By Sabela Ojea
Bank Ozk reported a rise in profit in its fiscal fourth quarter amid a decline in its provision for credit losses.
The Little Rock, Ark., regional bank on Thursday posted a net profit available to common shareholders of $178.1 million, or $1.56 a share, compared with $171.1 million, or $1.50 a share, for the same period a year earlier. Analysts polled by FactSet had forecast per-share earnings of $1.44.
The lender's net interest income rose to $379.4 million from $370.5 million a year ago. Provision for credit losses of dropped to $37.1 million from $46.4 million in the third quarter and $43.8 million a year earlier.
Bank Ozk also said that pre-tax pre-provision revenue increased 3.7% to $272.2 million.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 16, 2025 16:27 ET (21:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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