Third-quarter net income at Bank OZK[1] was $180.5 million, up 1.9% compared with the same period in 2024, the Little Rock-based bank reported Thursday (Oct. 16). Earnings per share of $1.59 came in below the consensus estimate of $1.66.
Revenue in the quarter was $449.936 million, above the $423.003 million in the same quarter of 2024, and better than the consensus estimate of $446.86 million.
Bank officials said net interest income posted a quarterly record at $413.9 million, and deposits ended the quarter at a record $33.98 billion.
“During the third quarter we achieved record net income, record EPS, record net interest income, meaningful growth in capital ratios and solid asset quality,” George Gleason, bank chairman and CEO, said in the report. “Our strong results for the first nine months of the year put us in a great position to achieve record results for the full year.”
The bank also reported a significant increase in recent years of a fund to cover bad debt as a response to uncertainties in the economy.
“Over the last 13 quarters we have more than doubled our Allowance for Credit Losses (“ACL”) from $300 million to $680 million, including a $14 million increase in the quarter just ended,” the bank noted. “We believe this ACL build has been a prudent and appropriate response to the shifting mix of risk factors that have driven the challenging and uncertain macroeconomic environment over those 13 quarters.”
Following are other financial items from the third quarter 2025 report.
• Total assets as of Sept. 30 reached $41.606 billion, up from the $37.44 billion at the same period in 2024.
• Total loans as of Sept. 30 were $32.846 billion, up from the $29.218 billion at the same period in 2024.
• Total deposits as of Sept. 30 were $33.984 billion, up from the $30.571 billion at the same period in 2024.
• The return on assets as of Sept. 30 was 1.74%, down from 1.9% at the same period in 2024.
The bank reported full-year 2024 net income of $700.269 million, a record for the bank and up 3.8% compared with 2023 net income. The bank also reported full year revenue of $1.658 billion, better than the $1.562 billion in 2023.
Established in 1903, Bank OZK has banking operations and more than 260 offices in Arkansas, California, Florida, Georgia, Mississippi, New York, North Carolina, Tennessee, and Texas.
Bank OZK shares (NASDAQ: OZK) closed Thursday at $47.02, down $3.48, or almost 7%. The earnings report was posted after the financial markets closed. The share price has in the past 52 weeks ranged between $53.66 and $35.71.