Fibonacci5 Posted - 10/29/24

$OZK they didn’t cut divi yet. Very surprised

DjangoContango Posted - 10/28/24

$OZK if you think this is bad, wait until OZK correctly grades their book: https://therealdeal.com/new-york/2024/10/25/new-york-community-bank-default-risk-loans-up-990/

DjangoContango Posted - 10/23/24

$OZK others waking up to OZK concentration risk. If the OCC regulated this bank it would be shut down https://www.credaily.com/newsletters/bank-ozk-caps-new-loans-at-500m-to-limit-construction-exposure/

swingingtech Posted - 10/22/24

$ZION $FNB $OZK https://wallstreetwaves.com/zions-reports-strong-q3-earnings-beat-driven-by-increased-net-interest-income-shares-rise-3-2/

swingingtech Posted - 10/22/24

$OZK $MKC $UMB $PII $CL https://wallstreetwaves.com/top-5-dividend-growth-stocks-poised-for-analyst-target-upsgrades/

DjangoContango Posted - 10/22/24

$OZK lol six modifications and they finally downgrade and charge some of this off. This bank is toast! https://www.bisnow.com/chicago/news/construction-development/bank-ozk-writes-off-20m-on-sterling-bay-land-loan-growing-less-patient-with-developers-progress-126393

DjangoContango Posted - 10/22/24

$OZK excellent piece on their troubled life science portfolio. The write downs are just beginning! https://www.bisnow.com/national/news/life-sciences/how-will-bank-ozks-life-science-bets-play-as-supply-imbalance-grows-126346

jmorg70 Posted - 1 month ago

$OZK Yeah and now they are syndicating some of the new loans, so even future resg won't have such concentrated risk. For me it's a 10% chance of real write downs and ~50% profit on a well timed short, 10% chance they get through unscathed and the stock doubles in 2 years, and an 80% chance they perform inline with the rest of the regionals. More fun to watch than an real investable idea.

TraceyRyniec Posted - 1 month ago

$OZK The size of the RESG portfolio is falling as loans are paid off. At 64% and will be 50% of the total by 2026. It's growing other divisions like Marine.

TraceyRyniec Posted - 1 month ago

$OZK Q3 was the lowest quarter of RESG origination volume since Q2 2019. Came in at $1.23 billion versus Q2 2019 at $1.15 billion. Also down from $1.6 billion in Q2 2024. Said the slowdown was due to rate and economic uncertainty. Expects this to continue into 1H 2025.

Garybar Posted - 1 month ago

$OZK so we can add what looks like a special mention land loan of $400mm? to the list of loans that are probably underwate, that they don’t want to talk about. Also interesting - they have a shit load of land loans.

DjangoContango Posted - 1 month ago

$OZK CEO calling reporting on a $900MM loan that is nearly complete and has virtually NO leasing “crap” sums up their arrogance

Garybar Posted - 1 month ago

$OZK The only reason they get to report the San Diego property as 50% LTV and report as a performing loan is because this bank is not regulated. There’s tangible / reported evidence on the status of that property that can only lead to the conclusion that this company’s reporting is brazenly, hubristically, bullshit

swingingtech Posted - 1 month ago

$OZK $FHN $HWC https://wallstreetwaves.com/bank-ozk-reports-strong-q3-earnings-with-increased-nii-and-year-over-year-provisions-rise/

DonCorleone77 Posted - 1 month ago

$OZK Bank OZK reports Q3 EPS $1.55, consensus $1.54 Reports Q3 Pre-tax pre-provision net revenue was a record $282.6M for the third quarter of 2024, a 7.0% increase from $264M for the third quarter of 2023. For the first nine months of 2024, PPNR was $834.6M an 8.4% increase from $769.9M for the first nine months of 2023.George Gleason, Chairman and Chief Executive Officer, stated, "We are very pleased with our results for the quarter just ended giving us our eighth consecutive quarter of record net income and earnings per share and ninth consecutive quarter of record net interest income. This consistent achievement of record results hasallowed us to consistently increase dividends, significantly grow capital and opportunistically repurchase shares, all while significantly increasing our allowance for credit losses."

TraceyRyniec Posted - 1 month ago

$OZK Four beats in a row for Bank OZK but no one really cares about that. (I sold my position a few months ago.)

DonCorleone77 Posted - 1 month ago

$OZK Bank OZK options imply 5.9% move in share price post-earnings Pre-earnings options volume in Bank OZK is 1.3x normal with puts leading calls 8:5. Implied volatility suggests the market is anticipating a move near 5.9%, or $2.73, after results are released. Median move over the past eight quarters is 4.5%.

jmorg70 Posted - 1 month ago

$OZK My base case was the concentration in resg was not a good idea, but lower rates may have allowed some of the problem loans to get rolled or there was enough of a pick up in the market that the properties bubble up out of distress. I don't feel that way any more. I think OZK is opening themselves up to liability if they keep stating the same LTVs and do not take meaningful steps to ascertain fair market values. Some of them are so underwater that there is no chance to roll the loans. Echo Street West was sold at something like a 62% discount. San Diego looks much worse. https://www.connectcre.com/stories/menlo-buys-305k-sf-distressed-atlanta-office-project/

eWhispers Posted - 1 month ago

#earnings after the close on Thursday, October 17, 2024 https://www.earningswhispers.com/calendar $NFLX $ISRG $WDFC $CCK $OZK

jmorg70 Posted - 1 month ago

$OZK Imagine the questions if the IQHQ San Diego property ends up in a default scenario.

MicsMugz Posted - 1 month ago

$SUNE $OZK Bank with trust JPD as well .

DjangoContango Posted - 1 month ago

$OZK everything is fine says OZK 😂 https://www.bisnow.com/national/news/life-sciences/beleaguered-life-sciences-developer-iqhq-sees-investor-lose-confidence-downgrade-investment-125546

DividendPower Posted - 1 month ago

Recent Dividend Increases - Updated 10/04/24 https://www.dividendpower.org/dividend-increases/ $HON $LMT $RPM $AFG $OZK

DividendPower Posted - 2 months ago

The List of Dividend Champions in 2024 - Updated 09/14/24 https://www.dividendpower.org/list-dividend-champions-2024/ $AFL $OZK $ADM $CSL $CINF

Garybar Posted - 2 months ago

$OZK From the August 8k: Of 338 resg loans they’ve had to modify 315? Suggesting some level of stress is endemic across their whole portfolio? Still listing San Diego at 40-50% LTV despite Aimco writing off nearly all their equity in the sponsor on that loan. They protest too much - this bank is done.

StockInvest_us Posted - 2 months ago

Signal alert: $OZK - PivotPoint bottom https://stockinvest.us/l/u9JTnDXr34

DividendPower Posted - 08/27/24

The List of Dividend Champions in 2024 - Updated 08/27/24 https://www.dividendpower.org/list-dividend-champions-2024/ $AFL $OZK $ADM $CSL $CINF

danwithopp Posted - 08/23/24

$OZK Trimmed my stake by half at $43.80. Unlike all of the speculative hand wringing about the San Diego project in the past few months, Aimco writing down most of their investment in IQHQ is a realized loss taken by an independent stakeholder in the project. OZK is the senior lender, so their balance sheet risk is much less than Aimco's equity stake, but the risk/reward in OZK's share price has a lot more downside now.

Garybar Posted - 3 months ago

$OZK Aimco’s write down suggests $2bn of IQHQ’s $2.5bn equity is gone - ozk’s much quoted loan to cost of 48% on the San Diego project is a farce.

Garybar Posted - 3 months ago

$OZK Aimco takes an impairment of 80% or $47mm on its investment in IQHQ - “strong sponsors” much. Empty building in San Diego - sponsors look like they’re about to walk - $900mm + commitment or close to 20% of the bank’s capital committed to the project…..