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Here's Why Bank OZK (OZK) is a Strong Momentum Stock
ZACKS· 2024-10-23 14:50
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style S ...
Bank OZK(OZK) - 2024 Q3 - Earnings Call Transcript
2024-10-18 19:07
Bank OZK (NASDAQ:OZK) Q3 2024 Earnings Conference Call October 18, 2024 11:00 AM ET Company Participants Jay Staley - Director of IR and Corporate Development George Gleason - Chairman and CEO Brannon Hamblen - President Tim Hicks - CFO Cindy Wolfe - COO Jake Munn - President, Corporate & Institutional Banking Conference Call Participants Stephen Scouten - Piper Sandler Manan Gosalia - Morgan Stanley Matt Olney - Stephens Catherine Mealor - KBW Michael Rose - Raymond James Brian Martin - Janney Montgomery S ...
Bank OZK's Q3 Earnings Beat on Higher NII, Provisions Increase Y/Y
ZACKS· 2024-10-18 12:10
Bank OZK's (OZK) third-quarter 2024 earnings per share of $1.55 surpassed the Zacks Consensus Estimate of $1.53. The bottom line reflects a rise of 4% from the prior-year quarter's actual. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results benefited from a rise in non-interest income and net interest income (NII), driven by higher rates and improvement in loans and deposit balances. However, increases in expenses and provision for credit losses and rising funding costs were th ...
Bank OZK: Solid Q3 Despite Near-Term NIM Pressure
Seeking Alpha· 2024-10-18 02:33
Shares of Bank OZK (NASDAQ: OZK ) have been a moderate performer over the past year, gaining 26%. While its deposit growth and credit quality so far have been strong, its commercial real estate-centric loan portfolio has been a source of Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know ...
Bank OZK (OZK) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-17 22:30
For the quarter ended September 2024, Bank OZK (OZK) reported revenue of $423 million, up 7.6% over the same period last year. EPS came in at $1.55, compared to $1.49 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $419.08 million, representing a surprise of +0.94%. The company delivered an EPS surprise of +1.31%, with the consensus EPS estimate being $1.53. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...
Bank OZK (OZK) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-17 22:16
Bank OZK (OZK) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.31%. A quarter ago, it was expected that this bank would post earnings of $1.51 per share when it actually produced earnings of $1.52, delivering a surprise of 0.66%. Over the last four quarters, the company has surpasse ...
Bank OZK Announces Record Third Quarter 2024 Earnings
GlobeNewswire News Room· 2024-10-17 20:01
LITTLE ROCK, Ark., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (Nasdaq: OZK) today announced that net income available to common stockholders for the third quarter of 2024 was $177.1 million, its eighth consecutive quarterly record and a 4.4% increase from $169.7 million for the third quarter of 2023. For the first nine months of 2024, net income available to common stockholders was $522.1 million, a 3.7% increase from $503.5 million for the first nine months of 2023. Diluted earnings per common ...
Bank OZK Third Quarter and First Nine Months of 2024 Management Comments
GlobeNewswire News Room· 2024-10-17 20:01
LITTLE ROCK, Ark., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK's (the "Bank") (Nasdaq: OZK) third quarter and first nine 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 ...
Unveiling Bank OZK (OZK) Q3 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-10-14 14:24
In its upcoming report, Bank OZK (OZK) is predicted by Wall Street analysts to post quarterly earnings of $1.53 per share, reflecting an increase of 2.7% compared to the same period last year. Revenues are forecasted to be $419.08 million, representing a year-over-year increase of 6.6%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during ...
Bank OZK Rewards Shareholders With 2.5% Hike in Cash Dividend
ZACKS· 2024-10-02 16:41
Bank OZK (OZK) announced a quarterly cash dividend of 41 cents per share. This indicates an increase of 2.5% from the prior payout. The dividend will be paid out on Oct. 18, 2024, to shareholders of record as of Oct. 11. This marks the 57th consecutive quarter of a dividend hike by OZK. Prior to this, the bank increased its dividend by 2.6% to 40 cents per share in July 2024. The company has a five-year annualized dividend growth of 10.17%. At present, its payout ratio is 26% of its earnings. This indicates ...