Today, Bank OZK announced that net income for the third quarter of 2018 was $74.2 million, a 22.7% decrease from the third quarter of 2017.
George Gleason, Chairman and Chief Executive Officer, stated, “While our third quarter results did not meet our usual high standards for performance, we are very pleased with the continued enhancement of our team, technology and business capabilities. RESG continues to be a national leader in commercial real estate finance. Our indirect RV and Marine lending business continues to grow as another exceptional national lending platform. Many of the businesses in our community bank group are successfully growing, with the expectation that some of these units may ultimately achieve national scale. Our focus is solidly on our future, and we believe we are prepared to accomplish more than ever before.”
Management will conduct a conference call to take questions at 10:00 a.m. CT (11:00 a.m. ET) on Friday, October 19, 2018. Interested parties may listen to this call by dialing 1-844-818-5110 (U.S. and Canada) or 210-229-8841 (international) and asking for the Bank OZK conference call.
You can read the full press release here.