Bank OZK quarterly results top Street view

Bank OZK (OZK) shares ticked higher in the extended session Thursday after the regional bank's quarterly results topped Wall Street expectations. Bank OZK shares rose 1.3% after hours, following a 0.9% decline in the regular session to close at $37.08. The Little Rock, Ark.-based bank reported record first-quarter net income of $165.9 million, or $1.41 a share, compared with $128 million, or $1.02 a share, in the year-ago period. Net interest income rose to $344.9 million from $249.3 million in the year-ago period. Analysts surveyed by FactSet had forecast $1.38 a share on net interest income of $337.5 million. "Our strong capital, liquidity and profitability have us well-positioned for the future," said George Gleason, chairman and chief executive, in a statement.

-Wallace Witkowski

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04-20-23 1653ET

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