Finance

2024 net income up almost 4% at Bank OZK

Full-year net income at Little Rock-based Bank OZK was $700.269 million, a record for the bank company and up 3.8% compared with 2023 net income. Per share earnings in 2024…

Sales tax collections slightly lower year-over-year in Jonesboro, Craighead County

For one of the rare times during the last decade and a half, Craighead County and its seat Jonesboro, collected less yearly sales and use taxes – but barely. The…

Home BancShares net income up 2.7% in 2024, sets new record

Conway-based Home BancShares ended 2024 with net income of $402.241 million, up 2.7% compared with 2023, and a record for the bank holding company. Fourth quarter per share earnings of…

Sterling Bank opens a branch In Bentonville

Popular Bluff, Mo.-based Sterling Bank recently opened a three-story, full-service branch at 1001 S. Walton Blvd. in Bentonville. Scott Spencer, president and CEO of Sterling Bank, said this is the…

Oak Tree Financial acquires Riverside Bank

Rogers-based holding company Oak Tree Financial Corp. has acquired Riverside Bank, which has branches in Little Rock and Sparkman, Ark. Financial terms of the deal were not disclosed. As of…

AcreTrader’s newest product, Acres.com, generating huge growth

Farm real estate investment company AcreTrader is one of Arkansas’ best modern-day startup success stories, but founder and CEO Carter Malloy says the Fayetteville-based company’s newest iteration, Acres.com, has already…

BSR REIT acquires Texas apartment property for $61 million

BSR Real Estate Investment Trust acquired The Venue Craig Ranch Apartments in the fast growing McKinney submarket of the Dallas/Fort Worth metro area for $61 million. The Venue is a…

Family Leisure facility planned for Gateway Town Center

Badu Holdings, Inc. purchased a 5.3-acre commercial lot at Little Rock’s Gateway Town Center in December in a sale totaling $1.95 million. Isaac Smith, Justin Bentley and Lee Strother, all…

Stephens Insurance names new CEO, Chief Strategy Officer

Stephens Insurance, LLC, an affiliate of Stephens Inc., announced Wednesday (Jan. 8) that Korosh Saba will serve as the new President and Chief Executive Officer and Lizzie Phillips Sanford as…

Loloft opens in Arizona, plans $10 million seed round

Rogers-based commercial real estate startup Loloft recently opened its second industrial co-working space as it prepares for more growth and a $10 million seed round. Loloft opened a 51,902-square-foot industrial…

Warren Stephens stepping down as CEO; children assuming new leadership roles

Financial services giant Stephens Inc. announced Tuesday (Jan. 7) that CEO Warren Stephens will retire as CEO immediately after he was selected to serve as U.S. Ambassador to the United…

Real Deals: 110 acres of Benton County pastureland sells for $7.5 million

More than 110 acres of pastureland west of Centerton in Benton County recently changed hands in separate transactions for a combined $7.59 million. The purchase price equals $68,701 per acre….

MAI Capital Management buys Garrison Asset Management in Fayetteville

Cleveland-based MAI Capital Management, a registered investment adviser and wealth management firm, has acquired Fayetteville-based wealth management firm Garrison Asset Management, according to a Monday (Jan. 6) news release. Financial…

Federal Home Loan Bank provides $1 million to Gravette housing project

The Federal Home Loan Bank of Dallas recently awarded a $1 million grant to a 40-unit senior housing development in Gravette. Spavinaw Creek Senior Housing received the grant as part…

Most Arkansas-based companies see stock price gains in 2024

Six of the 11 Arkansas publicly traded companies posted stock gains for the full year, compared to five of 11 that had gains to end the third quarter. Walmart posted…

Lower tax rates push Arkansas revenue down almost 3%

Arkansas’ fiscal year-to-date (July 2024-December 2024) tax revenue is $3.973 billion, down 2.9% compared with the same period in the previous fiscal year, according to Friday’s (Jan. 3) report from…

Bank of America center in Tulsa to become Arvest Tower

Arvest Bank recently acquired the naming rights to the 32-floor Bank of America Center building at 15 W. Sixth St. in downtown Tulsa. After a renovation project, Arvest Wealth Management…

Then & Now: Caring for people the key to Shook’s career

In her 30-year career with Arvest Bank, Julie Shook has tried to live out Theodore Roosevelt’s adage: “People don’t care how much you know until they know how much you…

J.B Penn donates $450,000 towards A-State’s financial trading market program

Arkansas State University alumnus and Lynn native Dr. J.B. Penn donated more than $450,000 to support a trading program jointly developed by the College of Agriculture and the Neil Griffin…

McDonald named to Farmers and Merchants board

Farmers & Merchants Bankshares announced Tuesday (Dec. 17) the appointment of D. Kirk McDonald, president and chief Operating officer of Zachry Exploration, to its board of directors. McDonald has a…