Blue Foundry Bancorp(BLFY) - 2023 Q4 - Earnings Call Transcript

Justin Crowley Justin Crowley Yes. I think the primary driver for that pickup is in our compensation line item. As we talked about during this year, we had eliminated our variable compensation expense due to the current environment and where we were in aligning to our targets. So that came in at zero for 2023. As we head into 2024, we reset those variable comp plans. So that increase $1 million -- quite around $1 million of that is driven by the reset of those plans. Again, we reevaluate that on a quarterly ...