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 ...

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 ...

The market expects Bank OZK (OZK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on J ...

Bank OZK's consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats® index (Ticker: SPHYDA) since January 2018. The index consists of members of the S&P Composite 1500® that have followed a managed-dividends policy of consistently increasing common stock dividends every year for at least 20 years, and that meet minimum float-adjusted market capitalization and liquidity requirements. For more information on the index, visit www.sp ...

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 ...

The rating agency has affirmed all the ratings and assessments of Bank OZK, including its long-term local currency deposit rating of A3 and short-term local currency deposit rating of Prime-2. Despite the affirmation, the outlook on the bank's long-term deposit and issuer ratings remains negative. Capital Ratios and Profitability: Despite a significant decline in OZK's TCE to risk-weighted assets (RWA) ratio since 2021, Moody's expects this ratio to improve over the next 12 to 18 months. This improvement wi ...

A double downgrade raised concerns. Did it also create a buying opportunity? Shares of Bank OZK (OZK 3.88%) plunged on Wednesday after a Wall Street analyst moved it to a sell on loan concerns. To some, the fall looked like a buying opportunity. As of midday Thursday the stock was down 11.3% for the week, according to data provided by S&P Global Market Intelligence, as investors try to make sense of the warning and what it means for Bank OZK's long-term future. A rare double downgrade to a sell Bank OZK ope ...