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 ...

Bank OZK Introduction It has been more than a year since the fall of Silicon Valley Bank (OTC:SIVBQ) sparked fears of nationwide bank runs with the potential to jeopardize the stability of the nation's financial backbone. However, to those who dared to take a closer look and weighed the reasons for the fall of SIVBQ against the quickly announced Bank Term Funding Program (BTFP), several very solid value opportunities presented themselves. Two examples that I started covering here on Seeking Alpha in March 2 ...

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 ...

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 (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 ...

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 ...