U.S. Markets closed

Bank OZK: 3Q Earnings Snapshot

LITTLE ROCK, Ark. (AP) _ Bank OZK (OZK) on Thursday reported third-quarter profit of $103.9 million.

The bank, based in Little Rock, Arkansas, said it had earnings of 81 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The bank posted revenue of $316 million in the period. Its revenue net of interest expense was $245.2 million, which also missed Street forecasts. Four analysts surveyed by Zacks expected $250.1 million.

Bank OZK shares have climbed 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.37, a drop of 22% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OZK at https://www.zacks.com/ap/OZK