Bank Ozk Stock Price, News & Analysis

Bank OZK (Nasdaq: OZK) has been ranked as the top performing bank in Bank Director’s 2021 RankingBanking Performance Powerhouses study, achieving a remarkable 3,142% total shareholder return over the past 20 years, the highest among publicly traded banks. The study evaluated banks based on ten essential categories, including lending and technology strategies. Since 2012, Bank OZK has received 14 top performance awards from leading industry publications, recognizing its strong business model and commitment to long-term shareholder value.

Bank OZK has announced a regular quarterly cash dividend of $0.2775 per common share, payable on January 22, 2021, to shareholders on record as of January 15, 2021. This dividend reflects a 0.91% increase from the previous quarter, marking the 42nd consecutive quarter of dividend increases. As of September 30, 2020, the bank had $26.89 billion in total assets and operates more than 250 offices across nine states.

Bank OZK (Nasdaq: OZK) will report its fourth quarter and full-year 2020 earnings on January 21, 2021. The earnings announcement will coincide with management comments, available on the investor relations website. A conference call is scheduled for January 22, 2021, at 10:00 a.m. CT, allowing stakeholders to ask questions. Bank OZK operates over 250 offices across nine states and reported total assets of $26.89 billion as of September 30, 2020.

Bank OZK (Nasdaq: OZK) has appointed Jake Shapiro as Managing Director of Digital Banking. With over 20 years of experience in business transformation and fintech, Shapiro aims to enhance the bank's digital banking services. Carmen McClennon, Chief Retail Banking Officer, emphasized that his expertise will help achieve the bank's vision for leadership in the industry. Bank OZK, established in 1903 and operating over 250 offices across nine states, has total assets of $26.89 billion as of September 30, 2020.

Bank OZK has appointed Terri Bunten Guthrie as the new Metro Atlanta Division President, managing Community Banking for its twelve offices in the region. Guthrie brings over 30 years of banking experience, previously serving as North Carolina Division President since 2018. She is active in community service and has been recognized as Marietta Citizen of the Year. Bank OZK, established in 1903, has over 250 offices across ten states and reported $26.38 billion in total assets as of June 30, 2020.

Bank OZK (Nasdaq: OZK) has released its management comments for the third quarter and first nine months of 2020, highlighting its robust position as a regional bank. With over 250 offices across multiple states, the Bank has garnered recognition as the Best Bank in the South for 2019-2020 by Money. Investors can access detailed financial reports and updates on the Bank’s investor relations website. This announcement underscores Bank OZK’s commitment to innovation and excellence in financial services.

Bank OZK reported a net income of $109.3 million for Q3 2020, up 5.2% from $103.9 million in Q3 2019. Diluted earnings per share (EPS) were $0.84, a 3.7% increase from the previous year. However, net income for the first nine months fell 47.3% to $171.4 million, with EPS down 47.6% to $1.32 compared to 2019. Pre-tax pre-provision net revenue for Q3 2020 was $145.7 million, a 1.0% increase year-over-year. The COVID-19 pandemic resulted in a provision for credit losses of $7.2 million for Q3 and $196.9 million for the year-to-date, raising the allowance for credit losses to $377.3 million.

Bank OZK (Nasdaq: OZK) has declared a quarterly cash dividend of $0.275 per share, payable on October 19, 2020, to shareholders recorded as of October 12, 2020. This marks a 0.92% increase compared to the previous quarter. The bank has consistently raised its dividend for the past forty-one quarters.

As of June 30, 2020, Bank OZK reported total assets of $26.38 billion and has established a reputation for providing innovative financial solutions across ten states.