Bank of the Ozarks (OZRK) was a regional bank headquartered in Little Rock, Arkansas, with over 250 locations in 10 states. The bank offered a range of financial products and services, including consumer and commercial banking, mortgage lending, and wealth management.
In 2018, Bank of the Ozarks rebranded as Bank OZK, and its stock symbol changed to OZK. As of its most recent financial reports, Bank OZK reported net income of $167.6 million for the second quarter of 2021, an increase of 20.6% compared to the same quarter of the previous year. The bank also reported total assets of $27.2 billion and total deposits of $21.8 billion as of June 30, 2021.
Bank OZK's focus on asset quality and risk management has earned it a reputation as a strong performer in the regional banking industry. The bank's growth strategy has included acquisitions of other banks and expansion into new markets.
Investing in regional banks like Bank OZK carries market risks, including the risk of market volatility, interest rate fluctuations, and changes in economic and regulatory environments. Investors should carefully consider these risks before investing in Bank OZK and consult with a financial advisor to determine if it is an appropriate investment for their portfolio. They should also review the bank's public disclosures and financial statements to gain a better understanding of its financial performance and risks.
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