Bank OZK (OZK) Q2 Earnings Top, Stock Falls as Provisions Rise

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$381.7 million. Non-interest income was $28.8 million, d ...