Bank OZK's Q3 Earnings Beat on Higher NII, Provisions Increase Y/Y

Bank OZK's (OZK) third-quarter 2024 earnings per share of $1.55 surpassed the Zacks Consensus Estimate of$1.53. The bottom line reflects a rise of 4% from the prior-year quarter's actual. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results benefited from a rise in non-interest income and net interest income (NII), driven by higher rates and improvement in loans and deposit balances. However, increases in expenses and provision for credit losses and rising funding costs were th ...