Bank OZK (OZK) released its first quarter results on Sunday, April 25, 2021. The company reported net earnings of $1.15 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 1,153 percent compared to the same period a year ago.
Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas. Bank OZK provides various retail and commercial banking services. The company accepts various deposit products, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time deposits.
Bank OZK's revenue decreased 5 percent over the past trailing twelve-month period versus the previous twelve-month period. Operating margins increased to 64.91% over the same period. Net earnings for past trailing twelve months were $428.45 million, up 31% from the prior year.
Overall liquidity of the balance sheet, as measured by the current ratio, decreased 89.34% this past year. The current ratio for Bank OZK now stands at 0.31. The company increased shares outstanding by 0.31%.
Shares of OZK are currently trading around $41.22. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 12.44 and price to book ratio of 1.22.