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.
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Bank OZK announces a 2.63% increase in its quarterly cash dividend on common stock, marking fifty-five consecutive quarters of dividend growth. The Bank also declared a dividend on its Series A Preferred Stock. Bank OZK has been included in the S&P High Yield Dividend Aristocrats index since January 2018.
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Bank OZK (Nasdaq: OZK) will release its first quarter 2024 earnings on April 17, 2024, followed by a conference call on April 18, 2024. The bank, established in 1903, operates in eight states with $34.24 billion in total assets as of December 31, 2023.
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Bank OZK reported record net income available to common stockholders for the fourth quarter of 2023, a 7.7% increase from the previous year. The full year 2023 also saw a substantial increase of 23.2% in net income. The Bank's total loans, deposits, and assets all experienced significant growth, indicating a strong financial performance. However, the Bank's ratios of nonperforming assets to total assets increased, which may be a cause for concern.
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Bank OZK (Nasdaq: OZK) has released its fourth quarter and full year 2023 management comments, showcasing its $34.24 billion in total assets as of December 31, 2023. The regional bank operates in eight states and provides innovative financial solutions. For more information, visit www.ozk.com.
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Bank OZK (Nasdaq: OZK) announced a quarterly cash dividend on its common stock of $0.38 per share, up 2.70% from the prior quarter. The company has increased its quarterly cash dividend for 54 consecutive quarters and is included in the S&P High Yield Dividend Aristocrats® index since January 2018. Bank OZK is a regional bank with over 240 offices in eight states and $32.77 billion in total assets as of September 30, 2023.
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Bank OZK (Nasdaq: OZK) will report its fourth quarter and full year 2023 earnings on January 18, 2024. The management will release comments simultaneously with the earnings press release and conduct a conference call on January 19, 2024. Bank OZK is a regional bank with over 240 offices in eight states and had $32.77 billion in total assets as of September 30, 2023.
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Bank OZK (Nasdaq: OZK) Welcomes Randy Bond as Regional Director for Trust and Wealth Group in Arkansas and Texas Markets. Bond to Lead Experienced Team, Focus on Business Development and Client Service.
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Bank OZK reports record net income and earnings per share for Q3 2023.
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Bank OZK releases management comments for Q3 and first nine months of 2023
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Bank OZK announces 53rd consecutive quarter of increased cash dividend on common stock, up 2.78% to $0.37 per share. Also declares dividend on preferred stock. Included in S&P High Yield Dividend Aristocrats® index since January 2018.
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FAQ
What is the current stock price of Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock (OZKAP)?
The current stock price of Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock (OZKAP) is $17.13 as of November 22, 2024.
Where does Bank OZK operate?
Bank OZK operates in eight states, including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California, and Mississippi.
What services does Bank OZK provide?
Bank OZK provides deposit services (checking, savings, money market, time deposit, IRAs) and loan services (real estate, consumer, commercial, industrial). They also offer treasury management, trust, wealth management, financial planning, and online banking services.
How has Bank OZK's financial performance been?
Bank OZK 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.
What is the latest news about Bank OZK's net income and earnings per share?
For the full year of 2023, net income available to common stockholders was $674.6 million, a 23.2% increase from $547.5 million for the full year of 2022. Diluted earnings per common share for the full year of 2023 were $5.87, a 29.3% increase from $4.54 for the full year of 2022.
How does Bank OZK focus on customer service?
Bank OZK focuses on providing quality customer service by offering a personal touch in banking, empowering local decision-making, and listening to customers' needs to provide the right banking solutions.
What are the key balance sheet metrics for Bank OZK?
As of December 31, 2023, total loans were $26.46 billion, deposits were $27.41 billion, total assets were $34.24 billion, common stockholders' equity was $4.80 billion, and tangible common stockholders' equity was $4.14 billion.
What is Bank OZK's approach to growth and expansion?
Bank OZK focuses on strategic growth, expansion, and acquisition strategies while maintaining capital strength, attracting deposits, and growing loans. They aim to improve net income and earnings per share each year.
How can investors stay updated on Bank OZK's financial reports and news?
Investors can access Bank OZK's annual, quarterly, and current reports, proxy materials, and other information on the FDIC's website or the bank's investor relations website. Automated email alerts are available for timely updates.
What are Bank OZK's non-GAAP financial measures?
Bank OZK uses non-GAAP financial measures like return on average common stockholders' equity, return on average tangible common stockholders' equity, tangible book value per common share, and others to assess its capital strength and earnings trends. These measures provide additional insights into the bank's financial results and capital levels.
What are the forward-looking statements from Bank OZK?
Bank OZK includes forward-looking statements in its communications regarding plans, expectations, and outlook for the future. These statements are subject to known and unknown risks and uncertainties, and actual results may vary due to various factors like economic conditions, regulatory changes, competitive factors, and others.
Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock