Bank OZK Approves $200M Stock Repurchase Program Through July 2027
OZK•Bank OZK’s Board authorized a $200 million share repurchase program effective July 1, 2026 through July 1, 2027 with regulatory approval already secured. Under the expiring plan, the bank bought 3.89 million shares for $176.6 million at an average $45.34 per share.
1. Board Approval and Program Duration
The Board of Directors approved a new stock repurchase program authorizing up to $200 million in share buybacks, effective July 1, 2026, through July 1, 2027, following receipt of all required regulatory approvals.
2. Previous Repurchase Execution
Under the program set to expire on July 1, 2026, Bank OZK repurchased 3.89 million common shares for $176.6 million, paying an average of $45.34 per share.
3. Repurchase Parameters and Strategic Rationale
Management will execute repurchases at prevailing market prices via open-market or negotiated transactions, considering factors such as capital position, expected growth, liquidity, regulatory requirements and the broader economic environment.
4. Bank OZK Profile
Bank OZK operates 265 branches across nine states with $41.7 billion in total assets as of March 31, 2026, and focuses on regional banking solutions.
