Investor Presentaiton
Building Capital and Delivering for Shareholders
$40.35
$34.50
$45.00
E BVPS
■ TBVPS
$40.00
$35.00
Book Value
$30.00
and Tangible
$25.00
Book Value
$20.00
Per Share *
$15.00
$8.34
$8.07
$10.00
(Period end)
$5.00
$-
3Q23
3Q22
3Q21
3Q20
3Q19
3Q18
3Q17
3Q16
3Q15
3Q14
3Q13
Common
We have increased our common stock cash dividend in each of the
last 53 quarters and every year since our IPO in 1997. We expect to
continue to increase our common stock cash dividend in future
quarters.
$1.50
Dividend
$1.25
Payments
and Stock
$1.00
Repurchase
$0.75
Program
$0.50
$0.25
is
$0.19
$0.25
$0.36
$0.47
$0.55
$0.63
$0.71
$0.80
2015
$0.94 $1.0775
$1.1325
$1.26
$0.93
$1.05
2020
2021
2022
9M22
9M23
Over the last 10 years, we have increased book
value and tangible book value per common
share by a cumulative 384% and 328%,
respectively, resulting in compound annual
growth rates of 17.1% and 15.6%, respectively.
As of September 30, 2023, our book value and
tangible book value per share were $40.35 and
$34.50, respectively.
Stock Repurchase Program Details
At September 30, 2023, our current stock repurchase
program had $133.5 million authorization remaining,
as we did not repurchase any shares during the
quarter just ended.
During the first nine months of 2023, we
repurchased 4.3 million shares for $151.5 million,
which equates to a weighted average cost of
approximately $35.19 per share.
• The market price of our shares will likely be the
primary factor in the timing and volume of additional
stock repurchases, if any, between now and the
November 9, 2023 expiration of our current
program.
<> Bank OZK
*Calculation of the Bank's tangible book value per common share, including the reconciliation to the most directly
comparable GAAP financial measure is included in the schedule at the end of this presentation. Management believes
presentation of the non-GAAP financial measures provides useful supplemental information that contributes to a proper
understanding of the financial results and capital levels of the Bank.
34View entire presentation