Bank OZK (NASDAQ: OZK) (“the bank”) is a regional bank headquartered in Little Rock, Arkansas with 240 branch banking offices largely spread across nine states including Arkansas, Georgia, Florida, North Carolina, Texas, Tennessee, New York, California, and Mississippi. The bank (est. 1903) was purchased in 1979 by current Chairman and CEO, George Gleason, who still holds considerable shareholder controlling interest, with 5% of common shares at YE23.
The bank’s operating strategy is primarily centered around its various lending business lines with funding provided via its large retail banking operation. OZK’s largest lending segment is its Real Estate Specialties Group (“RESG”) which offers financing for large acquisition, development and construction projects across the United States with its largest concentrations in the Miami, NYC, San Diego and LA MSAs. RESG comprised over 60% of total loans outstanding at 3Q24 and over 70% of the bank’s $19 billion…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.