OZK Nasdaq Russell 1000 Earnings call
Bank OZK (OZK) · Q2 2026 results
Share price: $50.48 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 22 Jul 2026 and 22 Apr 2026
Net income up 2.5% on the previous quarter. Management sounded cautious, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+2.5%
Net income vs Q1 2026
Outlook given
Net income 167.4M vs 163.4M
Revenue +2.9%
2 · How management spoke
Cautious
Among the least upbeat of all company calls
Answers to analysts: restrained, in line with the script.
Similar to last call.
3 · What stood out
New
Total commercial real estate is now under 300% for a second quarter and the portfolio will keep shrinking into next year.
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: no OCF/capex (bank, utility, or SEC gap).
Current price
$50.48
close of 2026-11-11
Read between the lines
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New
Most sponsors continue supporting their transactions despite $91.5 million in unscheduled RESG pay downs.
Source quote
“You saw that in the quarter just ended, we had $91.5 million of unscheduled pay downs in the RESG portfolio... The vast majority of our sponsors, as we have said all the way through, the vast majority of our sponsors are continuing to support their transactions in a very positive way. We had $37.5 million of unfunded balances curtailed in connection with the modification, extension of loans, and collected $5.4 million modification fees.”
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Guidance
More deposits needed in Q3 and Q4 to support moderately increased outstanding volume.
Source quote
“That is a reflection of the fact that we expect to need to grow more deposits in Q3 and Q4 based on a moderately increased volume of outstanding...”
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Guidance
Modest cost increases are driven by the need to generate more deposits to support more loans.
Source quote
“Modest increases in that cost as we go forward, part of that is driven by the need to generate more deposit volume simply because we expect more loan...”
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Figure
Obviously, the quarter just ended was a big quarter of repayments with that number approaching $3 billion.
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“I think you will see it grow again, but it may get into the 20% of portfolio range before it hits that inflection point where origination fundings exceed payoffs and...”
“That gives you a real indication, because CIB is $7 billion plus now, and RESG is $15 billion plus, and we're expecting those are going to equalize and cross at...”
“That is a reflection of the fact that we expect to need to grow more deposits in Q3 and Q4 based on a moderately increased volume of outstanding loans.”
Full figures
USD · ROIC.AI fundamentals (NASDAQ:OZK, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 430.0M | 418.1M | +2.9% | 428.0M | +0.5% |
| Net income | 167.4M | 163.4M | +2.5% | 183.0M | −8.5% |
| EPS | 1.49 | 1.44 | +3.6% | 1.58 | −5.8% |
| P/E | — | — | — | — | — |
Topics
Most discussed now
- To Bank OZK is excited, and it shared in its management comments, the introduction of its emerging middle market...
- The life science loan that Bank OZK took a charge-off on this quarter that was previously special mention that it took...
- One of its really nice paydowns that Bank OZK got in the quarter just ended was a big paydown on a...
- Bank OZK said in the management comments, Catherine, that it thought the Q2 cost of interest-bearing deposits was probably an inflection...
- Bank OZK commented in management comments it was really pleased with the good work that its funding team, deposit generating teams...
Faded since Q1 2026
- Dropped The muni housing bonds or a tax equivalent yield of around 6% and the mortgage-backed securities are somewhere around the...
- Dropped CIB is designed so that the speed of that build-out is geared to their volume of business and the profit...
- Dropped What Bank OZK sees there is and part of it that's its largest property type by concentration.
- Fading Very consistently And Bank OZK expects to get some more growth out of its commercial banking, community banking group next year.