Headquartered in Little Rock, Bank OZK (OZK) is a Finance stock that has seen a price change of -9.03% so far this year. The bank is currently shelling out a dividend of $0.4 per share, with a dividend yield of 3.53%. This compares to the Banks - Northeast industry's yield of 3.08% and the S&P 500's yield of 1.59%. From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company ...

Results benefited from a rise in net interest income (NII), driven by higher rates and improvement in loans and deposit balances. However, increases in expenses and provision for credit losses, rising funding costs and lower non-interest income were the undermining factors. Given these concerns, shares of OZK tanked 2.2% in afterhours trading. Revenues Improve, Expenses Rise NII was $388 million, up 8.7% year over year. Our estimate for the metric was $381.7 million. Non-interest income was $28.8 million, d ...

The reported revenue compares to the Zacks Consensus Estimate of $409.6 million, representing a surprise of +1.75%. The company delivered an EPS surprise of +0.66%, with the consensus EPS estimate being $1.51. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Efficiency Ratio: 32.7% compared to the 32.6% average estimate based on six a ...

This quarterly report represents an earnings surprise of 0.66%. A quarter ago, it was expected that this bank would post earnings of $1.44 per share when it actually produced earnings of $1.51, delivering a surprise of 4.86%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. What's Next for Bank OZK? Empirical research shows a strong correlation between near-te ...

LITTLE ROCK, Ark., July 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK's (the "Bank") (Nasdaq: OZK) second quarter and first six months 2024 management comments are now available on the Bank's investor relations website https://ir.ozk.com. GENERAL INFORMATION Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in approximately 240 offices in nine states includi ...

LITTLE ROCK, Ark., July 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (Nasdaq: OZK) today announced that net income available to common stockholders for the second quarter of 2024 was a record $173.5 million, a 3.3% increase from $167.9 million for the second quarter of 2023. For the first six months of 2024, net income available to common stockholders was $345.0 million, a 3.4% increase from $333.8 million for the first six months of 2023. Diluted earnings per common share for the second quarter of 20 ...

The consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. View all Key Company Metrics for Bank OZK here>>> The combined assessment of analysts suggests that 'Total Non-Interest Income' will likely reach $27.42 million. Compared to the current estimate, the company reported $31.99 million in the same quarter of the previous ye ...

Company Overview - Bank OZK (OZK) is expected to report a year-over-year increase in earnings, with a consensus estimate of $1.51 per share, reflecting a +2.7% change [3]. - Revenues are anticipated to reach $409.6 million, representing a 5.4% increase from the previous year [4]. Earnings Expectations - The stock price may rise if the actual earnings exceed expectations in the upcoming report, scheduled for July 17 [2]. - Conversely, if the earnings fall short, the stock may decline [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.52% over the last 30 days, indicating a reassessment by analysts [5]. - Despite this, the Most Accurate Estimate for Bank OZK is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.22% [11]. Historical Performance - In the last reported quarter, Bank OZK exceeded the expected earnings of $1.44 per share, achieving $1.51, which was a surprise of +4.86% [14]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [15]. Industry Context - In the Zacks Banks - Northeast industry, Equity Bancshares (EQBK) is expected to post earnings of $0.92 per share, indicating a +15% year-over-year change [19]. - Equity Bancshares has an Earnings ESP of 2.17% but carries a Zacks Rank of 4 (Sell), complicating predictions for beating the consensus EPS estimate [20].

Core Points - Bank OZK has been included in the S&P High Yield Dividend Aristocrats® index since January 2018 due to its consistent track record of increasing common stock dividends for at least 20 years [1] - The Board of Directors declared a quarterly cash dividend of $0.40 per share on the common stock, representing a 2.56% increase from the previous quarter [5] - As of March 31, 2024, Bank OZK had total assets of $36.03 billion and operates approximately 240 offices across eight states [4] Dividend Information - The quarterly cash dividend on the Bank's common stock is payable on July 19, 2024, to shareholders of record as of July 12, 2024 [5] - A quarterly cash dividend of $0.28906 per share was declared on the Bank's Series A Non-Cumulative Perpetual Preferred Stock, payable on August 15, 2024 [3] Company Overview - Bank OZK, established in 1903, provides innovative financial solutions and operates in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California, and Mississippi [4]

LITTLE ROCK, Ark., June 27, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (Nasdaq: OZK) expects to report its second quarter 2024 earnings after the market closes on Wednesday, July 17, 2024. Management's comments on the second quarter of 2024 will be released simultaneously with the earnings press release and will be available on the Bank's investor relations website. Management will conduct a conference call to take questions at 10:00 a.m. CT (11:00 a.m. ET) on Thursday, July 18, 2024. Interested parties ...