On the macro backdrop, Griffith said the company remained cautious near term, citing inflationary pressures that “appear to be resurfacing,” driven in part by elevated energy prices tied to conflict in the Middle East. He said those dynamics could limit the Federal Reserve’s ability to reduce rates further, potentially weighing on economic activity and loan growth while also limiting further reductions in the company’s cost of funds. Still, Griffith said management remained positive on Texas’ longer-term pr ...