Bank Ozk Posts 4Q Profit Growth, Drop in Provision for Credit Losses

Dow Jones

Jan 17, 2025

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)

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Analysts polled by FactSet had forecast per-share earnings of $1.44. \n</p>\n<p>\n  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. \n</p>\n<p>\n  Bank Ozk also said that pre-tax pre-provision revenue increased 3.7% to $272.2 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 16, 2025 16:27 ET (21:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2504992389","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504992389","pubTimestamp":1737062820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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Analysts polled by FactSet had forecast per-share earnings of $1.44. \n\n\n  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. \n\n\n  Bank Ozk also said that pre-tax pre-provision revenue increased 3.7% to $272.2 million. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 16, 2025 16:27 ET (21:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}