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LITTLE ROCK, Ark. - Bank OZK (NASDAQ:OZK) reported first quarter earnings that surpassed analyst expectations, though shares edged 0.8% lower in after-hours trading.
The Arkansas-based bank posted adjusted earnings per share of $1.47 for the first quarter of 2025, beating the analyst consensus estimate of $1.41. However, net income available to common stockholders decreased 2.1% to $167.9 million compared to $171.5 million in the same quarter last year.
Revenue figures were not provided in the earnings release. The company’s diluted earnings per share of $1.47 represented a 2.6% decline from $1.51 in the first quarter of 2024.
George Gleason, Chairman and Chief Executive Officer, commented on the results: "We are pleased to report our first quarter 2025 results, which provide a solid start to the year. Our talented, entrepreneurial and veteran management team is well suited for today’s very noisy and complicated economic environment."
Gleason added that the team has "proactively and effectively managed the various challenges, uncertainties and volatilities of this environment while capitalizing on numerous promising opportunities."
The bank did not provide specific guidance for upcoming quarters or the full fiscal year in the release. Bank OZK shares dipped 0.8% in after-hours trading following the earnings announcement, suggesting a relatively muted market reaction to the mixed results.
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