Bank Ozk Little - OZKAP STOCK NEWS

Bank OZK (Nasdaq: OZK) reported record financial results for Q4 and full year 2024. The bank achieved net income of $178.1 million in Q4 2024, up 4.1% year-over-year, marking its ninth consecutive quarterly record. Full-year 2024 net income reached $700.3 million, a 3.8% increase from 2023.

Q4 2024 diluted earnings per share were $1.56, up 4.0% from Q4 2023, while full-year EPS reached $6.14, increasing 4.6% year-over-year. The bank's loan portfolio grew to $29.97 billion, while deposits increased to $31.04 billion, both showing 13.3% growth from 2023. Total assets rose 11.7% to $38.26 billion.

Asset quality metrics showed some pressure, with the nonperforming loans ratio increasing to 0.44% from 0.23% year-over-year, while maintaining strong capital ratios with total common stockholders' equity to total assets at 14.03%.

Bank OZK has announced its 58th consecutive quarterly dividend increase, raising the common stock dividend by 2.44% to $0.42 per share, payable on January 21, 2025, to shareholders of record as of January 14, 2025. Additionally, the bank declared a quarterly dividend of $0.28906 per share on its 4.625% Series A Non-Cumulative Perpetual Preferred Stock, payable on February 18, 2025.

The bank's consistent dividend growth has earned it a place in the S&P High Yield Dividend Aristocrats® index since January 2018. As of September 30, 2024, Bank OZK operates approximately 240 offices across nine states with total assets of $37.44 billion.

Bank OZK (Nasdaq: OZK) has announced it will release its fourth quarter and full year 2024 earnings after market close on Thursday, January 16, 2025. The bank will host a conference call to discuss results on Friday, January 17, 2025, at 10:00 a.m. CT. Management's comments will be released simultaneously with the earnings report and will be available on the bank's investor relations website.

As of September 30, 2024, Bank OZK operates approximately 240 offices across nine states including Arkansas, Georgia, Florida, North Carolina, Texas, Tennessee, New York, California and Mississippi, with total assets of $37.44 billion.

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.