Bank OZK (OZK) Stock

Bank OZK's shares increased by 10% following impressive quarterly results, thanks to strong asset growth and stable credit quality, even with high exposure to commercial real estate. The bank's deposits are growing well, with 78% being insured or backed by collateral, and funding costs are likely to decrease, which will help improve net interest margins. Additionally, outstanding loan growth and careful lending practices have supported credit quality, with substantial reserves and low rates of nonperforming loans.

Bank OZK (NASDAQ:OZK) will hold its Q4 2024 Earnings Conference Call on January 17, 2025, at 11:00 AM ET. The call will feature key company figures, including Jay Staley, George Gleason, and Tim Hicks, along with various analysts from different financial institutions. The operator will begin the call by welcoming participants and providing an introduction.

OZK's earnings for the fourth quarter of 2024 exceeded expectations due to increased net interest income and reduced provisions and expenses. However, they are facing challenges with decreased non-interest income and high funding costs.

The financial results for Bank OZK (OZK) provide an overview of its performance for the quarter ending in December 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

Bank OZK (OZK) reported quarterly earnings of $1.56 per share, which is higher than the Zacks Consensus Estimate of $1.45 per share. This is an increase compared to earnings of $1.50 per share from the same period last year.

OZK has declared a 2.4% rise in its quarterly dividend, bringing it to 42 cents per share. A strong liquidity and capital situation will support these capital distributions.

LITTLE ROCK, Ark., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) plans to announce its earnings for the fourth quarter and the entire year of 2024 after the market closes on Thursday, January 16, 2025. The management will share their insights on these earnings at the same time as the press release, which can be found on the Bank's investor relations website.

Bank OZK has faced a challenging year, significantly lagging behind other regional banks. However, its earnings are still strong, and it maintains a leading level of profitability compared to its peers. Analysts predict that earnings will stay the same in the short term, but the low single-digit P/E ratio of the stock means this isn't a major concern.

Bank OZK's preferred stock provides a 6.8% yield and is backed by a strong business model and excellent management, making it a safe investment. Although it recently dropped by 12% due to worries about inflation, it has still gained 29% over the past 1.5 years, demonstrating its strength. The Federal Reserve plans to lower interest rates from 4.75%-5.0% to 2.75%-3.0% by 2026, which will benefit Bank OZK's preferred stock.