Bank Ozk Stock Price, News & Analysis

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.

Bank OZK announced a quarterly cash dividend of $0.28 per common share payable on July 19, 2021, to shareholders of record as of July 12, 2021. This marks a 1.79% increase from the previous quarter’s dividend of $0.275. The bank has consistently increased its dividends for forty-four consecutive quarters and is part of the S&P High Yield Dividend Aristocrats index since January 2018.

As of March 31, 2021, Bank OZK reported total assets of $27.28 billion.

Bank OZK (Nasdaq: OZK) is set to announce its second quarter 2021 earnings on July 22, 2021, after market close. Management will provide insights during a conference call scheduled for July 23, 2021, at 10:00 a.m. CT. The bank operates across 250 locations in eight states with total assets amounting to $27.28 billion as of March 31, 2021. Investors can access the earnings report and the conference call via the Bank's investor relations website.

Bank OZK (Nasdaq: OZK) has commenced construction of a $6 million solar power plant in Arkansas, marking a significant step in its sustainable energy initiative. The 4.8-megawatt facility will supply power to the Bank's new headquarters and 40 locations across the state, positioning it as the largest renewable investment by a financial services firm in Arkansas. Expected to generate over 8.1 million kilowatt-hours annually, this project aims to reduce the Bank's carbon footprint by 160,000 tons over the next 30 years.