Bank OZK net income dips in the first quarter, revenue rises

A more than 6% decline in non-interest income and a slight increase in the provision for credit losses were factors in a more than 5% decline in first quarter net income at Little Rock-based Bank OZK. The company beat the consensus estimate on per share net income.

The bank on Tuesday (April 21) reported first quarter net income of $159.317 million, down 5.1% compared with $167.912 million in the same quarter of 2025. Per share earnings reached $1.44, better than the consensus estimate of $1.43.

Revenue in the quarter was $418.099 million, up 2.2% compared with $409.234 million in the same quarter of 2025. The revenue was below the consensus estimate of $422.5 million.

George Gleason, bank chairman and CEO, said the first quarter results reflect a “solid start to the year.”

“Once again, our veteran team demonstrated our ability to effectively manage through a challenging macroeconomic and geopolitical environment and capitalize on opportunities,” Gleason noted in the report. “We believe we are well-positioned to continue to successfully execute on our strategic initiatives.”

Non-interest income in the quarter was $32.531 million, down 6.3% compared with $34.724 million in the same quarter of 2025. The provision for credit losses in the quarter was $41.948 million, more than the $38.417 million in the 2025 quarter. Interest income was up 3% in the quarter.

“We believe that our net interest income in the quarter just ended provides a good start to achieving our previously stated goal for 2026 of improving on the record $1.59 billion annual net interest income achieved in 2025,” the company noted. “Achieving this year-over-year improvement will require sufficient growth in average earning assets to offset the expected reduction in our net interest margin.”

Following are other financial items from the quarterly report.
• Total assets as of March 31 reached $41.663 billion, up from $39.166 billion at the same period in 2025.
• Total loans as of March 31 were $32.975 billion, up from $31.107 billion at the same period in 2025.
• Total deposits as of March 31 were $33.764 billion, up from $31.925 billion at the same period in 2025.
• The return on assets (ROA) as of March 31 was 1.58%, down from 1.72% at the same period in 2024.

The bank reported full-year 2025 net income of $699.293 million, just below the $700.269 million in 2024. Revenue for the year was $1.727 billion, better than the $1.658 billion in 2024.

Established in 1903 with a charter based in Jasper, Ark., Bank OZK has operations and 265 offices in Arkansas, California, Florida, Georgia, Mississippi, New York, North Carolina, Tennessee, and Texas.

Bank OZK shares (NASDAQ: OZK) closed Tuesday at $48.52, down 72 cents. The share price has in the past 52 weeks ranged between $53.66 and $40.46.