Bank OZK Announces Second Quarter 2022 Earnings
Bank OZK | Corporate Blog
by ljohnson
1y ago
Bank OZK is pleased to report our results for the second quarter of 2022. Highlights include: Net Income. Our $132.4 million of net income available to common stockholders and $1.10 diluted earnings per common share improved on our strong results from the first quarter of 2022. Quarterly Origination Volume. Our Real Estate Specialties Group (“RESG”) posted its third consecutive quarter of record originations with $3.53 billion of loans originated. This contributed to an increase in our unfunded loan commitments to a record $17.37 billion at June 30, 2022. Net Interest Income. Our net interes ..read more
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Bank OZK Announces Fourth Quarter and Full Year 2021 Earnings
Bank OZK | Corporate Blog
by caseybaker
2y ago
Bank OZK is pleased to report our results for the fourth quarter and full year of 2021. Highlights include: Strong Net Income. Our $149.8 million of net income for the quarter just ended was among our best ever, and our $1.17 diluted earnings per common share was a quarterly record. For the full year of 2021, our $579.0 million net income and $4.47 diluted earnings per common share were record results. Record Quarterly Origination Volume. Our Real Estate Specialties Group (“RESG”) originated a quarterly record $2.99 billion of loans during the quarter. This contributed to the $1.23 billion ..read more
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Jim Lyons Brings Decades of Expertise to Bank OZK as Managing Director, Equipment Finance and Capital Solutions Group
Bank OZK | Corporate Blog
by caseybaker
2y ago
Bank OZK is pleased to announce the hiring of Jim Lyons as Managing Director, Equipment Finance and Capital Solutions Group. In this new position, Lyons will lead the group’s trajectory and help to provide a full array of equipment-oriented solutions, including equipment finance and lease structures. Prior to Bank OZK, Lyons worked for several prominent financial institutions in the equipment finance and specialty lending field and leveraged his years of knowledge and industry expertise to grow the footprint of many successful banks across the nation. Lyons said that he was attracted to Bank ..read more
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Cholmondeley and Cole Named as Savoy’s Most Influential Black Corporate Directors
Bank OZK | Corporate Blog
by ljohnson
2y ago
Two members of our Board of Directors, Paula Cholmondeley and Beverly Cole have been named as Savoy’s Most Influential Black Corporate Directors. As the leading business magazine reporting on African American success and achievement, Savoy’s Most Influential Black Corporate directory is a prestigious listing of executives, influencers, and achievers active on the boards of the world’s leading corporations and organizations. Ms. Cholmondeley is principal of The Sorrel Group, a consulting company founded by Ms. Cholmondeley in 2004 and focused on corporate strategy and corporate governance matt ..read more
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Check Your Charges: Don’t let unusual spending go unnoticed
Bank OZK | Corporate Blog
by caseybaker
2y ago
It can happen right under your nose. Bit by bit, a fraudster could be assuming your identity and chipping away at your bank accounts, applying charges that don’t raise an alarm. Then, suddenly, you notice that your balance is significantly smaller than expected. You’ve been scammed! Online scammers may be vicious, but they’re not dummies. They know how to steal as much from you as possible without getting caught. The COVID-19 pandemic has only encouraged these criminals, with reports of these types of frauds rising dramatically over the past 12 months. Real-time monitoring and access to your ..read more
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Bank OZK Breaks Ground on Solar Power Plant
Bank OZK | Corporate Blog
by ljohnson
2y ago
Bank OZK is committed to a strong future for our customers—and for the world. That’s why we are proud to lead the industry by investing in sustainability initiatives. We recently broke ground on a 11,000-panel solar power plant in Arkansas, which will supply 100 percent of the electricity needed for our corporate headquarters and up to 40 Arkansas branch locations. With an annual capacity of 8.1 million kilowatt-hours, the plant will be the third-largest commercial solar facility dedicated to a private sector customer in Arkansas. It will also be the largest investment in renewable energy by a ..read more
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Bank OZK Announces Record Second Quarter Net Income
Bank OZK | Corporate Blog
by ljohnson
2y ago
Preview Changes (opens in a new tab) Bank OZK is pleased to report record second quarter 2021 earnings. Highlights of the quarter are as follows: Record Net Income. Our $150.5 million of net income and our $1.16 of diluted earnings per common share for the quarter just ended were both our best quarterly results ever. Record Net Interest Income and Improvement in Core Spread. Our net interest income for the quarter was a record $240.7 million, an increase of $24.2 million, or 11.2%, from the second quarter of 2020, and a $6.1 million, or 2.6% not annualized, increase from the level achiev ..read more
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Fight Social Engineering the Bank OZK Way
Bank OZK | Corporate Blog
by ljohnson
3y ago
It was an unpleasant way to start the day. Melanie received a call from a number that appeared to be Bank OZK.  She knew phone calls, texts, and emails are an easy way for scammers to get information, so she cautiously answered the phone.  The person introduced themselves as “Bank OZK Fraud” and alerted Melanie of a suspicious transaction on her account.  Before providing more details, the caller required Melanie to confirm her identity by providing a confirmation code that would be sent via text. Melanie hadn’t been asked for personal or financial information, but she knew a c ..read more
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Environmental, Social and Governance Report Highlights Core Values
Bank OZK | Corporate Blog
by ljohnson
3y ago
Bank OZK is pleased to share our 2020 Environmental, Social and Governance (ESG) Report outlining Bank OZK’s history and core values; our response to the COVID-19 pandemic; how we ensure strong corporate governance; our investments in our employees, customers and communities; and our focus on the environment. 2020 was a year like no other for our employees, customers and communities. Bank OZK’s financial and cultural strength allowed us to continue serving our customers and communities as we navigated the global pandemic. Throughout the year, we continued to stay true to the values that have h ..read more
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Bank OZK Leaders Named Most Important Commercial Real Estate Finance Professionals
Bank OZK | Corporate Blog
by ljohnson
3y ago
Commercial Observer, a leading commercial real estate publication, has recognized four Bank OZK executives among the most important commercial real estate finance professionals in the U.S. This marks the fifth consecutive year Commercial Observer has named Bank OZK leaders to their Power Finance roll. Chairman and CEO George Gleason, Real Estate Specialties Group (RESG) President and Chief Operating Officer Brannon Hamblen, and RESG Managing Directors of Originations Richard Smith and Greg Newman are recognized on the 2021 list. Commercial Observer noted Ban ..read more
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