Bank OZK Q3 earnings beat, but net interest income misses the mark [Seeking Alpha]
Bank OZK (OZK)
Last bank ozk earnings: 4/23 04:01 pm
Check Earnings Report
Company Research
Source: Seeking Alpha
short of the average analyst estimate as the Federal Reserve embarks on a rate-cutting cycle. Still, Q3 EPS rose, hitting a record level, for an eighth straight quarter and net interest income climbed to a record for the ninth consecutive quarter. "This consistent achievement of record results has allowed us to consistently increase dividends, significantly grow capital and opportunistically repurchase shares, all while significantly increasing our allowance for credit losses," said Chairman and CEO George Gleason. Q3 GAAP EPS of $1.55, beating the consensus estimate by a penny, rose from $1.52 in Q2 and $1.49 in last year's Q3. Its provision for credit losses decreased to $46.4M from $49.0M in the previous quarter and increased from $44.0M a year ago. Net interest income of $389.4M, missing the Visible Alpha consensus of $392.1M, grew from $388.0M in Q2 and $367.3M in last year's Q3. Net interest margin ("FTE") of 4.65% declined from 4.68% in the previous quarter and 5.05%
Show less
Read more
Impact Snapshot
Event Time:
OZK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OZK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OZK alerts
High impacting Bank OZK news events
Weekly update
A roundup of the hottest topics
OZK
News
- Bank OZK (OZK) Reports Q3 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Bank OZK (OZK) Q3 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- Bank OZK Third Quarter and First Nine Months of 2024 Management Comments [Yahoo! Finance]Yahoo! Finance
- Bank OZK Announces Record Third Quarter 2024 EarningsGlobeNewswire
- Bank OZK Third Quarter and First Nine Months of 2024 Management CommentsGlobeNewswire
OZK
Earnings
- 10/17/24 - Beat
OZK
Sec Filings
- 7/29/24 - Form 13F-HR
- OZK's page on the SEC website