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 prominent regional banking institution headquartered in Little Rock, Arkansas, with a history dating back to 1903. The bank offers a comprehensive suite of financial services and solutions across more than 240 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California, and Mississippi. With a strong focus on customer service, prudent lending practices, and sound management, Bank OZK has built a reputation for reliability and growth.
The bank’s service offerings encompass a wide range of deposit services such as checking, savings, money market accounts, time deposits, and individual retirement accounts. In addition, Bank OZK provides loan services including real estate, consumer, commercial, and industrial loans. The institution also offers advanced financial services such as treasury management, trust and wealth management, and financial planning.
One of the key differentiators of Bank OZK is its commitment to personalized customer service. The bank’s local decision-making empowers its bankers to understand and meet the specific needs of their clients effectively, fostering long-term relationships. This customer-centric approach has allowed Bank OZK to expand its footprint and continuously grow its deposit base and loan portfolio.
Financially, Bank OZK has demonstrated robust performance. For the third quarter of 2023, the bank reported a record net income available to common stockholders of $169.7 million, marking a 32.3% increase from the same quarter in the previous year. Diluted earnings per common share for the same period were a record $1.49, showcasing a 38.0% increase year-over-year. These results underscore the bank's strategic positioning and effective management amidst a dynamic economic environment.
The bank’s financial health is further highlighted by its solid asset quality and growth metrics. As of September 30, 2023, total loans stood at $25.33 billion, a 29.8% increase from the previous year, while deposits reached $25.55 billion, reflecting a 25.2% increase. Total assets amounted to $32.77 billion, demonstrating a 24.9% increase from the prior year. These figures highlight the bank’s capacity to grow its financial footprint while maintaining a strong balance sheet.
Bank OZK's management team, led by Chairman and CEO George Gleason, continues to emphasize strategic growth and innovation. The bank’s recent achievements include handling rising interest rates and market volatility effectively, which has translated into record performance metrics. Looking forward, Bank OZK aims to capitalize on new opportunities while maintaining its commitment to excellence and customer satisfaction.
For the latest updates and further information on Bank OZK's performance, events, and developments, visit their investor relations website.
Bank OZK (Nasdaq: OZK) announced its 56th consecutive quarterly increase in its common stock dividend. The new dividend is $0.40 per share, up 2.56% from the previous quarter, payable on July 19, 2024, to shareholders of record on July 12, 2024. The Board also declared a $0.28906 per share dividend on its 4.625% Series A Non-Cumulative Perpetual Preferred Stock (Nasdaq: OZKAP) for the period May 15, 2024, to August 15, 2024, payable on August 15, 2024, to holders of record on August 1, 2024.
Bank OZK is part of the S&P High Yield Dividend Aristocrats® index since January 2018, recognizing its 20-year streak of increasing dividends. As of March 31, 2024, the bank operates 240 offices across eight states and holds $36.03 billion in assets.
Bank OZK (Nasdaq: OZK) announced that it will report its second quarter 2024 earnings on Wednesday, July 17, 2024, after the market closes. Management's comments will be released simultaneously and made available on the Bank's investor relations website. A conference call to discuss the earnings and address questions will be held the next day, Thursday, July 18, 2024, at 10:00 a.m. CT (11:00 a.m. ET). Interested parties can access the live webcast or participate via telephone by registering online. A replay of the conference call will be available on the Bank's website for at least 30 days.
As of March 31, 2024, Bank OZK operates approximately 240 offices across eight states with total assets of $36.03 billion.
FAQ
What is the current stock price of Bank OZK (OZK)?
What is the market cap of Bank OZK (OZK)?
What services does Bank OZK offer?
Where is Bank OZK headquartered?
In which states does Bank OZK operate?
How has Bank OZK performed financially recently?
What differentiates Bank OZK from other banks?
What are the total assets of Bank OZK as of the latest reporting period?
Who is the current CEO of Bank OZK?
How many offices does Bank OZK have?
What is Bank OZK's approach to lending?
Where can I find more information about Bank OZK's financial performance?
