LITTLE ROCK, Ark. (AP) — LITTLE ROCK, Ark. (AP) — Bank OZK (OZK) on Wednesday reported first-quarter profit of $175.5 million.
The bank, based in Little Rock, Arkansas, said it had earnings of $1.51 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The bank posted revenue of $666.1 million in the period. Its revenue net of interest expense was $406 million, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $392.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OZK at https://www.zacks.com/ap/OZK