Bank Of The Ozarks Inc (NASDAQ:OZRK) Q4 2019 Earnings Conference Call - Final Transcript

Jan 17, 2020 • 11:00 am ET

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Bank Of The Ozarks Inc (NASDAQ:OZRK) Q4 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
George Gleason

payoffs. And that compares to the 2017 $9.1 billion. So when we originated the 2016 and 2017 large numbers, we knew that we're going to pay off at some point in time, and the hope was we would be able to continue to find an ever-growing world of opportunities and keep out running that payoff wave and obviously when construction and development activity slowed down and competition got very aggressive in '18 and we originated less volume, we began understand as time has gone on that the differential in originations payoff wise was going to create what happened to us and that team and will probably happen in '20 and that will have some pretty slow growth years till we get through that. So I do think you're right that we ought to have less payoff headwinds in '21 and '22 than we've had in '19 and '20.

Analyst
Brian Martin

Got you. Okay. I appreciate all the color. Thanks.

Executive
George Gleason

All right, thank you.

Operator
Operator

Our next question comes from the line of Stephen Scouten with Piper Sandler. Your line is now open.

Analyst
Stephen Scouten

I'm sorry, I didn't have any further questions. Apologies.

Executive
George Gleason

All right, thank you.

Operator
Operator

With that, I'm showing no further questions in queue, I'd like to turn the call back to Mr. Gleason for closing remarks.

Executive
George Gleason

All right, well thank you all very much for joining the call today. We greatly appreciate your time and attention and we look forward to talking with you again in about 90 days. Have a great first quarter. Thank you.

Operator
Operator

[Operator Closing Remarks]