Bank OZK quarterly net income up 3.1%, revenue up 2.7%

Bank OZK, a Little Rock-based company with operations in nine states, posted second-quarter net income of $178.931 million, up 3.1% compared with the same period of 2024. Earnings per share of $1.58 beat the consensus estimate of $1.52.

Quarterly revenue in the report, posted Thursday (July 17) after the markets closed, was $428.037 million, better than the $416.776 million. The revenue also beat the consensus estimate of $423.41 million.

“One of our goals for 2025 is to improve on our record 2024 net income and EPS,” Bank OZK Chairman and CEO George Gleason said in the report. “Our strong results for the first half of the year put us in a great position to achieve that goal. Our talented, entrepreneurial and veteran team is well suited for the very dynamic environment in which we operate today. Our excellent results for the quarter included record net income, record EPS, record net interest income, excellent growth in loans and deposits, and solid asset quality.”

Net income in the first half of 2025 was $346.843 million, better than the $344.987 million in the same period of 2024. Revenue in the first half of 2025 was $837.271 million, also better than the $822.795 million in the same period of 2024.

The company said interest income, the primary driver of revenue, was in line with internal estimates and is on track to reach a record in 2025.

“Our record net interest income in the quarter just ended was consistent with our previous guidance which anticipated record net interest income in one or more quarters of 2025,” the company noted in the quarterly report. “We continue to expect to achieve record net interest income for the full year of 2025. Of course, future net interest income will depend on numerous factors, including the timing and magnitude of growth in earning assets and Fed interest rate changes, if any.”

Following are other financial items from the second quarter 2025 report.
• Total assets as of June 30 reached $41.454 billion, up from the $36.836 billion at the same period in 2024.

• Total loans as of June 30 were $33.005 billion, up from the $28.673 billion at the same period in 2024.

• Total deposits as of June 30 were $33.522 billion, up from the $29.943 billion at the same period in 2024.

• The return on assets as of June 30 was 1.81%, down from 1.92% at the same period in 2024.

The bank reported full-year 2024 net income of $700.269 million, a record for the bank and up 3.8% compared with 2023 net income. The bank also reported full year revenue of $1.658 billion, better than the $1.562 billion in 2023.

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 Thursday at $51.91, up 74 cents. The share price has in the past 52 weeks ranged between $53.64 and $35.71.