Bank OZK (NASDAQ:OZK) is reporting third quarter financial results on Thursday 22nd October 2020, after market close.
According to analysts surveyed by Thomson Reuters, OZK is expected to report 3Q20 income of $ 0.58 per share from revenue of $ 244.30 million.
For the full year, analysts anticipate top line of $ 967.35 million, while looking forward to income of $ 1.67 per share bottom line.
Previous Quarter Performance
Bank OZK announced income for the second quarter of $ 0.39 per share, from the revenue of $ 238.18 million. The quarterly earnings contracted 54.65 percent compared with the same quarter last year. Street analysts expected Bank OZK to report income of $ 0.33 per share on revenue of $ 233.42 million for the second quarter. The bottom line results beat street analysts by $ 0.06 or 18.18 percent, at the same time, top line results outshined analysts by $ 4.76 million or 2.04 percent.
Stock Performance
Shares of Bank OZK traded up $ 0.77 or 3.47 percent on Wednesday, reaching $ 22.95 with volume of 835.30 thousand shares. Bank OZK has traded high as $ 23.04 and has cracked $ 22.05 on the downward trend
The closing price of $ 22.95, representing a 56.20 % increase from the 52 week low of $ 14.20 and a 30.16 % decrease over the 52 week high of $ 31.76.
The company has a market capital of $ 2.97 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Bank OZK will be hosting a conference call at 11:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ozk.com
Bank OZK provides retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. The company accepts non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits. Its loan products include loans secured by residential 1-4 family, non-farm/non-residential, agricultural, construction/land development, multifamily residential properties, and other land loans; small business and consumer loans; indirect consumer marine and RV loans; small business administration, farm service agency, and USDA guaranteed loans; commercial and industrial loans; and loans to businesses or individuals engages in the production of timber, poultry, livestock, or crops.
