Bank OZK Announces Fourth Quarter and Full Year 2018 EarningsJanuary 17, 2019 in Corporate News
Today, Bank OZK announced that net income for the fourth quarter of 2018 was $115.0 million and net income for the full year of 2018 was $417.1 million.
George Gleason, Chairman and Chief Executive Officer stated:
We had excellent fourth quarter results, achieving our most profitable quarter of the year with net income of $115.0 million and an annualized return on average assets of 2.04%. For the full year of 2018, our net income was $417.1 million and our return on average assets was 1.90%. Our strong net income in 2018 resulted in meaningful increases in our already strong risked based capital ratios and allowed us to increase our cash dividends each quarter. In 2018 we completed our strategic rebranding and continued our efforts to enhance our team of industry and technology professionals, which is key to our competitive advantage. We believe we are well positioned for success in 2019.
You can read the full press release here.