Bank Ozk Stock Price, News & Analysis

Bank OZK (Nasdaq: OZK) reported a net income of $128.0 million for Q1 2022, a 13.7% decline from Q1 2021’s $148.4 million. Diluted earnings per share decreased by 10.5% to $1.02. The provision for credit losses was $4.2 million, contrasting with a negative provision of $31.6 million last year. Total loans rose 1.2% to $18.93 billion, but deposits fell 4.5% to $20.33 billion. The bank repurchased approximately 2.9 million shares totaling $131.6 million.

Bank OZK (Nasdaq: OZK) announced that its first quarter 2022 management comments are now accessible on its investor relations website. The bank operates more than 240 offices across eight states, including Arkansas, Georgia, and Florida. As a regional bank, Bank OZK offers innovative financial solutions and is committed to operational excellence.

Bank OZK has declared a quarterly cash dividend of $0.31 per share, marking a 3.33% increase from the previous quarter. This dividend is scheduled for payment on April 22, 2022, to shareholders on record as of April 15, 2022. Additionally, a dividend of $0.28906 per share on its Series A Preferred Stock will be payable on May 16, 2022. Bank OZK has maintained a consistent record of increasing its common stock dividend for forty-seven consecutive quarters and is included in the S&P High Yield Dividend Aristocrats index since January 2018.

Bank OZK (Nasdaq: OZK) will announce its first quarter 2022 earnings on April 21, 2022, after market closure. Management's comments and the earnings release will be available on their investor relations website. A conference call for Q&A will occur on April 22, 2022, at 10:00 a.m. CT, accessible via phone or webcast. As of December 31, 2021, Bank OZK had total assets of $26.53 billion and operates in eight states. More details can be found at www.ozk.com.

Bank OZK (Nasdaq: OZK) has released its fourth quarter and full year 2021 management comments, now available on its investor relations website. The bank operates over 240 offices across eight states, focusing on delivering innovative financial solutions through expert bankers. Investors can access detailed reports, including annual and quarterly filings with the FDIC. The bank encourages sign-ups for automated alerts about these materials. For more information, visit http://ir.ozk.com.

Bank OZK announced a strong performance for Q4 2021, with net income rising 24.3% to $149.8 million from Q4 2020. Diluted EPS reached a record $1.17, up 25.8%. For the full year, net income surged 98.4% to $579.0 million, and EPS increased 97.8% to $4.47. The bank recorded a negative provision for credit losses of $8.0 million in Q4 2021 and $77.9 million for the year. Total loans decreased by 4.7% to $18.31 billion. Deposits fell 5.8% to $20.21 billion, while total assets declined by 2.3% to $26.53 billion. The bank's strong capital position supports future growth.

Bank OZK announced a quarterly cash dividend of $0.30 per share, marking a 3.45% increase from the previous quarter. This marks the 46th consecutive quarter of dividend increases. The dividend is payable on January 21, 2022, to shareholders of record as of January 14, 2022. Additionally, a dividend of $0.32 per share on the 4.625% Series A Preferred Stock will be paid on February 15, 2022. Bank OZK has been part of the S&P High Yield Dividend Aristocrats® index since January 2018, highlighting its consistent dividend policy.

Bank OZK (Nasdaq: OZK) will announce its fourth quarter and full year 2021 earnings on January 20, 2022, after the market closes. The management's commentary will accompany the earnings release and be accessible on the investor relations website. A conference call is scheduled for January 21, 2022, at 10:00 a.m. CT, for a Q&A session, available via dial-in or webcast. As of September 30, 2021, the bank reported $26.1 billion in total assets and operates over 240 offices across eight states, showcasing its extensive regional presence.

Riverside Investment & Development and Convexity Properties have partnered with Canyon Partners Real Estate to develop the 30-story office tower, 1900 Lawrence, in Denver. Canyon has invested $80 million in preferred equity alongside a senior construction loan from Bank OZK. Construction is set to start in March 2022, aiming for completion in early 2024. The project will feature over 700,000 square feet of office space and 10,000 square feet of retail, designed with advanced technology and sustainability in mind, including features that prioritize tenant wellness.