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 ...

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 ...

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 (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 ...

Bank OZK (OZK) remains well-positioned for growth on the back of a diversified loan portfolio, efforts to improve fee income and high interest rates. However, an elevated expense base and weak asset quality are headwinds. OZK's Growth Drivers Solid Growth Strategy: Bank OZK's growth is significantly driven by a de novo branching strategy alongside its inorganic measures. The bank's revenues experienced a compound annual growth rate (CAGR) of 16.3% over the last three years ended 2023, primarily driven by st ...

LITTLE ROCK, Ark., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the "Bank") (Nasdaq: OZK) expects to report its third quarter 2024 earnings after the market closes on Thursday, October 17, 2024. Management's comments on the third 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 Friday, October 18, 2024. Interested parti ...

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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 ...

Brian Martin Yeah. What I would tell you, and I think we alluded to this, the management comments, our higher level of repayments in Q2 contributed to a little bit higher level of kind of minimum interest, accelerated deferred amortization or deferred origination fees and so forth. So, Q1 was probably on the low side of average. And it's -- these are such variable things, it's hard to say what average is. But we felt like Q1 was probably low, $2 million or $3 million. Q2 may have been high, a couple of mill ...

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 ...