Trade Bank Ozk - OZK CFD

Bank Ozk Company profile

About Bank Ozk

Bank OZK (the Bank) is a regional bank that provides a range of retail and commercial banking services. The Bank's product and services include mobile & online banking, personal checking, personal savings, debit cards, credit card account access, business checking, trust services and wealth services, which include investment management services, custodial bank, retirement planning and employee benefit plans. The Bank owns eight 100%-owned finance subsidiary business trusts, a subsidiary that holds its investment securities, a subsidiary engaged in the development of real estate, a subsidiary that holds an ownership interest in a private aircraft, a subsidiary that invests in renewable energy and various other entities that hold loans, foreclosed assets or tax credits or engage in other activities. The Bank conducts its operations through approximately 249 offices in eight states, including Arkansas, Georgia, Florida, North Carolina, Texas, California, New York and Mississippi.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Bank Ozk interest income decreased 1% to $1.07B. Net interest income after loan loss provision increased 11% to $989.7M. Net income increased 98% to $579M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 7% to 4.09%, Non-purchased loans increase of 3% to $972.7M. Net income benefited from Deposits decrease of 63% to $64.4M (expense).

Equity composition

Common Stock $0.005 Par, 8/11, 50M auth., 34,186,980 issd. Insiders own approx. 13.37%. Pref. series A $1,000 Par, 1M auth., 75,000 issd. IPO 7/97, 1,331,700 shares @$16 by Stephens, Inc. 12/03, 6/02, 2-for-1 stock splits. FY'03 Q's are reclassified. 08/11, 2-for-1 stock split. 06/14, 2-for-1 Stock split.