Home Bancshares, Inc. (HOMB) 20 Apr 232023 Q1 Earnings call transcript

Greetings, ladies and gentlemen. Welcome to the Home Bancshares Incorporated First Quarter 2023 Earnings Call. The purpose of this call is to discuss the information and data provided in the quarterly earnings release issued this morning. The company presenters will begin with prepared remarks and then entertain questions. [Operator Instructions]

me regarding everyone forward-looking asked their refer has note cautionary statements. company to to remind to The

You will February find listen-only [Operator their time, Form Instructions] this participants mode note on filed all is the page and with this SEC being in in are XXXX. conference this XX-K At a three recorded. of

It Donna Investor of Townsell, my Relations. to the turn pleasure now Director is call to over

and our our our CEO first Marshall, include Premier Shore Thank John quarter available call. rest you. of and for welcome Good President Chief Chief will from is afternoon Today's Brian Kevin Finance. and Lending Tipton, prepared Bank; CCFG; President our Stephen Davis, French, Poulton, to John remarks and Hester, of Centennial Chris Chairman, and Allison; discussion team Officer; Officer. conference Financial Operating Chief of questions. present Officer; Tracy of President The

the it’s XX-days sector. been banking in interesting an And

it color speaker still provide this, to is standing John Chairman, on and Home However, strong Allison. with our you more first

afternoon. usually Bancshares, and thing. Donna. of probably for about and XX our company uninsured profitability strength off more we of paid times, March strength Home's appropriate coverage through for more and with our has We of of patience and our it carries uncollateralized as be thought the open ‘XX, our you, employees, all The provides today. during and these XXX% first than strength customers, to But the the deposits our shareholders. depositors liquidity talk is that availability strategy the Home Good Thank was and

depositors for customer the liquidity cover of to Home again, that un $X.X that to that collateralized collateralized we very [Indiscernible] all the in that of cover collateralized of deposits. to company. have of and say The proud We're and and in limits to $XXX,XXX of that. pay of strong deposits XXX% billion Home equates the still Home ability want Home I to fact have So excess have all FDIC all money, uninsured any liquidity with allowed deposits really has un

And concern from them. sheet only I depositors, comfort Bancshares, We're quarter, release, the Banks, are that think the will In available. it's said of last are if think make balance banks Bank also fortress very the is there proud a press Centennial was to of can have showing table about any that one be the in in handful is statement. Happy There our a the all of banks country created this built. trusted strongest America. equal. we banks this availability I not how I Home

not of institution. was excellent but say the financially goal Home strong pack should as and better, separated safe, well years we after managed Our prove be were from very that performance to a just

balance we that stood agree Home has What of all of you could seen proven happen. hope and I the test a the everything think we've during the the and wrong? crisis. about have different sheet performance new of I bank that go possibly can again strength that company time

portfolios, mainly experience. skip and results -- it only top as quality, Bank well Liquidity not of the security deposits, not contributed from important that of allowed was. was borrowings, as management forms to well loan our profitability, the of until liquidity all One assets. have buy, reserves, deposit selling asset quarter-after-quarter, after key year but tier capital, Liquidity, factors strength year. as as

‘XX, as and ‘XX the people drunken spending say, some was During a U.S. like would sailor. Government

these as we money. and to assume to expect run many in basically funds, $X over consumers increase we continue deposits grew billion interest of Fed free put liquidity. would into great liquidity deposits The excess their excess funds, off Homes time, majority as of these that During simply rates because

is with times then trash. new cash ever. If was Banks did during they than certainly years? hear time and you that we king, in to more watch the How this the and cash now of head. in Wall basically drunken I liquidity many found the said guys, time, invest loan Actually call decided that securities Street years to rate we until lasted for a It were After bottom low its race inflation. raised rates. zero environment something created that several what a rate spending sailor Home the lower ugly during called

our interest creating took and country the to straight for yield, to leaders the they made competed Fed race guys and that their With houses rates of I've to strong. this Nearly rate in to This piled analyst, the that said low bankers, experience any was not growth. years the call the pack quell they ranked what created your history the the each other blindly from critical at banks do deposits who securities with for bottom shareholders, acting to loan decision like crisis. the not aren't of they you a a their I banks have monster. money. increase slaughter. employees, banks built and respective have Call fastest businesses hungry in attempt that of a into Because won't all the are

would best have to portfolio, of from America. and find would blow Pull securities a if in the capital banks. banks mark many one would big Different owner show market to bricks banks a down. few the of The doesn't only the and actually would they remain wolf we survive over many truth built take with with their fail, many, and banks the houses mark those up Many ratios coupled capital bankers a that to capitalized March their house if steel. Home ratio deposit, market, had of bag Home [Indiscernible], negative list is XXX% you'll [Indiscernible], hope to

for bonds, and A no X% less their ads, these runs disaster. CD paper. or in for turn the CD, survival Watch hitting profitability margin their you've kills rate XXX% the the deplete all or greater not, but recipe into That'll in you it to it loan have When to need go dire deposit deposits seen cash broker and they money. ads capital who is high out to is banks they a choice, with whether CD mode.

You've not from all or one Centennial deposits. comfort our Bank, Bank seen Bancshares, ad Home should that CD Happy

Home deposits pay had forced $X borrow cash as assuming than freed Home a the availability banks liquidity the that to has interest to and said of to all an had was run I liquidity $XXX and expense, country of that's interest do tomorrow in as Home and run XX% still today. no X% an ROA rate million in additional X.X better and would billion

a and still make show in availability all seat. X% out cat deposits, the bank bank the provided have Home our do ROA banks you are the in uninsured welcome pay Well, chart said, We to that can Bancshares. that the a country can bird to top bonds. or of If analyst

because Bancshares is conservative Home strong to Silicon The management always capital capital, all about said are banks. will SVB, ratios in top not can't capital tier team Prime have when maintain the Valley you get Bank that. you of example it. have

and very I of my at largest have we've our individual her employees, Wagon capital, with shareholder that Home dividend us. customers Wagon of the and this a Chuck what she's the Wagon all peer and feeds you our partners, profitability. all costs. asset strong leading protect about when shareholders, and your strong coupled Chuck Circle is loss asset, crisis, liquidity, quality that huge largest good told Chuck Wagon her our exactly bank our strong the in loan done, As with protecting Home protective Most of said is know certainly interest my calls company depositors vested the she wife with being what personal reserve,

By our the committee the of it’s some and asset directors. way our also largest executive of

focused all we're same goal. So on the

a and The know reserve country loans. than loans December XX-years raising one the reserves of The and on all play was losses $XXX.X million credit Jack allowance in Asset X.XX%. XXX% faced reserve loan balance. has one over for company's last worked quarter-after-quarter, the the the is compared of factors quality, to lowering rather non-performing box, in high while XX-years, maintaining last or X% represents we because when it is loss the the X%, we on XX that

that worth of cover worth ALCI reserve What the million was somewhat. non-performing equity reduction grew that for $XXX is rates loans, of means plus we $XX.X at in $XXX Stockholders million as retained of to earnings a combination softened we loan. have $XXX worth if of $XX.X that quarter interest have $XXX million

Let's X.XX%, Return of adjusted versus XX $XX.XX go XX%, to on or we as a talk -- XX.XX% share. took the about almost maturity if million $XX.XX, $XX.XX adjusted were held per common from the equity on of million value which tangible earnings earnings. Return remain was per of X.X% pretty at was Earnings for would stuff. X.XX%. And $X.XX adjusted still that's equity Tangible quarter. first of X.XX%, $XXX a after percent $XX the at tax, increase quarter common XX.XX%. a loss book damn actually equity that's assets at an and strong or we share total be tangible $X.XX of XX/XX/XXXX. Tangible would $X.XX

total PXNR total was income. $XXX,XXX, up number we've interest it's Brian, record, is on a that I think income $XX.X million interest hit ever like don't

is a record, No, think that right. I you're

on quarter XX.X%. The preferreds, remarkably interest hit was versus holding is and the year difference Total income for $XXX,XXX. which Net about stocks of bank was there revenue fourth last adjustment was market the $XXX,XXX that us flat. $XXX,XXX company fair

XX.X%.

that's we that's for those X.XX%. X:XX% this a XX.X%, a this money in bought again Margin a from so keep to at year we -- them, at and now we're and and points, them recovery expect back we'll XXX seeing ago, time didn't But that today, that's we impressive. good. hold listen coming We'll year sell see lost basis About improved we X:XX%, them hadn't them. dividends I'm I X.XX% ago the would from pretty we're we so

equity run had Common and versus I've me the million, $XXX the great total $XXX we over both versus to tell for ratios together rank. XX.XX%. million down add as you ratio equity and said adjusted know I our then X, guys, and Efficiency and this I XX.XX% Brian the where loss AFS, Brian me those would expense -- Tier million ALCI take of last XX.XX% HTM -- got common Show capital Non-interest run of percent HTM this. job entire me, the $X equity Tangible quarter. X.XX%. I about was a we're don't

when X, before number hear So and common is two numbers. hear number you're after. -- you one Tier hear going equity to One is you'll

more XX.X% it's little a which that do. to and all losses, XX.X% the if reason we've take I'll of and ago. no in So not a have minute talk about now we XX.X%

the those in from Tier second ratio X.XX% XX.X%, there. XX.X% our securities class top amazing XX%, proud good one that's about my to very XX.X% Leverage in from job numbers. numbers I'm to to capital country. The of us is us X.X%. yields banks XX.X% are. of X each probably based from of those yield what pretty puts capital puts risk both categories on book guys loan That's That

Yield that's a can't. it insured sale, was bank and mostly we've so nice our year, on good on from ability everyone's Center repurchased ability It's increase. But This X.XX% X.XX%, money deposits, a that's versus over deposits been raving uninsured not bought not about. all quarter to can. out would the does our our all out big is loan so our far we book basis XXX,XXX this they increase. shares X.XX% that was But they their pay seen the time. shares, to back why present it first through that's thought disclose filing. including their Bank last if not I've pay this XXbX bank mean pretty time quarter We book X.XX%, XXX point during XXX,XXX another

of disclose I they billion our to Home's that would in after we be pretax assume be security to is XX% X.XX% a to imagine and would Many XX%, to securities the that's $XXX,XXX have book XX% on which difference forced equates loss X.XX%. wanting that. take won't book and why security tax we're or I $X.X haircuts pretax banks book. that's based liquidate If today, the buried were not,

Home America. customers take Home's still and mattress capitalized of put As money bank. in back their would best the it banks I remain in showed earlier, the one out can the of

about transferred filed of X lawsuit some. has We're bit We did. investigators that. some March West little individuals We say to through anything situation data. headwinds. XX we That we is derived not else Talk our that the a had about Texas improperly in forensic had a ‘XX improved lawsuit against going the Happy

parties. suit, been all in Some this been those There some we'll of until those fully compensated there. we're have offices changes closed. have against continue out But

about Home. worried they're says Regional Banks worry about everyone or Conclusion, to need you don't

in position is bank country. Home think best I in any the the of

you. of [Indiscernible] So that I hope all

In quarter. than really negative to as But hanging don't we some really in addition about quarter I went of had much expected. we to have we're a that, down good. great other say deposits that, the outside

I've think grow quarter. per said I rate run -- to million continue $XXX million I want $XXX our

I like that. I CEO earn do pretty good. think Tracy this, we We're his can that's comment. crisis that. going had who's can the darn plus just a French, do and see he busy had $XXX down been and We million a middle darn think our of in if I head lately. I've pretty thought to

and over write to on to been color and know talk board at your banking. thrown Stephen just are, courses give compliment John, I've us, made sound banking be which been to and Well, you it loan And always a complement the but doing has how a it’s shape. basic good stay that. we've you Donna been listening the for to for XX in we of to numbers team. about little loan the damn every that's I've going entertaining the been And we've heard curveballs Kevin crazy, just that. is in the ratio, known it our and deposits working ratio done several loans the coming on off really and comfortable and are back state out deposit last turns It's safe to me simple and I through feel been years to has I'll the I quarter. It quarters two quarter say you it's pretty last we basics pretty deposit

to a Steven, Our deposit mentioned, on. you give color that

over our past, and of proud Kelly in going first become Kevin line that this for I'm step Sam's going they're as since another be company. share pick to seen weeks few we item the part, for coming and gold along that's And the his Mills Jeff a other that's got can In We've fair for our to star, get up a trust and after next now that we up and the positive us month, we've got Uncle areas company Ore the and increase see Jobi banking anticipate. to the with line the the we've say item way. us to ball nice

last I over is some that’s and tell improvement. cat Johnny, this and got last And that, regions been bank the time. constant on and everything it’s the our quarter, this you the regional loan and say last Performance working It’s numbers just to our the working I region and three in with not the metrics when mention proofs we constantly half bank you you regional on there's the leaders, managers, that. past X% a and a gave, been retail officers X% did complement been did our quarter. been want all that good ROA deals to over of the a one the not just been can this got it's X:XX% not a because that month, pretty in damn that's they've year, the it's It's

$X.XX, can And XX to our and I increase you to basis $X.XX probably bank to quarter from give margin $X.XX to and we on to lot this in finalize but.. John me know that, a focus gone comment in the has heard quarter, our $X.XX on the a back paddle point you margin, come

I okay. think it's

but thank support them. Johnny us the has and our okay. said for the you outstanding given single retail it's regional so team one that all jobs of every okay folks, It's for all

in statements I'm would much those I there are some say, very one the of both you and Thank messages. be powerful on to for proud Chuck Well, very Wagon.

So thank those comments. you for

next update from be Tipton. now will Stephen Our

of liquidity Thanks, Donna. funding. I'll start with topics the and

As some mutual each funds money we to past market balances seen over firms, a and an mentioned need of funding. quarters, we've have going obvious investment three with for shift to deposit banks the

no of quarter was XXXX first different. The

months. million less spread in and Acquisition deposits deposits Happy decline past quarterly slightly Total year the lowest The in three one of declined was the since each the across the ago. $XXX was evenly than total quarter, fairly

as relative we'll collateralized which total month Adjusting school capacity. borrowing we deposits. Johnny of our uninsured maybe on relationships Bank. for deposits, are The municipalities, So the this absent mentioned completed generally are mentioned XX.X% end that filings local begin related uninsured the and Tracy to level our to outflows out. analysis higher to recently with see tax districts Long calculated balances balances

deposit expand value relationships the believe relationships of While in ever us side. larger still comprised franchise and in grow deposit internal allows our on if total granular $X.X liabilities over allow to. today X.X% on having take strength base. company's limits we needed Currently, broker a by We both to billion, core will us our deposits that loan and size to and of the

Our top or only those depositors XX only for X% considered of of customers our total and of two uncollateralized. list uninsured deposits account

our XX% of for balances mix The accounts, open number while An accounts three at nearly over active and deposit two-thirds approximately those of over or XXX,XXX least and shows retail. commercial at base today, the of updated stands years retail over business decade. XX% been deposit with review and and one-third those deposit a active approximately is having of XX%

past. a QX. activity continues to be the seen XX,XXX strong opening than active more New And new over March accounts we've account with actually was opened bit in in

equity risk ratio capital and or Switching common a mentioned, XX.XX%. as ended based TCE ratio at the capital, tangible assets company of XX.X% Johnny parent a total total to to strong very

plan, to continue mentioned, be first in during shares we XXX,XXX under repurchased and active he stock now. XXbXX our place As the that's quarter of

with volumes of and very the loan split Bank between fourth the from quarter, side, strong fairly Community over billion volume to that was origination $X.XX Florida asset XX% the and production. coming On softened Texas Arkansas, evenly off a coming regions

QX points as XX deposits and at exited XX was Finally, our QX, which in X.XX% bankers and the the averaged great managing continue to quarter was and accretion at this exited averaged rate basis QX interest in a from The yield X.XX% margin March in quarter improved QX points excluding XX March X.XX%. event basis job points Interest-bearing X.XX% income net up environment. up and to in interest basis do X.XX%. loan the core from

it back With turn that, I'll to Donna, over you.

you, report. a will provide Kevin Stephen. lending Hester now us Thank with And

afternoon, and Thanks, Donna, everyone. good

stated one first factors Bancshares has strength the earlier, the that I appropriately our contributed levels the on of Johnny a out quarter respectively. color of key As low will be to Non-performing non-performing asset strength continues has bear at of of remain company. and the Home X.XX% quality. that compelling and to of very our believe been following loans the that this X.XX% assets activities

quarter of totaling two A increase detailed $XX reveals about non-accruals this C&I the review $X million CCFG of million. in credits

only The that its C&I the been portfolio. second process amount are quarter. $X this the renewals the from CCFG entirety least credits part in portfolio Bank We Community be same million on national spread which in have payments is made of to-date accordingly. portfolio and of based Our and accrual at across shifted or in to a credit shared will sometime internal few returned analysis remaining their [Indiscernible] is million, the footprint that potential a has all C&I indicates winding away ago of $X within loss down of been

Arkansas The and additions. banking at of automatic whether allow regardless these collection. it requires remember, reversal process For in state new you is these law most of the renewals may XXX of that non-accrual past will those payments of timing due days the of of not

stellar and the losses stated, non-performing loans of XXX% loans, for Johnny remains both measures. X% allowance coverage provides credit As of

million ALF dues a even loans $XX and the Past X.XX% in only quarter. loans, of total with memory care this added to totaled of total

portfolio We have momentarily. and that previously, discussed loans I'll you give these update an on

At you to quality to Marshall, for some provide on asset information it turn the this who like time. Finance I John over would Shore John. Premier will

you. Kevin, thank Yes,

seen very standards, enjoys at through cycle, Bank Centennial space days end and finance points. Shore very-high quality, quality. you this this fact any normally to of in marine Kevin, for we delinquent, delinquency, asset think which in basis also Finance it XX-plus Because division enjoys points XX we the our of saw improvement. basis quarter, good underwriting runs around deterioration the asset the first have our Premier the I is XX

on under So basis-points about that $X book. was billion and X $XXX,XXX a

So I'm the quality way in up. pleased asset very is with holding marine you. Thank the space

to John. practices. That's your Thanks, underwriting impressive related and rigorous directly is grids

through properties. in in care been wanting January, I some And some a the As about for exit Florida in were memory disclosed million mentioned, time. $XXX that equity of loans partner, portfolio ALS of and we've working these they to

this And have negotiating landing position. buyers these soft We that to for are been assets. equity a there I'm report pleased for multiple

We assets contended leverage we low always with have that position. a conservatively these underwrote

Based this again on nearing expect all ongoing finality, are do negotiations which expect And portfolio. by we in the XX in any we time days. not the loss resolved be report to

I chose Finally, office classes, that to results release. wanted of of certain the some This due quarter's we And was the completed in were using asset quarter deep the press dive in analysis at balances performed this the we back XX/XX/XX. the the into included portfolio mention first XXXX. refresh during portfolio that regarding to concerns to

very strong that DFW located experience population rolling Miami, I to our continues bank than portfolio, exhibit would X% is the in continue less change asset which balances within company that should in levels high impacted of post Notably, states utilized Even in Texas space inflows. COVID. XX% portfolio quality is the that Florida, community geographies most totals headquarter which the of and there less point loan be office states are of X/XX/XX, to with in of of these footprint within of forward these in which past-due. like problem out the to in low by how majority is and to this no changes nearly are

of additions low-rise couple come community of part our a of a a the such footprint. attributes of analysis. asset multi-asset result high instances Positive predominantly recent and as as this leverage, Most to to facility. mind have through bank a low come class this within Outside CCFG occupancy as of

these is of highest best it what is based the not For additions most is the on. use, valuation office and nor

our very this We asset be about positive fragile in continue exposure to class. potentially

back Donna, you. I and I that's all, to it turn got will

Kevin. have we go Q&A, Johnny, to Thank do additional any you before you, comments.

I think was I it possibly quarter a great can overall. wrong. go said what

the You worst crash the ‘X, maintain Depression call ‘X, think since and liquidity the Great We see weathered right liquidity, ’XX, about that this didn't crisis financial coming. and certainly really to lots we we ‘XX shot. of call and the shot

So buying of Home I'm who a different in classes. lot put and spent today, BancShares their sure there's MBS asset so but those it money

have What to we we the it off, when it go. did cash let ran

So Signature, well be looking, there in anyway, so pick-up of was period we'll of makes assets and maybe hope, there that sense but were as is about some the lab saw I the over both bid to marketplace. to time, pieces not we'll we thinks we see was side of think on some for still us. happened that think what some based I buy stuff as, on on it everybody you're successful, we as I a also it Signature -- what pieces good be centers might opportunities something SVB,

there that certainly is the on report and off you've on that for something, a that paid underwriting of great marine of done and and and congrats you out to guys and key to Seems we Proud but marine John stuff quality the our keep producing you're asset miss world book. on numbers. you death of good Kevin exhausted what cooperation this scared Outside that. said and benefit be

for you thank that. So

to ever if to Donna, report ready Q&A -- ready. I'm good And go will you're

We'll open it and ready. for turn Alright. We're the to back all operator up questions. it

Thank is question you. first the from The Jon Arfstrom [Operator with Instruction] line RBC. of

proceed. may You

Hey, good everyone. afternoon,

Jon. Hi,

right? me Good. quarter. I Hear good Okay. Good, all agree.

you. Thank

numbers. Good

settled may deposits of point terms you're things if curious liquidity you lay have to starting for, prepared out, your deposit that you it flow lot back just from any are bank? of a see of have I into of you left view. think, some outflows. But And clearly and I'm these level the down In the are that of

-- we that, some of Yes, it for that. prepared were

these matter I got I we'll be got never many a But good. -- didn't we think question feel doesn't tax got one good, some you I think but that means we fine. Tracy time, whether tells any And we and some, period. asked, a it. that's they're trying people they're actually we're think think on pay little not. -- -- customer we or I that I in we offering losing we're X%-plus to that saw got asking didn't borrowed borrowed think you through I so they're We'll offering never profitable If X%, bit, I fours, that the Stephen tax the people X%, few to CDs, go I I overall, this and need I the we're money, means -- we on up something. barrow got says spent now but all think borrowed our for see we're time. naturally from If Fed we get through to money

loans. perspective, on aggressive we're the From not loan

in care back about important the thing decide That's asked you remember is I think much ‘X, make that me question most the what and you loans to we've is said and right sure we them. to think about don't strong. think key company I So now. ‘X I I The don't done.

any that's do. So to going to what and we're

seeing squarely good got the pretty We're around that loan So seeing we're running out aggressive side. there. not loans. demand. some on on loan loans are We're tougher little a We've

it. that So -- know we don't pull we we if I got the lines up need to

we've this don't we borrowed a in penny if know says, it, but we'll it. Brian need I We're X As borrowed I nickel. use year. mean,

ourselves slide on pretty that's us I'm bad two. it, But the for up on set it It to and optimistic use haven't money. season a may for So we how we blessing had we but depends price entire for got tax is.

I think comment Brian, that's on point. really even. that? Any the

hear you how the about correctly? that in but outflows, there Did you've it a I was that comment was deposit Steven, seen a lowest while. had

quarter. QX QX Tracy point That's the were April, about right. positive kind in were last this mentioned higher the were -- of, And X.XX% the Yes, I through position down acquisition. so levels those through year heels in of far. around deposits just, a bounced in and think They on we

of of at saw ours had customers a our that were to told surprise in we money a couple and Centennial money from March. West in by had inflow that bit maybe treasure Bank. in we of actually park wired We So deposits said, out little

instances, those and of focus few on but quality rate where -- be. so think strength -- a maybe saw we So the instead I more just highest of maybe may overall

We're deposits. properly We've thing un the cover we've uninsured to deposits. to solicit not had deposits managed and going this where our the ability big collateralized

think I come but they like those we don't I'm in put people maybe, We to here. it's So not money have sure lot not their of money -- goal. We'll our from out. control like a to some as everybody we're

allow So lumpy deposits end SVB would up in lumpy, like the bank.

So…

okay. Yes,

is this Yes, a deposits. the reflection of different

the half we're be sure not Speakers] [Multiple in the cycle. right, but will damn

I seeing and higher? this the you're feel rate about Can some not outflows, here? little saying margin question question, like do guys going keep gets it you're a it highest my more Well, being about next but but it's guess you're because concerned a this like lending, from is you good. where you're How margin feel doesn't which is next cautious bit on to And to discussion, opportunities. the deposit Yes. pushing good that be the you

like he being at is Home, [Indiscernible] home. he's like Like at

a… You have

to not this a I that's our mean, can. Jon, little get just the for try company. year, goal, in over I that's mean, the always part fun We want better forever past to right?

deposits as and attention me, to It's market. deposits. that's watch out the And cool we're steers on -- just now we worked to us. our making market where We favor weren't and haven't pay how the what's region not the had there with out But customers where in the in that. every had decisions in good go and adjusted right it's great high day position much the and interest to rates business every core pay markets have go of just just we the we and there -- we

we've some in. able bring been to stuff So

we margin, But about everybody I'm to question, to company out always your the about answer better do great the the region nervous and our Johnny there same part thing. but sure in it the is probably I'd get want make say,

rates rates at today flow. good anybody bet lock in And Loan as because I on are X% XX-years. long we'll the and we future. assets didn't have and swing. for doing go didn't And are with lot X.X% of that a for just holds deposit this CD this. So thank, the We XX-years. didn't gosh, a We the

$XX million week was (ph) had payoff is the loan We payoff the prepayment [X,XXX] this rate penalty and $XXX,XXX. a

them get told So to dollars prepayments. million that, we to I XX% got the with something something going at roughly replace maybe

we prepay and things weren't to to going didn't about We're we different anyway, -- weren't we cry the do for that. was So that asked they going stretch. not

stretch. So we don't

fixed I So at we refinance us paid didn't seven. But it forgotten floating it was like fixed, thought was stretch off. thought I and it they to and or it six was I've were able

Tracy. when said, got I rate they paid but that, to and on was off wow, it sent Now but replace me, what the I

make in not Kevin on. they're They're the for more bank. mean, users, happy. come $X:XX I

thanks All everybody. you. good Well, Thank that. message on right. It's a

you. Thank

the question Stephens. of is Mr. from Arfstrom. The you, Olney next Thank Matt with line

You may proceed.

afternoon. Hi, thanks guys. Good

you, Matt. Thank

on Want M&A to start the side.

looking color and to? soon, too the types specifically color being curious perhaps in You that the of (ph) mean, on within [SIPPI] today on then it's more commentary mentioned were at? that that you're from them what's but And this? I any you attracted opportunistic. about just the Any Signature mentioned, businesses you marketplace

They're in I and and one The don't mood they're back. mood, Home And and we're on. to that stretch. in And me won't at Don went perspective, the the even don't in -- a and I XXX% they're XXX% say some ratios. tired, and want but assets mean XXX% is to around Dallas, the bank deposit tank, is at And And to money. don't mark they out in in killed. while and have. was we're going the much straight because From I majority hadn’t they -- half one they're and loan money owners somewhere capital the met problem if the with prices -- they're the let specific Dallas in this to I particularly they're else. bank to up that lower ALCI, looking pay think sell are looked it's of most but margins worse. XXX%, for their think you we're we're cycle of the bid some more they're them that I looking those here, of is get M&A their Well, banks assets, loaned at that. worn running getting

mess your my created I'm want sheet -- and want any stressed straight, conditions and premium put is, that I balance point sheet sheet is I me put to you said to the do balance under put and get And take for on why stress. my to and said, let that me And that. balance not want I they that so pay why your my this struggling I you've under

maybe me take go right So attitude joking, it. kind it's I'll you serious of of country a XXX kind believe how banks don't the fragile and $XXX well. pretty maybe and in before this fragile now, XX, are. tomorrow. my see are in take banks run. I've said I not But pay if there's very a didn't and that I take you Banks crisis XX million, But damn could run never that's that seen to very

can take take not there's banks one, could many a Home Bancshares that run. but

want a open. We're be Home Bancshares right kind some and fine. will Bancshares Home will their Bancshares I that's is to where profitable. be buy know my somebody that operating buy don't I going fine Home now. of stance will premium be So to be problem, to pay doing We're

before of like to -- think you've Chuck So me heard the that. it's that But protect never Wagon. time I out be top

stretch, think and over -- think a I think be I don't could don't I think you before is time I it's it while don't I stretch, over. it's think it's this to

for here of Chunk We'll just customers. our take sit care we're going Wagon while. the a think I So and to protect

new fear, the be take new They've We'll to to have will take care get their customers existing the needs. where good be good Our care our no customers, of But We'll them. ability to customers. customers to be to us. in we'll been continue of here to difficult door. our finance

to I So that's think right now, the plant (ph). way same [Matt]

no Okay. problem. That makes the Yes, commentary there.

sound doesn't like it. Johnny the That does regular

you think office $XX and gave million some about great release in far guys press the criticized, as front, the I amounts did there and you details On as was LTVs geographies notable is and speak as to that -- guess far anything there? smaller that I Anything as trend what million a notable more Kevin of or small which more amount. $XX relatively disclose X% in

in a happens we Yes, OEM. that Texas is in probably the that it an but is criticized is stuff most we that X a at usually thing fair notable the two could then amount be on X and are year conservative next pretty take diligence X do we when that due look closer. that not due of And the diligence. And as marked classified, it stuff we and a to or get majority or market or and the

did review we it so to wouldn't that if annual majority when due an thought the better surprised of than be do looks diligence. I And we

majority of would that that bucket. that $XX in is I So vast what million is call the

Okay. That's Got good it. news.

at it any ‘XX, XX% percent not -- to and about About And that. matures so of and get of it most year about ‘XX particularly next to I'm XX% this year. look value loan in we'll concerned deposit to loan or

over and deep I'm you XXXX. office Home as potential what ago on last curious guys when dive loss book you guys how compares few And you years the portfolio in think to that this did Kevin to taking a I about thinking just guess a this hospitality a the few about did months. step back Banc similar deep it on about dive back

losses. this dive years you saw some you what to losses How few back deep would ago then? hospitality came loans carried office potential compare guys and larger You no out with

looked asset actually that same same and of I dive we did the then. majority Yes, year very has be office, time. of that say and and what in this is of last facility. it think, office. you my would put not half it would not similar it's around a New looks multi-asset the deep it remarks in really on a coated said we that to to year, the I I in been that's portfolio what though portfolio Even at and York expect most like the We looked disposition traditional the ultimate what

you completely an forever. to would going at you now operating an So be differently would office office building that than look that's and building

particularly footprint like majority good the our two our in the So I that are and within feel dive. fact I geographies, office. really of that even the footprint balances about strongest of in the for deep

good that wants. So about feel really bodes I that loss any group and potential think exposure I well. the for

all from Thanks. Okay. report. me. that's guys, All right, Great

Matt. Thanks,

is the Olney. with you, next of KBW. Gailey Thank Brady Mr. The question from line

You may proceed.

start Hey, lend. thank you. your you growth but at Good I a to of Home. case They're money loan afternoon, guys. not wanted John, the up, to that's have peers on don't lot mentioned loaned

pick to low loan Is money now to loan up you deposit time ratio. is have today's could see backdrop lend. relatively guys growth You or where of for And Home?

got that some he to Well, comfortable don't going at the in feel the is is for doing good And that we've that's it a I doesn't said we key time. great with years customers. seeing care customers, time. to take take to company some in our earlier enabled of credits we're many probably service our them. care point think from we're going grow -- I who've Kevin is us outside this customers, been point and of The feel this

Just say long-term people. can that those the and relationship probably somebody with comes terms we a conditions do we outside, won't from our and will we under build

when not in deposits. bunch anybody but ‘XX, and not we're that built Kevin we're we is in relationship. bring if we're were camera ‘XX interested there's Tracy a can't relationships and in built bunch, in interested we crisis. -- long-term timers available, that that's and built one -- We're interested just -- If ‘XX a And and

time that So there's an during to And is it's period time, worked of think we'll opportunity, I well be about time. anything. not mean, it -- ready I aggressive. the don't not us look that But the at for

be And to don't going you take to of this. think about opportunities here to and right? be money? your where come There's real time, I out this, do think because it's your know conservative spend I

areas that money. more some spend some different real could and make money lot a opportunities have You to in

opportunities think profitability to those. those stuff some are the take can and out build with we opportunities, chosen there. We some opportunity those increase hopefully So think We've shot we to have those now. a of

is we're of may opportunities. biggest opportunities. and opportunities cycle being That So just did careful. that this ‘XX ‘X, the I'm could became careful. in not fell not well one buyers happen those Very, have to Home real how survive just country real remember this is again. over. I back afraid ‘X, afraid ‘XX I'm this who And just cycle very those over, the

a loan, we're say book. just will. at concerned now I we do We'll at in we'll think right M&A. I going We're looking to about M&A it, we to think now. mean, a new trading, look they're I we're won't remain not banks bank are So average not just $XXX but -- multiple on trading interested

then It's like plus with and go Speakers] I'd Johnny Allison, to just to point enticing in time. this you've to dealt about so [Multiple side, conservative but right? us. I just else's headaches at that's where X That problems times already a pretty that's think book, on with they're trading. sounds want buy somebody me don't And I

kind Banc. to where Home That X%, you at reserve pristine say, makes to at go in Do are pretty considering credit And draw lower need X%? high is you sense, backdrop, percentage hey, or continues to reserve still The relative still though. is your here which metrics at the then this the look you and running. reserve quality, do line it's the think of a we keep sand

look X% long a loan I guy, always watch is that. we say. then But I'm a all I do X% worked. guy. that understand loan all stuff what they all and don't know calculations. And I go We understand at compare X% I through worked. importance X% of worked. I care X% it’s -- that. I'm a that the always It's the the And I'm guy. I

doesn't works. to X% I me. know matter it So

guys me, say, -- you sorry you And Johnny? then did lastly what for

hear didn't do that. say? What you I

is the active been why is question stop guys last would have at or any the you just a still buyback, My it you value reason on that you buy buyback, on think here? back do the good stock is there

on because Well, so been we shares far XXX,XXX they've the hammered bought XXbX, our back stock.

banks, So time but it's the it's on one all I think just to we kept -- other mean buy.

we what we're we're when put - So Stephen the pleased as doing we've got with and XXbX stop. in to

and we've we've get bought the and little shares but more. buy so I to XXX,XXX got then we bit, a the ability for before, cheap So say we gets stock out spot.

Great. Thanks guys.

Thanks, Brady.

Thank you, Mr. James. Gailey. The Raymond Rose from next is Michael question with

proceed. may You

Hey, afternoon. guys. Good

are I know, there. know, business. have see on that that of guys you you touch capacity space would to expect business. grow that Poulton’s Chris as to the Do in going competitors I the in environment pull wanted some Just to this a you kind an For of back. lot opportunity? you

just we would is, I hands threshold that an think right pull back? of know, this holistically and Thanks. as pricing could of kind other loans. environment If think you in so play we your people would of power XX kind view how you update get there the

put… don't We

Hey Michael.

to Chris, for let I'm answer and take going himself. Chris that

Yes, thanks And Johnny. Michael.

right Johnny's in today. tomorrow we the can I is theory we little a we camp loan is which true, think make the in now, than betting make I think Certainly yesterday. that's better loan loan make I'm can the

of and were say I can care our no things. list getting different And talking we're because create so you ways the taking my asked that, saying a no, I phone the to people, to ways we is was ringing a to too team tired of of lot and we're customers

probably different up and about XX ways grow. that say we're no will to to So

saying point. pay get And in are, about start at I and too. see yes to first we like and probably we'll mean, downs. the and this million to some we But do quarter. right same something did that the We'll continue XXX quarter I we now payoffs

loan was last that before about one. can't that good. might CMBS paid such And not, and is the takeout week of was be kind how really it's I've not kind look concerned that go things so take out market if we exit on there that that take off what's the so to some things, that's of like or because well that out, a got it's great CMBS see good going the wanted just we to of I In One think is been to about other CMBS, a and loan there much. of if X was

little probably getting off on good to now for loans, went that buy well. lenders They've well our that's a be That's facilities buy and what They're right They getting getting business. more are for on focused that to with that more customer we'll cetera. is next was institutional raised customer. for But institutional and do It ready buyers executed assets, comes what money. and ready. ready loans, go et us, we're make

our for when It's where probably really gearing in opportunities, last months. couple us. with facilities been really or up for place has because And over they so the We've focus been putting of see those cetera, folks, that's et it’s opportunities them. opportunities

And that's so we'll and business on that. stay we built this how focused

not to my going interesting. I put in get little more interesting see So facilities but backing that’s I an going people then capital the a a think folks starting are little sometimes, saying finding We're and but deal, had that's opportunity bank's fresh new that a probably think discussion is I out where to phone just from calls there, and I'd the more that.

Stephen do one the we've Any it? appreciate could about of you Tipton, kind I color. is DDA maybe seen at great potentially XX%. the for bottom then thoughts where worst And or think That's mix of around that Chris. it,

‘XX think I in we go pre-pandemic range. I were so -- levels, mid-XXs back think if we or

back down, side. categories of in on last the I drifted looking with other some bearing in the it's just the kind of, our over think several quarters, step interest

So may as of down bankers all conversation and some mentioned, it on things those it’s pull are certainly and our of as those But there. that's it and we out core payments tax focus, with and goes, customers real focus near-term. presidents think our balances I those that our operating

the So it's certainly focus.

could for guys. All Johnny, where me Wagon, know let -- Chuck guys applications I sign Thanks, guys. if that Thanks are right. up. you've you And if taken

want hear be to darks. one your I Did me? Okay. of you

cheaper, if hear hear not get you. so. you. see. Appreciate I I did. you not. Hope Well, Thanks, Hope I we'll guys. it.

Thank Group. from with Brett Rose. you, The Rabatin question next is Hovde Mr.

may proceed. You

of Hey, savings forward? the on everyone. expenses about for pulled if quarter to good color on sure have been some that. Happy all run think level hoping where if on afternoon, maybe and is a going out, rate are to not the Wanted but good start expense And was first you I'm

point mean in on in time, this for I be on much Happy, at our savings. plans we're we're pretty what going there having to

We a the not I some But run had go salaries far we in where VICO side, first little had about then of on and million. but good think from pretty rate. on max rate. could up, and in everybody which quarter, start that was a it's will it's accruals flip because the the $X.X a reversal run bit regular stuff stuff,

one just more So, of maybe down additional that And the or even for that about this if Okay. you thoughts Can And and flying to the on? in was oriented with back you Is see just a you potential you industry some liquidity the turmoil? maybe like you there it conversation, turmoil in sounds weren't month down talk in credit That's with those what other talk was like might the that focused curious sounds you're to a you've horns or we and talking it about in like talk Can on was and helpful. come. had you're Johnny And planes were lower it failures. about earlier focused for I what then were you people it buckled noticed pulled on terms maybe quarter is said recession? where done things? look what T-bill ago, I've somewhat. you than

it. they think for positive. back are down, think like which we'll then I we'll look things later If higher they with back come a the It fix do, don't date to we're in to pivot. have pivot, does Well, ‘XXs cannot at Fed Voker be longer. slowing is and going and can and be The I

I positive. think it's

think interest not thing that good. that's then maybe just and that's for is can while and pause it. chance rates I probably hold smart do to and the And another quarter watch a a do. There they anything

the over thinks another It the push the be as in of think they're what what rates just now. Fed pushed till stop to points it they And mean cooked kind broke. and it result is. They could inflation this and be really pushed I needed because I it fastest got not basis a yet. of it as XX right to we on pushed rate at broke. that's depends and monster That till sad seeing. it stick done, it's

So certainly down it back, may appears way. be be may that it coming coming

So we're going in while. to I think for think we're And we're for longer. an be about higher going to be a environment here where I

up, than I up, don't So XX but maybe more maybe maybe flat XX any that. think

to to are this people they'll in the these They'll and continue money process. for pay trouble struggle have So that while. higher in through for trouble will remain higher rates banks a and

be of get out to we the bet, and to Home in about that, sheet. got the aggressive out side to leverage it's it's just hell they do to their that the then time that on only end we way in way figure think rates somebody buy out the their when to maybe balance spent bank maybe bet, country you going more acquisition didn't and about go we today point over could So that when and on the the money bet and

buy I course, And premium want mean, a us them, of to for right. they

sheet crisis. much So leverage seen they my don't but really never is to premium, liquidity willing to sell first a one. in time balance I've crisis is this not my see I'm point This now. up right

loan the the I I hanging they're They areas what loans than ‘XXs wouldn't hanging and credit of those broke unions. I when similar in. their are And surprised. they're back talked is. and don't low it asset savings what all So mean, the loan guarantee some a paying and about today. surprised did It broke. earlier, summit that's I in doesn't we have in did engines credit union Bunny are higher I'm all see rate book credit bunch went rates break not the be

things So there. bikes tight the that to I'm before I'm are there not are saying be appears and really, know way bikes unwind. years when going really you I struggling. that mean, just certainly see some look some it's they it up. predicting lined I you out really right And out now,

month. years maybe, [Indiscernible] they've four this three, got for XXX solve week, next doing this toll to That next going not two maybe pricing. I deal XX, or remember they're mean, as of walking as I fixed in the strongly guys it.

that's forever, the X X.X to to percent I Well, I've And he's paying for I Now look X.X us? it hate want worked percent back percent sell us. right? book they number told today. what money. that Because at his to

where of think want And in it a and opportunity something, just do another be and liquidity So be do Home believe take would how that? believe point buy time? is, I to the to it questions. And or will how makes pieces I for when you and opportunity up think big much it's to know sense some But there. the So do I what cautious you it liquidity bit financial ability because buy the does our assets you be risk then -- smart institution. what at and it times has be don't those that I home it's I I And careful that know the hasn't is yet. but don't step

see sense. at I I been about really don't knowing we as can't is, it know it. I makes that's but don't what when We've good know it pretty That I it. see do. can add going to good as where

Brett. that, for So thank you

Martin you, Thank The Brian last of Mr. with Janney. line the Rabatin. is question from

proceed. You may

Good guys. afternoon. Hey,

just Just end. at things maybe just a of the couple

the year-end I on within the standard stands or last Can -- just I at the it I'm looked loans is the in of you loans. the in of of with wondering any bit dive a office kind guess guess kind that December just quarter, estate level book? of increased of where give just on little real they kind quarter, now, conjunction like but you not kind Just today the did trend sure It where and and in classified stuff color?

Kevin. Hey, this is

They're of was or turned review time a bad back see around in for of increase just bit an classification. year-end, come next we has have little yes, the had there things of And them. for pretty the business them at and them. one expect So the a that time that them timing energy large relationship this we'll for came turned out either probably back around quarter the

lot that, downward. of So other seen than I've a not movement

Okay.

the fourth classified not that or criticized whole So base? no on that quarter today, either real a change levels from to from level on lot

Not materially. No.

Yes.

people are Okay. I something just opportunities, out just about realistic at looking that opposed that just lot not? there, All that's but Johnny, or the M&A, some Is but probably to a banks lift of a possibility out outside that about lift to just is the think right. know outs that's as the guess, I how FDIC of And just how any you're I banks about of about or then something acquisitions. have guess to struggling these bailed

so don't like I'm like I I think like rest a guy. it's drink lifted don't don't be mean, to I Yes, I but… out can stuff. I out. the don't not it, of lift lift to let not -- chicken, a I out, you I'm

got I you.

in, inside signing suddenly somebody, home them and you you and hero their give trying -- going some they they're you. them, you're Brian, business out bring to you of $XXX,XXX to bonus going lots go on they're walk go given teach go might them and

had worked saw not happened We watching. with I'm those there what us So in And to not you for Texas. out out people. those has that that as know to West And she guys. us happen

worked not has That well. very that. explain out me Let

now. that is some one correct understand unemployed have I have found know I or think, or improperly moved may left told I we that but don't what if back I got of not, people information nearly those every that

that So out how I don't know well really. works

gone. I but of -- is are So it those those think closed lot people and are a gone, they've people branches

did right. they what was was So not not

to So don't them I doing people. that don't I do -- want other I me. that want it to don't

So…

going behind actually a remind as Johnny That's I wouldn't I because at makes back. really lifted are them. and significant months right talked thereafter to you, his I we bank we and out. And And that hired just saw that really care felt eye. our guy, put few hold now we're to I important and am bad. group take somebody know looking just CEO. a to don't than I'd talking and care doing opportunity Kevin more new customers I I don't I'll of liked Johnny, great been I for that was here it'd take and while to I relationships. now be sense, want opportunities in ago people thought, the have exactly us on how going shortly would right. a hey think to if a just I about to Great, how And of said, this his felt it And me. conference him -- -- pass

conscience for just be are they what that's their style no to that they happens do what have us people Some did do. I operation of it. And and paid first ours. want to and able they they mistreated mean, not to service

And That's just you. the period for some did just I to of March, ending more as of you where gave with -- kind of, kind one end -- margin. a and the helpful. of the with kind as where the hike kind Johnny's in did like just end wondering Stephen, peak guess Got on near we're feels for of far rates. margin one guess and I stopping, Where of alluding kind maybe Stephen, know maybe points I

cycle yields that you ending here. Just the understand it. about the then consistent tightening just of to ended we and understand just it how going kind but I thought that's are you're if it where are with wondering higher, maybe if and to trying thinking loan take want higher

Sure.

March So at the we NIM. ended X.XX% on

it's a here, shows if get up, the every that and strength Alco think slightly quality of go may with there, that everybody's around we the where slightly, see but we -- world was have we might XXX% there flight continue rate our that little rates focused event on that If income interest think benefit last day. to go but events of comments. fairly the maybe highest consistent still another where another as to focuses from here up it month instead don't over averaged I the model to from we Tracy's bit know like benefit be. with the quarter I mean, been that I in echo rates

portfolio So portfolio, flows reprice. have will up rates that's cash our got and in. either to We've that as got that. loans focus, we've the investment as as move component We've go got mature loan the to variable or the come opportunity

not go or whether we what have and the on asset we had continue to to side on see opportunity far do So the offset how rates deposits. we'll to

said… you And it. Got

time, told going our business. of totally lenders we're of to as struggle of buying opportunities So they're banks scale, if We're suspect have for around will different a banks of said some longed with lending the of of the out for the period so a because commission out they're there on many the be these business. looking are and lending up lots in they're future, because people, lenders,

I'm of So those of lenders. of the some lenders, that hurts income some those sure,

see of may around. You moving some that

kind quarters think through you think beta deposit kind couple kind next any And true. of beta cumulative the Yes, you of sense Stephen, that's you in? the of on may that end could the just of you of kind have the get all where year where as

on side. in QX changing the absent mean, past been I No. range and funding this and I XX something the think % of we've each in quarter

that I we be. think where would that's to target

fairly we key The running we've out deposit cost. the cost. successful been can the outrun deposit and as Yes, is

some immediately. we're behind daily that So on different that's won. -- little we we a shortly But overall, last the behind the lost month. this little overall, guess and a I quarter shows was some report days But won fairly

So, hopefully, we hold can that together.

stand and you thank out. the added Yes. taking questions for office on all thanks Definitely for the the book and Well, disclosure It's very liquidity. of helpful. the

you. Thank

Martin. Thank you, Mr.

line additional with one from question have Sandler. of Piper Stephen the We Scouten

You may proceed.

Hey, good afternoon, everyone.

pushed crossed you currently, all kind Sorry, I'm in were additions well? if those billion required $XX did to on and need assets ask of incremental you're it this add you I little to through transpired And of just I been due hasn't as at late. and sort think wondering people oversight to didn't might you covered? like that's if And what you headcount regulators when guys probably the time. hearing from I get want down a of But hopped felt remember just

Stephen, I get it think pushed could up.

Saint happen Louis what I We -- coming that That's a That what to forced. California. you we think, need. that have been I with We not happened what worry happened thing about new the just we result regulations regulation banks of down need I That wasn't didn't and SVB of here. needed. That Signature. wouldn't on would as in one happened wouldn't region. regulators. our have promise out not

are on great regulators the a of game. They job. top do Our

us a with they great and we in relationship line. line stay keep have in them, We

Louis have that not can at was think doing, Saint because that would you I think here. never have closest, that somewhere, store, think happened I been else's if that of responsibility what -- that was one throw -- was I properly somebody with thing, I you I So may think attending if the stones promise want we're stays us,

was guy the -- think I one communities I been think. to That only too But out keep they Bank the I far that good stuff and didn't it. of I department, in and more -- lots the was they're State Arkansas we good. and look that don't some Fed, there that we've ever, very appeared that bank of liberal mean member was will some experience. line and And more to a us only had But too, have to former a out have on lapse get Arkansas fear in down think more some mean banking judgment stock. fix those of I think it going of I offerings but They that come regulations I more think board

they they So me, didn't didn't attention. just pay To attention. pay

So over, with is and that thing a lasted that's the bam, how sheet it days was. it mismatch and was balance fragile it two

in go So that's what you see hours. that and one as bam, XX banker gets in your a blows financial as large when institution, it attention a a shareholder up

So be it time to tells conservative. you it's

Yes.

bank is we no Well built bank the withstand like run. to sure. For really discussed,

yes, in got -- of you to I that's So the place, prevent suppose. that kind first

a So congratulations great quarter. on

my the tickers few green of One screen on right now.

you're So that to well in catbird done. that agree market the seat, appears

report. thank much Well, for your Thank Allison. you, John Great right. All you very support.

Mr. Thank concludes Scouten. you, the session. That question-and-answer

for will I closing turn Mr. call any the Allison over remarks. to So back

have it to all. said I say today. we've think I think we anything don't else

And all our our at starts there meeting -- ago, XX said then I minutes think conference starts it we've that's minutes for move we that meeting our shareholders today. in It have ago. we from XX Board call to our and line we're right.

thanks So look days XX for you everybody's forward all to to in support. talking and

That you your Thank concludes call. today's participation. for

disconnect now may lines. You your