Welcome to our dedicated page for Bank Ozk news (Ticker: OZK), a resource for investors and traders seeking the latest updates and insights on Bank Ozk stock.
Bank OZK (OZK) provides investors and stakeholders with centralized access to official financial updates and strategic developments. This resource aggregates essential news about one of America's most established community banks, founded in 1903 and recognized for its disciplined approach to regional banking.
Visitors will find timely updates on earnings announcements, regulatory filings, and strategic initiatives, alongside insights into the bank's expanding regional footprint. The curated collection serves as a reliable reference for tracking OZK's financial health, leadership decisions, and community-focused banking practices.
Key categories include quarterly results, leadership changes, product innovations, and market expansion updates. All content is sourced directly from verified corporate communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page to monitor OZK's progress in maintaining its position as a leader in relationship-based banking while adapting to evolving financial sector demands. Check regularly for new developments impacting this institution's unique blend of traditional values and modern financial solutions.
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.
Bank OZK (Nasdaq: OZK) announced its management comments for the second quarter and first half of 2020. Recognized as the #1 capitalized bank among the top 100 largest publicly traded U.S. banks by asset size, Bank OZK reported a strong Tier 1 Leverage Capital Ratio as of March 31, 2020. The bank operates over 250 offices across various states, providing innovative financial solutions. It was named Best Bank in the South for 2019-2020 by Money. For detailed financial reports, visit Bank OZK Investor Relations.
Bank OZK (OZK) reported a net income of $50.3 million for Q2 2020, marking a 54.5% decline year-over-year. Diluted earnings per share (EPS) fell to $0.39, down 54.7% from Q2 2019. For the first half of 2020, net income was $62.1 million, a 71.9% drop compared to the same period last year, with diluted EPS at $0.48. The COVID-19 pandemic severely impacted the financial results, leading to a $72.0 million provision for credit losses in Q2. Despite this, total assets grew 14.9% year-over-year to $26.38 billion.
Bank OZK (Nasdaq: OZK) has entered into a Purchase and Assumption Agreement to sell its two South Carolina branches to Sharonview Federal Credit Union. The branches, located in Hilton Head Island and Bluffton, had approximately $107 million in deposit balances and $3 million in loans as of March 31, 2020. The transaction is expected to close in Q4 2020, pending regulatory approval, and is anticipated to yield a small gain on sale. After this sale, Bank OZK will have no operations in South Carolina.
Bank OZK has announced the sale of its two Alabama branches, Mobile and Geneva, to Merchants & Marine Bank and 22nd State Bank, respectively. The transactions, subject to regulatory approval, are expected to close in Q4 2020 and may result in small gains. As of March 31, 2020, the Mobile Branch had approximately $26 million in deposits and $23 million in loans, while the Geneva Branch had $66 million in deposits and $8 million in loans. Post-sale, Bank OZK will no longer operate in Alabama, which has proven challenging with only two branches.
Bank OZK (Nasdaq: OZK) announced a quarterly cash dividend of $0.2725 per share, payable on July 20, 2020, to shareholders of record as of July 13, 2020. This marks a 0.9% increase from the previous quarter's dividend. Bank OZK has consistently raised its quarterly cash dividend for forty consecutive quarters. As of March 31, 2020, Bank OZK is recognized as the top capitalized bank among the U.S. top 100 publicly traded banks, with total assets of $24.57 billion.
Bank OZK (Nasdaq: OZK) plans to release its second quarter 2020 earnings report after market close on July 23, 2020, accompanied by management's comments available on their investor relations website. A conference call for questions will take place on July 24, 2020, at 10:00 a.m. CT. Bank OZK ranks as the #1 capitalized bank among the top 100 U.S. publicly traded banks based on asset size and Tier 1 Leverage Capital Ratio as of March 31, 2020, with total assets of $24.57 billion.
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