Stock Analysis
- United States
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- Banks
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- NasdaqGS:OZK
Bank OZK Second Quarter 2024 Earnings: In Line With Expectations
Bank OZK (NASDAQ:OZK) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$367.8m (up 7.7% from 2Q 2023).
- Net income: US$173.5m (up 3.3% from 2Q 2023).
- Profit margin: 47% (down from 49% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$1.53 (up from US$1.47 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bank OZK Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 2.9% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Bank OZK that you should be aware of before investing here.
Valuation is complex, but we're helping make it simple.
Find out whether Bank OZK is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we're helping make it simple.
Find out whether Bank OZK is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NasdaqGS:OZK
Bank OZK
Provides various retail and commercial banking services for individuals and businesses in the United States.