Bank OZK: 4Q Earnings Snapshot

LITTLE ROCK, Ark. (AP) _ Bank OZK (OZK) on Thursday reported fourth-quarter profit of $115 million.

The bank, based in Little Rock, Arkansas, said it had earnings of 89 cents per share.

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

The bank posted revenue of $319.6 million in the period. Its revenue net of interest expense was $255.9 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $246.1 million.

For the year, the company reported profit of $417.1 million, or $3.24 per share. Revenue was reported as $999.2 million.

Bank OZK shares have risen 21 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.60, a fall of 46 percent 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