Welcome to our dedicated page for Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock news (Ticker: OZKAP), a resource for investors and traders seeking the latest updates and insights on Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock stock.
Bank OZK (Nasdaq: OZK) is a regional bank that offers a wide range of financial services through its community bank, Bank of the Ozarks. Established in 1903, the bank has grown to operate in eight states, including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California, and Mississippi. They provide various banking services, such as deposit services (checking, savings, money market, time deposit, IRAs) and loan services (real estate, consumer, commercial, industrial). In addition to traditional banking products, they also offer treasury management, trust, wealth management, financial planning, and online banking services.
The bank has shown consistent growth in loans, deposits, and earnings, with net income and earnings per share increasing year over year. Their asset quality remains strong, and they continue to focus on capital strength and quality service to customers.
Bank OZK (Nasdaq: OZK) reported record third quarter 2024 earnings, with net income available to common stockholders reaching $177.1 million, a 4.4% increase from the same period in 2023. Diluted earnings per common share for Q3 2024 were $1.55, up 4.0% year-over-year. The bank's pre-tax pre-provision net revenue (PPNR) hit a record $282.6 million, a 7.0% increase from Q3 2023.
Key financial highlights include:
- Loans increased 15.3% to $29.22 billion
- Deposits grew 19.6% to $30.57 billion
- Total assets rose 14.3% to $37.44 billion
- Common stockholders' equity increased 15.1% to $5.25 billion
The bank's asset quality remained strong, with a nonperforming loans to total loans ratio of 0.60% as of September 30, 2024.
Bank OZK (Nasdaq: OZK) has released its third quarter and first nine months 2024 management comments on its investor relations website. The bank, established in 1903, operates approximately 240 offices across nine states in the United States, including Arkansas, Georgia, Florida, North Carolina, Tennessee, Texas, New York, California, and Mississippi. As of September 30, 2024, Bank OZK reported total assets of $37.44 billion.
The bank files regular reports with the Federal Deposit Insurance (FDIC), which are available electronically on the FDIC's website and Bank OZK's investor relations page. Interested parties can sign up for automated email alerts for these materials on the bank's website.
Bank OZK has announced an increase in its quarterly cash dividend on common stock to $0.41 per share, up 2.5% from the previous quarter. This marks the 57th consecutive quarter of dividend increases. The dividend is payable on October 18, 2024 to shareholders of record as of October 11, 2024. Additionally, the bank declared a quarterly cash dividend of $0.28906 per share on its 4.625% Series A Non-Cumulative Perpetual Preferred Stock, payable on November 15, 2024.
Bank OZK's consistent dividend growth has led to its inclusion in the S&P High Yield Dividend Aristocrats® index since January 2018. As of June 30, 2024, the bank had $36.84 billion in total assets and operates approximately 240 offices across nine states.
Bank OZK (Nasdaq: OZK) has announced its schedule for the third quarter 2024 earnings release and conference call. The bank expects to report its Q3 2024 earnings after market close on Thursday, October 17, 2024. Management's comments will be released simultaneously with the earnings press release and will be available on the bank's investor relations website.
A conference call to address questions will be held at 10:00 a.m. CT (11:00 a.m. ET) on Friday, October 18, 2024. Interested parties can access the call via webcast on the bank's investor relations website or participate by telephone after registering online. A replay of the webcast will be archived on the bank's website for at least 30 days.
Bank OZK, established in 1903, is a regional bank operating in approximately 240 offices across nine states. As of June 30, 2024, the bank had total assets of $36.84 billion.
Bank OZK (Nasdaq: OZK) has released its second quarter and first six months 2024 management comments, now available on the Bank's investor relations website. As of June 30, 2024, Bank OZK reported total assets of $36.84 billion. The regional bank operates in approximately 240 offices across nine states, including Arkansas, Georgia, Florida, North Carolina, Tennessee, Texas, New York, California, and Mississippi.
Bank OZK, established in 1903, focuses on providing innovative financial solutions delivered by expert bankers. The Bank files regular reports with the Federal Deposit Insurance (FDIC), which are accessible on the FDIC's website and the Bank's investor relations page. Investors can sign up for automated email alerts for these materials on the Bank's website.
Bank OZK (Nasdaq: OZK) reported record second quarter 2024 earnings with net income available to common stockholders reaching $173.5 million, a 3.3% increase from Q2 2023. Diluted earnings per share rose 3.4% to $1.52. The bank's pre-tax pre-provision net revenue (PPNR) increased by 7.7% to $279.3 million. Total loans grew 21.5% to $28.67 billion, while deposits increased 24.9% to $29.94 billion. The bank's asset quality remained strong, with a nonperforming non-purchased loans to total loans ratio of 0.28%. Additionally, Bank OZK announced a $200 million stock repurchase program through July 1, 2025.
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.
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