OZK FY 2023 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2023 Earnings

Reported December 29, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$2.3B	—	$1.4B	—	63.0%
Op. Income	$867M	—	$722M	—	20.2%
Gross Margin	62.0%	—	85.0%	—	-22.9pp
Net Margin	30.7%	—	40.9%	—	-10.2pp
EPS (Diluted)	$5.87	—	$4.54	—	29.3%
Free Cash Flow	$852M	—	$735M	—	16.0%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$854M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$289M
SG&A Expenses	$305M
Other Expenses	$224M
Operating Expenses	$530M
Cost & Expenses	$1.4B
OPERATING INCOME	$867M
Interest Income	$2.1B
Interest Expense	$689M
Other Income/Expenses	$0
INCOME BEFORE TAX	$867M
Income Tax Expense	$176M
Net Income from Continuing Ops	$691M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$691M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$675M
D&A	$64M
EBIT	$867M
EBITDA	$931M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$854M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$289M
SG&A Expenses	$305M
Other Expenses	$224M
Operating Expenses	$530M
Cost & Expenses	$1.4B
OPERATING INCOME	$867M
Interest Income	$2.1B
Interest Expense	$689M
Other Income/Expenses	$0
INCOME BEFORE TAX	$867M
Income Tax Expense	$176M
Net Income from Continuing Ops	$691M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$691M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$675M
D&A	$64M
EBIT	$867M
EBITDA	$931M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$691M
Depreciation & Amortization	$64M
Stock-Based Compensation	$17M
Deferred Income Tax	-$53M
Other Non-Cash Items	$151M
Change in Working Capital	$11M
OPERATING CASH FLOW	$882M
Capital Expenditure	-$29M
Acquisitions (Net)	-$92M
Purchases of Investments	-$242M
Sales/Maturities of Investments	$575M
Other Investing Activities	-$5.7B
NET CASH FROM INVESTING	-$5.5B
Net Debt Issuance	$199M
Common Stock Repurchased	-$160M
Common Dividends Paid	-$163M
Other Financing Activities	$5.9B
NET CASH FROM FINANCING	$5.8B
FREE CASH FLOW	$852M
Net Change in Cash	$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$3.2B
Net Receivables	$170M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.6B
PP&E (Net)	$677M
Goodwill	$661M
Intangible Assets	$0
Long-Term Investments	$26.1B
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$28.7B
TOTAL ASSETS	$34.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$27.4B
TOTAL CURRENT LIABILITIES	$27.4B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$418M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$29.1B
Common Stock	$1M
Additional Paid-In Capital	$1.6B
Retained Earnings	$3.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$97M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$975.0K
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$34.2B
Total Debt	$1.3B
Net Debt	-$875M