Bank OZK posts a gain in quarterly revenue, net income beats estimate

Little Rock-based Bank OZK on Wednesday (April 16) reported first quarter 2025 net income of $167.9 million, down 2.1% compared with the same period in 2024. Earnings per share for the multi-state bank was $1.47 and beat the consensus estimate of $1.40.

Revenue in the quarter totaled $409.234 million, better than the $406.018 million in the same quarter of 2024, and better than the consensus estimate of $402.81 million.

“We are pleased to report our first quarter 2025 results, which provide a solid start to the year,” bank chairman and CEO George Gleason noted in the earnings report posted after the markets closed. “Our talented, entrepreneurial and veteran management team is well suited for today’s very noisy and complicated economic environment. During the quarter just ended, our team has proactively and effectively managed the various challenges, uncertainties and volatilities of this environment while capitalizing on numerous promising opportunities. We are excited about the future and continue to be laser-focused on improving our performance every day.”

The first quarter numbers follow gains in 2024 in which the bank reported full-year net income of $700.269 million, a record for the bank and up 3.8% compared with 2023 net income. Per share earnings in 2024 was $6.14, which beat the consensus estimate of $6.03. The bank also reported full year revenue of $1.658 billion, better than the $1.562 billion in 2023, but just below the consensus estimate of $1.66 billion.

Following are other financial items from the first quarter 2025 report.
• Total assets as of March 31 reached $39.165 billion, up from the $36.029 billion at the same period in 2024.

• Total loans as of March 31 were $31.107 billion, up from the $28.031 billion at the same period in 2024.

• Total deposits as of March 31 were $31.925 billion, up from the $29.406 billion at the same period in 2024.

• The quarterly return on assets as of March 31 was 1.77%, down from 1.96% at the same period in 2024.

Established in 1903, Bank OZK has banking operations and more than 240 offices in Arkansas, California, Florida, Georgia, Mississippi, New York, North Carolina, Tennessee, and Texas.

Bank OZK shares (NASDAQ: OZK) closed Wednesday at $39.34, up 10 cents. The share price has in the past 52 weeks ranged between $53.64 and $35.71.