KBW
Matt Olney – Stephens
Nona Department
Good morning. And welcome to the Warranty Bancshares Third Quarter 2024 Earnings Name. My identify is Nona Department and I shall be your operator for as we speak’s name. I want to remind everybody that this name is being recorded. After our ready remarks, there shall be a Q&A session. Our hosts for as we speak’s name shall be Ty Abston, Chairman and Chief Government Officer; Shalene Jacobson, Government Vice President and Chief Monetary Officer.
To start our name, I’ll now flip it over to our CEO, Ty Abston.
Ty Abston
Thanks, Nona. Good morning everybody, and once more welcome to our third quarter earnings name.
Our firm did have a superb quarter. We did have some extraordinary bills, associated to a few properties we’ve in ORE that we capitalized bills on these properties. We really feel like these shall be resolved subsequent few weeks, as we’ve each these properties below contract. So that can type of resolve itself, and we’ll recoup a few of these bills.
Our progress continues to be muted. Our greatest clients are actually being cautious proper now, with the place issues are with charges. And we do suppose as we get into ’25, we see some price reductions get previous the election, a few of the geopolitical issues type of relax. We’ll see extra progress in our state. Our state nonetheless has a really vibrant economic system, however we’re seeing muted progress once more with a few of our greatest clients.
We do have a powerful core deposit base, and