LITTLE ROCK, Ark. (AP) _ Bank OZK (OZK) on Thursday reported second-quarter profit of $50.3 million.
The Little Rock, Arkansas-based bank said it had earnings of 39 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The bank posted revenue of $288.7 million in the period. Its revenue net of interest expense was $238.2 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $234.5 million.
Bank OZK shares have dropped 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.37, a drop of 19% in the last 12 months.