Bank OZK reports Q3 EPS $1.55, consensus $1.54

Reports Q3 Pre-tax pre-provision net revenue was a record $282.6M for the third quarter of 2024, a 7.0% increase from $264M for the third quarter of 2023. For the first nine months of 2024, PPNR was $834.6M an 8.4% increase from $769.9M for the first nine months of 2023.George Gleason, Chairman and Chief Executive Officer, stated, “We are very pleased with our results for the quarter just ended giving us our eighth consecutive quarter of record net income and earnings per share and ninth consecutive quarter of record net interest income. This consistent achievement of record results hasallowed us to consistently increase dividends, significantly grow capital and opportunistically repurchase shares, all while significantly increasing our allowance for credit losses.”