Soured real estate loans at Bank OZK drive big sell-off

A posterchild for post-crisis construction and commercial real estate lending, Bank OZK hit a major bump last week as it reported a drop in quarterly net income of 22.7%, marking one of its worst quarters in recent memory.

  • By Alexander Saeedy
  • 19 Oct 2018

Most of the decline in profit can be attributed to two charge-offs in the bank's Real Estate Specialties Group portfolio, although the bank’s executives cited the $10m costs of rebranding from Bank of the Ozarks to Bank OZK as an additional factor behind the bank’s weak performance. 

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