# Bank Ozk (OZK.US)

Canonical: https://gigainvestors.com/s/OZK

Analysis as of: 2026-10-16T07:31:01.196Z. Financial observations: FY2015–FY2025.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $45.84 per share; close as of 2026-10-15.

Estimated value: low $74.63 per share, central $93.29 per share, high $124.38 per share. Buy at or below the central value $93.29 per share. Valuation as of 2026-10-16T07:31:01.196Z; scenarios are not confidence intervals.

Expected annual return: 14.1% at the stated quote. About 14.1% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- Financial history: 10 years

- Profitable years in the last ten: 10

- Required profitable years: 9

- Return on common equity variation (informational): 0.16×

Chart: Net income; fiscal year observations.

- FY2016: $270M

- FY2017: $422M

- FY2018: $417M

- FY2019: $426M

- FY2020: $292M

- FY2021: $579M

- FY2022: $548M

- FY2023: $691M

- FY2024: $716M

- FY2025: $715M

### moat: pass

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- Bank / P&C ROTE, median of available years: 13.6%

- Required median return: 12.0%

- Return uses tangible common equity: Yes

- Bank ROTE, second-lowest year: 12.3%

- Years with reported combined ratio: 0

Chart: Return on tangible common equity; fiscal year observations.

- FY2016: 13.0%

- FY2017: 15.3%

- FY2018: 13.6%

- FY2019: 12.3%

- FY2020: 8.1%

- FY2021: 13.9%

- FY2022: 13.6%

- FY2023: 18.2%

- FY2024: 14.2%

- FY2025: 13.1%

### economics: fail

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- nonpositive book value in the compounding window

- Book return interval: 10 years

- Starting book value per share: -$3.22

- Ending book value per share: $48.30

### management: pass

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- Diluted shares, 10-year annual growth: 2.6%

- Diluted shares, 5-year annual growth: -2.6%

- Share growth excluding flagged crisis recapitalisations: 2.6%

- Five-year share growth excluding flagged crisis recapitalisations: -2.6%

- Flagged crisis recapitalisations: 0

- Book created / earnings retained after dividends and buybacks: 2.22×

- Book value created per share: $51.52

- Earnings retained per share after dividends and buybacks: $23.20

Chart: Shares (first year = 100); fiscal year observations.

- FY2015: 100

- FY2016: 120

- FY2017: 147

- FY2018: 148

- FY2019: 148

- FY2020: 148

- FY2021: 149

- FY2022: 138

- FY2023: 131

- FY2024: 131

- FY2025: 130

### accounting: pass

- Financial accounting warning count: 0

- Known restatement years: 0

- Years loan growth exceeded twice deposit growth: 0

- Years credit losses exceeded peer median: 0

## Holders

- [Francois Rochon](https://gigainvestors.com/GC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bruce Berkowitz](https://gigainvestors.com/fairx): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

The price assumes profits grow 1.9% a year forever · "Bank OZK Q2 Earnings Beat Estimates on Higher Fee Income, Shares Fall" (finance.yahoo.com, Jul 2026) · net income -0.1%

Story as of 2026-10-16T09:59:21.450Z; price observation 2026-10-15.

The price assumes profits grow 1.9% a year forever

- 2025-07-17: Bank OZK Q2 earnings beat, helped by growth in loans, deposits ([seekingalpha.com](https://seekingalpha.com/news/4468622-bank-ozk-q2-earnings-beat-helped-by-growth-in-loans-deposits?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2025-10-16: Bank OZK stock dips after Q3 earnings miss despite record NII ([seekingalpha.com](https://seekingalpha.com/news/4504993-bank-ozk-stock-dips-after-q3-earnings-miss-despite-record-nii?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2026-01-21: Bank OZK Shares Fall as Q4 Earnings Miss Estimates, Provisions Rise ([finance.yahoo.com](https://finance.yahoo.com/news/bank-ozk-shares-fall-q4-180600497.html))

- 2026-02-05: Bank OZK (OZK) Fell on a Tepid Yearly Outlook ([finance.yahoo.com](https://finance.yahoo.com/news/bank-ozk-ozk-fell-tepid-130009033.html))

- 2026-07-22: Bank OZK Q2 Earnings Beat Estimates on Higher Fee Income, Shares Fall ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/bank-ozk-q2-earnings-beat-162300494.html))

### Net income · FY2025

net income -0.1%; source https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/; observed 2026-10-16.

- FY2016: $270M 

- FY2017: $422M 

- FY2018: $417M 

- FY2019: $426M 

- FY2020: $292M 

- FY2021: $579M 

- FY2022: $548M 

- FY2023: $691M 

- FY2024: $716M 

- FY2025: $715M 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in regional banking; annual sales are USD 1.7 billion.

- Source: https://ir.ozk.com/static-files/e0a9df34-ad64-4d55-9984-9a46e4a2f45f#issuer-annual-2025-pp74-108 (filed 2026-10-16T07:31:01.196Z); FY2025: revenue 1727857000.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); OZK.US: Bank OZK operates as a full-service Arkansas state-chartered bank that provides retail and commercial banking services. The company provides deposit services, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits. It offers trust and wealth services, such as personal trusts, custodial accounts, investment management accounts, and retirement accounts; corporate trust services that include trustee, paying agent and registered transfer agent services, and other related services; and treasury management services, which include automated clearing house, wire transfer, current and prior day transaction reporting, wholesale lockbox, remote deposit capture, automated credit line transfer, reconciliation, positive pay, commercial card, and other services, as well as zero balance and investment sweep accounts. In addition, the company provides real estate, consumer, small business, indirect recreational vehicle and marine, equipment, agricultural, commercial and industrial, government guaranteed, lines of credit, homebuilder, and housing loans; lender and structured, business aviation, and subscription financing services; and mortgage and other lending products. The company was formerly known as Bank of the Ozarks and changed its name to Bank OZK in July 2018. Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas.

### Why customers stay

It earns 13.6% on shareholders’ money, excluding intangible assets.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:01.196Z); 10-year return on tangible equity observations [[2016,0.13038325516973598],[2017,0.15315048781231533],[2018,0.13556029047380094],[2019,0.12277748213712256],[2020,0.08115462216134116],[2021,0.13894312220734406],[2022,0.13599480978312167],[2023,0.18171848147165076],[2024,0.14201775519273777],[2025,0.1308231649229795]]; median 0.13577755012846132. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 10 of 10 years; bought back USD 144.5 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:01.196Z); Dividend observations: [[2016,62173000],[2017,88732000],[2018,102218000],[2019,121124000],[2020,139255000],[2021,146511000],[2022,168856000],[2023,179171000],[2024,195643000],[2025,212965000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:01.196Z); FY2025: cash repurchases 144523000 USD.

### What the price says

The price assumes profits grow 1.9% a year forever.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:01.196Z); Price 45.84; FX 1; original perpetual distributable cash 3.7315242625825498; discount 0.1; growth 0.018596765650467945. Same book-value model and 4× ceiling; no ten-year operating fade applies. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $36.96 per share

- 2016-11: $48.52 per share

- 2016-12: $52.59 per share

- 2017-01: $54.87 per share

- 2017-02: $54.73 per share

- 2017-03: $52.01 per share

- 2017-04: $47.47 per share

- 2017-05: $44.20 per share

- 2017-06: $46.87 per share

- 2017-07: $43.15 per share

- 2017-08: $42.96 per share

- 2017-09: $48.05 per share

- 2017-10: $46.62 per share

- 2017-11: $48.22 per share

- 2017-12: $48.45 per share

- 2018-01: $49.95 per share

- 2018-02: $49.89 per share

- 2018-03: $48.27 per share

- 2018-04: $46.80 per share

- 2018-05: $47.54 per share

- 2018-06: $45.04 per share

- 2018-07: $40.90 per share

- 2018-08: $40.46 per share

- 2018-09: $37.96 per share

- 2018-10: $27.36 per share

- 2018-11: $27.10 per share

- 2018-12: $22.83 per share

- 2019-01: $30.34 per share

- 2019-02: $32.80 per share

- 2019-03: $28.98 per share

- 2019-04: $32.65 per share

- 2019-05: $28.90 per share

- 2019-06: $30.09 per share

- 2019-07: $30.58 per share

- 2019-08: $25.80 per share

- 2019-09: $27.27 per share

- 2019-10: $28.06 per share

- 2019-11: $29.68 per share

- 2019-12: $30.51 per share

- 2020-01: $27.18 per share

- 2020-02: $25.39 per share

- 2020-03: $16.70 per share

- 2020-04: $22.62 per share

- 2020-05: $22.49 per share

- 2020-06: $23.47 per share

- 2020-07: $24.05 per share

- 2020-08: $23.04 per share

- 2020-09: $21.32 per share

- 2020-10: $24.78 per share

- 2020-11: $27.96 per share

- 2020-12: $31.27 per share

- 2021-01: $37.16 per share

- 2021-02: $41.22 per share

- 2021-03: $40.85 per share

- 2021-04: $40.99 per share

- 2021-05: $42.71 per share

- 2021-06: $42.16 per share

- 2021-07: $40.71 per share

- 2021-08: $42.43 per share

- 2021-09: $42.98 per share

- 2021-10: $44.67 per share

- 2021-11: $44.71 per share

- 2021-12: $46.53 per share

- 2022-01: $46.85 per share

- 2022-02: $47.02 per share

- 2022-03: $42.70 per share

- 2022-04: $38.42 per share

- 2022-05: $41.47 per share

- 2022-06: $37.53 per share

- 2022-07: $40.10 per share

- 2022-08: $40.53 per share

- 2022-09: $39.56 per share

- 2022-10: $42.98 per share

- 2022-11: $46.15 per share

- 2022-12: $40.06 per share

- 2023-01: $45.67 per share

- 2023-02: $46.03 per share

- 2023-03: $34.20 per share

- 2023-04: $35.72 per share

- 2023-05: $34.58 per share

- 2023-06: $40.16 per share

- 2023-07: $43.73 per share

- 2023-08: $40.17 per share

- 2023-09: $37.07 per share

- 2023-10: $35.81 per share

- 2023-11: $41.86 per share

- 2023-12: $49.83 per share

- 2024-01: $45.11 per share

- 2024-02: $43.80 per share

- 2024-03: $45.46 per share

- 2024-04: $44.65 per share

- 2024-05: $41.88 per share

- 2024-06: $41.00 per share

- 2024-07: $46.89 per share

- 2024-08: $43.35 per share

- 2024-09: $42.99 per share

- 2024-10: $43.75 per share

- 2024-11: $49.97 per share

- 2024-12: $44.53 per share

- 2025-01: $50.79 per share

- 2025-02: $48.01 per share

- 2025-03: $43.45 per share

- 2025-04: $42.60 per share

- 2025-05: $44.33 per share

- 2025-06: $47.06 per share

- 2025-07: $49.30 per share

- 2025-08: $52.47 per share

- 2025-09: $50.98 per share

- 2025-10: $44.99 per share

- 2025-11: $46.02 per share

- 2025-12: $46.02 per share

- 2026-01: $47.56 per share

- 2026-02: $46.56 per share

- 2026-03: $45.89 per share

- 2026-04: $48.16 per share

- 2026-05: $48.39 per share

- 2026-06: $52.09 per share

- 2026-07: $51.30 per share

- 2026-08: $49.08 per share

- 2026-09: $45.96 per share

- 2026-10: $45.84 per share

## Annual estimated value (USD per share)

- FY2016: low $37.36 per share, central $46.70 per share, high $62.26 per share

- FY2017: low $40.01 per share, central $50.02 per share, high $66.69 per share

- FY2018: low $44.59 per share, central $55.73 per share, high $74.31 per share

- FY2019: low $49.05 per share, central $61.31 per share, high $81.75 per share

- FY2020: low $49.31 per share, central $61.64 per share, high $82.18 per share

- FY2021: low $41.79 per share, central $45.97 per share, high $51.08 per share

- FY2022: low $53.06 per share, central $66.32 per share, high $88.43 per share

- FY2023: low $52.66 per share, central $65.82 per share, high $87.76 per share

- FY2024: low $70.38 per share, central $87.98 per share, high $117.30 per share

- FY2025: low $74.63 per share, central $93.29 per share, high $124.38 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.