Bank OZK (OZK) Gains on Q1 Earnings Beat, Y/Y Revenue Growth [Yahoo! Finance]
Bank OZK (OZK)
Last bank ozk earnings: 4/23 04:01 pm
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Source: Yahoo! Finance
Earnings per share of $1.51 surpassed the Zacks Consensus Estimate of $1.44. The bottom line reflects a rise of 7.1% from the prior-year quarter. Results were positively impacted by an increase in net interest income (NII), driven by higher rates and improvement in loan balances. A rise in non-interest income was another positive. However, rising expenses and an increase in provision for credit losses were the undermining factors. Net income available to common shareholders was $171.5 million, up 3.4% from the year-ago quarter. Our estimate for the metric was $158.7 million. Revenues Improve, Expenses Rise Net revenues were $406 million, up 9% year over year. The top line handily beat the Zacks Consensus Estimate of $392.3 million. NII was $376.9 million, up 9.3% year over year. Our estimate for the metric was $363.9 million. The net interest margin (NIM), on a fully-taxable-equivalent basis, contracted 83 basis points (bps) year over year to 4.71%. Our estimate for NIM wa
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OZK
News
- Why Bank OZK (OZK) is a Top Dividend Stock for Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Bank OZK: Strong Q1 Results Point To Further Upside [Seeking Alpha]Seeking Alpha
- Bank OZK (NASDAQ: OZK) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $48.00 price target on the stock.MarketBeat
- Oak Row Equities Officially Breaks Ground on 2600 Biscayne Boulevard in Miami's Desirable Edgewater Submarket [Yahoo! Finance]Yahoo! Finance
- Bank OZK (NASDAQ: OZK) had its price target raised by analysts at Keefe, Bruyette & Woods from $45.00 to $47.00. They now have a "market perform" rating on the stock.MarketBeat
OZK
Earnings
- 4/17/24 - Beat
OZK
Sec Filings
- 2/13/24 - Form SC
- 2/9/24 - Form SC
- 2/9/24 - Form SC
- OZK's page on the SEC website