Bank OZK Announces First Quarter 2020 Earnings
Bank OZK (OZK)
Last bank ozk earnings: 4/23 04:01 pm
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Source: GlobeNewswire
LITTLE ROCK, Ark., April 23, 2020 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that net income for the first quarter of 2020 was $11.9 million, an 89.3% decrease from $110.7 million for the first quarter of 2019. Diluted earnings per common share for the first quarter of 2020 were $0.09, an 89.5% decrease from $0.86 for the first quarter of 2019. The COVID-19 pandemic significantly impacted the global economy in what was the first quarter of implementation of the current expected credit losses (“CECL”) method to calculate the Bank’s allowance for credit losses (“ACL”). During the quarter just ended, the sudden and severe economic downturn in tandem with the adoption of CECL resulted in the Bank incurring provision for credit losses of $117.7 million, resulting in a total ACL of $316.4 million at March 31, 2020. The Bank’s annualized returns on average assets, average common stockholders’ equity and average tangible common stockholders’ equity for t
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OZK
News
- Bank OZK (NASDAQ: OZK) is now covered by analysts at UBS Group AG. They set a "neutral" rating on the stock.MarketBeat
- Bank OZK (NASDAQ: OZK) had its price target raised by analysts at Wells Fargo & Company from $35.00 to $40.00. They now have an "underweight" rating on the stock.MarketBeat
- Do Options Traders Know Something About Bank OZK (OZK) Stock We Don't? [Yahoo! Finance]Yahoo! Finance
- Why Bank OZK (OZK) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- The Schall Law Firm Urges Investor Participation In An Inquiry Into Bank OZK For Securities Law Violations Accesswire
OZK
Earnings
- 10/17/24 - Beat
OZK
Sec Filings
- 11/14/24 - Form 13F-HR
- 10/28/24 - Form SC
- OZK's page on the SEC website