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 ...

Core Viewpoint - Moody's has affirmed all ratings for Bank OZK, including a long-term local currency deposit rating of A3 and a short-term local currency deposit rating of Prime-2, but the outlook remains negative for the long-term deposit and issuer ratings [1][11][16] Capital Ratios and Profitability - Bank OZK's tangible common equity (TCE) to risk-weighted assets (RWA) ratio has significantly declined since 2021, but Moody's expects improvement in the next 12 to 18 months, supported by the bank's decision to halt share buybacks for the year [2][11] - The bank's TCE is currently at 12.4% of tangible assets, with a three-year average return on assets of 2.1%, which are seen as mitigating factors against concentration risks [13][16] Risk Factors - The affirmation of Bank OZK's ratings reflects a mix of positive financial performance and significant risk factors, primarily due to high concentration in commercial real estate (CRE) loans, especially construction loans, in a challenging interest rate environment [6][8][17] - As of March 31, 2024, CRE loans represented 455% of Bank OZK's TCE, with total CRE exposure nearly double this amount, posing risks to asset quality and profitability as interest rates remain high [17] Funding and Risk Management - Bank OZK's core deposit funding is robust, with about 81% of deposits insured or collateralized, and low reliance on wholesale borrowing, providing a buffer against funding pressures [7][8] - The bank's high-yielding, mostly floating-rate loans and low-duration securities portfolio have supported strong net interest margins, a key driver of profitability [7][8] Outlook and Potential Rating Changes - A downgrade could occur if the TCE/RWA ratio falls below 10%, TCE to tangible assets ratio drops under 11%, underwriting standards weaken, or reliance on confidence-sensitive funding increases significantly [3] - The negative outlook indicates that an upgrade of Bank OZK's ratings is unlikely in the near term, but stability could be achieved if the bank maintains robust profitability and capital ratios without significant deterioration in asset quality [11]

Dragon Claws/iStock via Getty Images Written by Sam Kovacs. Bank OZK (NASDAQ:OZK) is a financial institution which we have always liked a lot because of their unusual strategy: double down on real estate loans, which is their absolute specialty. So far, they've done an impressive job, with fewer losses, better spreads, and increasing dividends every single quarter for a while, as you can see on the DFT chart below. OZK DFT Chart (Dividend Freedom Tribe) Not that the market has cared much, as during the past ...

One Wall Street analyst is sounding the alarm on two high-profile loans. A Wall Street analyst has lowered his rating on Bank OZK (OZK -14.67%) to sell from buy due to concerns about some of the bank's largest loans. Investors are heeding the alarm, sending shares of Bank OZK down 16% as of noon ET. Big projects, big risk Bank OZK, formerly known as Bank of the Ozarks, operates from 228 branches spread across five Southeastern states. Is Bank OZK a buy following the downgrade? Bank OZK's loan book has held ...