Bank OZK (Nasdaq: OZK) announced a new $200 million stock repurchase program for its common stock. The program becomes effective July 1, 2026, after the current plan expires, and runs through July 1, 2027, with all required regulatory approvals obtained.
Repurchases may occur via open market or private transactions under Rule 10b-18. The Bank previously repurchased 3.89 million shares for $176.6 million at an average price of $45.34 per share.
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Positive
New stock repurchase authorization up to $200 million of common stock
Program effective July 1, 2026 through July 1, 2027, giving a one-year window
All necessary regulatory approvals obtained for the stock repurchase program
Prior program repurchased 3.89 million shares for $176.6 million
Average repurchase price under prior program was $45.34 per share
Negative
New repurchase program does not obligate any specific dollar or share amount
Program may be suspended, modified or discontinued at any time
No detailed schedule or timing for future repurchases is provided
News Market Reaction – OZK
+0.89%
+0.89%Session close to close
In the Jun 30 session, OZK gained 0.89%, reflecting a mild positive market reaction.
This announcement adds a $200 million buyback on top of prior repurchases, signaling continued capit...
Analysis
This announcement adds a $200 million buyback on top of prior repurchases, signaling continued capital return alongside $41.7 billion in assets. Investors may weigh this against elevated short interest and future earnings trends when assessing sustainability.
Key Figures
New buyback authorization:$200 millionShares repurchased:3.89 million sharesPrior buyback spend:$176.6 million+5 more
8 metrics
New buyback authorization$200 millionMaximum common stock repurchases under new program effective July 1, 2026
Shares repurchased3.89 million sharesCumulative buybacks under program expiring July 1, 2026
Prior buyback spend$176.6 millionTotal cost of shares repurchased under prior program (incl. excise tax)
Average repurchase price$45.34 per shareAverage price paid under prior stock repurchase program
Total assets$41.7 billionBank OZK total assets as of March 31, 2026
Officesmore than 265 officesBranch and office count across nine U.S. states
Operating statesnine statesArkansas, Georgia, Florida, Texas, North Carolina, Tennessee, New York, California, Mississippi
Q4 and full-year 2025 earnings with slight YoY changes and record EPS.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent OZK news events have typically produced modest, low-single-digit price moves that broadly track the tone of each announcement.
Key Terms
stock repurchase program, rule 10b-18
2 terms
stock repurchase programfinancial
"its Board of Directors has approved a stock repurchase program"
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
rule 10b-18regulatory
"in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
LITTLE ROCK, Ark., June 29, 2026 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that its Board of Directors has approved a stock repurchase program (the “Stock Repurchase Program”) authorizing the purchase of up to $200 million of outstanding common stock. The Stock Repurchase Program has received all necessary regulatory approvals and will become effective July 1, 2026, upon the expiration of the Bank’s current stock repurchase program, and will remain in effect through July 1, 2027, unless extended or shortened by the Board of Directors.
Under the Stock Repurchase Program, the Bank may repurchase shares of its common stock from time to time at prevailing market prices, through open market or privately negotiated transactions, or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”). In establishing parameters for repurchase price and share volume, management will consider a variety of factors including stock price, expected growth, capital position, alternative uses of capital, liquidity, financial performance, the current and expected macroeconomic environment, regulatory requirements and other factors. The Stock Repurchase Program does not obligate the Bank to repurchase any particular amount of common stock, and the program may be suspended, modified or discontinued at any time.
Under the previously approved stock repurchase program that expires on July 1, 2026, the Bank has repurchased 3.89 million shares of common stock for $176.6 million (including applicable federal excise tax) for an average price per share of $45.34.
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 more than 265 offices in nine states including Arkansas, Georgia, Florida, Texas, North Carolina, Tennessee, New York, California and Mississippi and had $41.7 billion in total assets as of March 31, 2026. For more information, visit ozk.com.
Investor Relations Contact:
Jay Staley (501) 906-7842
Media Contact:
Michelle Rossow (501) 906-3922
FAQ
What did Bank OZK (Nasdaq: OZK) announce about its 2026 stock repurchase program?
Bank OZK announced Board approval of a new stock repurchase program authorizing up to $200 million of common stock. According to Bank OZK, the plan has all required regulatory approvals and allows open market or private repurchases under Rule 10b-18.
When does Bank OZK's new $200 million stock buyback program start and end?
The new Bank OZK stock repurchase program starts on July 1, 2026, and runs through July 1, 2027. According to Bank OZK, it begins immediately after the current program expires and can be extended or shortened by the Board.
How many shares has Bank OZK repurchased under its current buyback program?
Bank OZK has repurchased 3.89 million shares of common stock under its current program. According to Bank OZK, these repurchases totaled $176.6 million, including federal excise tax, at an average price of $45.34 per share.
How will Bank OZK execute stock repurchases under the new OZK buyback plan?
Bank OZK may repurchase shares at prevailing market prices via open market or privately negotiated transactions. According to Bank OZK, buybacks will follow applicable federal securities laws, including Rule 10b-18 of the Exchange Act, and consider factors like capital position and growth.
Does Bank OZK have to repurchase the full $200 million of OZK stock?
Bank OZK is not required to repurchase any minimum amount of stock under the new program. According to Bank OZK, the authorization is discretionary and the plan may be suspended, modified or discontinued at any time.
What factors will Bank OZK consider when deciding OZK share repurchases?
Bank OZK will weigh stock price, expected growth, capital position and alternative uses of capital when repurchasing shares. According to Bank OZK, management will also consider liquidity, financial performance, macroeconomic conditions, regulatory requirements and other relevant factors.
