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Bank OZK (OZK)
NASDAQ:OZK
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Earnings Data
Report Date
Jan 16, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.44Last Year’s EPS
1.5Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 17, 2019
|% Change Since: -9.41%
|Next Earnings Date:Oct 18, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a cautiously optimistic outlook for Bank OZK, with strategic growth plans, improved asset quality, and expansion initiatives. However, challenges remain with NIM pressures, specific charge-offs, and sector concentration risks.Company Guidance
During the Bank OZK Q3 2024 earnings call, management provided guidance indicating a potential inflection point for the net interest margin (NIM) in the latter half of 2025. Key metrics discussed included $5.9 billion in time deposits repricing in the current quarter at a weighted average rate of 5.19%, and $6.2 billion in Q1 2025 at 5.10%. The current CD specials were noted to be lower, with a 7-month CD at 4.60% and a 13-month CD at 4.25%, suggesting potential for reduced deposit costs. Management also highlighted that the bank's securities portfolio would have significant cash flow available for repricing at higher yields, contributing to the anticipated NIM improvement. The call emphasized that the pace of Federal Reserve rate changes would significantly impact these projections, with faster rate declines potentially accelerating the NIM improvement by reaching loan floors sooner. The bank's guidance assumed a 25 basis point rate decrease over the next six Fed meetings.Loan Growth and Diversification
Bank OZK expects mid- to high single-digit loan growth in 2025, driven by the Corporate and Institutional Banking (CIB) group and other business units. The RESG segment is projected to stabilize, while CIB is growing rapidly with significant headcount increases.
Asset Quality Improvement
Positive developments in asset quality, including additional sponsor support and successful sales contracts for previously concerning loans, indicate strong asset management and sponsor integrity.
Branch Network Expansion
Bank OZK plans to expand its branch network by approximately 10% by the end of 2025, focusing on existing states like Texas, which is expected to support future deposit growth.
New Business Initiatives
Launch of new business lines like mortgage lending and capital market services, including loan syndications and interest rate hedging, expected to contribute to future fee income growth.
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OZK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OZK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $46.76 | $44.67 | -4.47% |
| Jul 17, 2024 | $46.47 | $44.61 | -4.00% |
| Apr 17, 2024 | $41.04 | $42.98 | +4.73% |
| Jan 18, 2024 | $44.56 | $46.53 | +4.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bank OZK (OZK) report earnings?
Bank OZK (OZK) is schdueled to report earning on Jan 16, 2025, TBA Not Confirmed.
What is Bank OZK (OZK) earnings time?
Bank OZK (OZK) earnings time is at Jan 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OZK EPS forecast?
OZK EPS forecast for the fiscal quarter 2024 (Q4) is 1.44.
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