Bank OZK (OZK)

Bank OZK Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,406	1,992	1,190	1,019	1,015	1,089
Interest Income on Investments	186.02	136.63	76.3	52.47	65.62	73.82
Total Interest Income	2,592	2,128	1,266	1,071	1,081	1,163
Interest Paid on Deposits	1,030	627.05	94.57	64.42	171.81	258.36
Interest Paid on Borrowings	37.36	61.64	29.25	17.17	20.34	20
Total Interest Expense	1,068	688.69	123.83	81.59	192.16	278.36
Net Interest Income	1,525	1,439	1,142	989.72	888.62	884.18
Net Interest Income Growth (YoY)	8.81%	26.02%	15.41%	11.38%	0.50%	-0.81%
Trust Income	9.1	8.52	7.99	8.51	7.54	7.55
Gain (Loss) on Sale of Assets	6.12	9.03	11.47	9.96	6.86	2.23
Gain (Loss) on Sale of Investments	-5.88	-24.53	-18.27	-14.57	-3.81	-2.35
Other Non-Interest Income	62.88	52.73	46.39	51.92	47.43	52.06
Total Non-Interest Income	116.57	91.82	93.4	98.43	95.72	101.27
Non-Interest Income Growth (YoY)	33.21%	-1.70%	-5.11%	2.83%	-5.48%	-3.15%
Revenues Before Loan Losses	1,641	1,531	1,236	1,088	984.35	985.45
Provision for Loan Losses	182.21	165.47	83.49	-77.94	203.64	26.24
Revenue	1,459	1,366	1,152	1,166	780.71	959.21
Revenue Growth (YoY)	9.32%	18.55%	-1.20%	49.36%	-18.61%	2.96%
Salaries and Employee Benefits	264.76	241.41	213.17	198.56	191.99	178.68
Occupancy Expenses	60.41	61.99	59.96	56.4	52.58	48.12
Selling, General & Administrative	52.43	44.18	32.1	29.18	31.7	32.31
Other Non-Interest Expense	168.46	154.21	126.2	131.06	128.87	138.96
Total Non-Interest Expense	546.06	501.79	431.43	415.2	405.13	398.07
EBT Excluding Unusual Items	913.18	864.04	720.72	750.89	375.57	561.14
Other Unusual Items	-2.5	-	-	-	-	-
Pretax Income	914.99	867	721.53	752.92	376.18	564.34
Income Tax Expense	205.56	176.16	157.44	173.89	84.31	138.43
Earnings From Continuing Operations	709.43	690.84	564.09	579.03	291.87	425.91
Minority Interest in Earnings	-0.03	-0.06	0.05	-0.03	0.03	-0
Net Income	709.4	690.78	564.14	579	291.9	425.91
Preferred Dividends & Other Adjustments	16.19	16.19	16.62	-	-	-
Net Income to Common	693.21	674.6	547.52	579	291.9	425.91
Net Income Growth	4.55%	22.45%	-2.57%	98.36%	-31.46%	2.11%
Basic Shares Outstanding	114	114	120	129	129	129
Diluted Shares Outstanding	114	115	121	130	129	129
Shares Change (YoY)	-1.78%	-4.86%	-6.88%	0.14%	0.33%	0.21%
EPS (Basic)	6.10	5.89	4.55	4.49	2.26	3.30
EPS (Diluted)	6.08	5.87	4.54	4.47	2.26	3.30
EPS Growth	6.42%	29.30%	1.57%	98.03%	-31.60%	1.85%
Dividend Per Share	1.540	1.420	1.260	1.133	1.077	0.940
Dividend Growth	11.59%	12.70%	11.26%	5.10%	14.63%	18.24%
Effective Tax Rate	22.47%	20.32%	21.82%	23.10%	22.41%	24.53%

Source: S&P Capital IQ. Banks template. Financial Sources.