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Bank OZK Earnings: What To Look For From OZK

OZK Cover Image

Regional banking company Bank OZK (NASDAQ: OZK) will be announcing earnings results this Thursday afternoon. Here’s what to expect.

Bank OZK missed analysts’ revenue expectations by 7.9% last quarter, reporting revenues of $370.8 million, up 2.1% year on year. It was a slower quarter for the company, with tangible book value per share in line with analysts’ estimates and EPS in line with analysts’ estimates.

Is Bank OZK a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Bank OZK’s revenue to grow 15.1% year on year to $423.3 million, improving from the 7.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.53 per share.

Bank OZK Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Bank OZK’s peers in the banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fulton Financial’s revenues decreased 3.2% year on year, beating analysts’ expectations by 1.9%, and FB Financial reported a revenue decline of 40.1%, falling short of estimates by 43.5%. FB Financial traded down 4.4% following the results.

Read our full analysis of Fulton Financial’s results here and FB Financial’s results here.

There has been positive sentiment among investors in the banks segment, with share prices up 8.3% on average over the last month. Bank OZK is up 13.2% during the same time and is heading into earnings with an average analyst price target of $53.78 (compared to the current share price of $50.80).

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