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 (Nasdaq: OZK) is a regional commercial bank and bank holding company that owns and operates Bank of the Ozarks and provides deposit, lending and related banking services. The bank reports that it operates in over 250 offices across nine states, including Arkansas, Georgia, Florida, North Carolina, Texas, Tennessee, New York, California and Mississippi, and emphasizes commercial banking and real estate finance activities.
This news page focuses on company announcements and developments that Bank OZK discloses publicly. Readers can find updates on quarterly and annual earnings releases, including management comments and related financial supplements that the bank makes available. The bank regularly announces dates for earnings releases and conference calls, and these events are reflected in its news flow.
Bank OZK also issues news about its dividend actions. The bank has reported many consecutive quarters of increases in its quarterly cash dividend on common stock, along with regular dividends on its 4.625% Series A Non‑Cumulative Perpetual Preferred Stock (OZKAP). These dividend announcements, including per‑share amounts and record dates, form a recurring part of its news coverage.
Another important category of Bank OZK news involves its commercial real estate financing activities through its Real Estate Specialties Group (RESG). Public announcements describe RESG’s role in providing senior secured financing for mixed use, multifamily, industrial and other property types across the United States, often highlighting specific transactions and loan originations over multi‑year periods. Investors and observers who follow OZK can use this page to review such transaction‑related updates, dividend declarations and earnings communications in one place.
Bank OZK (Nasdaq: OZK) has announced its 50th consecutive quarterly cash dividend, declaring a dividend of $0.34 per share, marking a 3.03% increase from the previous quarter. This dividend is due to be paid on January 24, 2023, to shareholders of record as of January 17, 2023. Additionally, the Board declared a dividend of $0.28906 per share on its 4.625% Series A Preferred Stock (Nasdaq: OZKAP) for the period ending February 15, 2023.
Bank OZK has maintained its spot in the S&P High Yield Dividend Aristocrats® index since January 2018, demonstrating a consistent increase in dividends.
Bank OZK (Nasdaq: OZK) will announce its fourth quarter and full year 2022 earnings on January 19, 2023, after market close. The management's commentary will be available alongside the earnings release on the Bank's investor relations website. A conference call for investors is scheduled for January 20, 2023, at 10:00 a.m. CT, accessible via webcast or telephone. As of September 30, 2022, Bank OZK reported total assets of $26.23 billion and operates over 240 offices across eight states.
Bank OZK (Nasdaq: OZK) has appointed Jordan Waldrep as the new Chief Investment Officer for Trust and Wealth. Waldrep, a CFA charterholder with over 20 years of experience in investment management, will lead the team responsible for providing investment and wealth management strategies to clients. His previous roles include CIO at TrueMark Investments and portfolio manager at USA Mutuals. Bank OZK, established in 1903, operates over 240 branches across eight states and reported total assets of $26.23 billion as of September 30, 2022.
Bank OZK (Nasdaq: OZK) announced a new stock repurchase program allowing for the buyback of up to $300 million of its outstanding common stock. This program follows the expiration of a previous repurchase initiative on November 4, 2022, and has received all necessary regulatory approvals. The repurchase may occur until November 9, 2023, or until the total cost of shares reaches $300 million. Management will decide on the timing of repurchases based on various financial and market conditions.
Bank OZK reported a net income of $128.3 million for Q3 2022, down 1.5% from Q3 2021. Diluted EPS increased by 8.0% to $1.08. For the first nine months, net income decreased by 9.4% to $388.7 million. The provision for credit losses rose to $39.8 million in Q3 2022 compared to a negative provision in Q3 2021. Total loans reached $19.51 billion, a 6.6% increase year-over-year. The bank repurchased 1.23 million shares for $47.7 million in Q3. Pre-tax pre-provision net revenue (PPNR) surged 27.2% to $208.1 million.
Bank OZK (Nasdaq: OZK) reported its third quarter 2022 management comments on October 20, 2022, highlighting its financial status as of September 30, 2022, with total assets of $26.23 billion. The bank operates over 240 offices across eight states, including Arkansas and Texas, focusing on innovative financial solutions. Investors can find more details on the bank's investor relations website.
Bank OZK has declared a quarterly cash dividend of $0.33 per share on its common stock, marking a 3.13% increase from the previous quarter. This signifies the 49th consecutive quarter of dividend growth. The dividend is payable on October 21, 2022, to shareholders recorded by October 14, 2022. Additionally, a cash dividend of $0.28906 per share on its Series A Preferred Stock is set for payment on November 15, 2022. Bank OZK remains a member of the S&P High Yield Dividend Aristocrats index since January 2018, highlighting its commitment to consistent dividend increases.
Bank OZK (Nasdaq: OZK) announced it will report its third quarter 2022 earnings after market close on October 20, 2022. A related management commentary will also be released at that time. A conference call for investors is scheduled for October 21, 2022, at 10:00 a.m. CT, accessible via webcast or telephone registration. As of June 30, 2022, Bank OZK recorded total assets of $25.92 billion and operates over 240 offices across eight states. Additional details are available on the Bank’s investor relations website.
Lionheart Strategic Management has secured $67.6 million in mezzanine loans and preferred equity for 601W Companies, which is redeveloping an office building at 801 South Canal Street, Chicago. This financing complements a $147.5 million senior loan from Bank OZK and aims to transform the site into a modern 700,000 sq. ft. office space. The project is part of a broader initiative in the area, which includes a nearby $1 billion renovation of the Old Post Office. Lionheart and Bank OZK also partnered on a $150 million funding project in Miami.
Bank OZK (Nasdaq: OZK) has released its second quarter 2022 management comments, now accessible on their investor relations website. As of June 30, 2022, the bank reported total assets of $25.92 billion and operates over 240 offices across eight states, including Arkansas, Georgia, and Florida. The bank specializes in innovative financial solutions and aims for excellence in its services. Investors can find further details through the Bank’s website or contact their investor relations team for inquiries.