Bank Ozk Stock Price, News & Analysis

On October 25, 2021, Bank OZK (OZK) announced the hiring of Jim Lyons as Managing Director for its new Equipment Finance and Capital Solutions Group. This group aims to provide a full range of equipment-oriented collateral products, enhancing the bank's specialty lending capabilities. With over 30 years of experience, Lyons is expected to leverage his expertise to make Bank OZK the preferred lender for middle-market specialty financing. The bank currently holds $26.61 billion in total assets, showcasing its strong financial standing in the regional banking sector.

Bank OZK reported a 19.3% increase in net income for Q3 2021, reaching $130.3 million, up from $109.3 million in Q3 2020. Diluted earnings per share grew 19.0% to $1.00, while net income for the first nine months soared 150.5% to $429.2 million. The Bank registered a negative provision for credit losses of $7.5 million during Q3, which decreased its total credit loss allowance. Key metrics showed improvements in return ratios, although total assets and loans experienced declines.

Bank OZK (Nasdaq: OZK) has made its third quarter 2021 management comments available on its investor relations website. As a regional bank headquartered in Little Rock, Arkansas, Bank OZK operates 249 offices across eight states. The Bank is recognized for offering innovative financial solutions. Interested investors can access detailed reports and updates through the Bank's official communications and the FDIC's electronic filing system.

Bank OZK has declared a quarterly cash dividend of $0.29 per share, payable on October 22, 2021, to shareholders recorded as of October 15, 2021. This represents a 1.75% increase over the previous quarter's dividend. With this announcement, Bank OZK continues its impressive streak of 45 consecutive quarters of dividend increases, solidifying its status as part of the S&P High Yield Dividend Aristocrats index since January 2018. As of June 30, 2021, Bank OZK reported total assets of $26.61 billion.

Bank OZK (Nasdaq: OZK) is set to announce its third quarter 2021 earnings on October 21, 2021, after market close. The earnings press release will include management's insights and will be accessible on the bank's investor relations page. A conference call is scheduled for October 22, 2021, at 10:00 a.m. CT, for stakeholders to ask questions about the earnings report.

As of June 30, 2021, Bank OZK reported total assets of $26.61 billion, operating through 249 branches across eight states.

Bank OZK (Nasdaq: OZK) has priced its public offering of $350 million in subordinated notes with a fixed interest rate of 2.750% until October 1, 2026, after which it will shift to a floating rate based on SOFR plus 209 basis points. The offering is set to close on September 16, 2021, pending standard conditions. Proceeds will support general corporate needs, including growth financing and share repurchases. The notes are unsecured and will rank junior to senior debts, not insured by the FDIC. Forward-looking statements are cautioned due to potential risks and uncertainties.

Bank OZK reported record net income of $150.5 million for Q2 2021, a 199.5% increase from $50.3 million in Q2 2020. Diluted EPS reached a record $1.16, up 197.4% from $0.39 a year ago. For the first half of 2021, net income was $299.0 million, a 381.2% increase year-over-year. The bank's credit loss allowance dropped significantly, and it initiated a $300 million stock repurchase program. Loans decreased by 5.4% year-over-year, while total assets rose 0.9%.

Bank OZK (Nasdaq: OZK) has made its second quarter 2021 management comments available on its investor relations website. The regional bank operates 250 branches across various states, including Arkansas and New York, offering innovative financial solutions. Investors can access annual, quarterly, and other required reports electronically through the FDIC's website or the bank's investor relations page. For automated email alerts regarding these materials, interested parties can sign up on the same platform.

Bank OZK (Nasdaq: OZK) announced a quarterly cash dividend of $0.285 per common share, payable on July 19, 2021, to shareholders of record as of July 12, 2021. This reflects a 1.79% increase from the previous quarter. Notably, Bank OZK has consistently raised its dividend for forty-four consecutive quarters, earning a place in the S&P High Yield Dividend Aristocrats® index since January 2018. As of March 31, 2021, Bank OZK had total assets of $27.28 billion.