Bank OZK's Q3 Earnings Beat on Higher NII, Provisions Increase Y/Y [Yahoo! Finance]
Bank OZK (OZK)
Last bank ozk earnings: 4/23 04:01 pm
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Source: Yahoo! Finance
The bottom line reflects a rise of 4% from the prior-year quarter's actual. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results benefited from a rise in non-interest income and net interest income (NII), driven by higher rates and improvement in loans and deposit balances. However, increases in expenses and provision for credit losses and rising funding costs were the undermining factors. Net income available to common shareholders was $177.1 million, up 4.4% from the year-ago quarter's level. Our estimate for the metric was $164.5 million. OZK's Revenues Improve, Expenses Rise Net revenues were $423 million, up 7.6% year over year. The top line beat the Zacks Consensus Estimate of $419.1 million. NII was $389.3 million, up 6% year over year. Our estimate for the metric was $387.3 million. The net interest margin (NIM), on a fully-taxable-equivalent basis, contracted 50 basis points (bps) year over year to 4.55%. Our estimate for NIM was 4.6
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OZK
News
- https://seekingalpha.com/article/4756896-bank-ozk-preferred-stock-attractive-robust-loan-book [Seeking Alpha]Seeking Alpha
- https://seekingalpha.com/article/4753745-loss-provisions-us-banks-come-below-estimates-credit-stays-healthy [Seeking Alpha]Seeking Alpha
- Bank OZK (NASDAQ: OZK) had its price target raised by analysts at Stephens from $53.00 to $57.00. They now have an "equal weight" rating on the stock.MarketBeat
- Bank OZK (NASDAQ: OZK) was upgraded by analysts at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating. They now have a $48.00 price target on the stock, up previously from $40.00.MarketBeat
- Bank OZK EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
OZK
Earnings
- 10/17/24 - Beat
OZK
Sec Filings
- 2/5/25 - Form 13F-HR
- OZK's page on the SEC website