Bank OZK Announces $200 Million Stock Repurchase Program

Rhea-AI Summary

Bank OZK (Nasdaq: OZK) announced a new $200 million stock repurchase program for its common stock. The program becomes effective July 1, 2026, after the current plan expires, and runs through July 1, 2027, with all required regulatory approvals obtained.

Repurchases may occur via open market or private transactions under Rule 10b-18. The Bank previously repurchased 3.89 million shares for $176.6 million at an average price of $45.34 per share.

Positive

• New stock repurchase authorization up to $200 million of common stock
• Program effective July 1, 2026 through July 1, 2027, giving a one-year window
• All necessary regulatory approvals obtained for the stock repurchase program
• Prior program repurchased 3.89 million shares for $176.6 million
• Average repurchase price under prior program was $45.34 per share

Negative

• New repurchase program does not obligate any specific dollar or share amount
• Program may be suspended, modified or discontinued at any time
• No detailed schedule or timing for future repurchases is provided

News Market Reaction – OZKAP

-1.43%

-1.43% Session close to close

In the Jun 30 session, OZKAP declined 1.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a new $200 million buyback authorization following $176.6 million of prior re...

Analysis

This announcement adds a new $200 million buyback authorization following $176.6 million of prior repurchases, complementing a steady dividend history. Investors may watch actual repurchase execution and the bank’s capital levels over the program’s life.

Key Figures

Buyback authorization: $200 million Prior repurchases: $176.6 million Shares repurchased: 3.89 million shares +5 more

8 metrics

Buyback authorization $200 million New stock repurchase program authorization

Prior repurchases $176.6 million Amount spent under previous stock repurchase program

Shares repurchased 3.89 million shares Common stock repurchased under prior program

Average repurchase price $45.34 per share Average price for shares bought in prior program

Total assets $41.7 billion Total assets as of March 31, 2026

Offices more than 265 offices Banking offices across nine states

Program duration start July 1, 2026 Effective date of new repurchase program

Program duration end July 1, 2027 Scheduled expiration of new repurchase program

Historical Context

5 past events · Latest: Apr 21 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 21	Earnings release	Neutral	+0.3%	First quarter 2026 earnings with modest year-over-year declines in net income and EPS.
Apr 01	Dividend increase	Positive	+0.8%	Raised common dividend and declared preferred dividend, extending long streak of increases.
Mar 31	Earnings date set	Neutral	+0.8%	Announced timing and access details for first quarter 2026 earnings release and call.
Jan 20	Earnings release	Neutral	+0.7%	Fourth quarter and full-year 2025 earnings with slight profit decline but record EPS.
Jan 02	Dividend increase	Positive	+0.2%	Increased common dividend again and declared preferred dividend, highlighting dividend track record.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent earnings and dividend announcements have been followed by consistently modest positive price reactions.

Key Terms

rule 10b-18

1 terms

rule 10b-18 regulatory

"including Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”)"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LITTLE ROCK, Ark., June 29, 2026 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that its Board of Directors has approved a stock repurchase program (the “Stock Repurchase Program”) authorizing the purchase of up to $200 million of outstanding common stock. The Stock Repurchase Program has received all necessary regulatory approvals and will become effective July 1, 2026, upon the expiration of the Bank’s current stock repurchase program, and will remain in effect through July 1, 2027, unless extended or shortened by the Board of Directors.

Under the Stock Repurchase Program, the Bank may repurchase shares of its common stock from time to time at prevailing market prices, through open market or privately negotiated transactions, or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”). In establishing parameters for repurchase price and share volume, management will consider a variety of factors including stock price, expected growth, capital position, alternative uses of capital, liquidity, financial performance, the current and expected macroeconomic environment, regulatory requirements and other factors. The Stock Repurchase Program does not obligate the Bank to repurchase any particular amount of common stock, and the program may be suspended, modified or discontinued at any time.

Under the previously approved stock repurchase program that expires on July 1, 2026, the Bank has repurchased 3.89 million shares of common stock for $176.6 million (including applicable federal excise tax) for an average price per share of $45.34.

GENERAL INFORMATION
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in more than 265 offices in nine states including Arkansas, Georgia, Florida, Texas, North Carolina, Tennessee, New York, California and Mississippi and had $41.7 billion in total assets as of March 31, 2026. For more information, visit ozk.com.

Investor Relations Contact:	Jay Staley (501) 906-7842
Media Contact:	Michelle Rossow (501) 906-3922

FAQ

What did Bank OZK (Nasdaq: OZK) announce about its 2026 stock repurchase program?

Bank OZK announced Board approval of a new stock repurchase program authorizing up to $200 million of common stock. According to Bank OZK, the plan has all required regulatory approvals and allows open market or private repurchases under Rule 10b-18.

When does Bank OZK's new $200 million stock buyback program start and end?

The new Bank OZK stock repurchase program starts on July 1, 2026, and runs through July 1, 2027. According to Bank OZK, it begins immediately after the current program expires and can be extended or shortened by the Board.

How many shares has Bank OZK repurchased under its current buyback program?

Bank OZK has repurchased 3.89 million shares of common stock under its current program. According to Bank OZK, these repurchases totaled $176.6 million, including federal excise tax, at an average price of $45.34 per share.

How will Bank OZK execute stock repurchases under the new OZK buyback plan?

Bank OZK may repurchase shares at prevailing market prices via open market or privately negotiated transactions. According to Bank OZK, buybacks will follow applicable federal securities laws, including Rule 10b-18 of the Exchange Act, and consider factors like capital position and growth.

Does Bank OZK have to repurchase the full $200 million of OZK stock?

Bank OZK is not required to repurchase any minimum amount of stock under the new program. According to Bank OZK, the authorization is discretionary and the plan may be suspended, modified or discontinued at any time.

What factors will Bank OZK consider when deciding OZK share repurchases?

Bank OZK will weigh stock price, expected growth, capital position and alternative uses of capital when repurchasing shares. According to Bank OZK, management will also consider liquidity, financial performance, macroeconomic conditions, regulatory requirements and other relevant factors.