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LITTLE ROCK - Bank OZK (NASDAQ:OZK), a $5.5 billion regional bank with a GREAT financial health score according to InvestingPro, announced Tuesday its board of directors has declared a quarterly cash dividend of $0.44 per share on its common stock, representing a 2.33% increase from the previous quarter. The bank’s dividend yield stands at 3.65%, with impressive year-over-year dividend growth of 13.16%.
The dividend will be payable on July 18, 2025, to shareholders of record as of July 11, 2025, according to a press release issued by the bank.
This marks the 60th consecutive quarter that Bank OZK has increased its quarterly cash dividend on common stock, a consistency that has earned the bank a place in the S&P High Yield Dividend Aristocrats index since January 2018.
The board also declared a quarterly cash dividend of $0.28906 per share on the bank’s 4.625% Series A Non-Cumulative Perpetual Preferred Stock for the period covering May 15 through August 15, 2025. This dividend will be payable on August 15, 2025, to holders of record as of August 1, 2025.
Bank OZK, established in 1903, operates over 250 offices across nine states including Arkansas, Georgia, Florida, North Carolina, Texas, Tennessee, New York, California, and Mississippi. Trading at a P/E ratio of 7.94 with revenue growth of 6.47%, the bank reported total assets of $39.2 billion as of March 31, 2025.
In other recent news, Bank OZK reported a strong performance in its first quarter of 2025, with earnings per share (EPS) reaching $1.47, surpassing the forecast of $1.41. The bank’s revenue also exceeded expectations, coming in at $409.23 million compared to the anticipated $403.2 million. Despite these positive results, Stephens analysts lowered their price target for Bank OZK from $59 to $54, maintaining an Equal Weight rating due to the bank’s unchanged guidance for 2025 amid macroeconomic uncertainties.
Moody’s Ratings affirmed Bank OZK’s ratings while adjusting the outlook from negative to stable. This decision reflects a balance between risks associated with the bank’s commercial real estate loan concentration and its strong profitability and capital retention strategies. The bank’s tangible common equity to risk-weighted assets ratio improved to 11.36% as of March 31, 2025.
Additionally, Bank OZK announced plans to diversify its operations by launching a new natural resources group and opening 34 new branches in 2025. The bank’s strategy to expand beyond traditional real estate lending and enhance its corporate banking capabilities seems to be progressing well. Despite the macroeconomic uncertainties, the bank maintains a positive growth outlook, with expectations for mid-single to high single-digit loan growth for the year.
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