Bank OZK Q3 net income falls 9%
OZK•Bank OZK reported third-quarter net income of $164.3 million, down 9% year over year, and EPS of $1.50, down 5.7%. Net income and EPS edged up from the prior quarter, while the company reported record assets, loans and deposits.
1. Quarterly results
Bank OZK reported third-quarter net income of $164.3 million and EPS of $1.50. Net income fell 9% year over year and EPS declined 5.7%, though both rose slightly from the previous quarter.
2. Operating figures
The company reported a quarterly net interest margin of 4.24% and an efficiency ratio of 39.9%. It said total assets, loans and deposits reached record levels, and provided no specific guidance for the current quarter or full year.
