Bank OZK Projects 10%-12% Loan Growth by 2027 Amid Record RESG Payoffs
Bank OZK (OZK) has provided an optimistic long-term outlook, forecasting loan growth in the range of 10% to 12% through 2027. This projection comes as the bank sees significant progress in its Real Estate Special Assets Group (RESG) payoffs, which are approaching record levels. For the immediate full year, Chairman and CEO George Gleason noted that management expects loan growth to settle between 3% and 5%. The company's ability to manage special assets while simultaneously expanding its lending portfolio suggests a strategic shift toward normalized growth following periods of asset recovery.
Tickers: $OZK
Topics: earnings call loan growth revenue guidance